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Why Kosovo?
Developing skills by collaborating in groups of talented people makes StartUp Kosovo the ideal starting-point your incredible business idea.
A Strategic place
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
City | Kilometers |
Skopje | 86 |
Sofia | 279 |
Thessaloniki | 329 |
Tirana | 256 |
Belgrade | 355 |
Durres | 262 |
Sarajevo | 390 |
Bari- Italy | 531 |
Zagreb | 741 |
Budapest | 747 |
Business Environment in Kosovo
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.
Liberal Trade Regime
Stabilization and Association Agreement (SAA) with European Union (EU) –is signed in October 2015 and is in power from 1st April 2016.
- Free Trade Agreement with EU (28 countries).
- A market above 500 million – third largest in the world with population, after China and India
CEFTA (2006)
- The Central European Free Trade Agreement (CEFTA) that includes 7 non-EU member states: Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Moldova, Montenegro and Serbia.
- Population: 21 million
Generalized System of Preferences (GSP) Program with US, Japan and Norway
Free Trade Agreement with Turkey (awaiting ratification from Kosovo)
Economic Stability
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.
