Subsidies for investments in spas – State to cover up to 70% of justifiable costs

Investors prepared to invest in hotels in local self-governments in spa areas can count on incentives from the Ministry of Economy, as the Government of Serbia has adopted a decree regulating the allocation of incentives for this purpose, Minister Goran Knezevic stated on Saturday, March 10, 2018.

– Our spas have the potential to develop and be interesting to tourists, but they need investments for this. As a state, we are ready to support investors that recognize the potential and that are ready to invest in hotels in spas – Knezevic told Tanjug.

According to him, the investments the state would support need to contribute to the development of the existing spas, but also to designating new spa areas, because, as he added, there are plenty of unused thermal and mineral water springs in Serbia.

According to the decree adopted on March 8, 2018, the Ministry of Economy opted to support investment projects in the sector of hotel accommodation services in spa areas the minimum value of which is EUR 2 million and through which the permanent employment of at least 70 new workers is being secured.

Investors can count on incentives in the amount of up to 50% of justifiable costs for large companies, 60% for medium ones and 70% for small companies which would invest in hotels in spas.

The new decree on the terms and the manner of attracting direct investments defines the terms and the manner of attracting incentives for investments of special significance and projects which lead to the employment of more than 100 new workers, but also projects leading to the employment of up to 100 new people.

The allocation of incentives in the sector of hotel accommodation services in spas is one of the most important new features. When it comes to sectors in which incentives cannot be used, the list has been expanded to include the financing of projects in energy, transport, fishery, utility sector, gambling, tobacco and tobacco products, arms and ammunition...

Ministarstvo privrede Republike Srbije

Vlada Republike Srbije

Ministry of Economy

Government of Serbia

Goran Knezevic

spas in Serbia

decree on the terms and the manner of attracting direct investments

subsidies for investments in spas

investments in spas

investing in spas

spa capacities

hotels in spas