The new amendments clarify the definition of a ‘start-up’ and expand the categories of organisations eligible for industrial park resident status. Under the changes, small and medium-sized enterprises, as well as start-ups founded by non-residents, will gain access to the incentives and infrastructure provided by industrial parks.
This measure is designed to attract foreign investment and stimulate technological innovation at a national level. At the same time, non-profit organisations are excluded from the category of potential industrial park residents.
These changes facilitate the transition from the business start-up phase to full resident status within industrial parks. By providing access to infrastructure, including for international start-ups, the state is enhancing the attractiveness and competitiveness of the business environment, according to the authors of the amendments.
State budget funds, as well as external funds or financing provided by donors and development partners, will be used to develop the infrastructure of industrial parks. However, administrative costs financed from the state budget may not exceed 5 per cent of the infrastructure development costs.
The new rules permit, in certain cases, the inclusion of agricultural land within the boundaries of industrial parks without changing its category.
The amendments will come into force 30 days after their official publication.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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