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Free Zone Pirot best in Europe and third in the world in 2018
Source: eKapija
Monday, 22.10.2018.
09:03
Monday, 22.10.2018.
09:03
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For the sixth time in a row, Free Zone Pirot has received high ranking by the Financial Times' fDi Magazine. This year, it was pronounced the best zone in Europe and the third best one in the world.
– Free Zone Pirot, located in Serbia’s south-east, has been named the leading free zone for Europe. The zone offers investors a set of attractive incentives to encourage job creation. The number of manufacturing investors in the zone increased 22% between 2016 and 2017, while the number of SME companies in the zone increased by more than 5%. Investors in the zone enjoy excellent connectivity for the export of goods – fDi writes.
The magazine also reports that Free Zone Pirot in Serbia has been named Europe’s best zone for large tenants and offers investors further incentives for labor-intensive projects, on top standard financial incentives. In addition, companies are exempt from corporate profit tax for10 years from the first year reporting profit, where investment amounts exceed EUR 9 million in fixed assets and more than 100 additional workers are employed, which will serve to attract larger operations.
Free Zone Pirot also received Bespoke Awards for Connectivity, Deployment of Technology, Incentives and Infrastructure Upgrades.
– Software tools were developed in Free Zone Pirot in 2017 to ease the communication for clients with both the freight forwarding and customs processes, helping to secure an award for the Deployment of Technology. The zone was also recognized for its Incentives program, which were plentiful and ran the gamut from corporate tax exemptions and employment grants to benefits of the logistics center, including customs procedures. Free Zone Pirot’s Connectivity was also recognized, thanks to its proximity to the Pan European Corridor X connecting Belgrade with Sofia and Turkey, Italy and Greece. The interchange to this road network is just 300 meters from the zone – fDi says in its report.
– We have reached the very top of the European Free Zones family, which is a great recognition and obligation for our team to create an advanced economic environment – Dragan Kostic, CEO of Free Zone Pirot, said for fDi Magazine.
The article where the ranking results were published can be found HERE.
– Free Zone Pirot, located in Serbia’s south-east, has been named the leading free zone for Europe. The zone offers investors a set of attractive incentives to encourage job creation. The number of manufacturing investors in the zone increased 22% between 2016 and 2017, while the number of SME companies in the zone increased by more than 5%. Investors in the zone enjoy excellent connectivity for the export of goods – fDi writes.
The magazine also reports that Free Zone Pirot in Serbia has been named Europe’s best zone for large tenants and offers investors further incentives for labor-intensive projects, on top standard financial incentives. In addition, companies are exempt from corporate profit tax for10 years from the first year reporting profit, where investment amounts exceed EUR 9 million in fixed assets and more than 100 additional workers are employed, which will serve to attract larger operations.
Free Zone Pirot also received Bespoke Awards for Connectivity, Deployment of Technology, Incentives and Infrastructure Upgrades.
– Software tools were developed in Free Zone Pirot in 2017 to ease the communication for clients with both the freight forwarding and customs processes, helping to secure an award for the Deployment of Technology. The zone was also recognized for its Incentives program, which were plentiful and ran the gamut from corporate tax exemptions and employment grants to benefits of the logistics center, including customs procedures. Free Zone Pirot’s Connectivity was also recognized, thanks to its proximity to the Pan European Corridor X connecting Belgrade with Sofia and Turkey, Italy and Greece. The interchange to this road network is just 300 meters from the zone – fDi says in its report.
– We have reached the very top of the European Free Zones family, which is a great recognition and obligation for our team to create an advanced economic environment – Dragan Kostic, CEO of Free Zone Pirot, said for fDi Magazine.
The article where the ranking results were published can be found HERE.
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