Developing skills by collaborating in groups of talented people makes StartUp Kosovo the ideal starting-point your incredible business idea.
Located in the heart of the Balkans, Kosovo offers an easy access in European Union (EU), through air, road, railway transport and three see ports, such as:
– Thessaloniki, Greece: 329.0 km
– Durres, Albania: 262 km
– Trivet, Montenegro: 299 km
The business environment in Kosovo is becoming one of the most competitive in the region.
Advantages such as an excellent tax system, abundant natural resources, quick and easy business registration, and transparent laws on foreign investment, make Kosovo an attractive and friendly environment for foreign investors. For companies looking to invest in a low cost location with easy access to the EU, Central European and Balkan markets, Kosovo represents a highly attractive option.
For the first time in Kosovo, an investor can register a business in 2 days, free of charge with zero chartered capital (for LLCs).
In the World Bank Doing Business indicator report, Kosovo is ranked in the 60th position in the world, by confirming a huge progress made by Kosovo in applying reforms and improvement country’s doing business environment.
Stabilization and Association Agreement (SAA) with European Union (EU) –is signed in October 2015 and is in power from 1st April 2016.
Generalized System of Preferences (GSP) Program with US, Japan and Norway
Free Trade Agreement with Turkey (awaiting ratification from Kosovo)
The real development of the country, measured by the gross domestic product (GDP), has been favorable the past years, showing a positive and continuously increasing trends, despite the effects of the international crisis.
The private sector consumption and investments are the most important factors behind economic growth. These investments are mainly being driven by the quickly expanding financial sector. Moreover. Kosovo’s Government runs a stable and forward-looking policy. The tax revenue base has been widened, thus enabling Government expenditures to increase and, in turn, support economic growth.
Kosovo runs a very stable monetary policy. Kosovo is one of the few countries outside the EU-zone that has introduced the Euro as its official currency. By eliminating the exchange rate risk, transaction costs have been reduced, facilitating the promotion of trade and investment. Due to the absence of monetary instruments resulting from the use of the Euro, Kosovo dose not run any monetary policy risk either. Prixes are expected to remain stable in the future.
The main advantages of the Kosovo labor force is its low operating cost. With the average monthly salary between 300 and 400 €.
The new fiscal package (from September 2015) is m aiming to stimulate formal economy
Tax Corporative Income: 10%
Personal Income Tax: 0 – 10 % (progressive)
Required Pension contribution: 5%
According to article 15 of the Law on Tax Corporative Income (no. 03/L-165), the allowed as a depreciation deduction for the tax period shall be defined by applying the following percentages to the capital accounts through discount balancing method:
Category 1: Buildings; five percent (5%)
Category 2: Vehicles and office equipment; twenty percent (20%)
Category 3: Heavy transportation machinery and vehicles; fifteen percent (15%)
Want to launch your startup in Kosovo? Need more information? Partnerships? Sponsorships? Something else? Get in touch!