The crisis is also an opportunity! We are talking with numerous, credible interviewees on the topic of current investment potentials, especially in Bosnia and Herzegovina. Take the opportunity to receive a grant, now is the time!
Why now is the right time to invest?
The crisis in the post-covid period, geo-political challenges, inflation – yes, now is the right time to invest!
One of the main features of inflation is a general increase in the price of services, goods, energy, and a decrease in the value of money. According to leading economic experts, one of the best answers to inflation is investment, with risk diversification or, as Warren Buffett pragmatically concluded: “Don’t put all your eggs in one basket.”
On the other hand, the difficult supply chain due to the epidemic crisis and political instability has led to increased demand for suppliers closer to the EU borders.
Opportunity for Bosnia and Herzegovina?
Bosnia and Herzegovina, thanks to its position, potentials, lower operating costs, is a very good choice for investment. On the topic of justification of investment in Bosnia and Herzegovina, we spoke with Admir Čavalić, economic analyst, lecturer and researcher, who stated the following:
“The crisis is a chance at the same time, and it is not just an economist’s phrase, but a market reality. Now is the right time to invest in Bosnia and Herzegovina – changes in global supply chains and rising shipping costs emphasize the foreign trade role of countries bordering the EU. Bosnia and Herzegovina is one of those countries. In addition, the domestic workforce, low income tax rate, but also a number of other benefits, guarantee the sustainability of business.”
Invest in Bosnia and Herzegovina
Recognizing the huge potential of foreign investment in Bosnia and Herzegovina, Startup Studio in cooperation with 18 municipalities and cities, and with the support of the Government of Switzerland, implements the diaspora program “Invest in Bosnia and Herzegovina“, which includes the following:
- Grants with the total amount of 1.2 million BAM for newly established or existing companies (existing for up to 12 months), having a person from the diaspora in the ownership structure
- Support of local communities (technical, logistical and communication to investors from the diaspora and all those interested in the project “Invest in Bosnia and Herzegovina”, facilitated and accelerated administration…)
- Support provided by the Startup Studio and the Mozaik Foundation (coordination between investors and municipalities and cities, identification of investment potential, guidance and support …)
- Availability of a platform for connecting the diaspora with Bosnia and Herzegovina lonac.expo
- The largest online community for entrepreneurship and philanthropy in the region is available at lonac.pro (with over 77,000 registered members, numerous experts from various fields, 180 partners …)
One of the partner municipalities in which this project is being implemented is the Zavidovici Municipality. These are just some of the benefits that municipal institutions provide to investors, which makes this Municipality a very interesting location for investment:
- Benefits for foreign investors:
- The obligation to pay customs duties on the import of equipment is exempt, because the equipment has the status of capital investment (equipment must not be older than 10 years and must comply with technical standards)
- Exempt from paying income tax for 5 years
- Industrial heritage:
- Developed industrial tradition in the field of wood, metal and textile industry, highly qualified, trained and price-competitive workforce
- Business zones:
- Ideal location for greenfield investments
- Orientation of institutions towards attracting and easier realization of investments:
- Fast issuance of approvals and consents as soon as possible
- Expert associate for legal issues and investment is available
Supporting Zavidovici Municipality’s commitment to attract foreign investment, please listen to a message from Dzeraldina Milicevic, Assistant Mayor of Zavidovici, who talked about the benefits and incentives that this Municipality provides to potential investors:
https://www.facebook.com/plugins/video.php?height=314&href=https%3A%2F%2Fwww.facebook.com%2Fstartupstudio.ba%2Fvideos%2F678037430111985%2F&show_text=false&width=560&t=0
The public call for grants is active in the following 18 municipalities and cities in Bosnia and Herzegovina:
Bihac, Bosanska Krupa, Cazin, Doboj, Gracanica, Gradacac, Jajce, Kljuc, Lopare, Ljubinje, Modrica, Novi Grad, Ravno, Tesanj, Usora, Velika Kladusa, Zavidovici and Zivinice.
Depending on which of the mentioned local communities the application is made for, it is possible to apply for a grant in the amount of 20,000 BAM to 60,000 BAM.
More information about the call, as well as the application procedure for grants, can be found at the following link: Available grant funds in the amount of 1.2 million BAM for investments from the diaspora
The Diaspora Investment Support Fund is financed by the Government of Switzerland and 18 municipalities and cities, and is implemented in cooperation with the Startup Studio.
