CASE STUDY

GER4TECH

Tax relief based on Investment promotion Act and investment study

Read more about our collaboration with an entrepreneur engaged in the production of autonomous mobile robots

Client's Challenge

The client had clear plans to expand their business and build a production facility for autonomous mobile robots. The investment is valued to 5 million EUR. Since the client had recently established the company and did not have the capacity in Croatia to research available support options, they decided to turn to us for help.

Additionally, the client needed an investment study with projections for a ten-year business period for a potential external investor.

Our Approach to the Task

Before formalizing the collaboration, we gathered as much specific information about the plans as possible, including a detailed cost estimate of the investment. After conducting research on options and determining the real potential for application, we agreed on the terms of collaboration and started intensive work on the project.

The best available option was chosen – tax incentives based on the Investment Promotion Act. We interpreted the provisions of the Act, provided opinions, warned of possible risks, reminded of deadlines, and communicated with the Ministry of Economy. The entire process of preparing documentation took one month, and the approval process took six months.

In the investment study, growth projections for a ten-year period were made based on the client’s feedback on past business, future plans and collaborations, as well as market conditions and assumptions for the future. The study was prepared in English, and the entire process of preparing documentation took one month.

Collaboration goals

Assist in creating an investment study for a ten-year business period

Ensure support for employment and the construction of a production facility for autonomous mobile robots

Results achieved

Created an investment study with projections for a ten-year business period for an external investor

Realized the right to use tax relief on profits

Type of service

  • Preparation of the investment study in English

  • Researching available support options

  • Preparation of the application for tax incentives

When a foreigner decides to invest in Croatia, he may not be aware of the complexities, steps, and misinformation involved. In all of this, navigating without the support of the Happtory team would be challenging. They have been with us from the very beginning, when we were just establishing the company; they helped us take advantage of the corporate tax relief; worked with us on preparing documentation for loans, and are there for all questions where we don’t know where to start. Happtory is our right hand in Croatia. We continue boldly forward!
Ivica Tomić, GER4TECH Robot Factory
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