Slovakia adopted new law in the field of investment aid

The Act on Regional Investment Aid, which entered into force on 1 April 2018, provides a new schema for granting aid and incentives to investors. It specifies that only three categories of projects may be subsidized, including: industrial production, technology or business services.Tourism was excluded in comparison to the previous schema. The preferable form of State aid is the income tax exemption, while direct subsidies for land purchase are available. In addition, investors may apply for job creation contributions from the government or may be permitted to let or own property at a lower value than a market value.

The Regulation to the Act adopted by the government of Slovakia on 20 June 2018 specifies priority areas of business to be subsidized. It concentrates mostly on sophisticated technologies, like 3D printers, autonomous robots, etc.

• Type:

  • Promotion and facilitation (Investment incentives)

• Industry:

  • Manufacturing
  • Services (Computer programming, consultancy and related activities, Scientific research and development, Other professional, scientific and technical activities, Administrative and support service activities)

• Sources:

  • Národná rada Slovenskej republiky, Vládny návrh zákona o regionálnej investičnej pomoci a o zmene a doplnení niektorých zákonov, https://www.nrsr.sk/web/Default.aspx?sid=zakony/zakon&MasterID=6600, 07 Mar 2018
  • PwC, Review of the most important changes introduced by the new Act and the related implementing ordinance, https://www.pwc.com/sk/en/investments-and-radi-support-in-sk/new-law-for-investment-aid-act.html, 03 Jul 2018
  • CMS, Substantial changes to investment aid laws introduced in Slovakia, http://www.cms-lawnow.com/ealerts/2018/06/substantial-changes-to-investment-aid-laws-introduced-in-slovakia, 26 Jun 2018