EURO-PARK MIELEC / Why SSE EURO-PARK MIELEC / Strenghts / Quick Return of Investment / Tax exemptions

Why SSE EURO-PARK MIELEC / Strenghts / Quick Return of Investment / Tax exemptions

Maximum possible tax exemptions in the EU, 50% of total expenditures for new investment in the zone, for small and medium-size entrepreneurs the aid is increased up to 65%

Public Aid for entrepreneurs in SEZ EURO-PARK MIELEC

Special Economic Zone EURO-PARK MIELEC offers public aid in the form of corporate income tax exemptions.

Investors who have been issued a permit for economic activity in the zone area and will invest at least 100 thousand EUR are automatically granted the right to corporate income tax exemptions up to the maximum amount specified by European Union law.

The public aid for entrepreneurs in form of corporate income tax exemptions so-called "regional aid" is awarded on behalf of:

expenditure on new investment
creation of new job

The maximum amount of corporate tax exemption based on investment is 50% of the total expenditures on new investment for large entrepreneurs, 60% for and medium size and 70% for small size entrepreneurs.

The investment expenditures which qualify for aid are:

purchase of parcels ownership or perpetual usufruct rights
purchasing or own fabrication of fixed assets
development and modernization of existing fixed assets
the purchase intangible assets associated with technological transfer through the acquirement of patents, licenses, know-how or technical knowledge, in case of entrepreneurs other the small and medium size the investment expenditures can be increased maximum up to 50%.

The condition for consumption of the aid is conducting business activity and sustaining fixed assets for at least 5 years for large entrepreneurs, 3 years small and medium size entrepreneurs.

The maximum amount of corporate tax exemption based on the creation of new jobs is 50% of the total value of two-year labor costs resulting from hiring of new employees for large entrepreneurs, 60% for and medium size and 70% for small size entrepreneurs.

Large entrepreneur must keep newly created work places for a period of time not shorter than 5 years, for small and medium size entrepreneurs 3 years.

The tax exemptions mentioned above are given only for activity concocted within the boundaries of the Zone.