North Macedonia · Tetovo · Public-Private Partnership

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Normak Investment Group manages TIDZ Tetovo — North Macedonia's first Green Technological Industrial Development Zone — through a Public-Private Partnership with the Government. World-class infrastructure. Exceptional tax incentives. Complete investor support.

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95
Hectares Zone Area
€30M+
Normak Investment
€40M+
Investor Capital
10yr
Tax Holiday
99yr
Max Land Lease
Normak Investment Group Headquarters, Tetovo
2013
Established
About Normak

A Norwegian Vision,
A Macedonian Achievement

Normak Investment Group JSC Tetovo — a 100% subsidiary of Normak Investment Group AS, Norway — signed a landmark Public-Private Partnership Agreement with the Government of North Macedonia on April 5, 2013, to develop, finance, and manage TIDZ Tetovo.

🤝 Public-Private Partnership

Exclusive PPP with the Government for full management of TIDZ Tetovo

🏭 Turnkey Factory Build

Normak finances and constructs factories end-to-end for investors

🌱 First Green TIDZ

North Macedonia's first environmentally certified industrial zone

🎓 Skilled Workforce

MoU with universities, Employment Agency & SEEU Skills Center

TIDZ Tetovo

The Zone Built for
Global Industry

95 hectares of prime industrial land at the crossroads of European Transport Corridors 8 and 10. The only TIDZ in North Macedonia managed via a Public-Private Partnership.

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95 Hectares Total

Flexible plot sizes tailored to each investor's production needs

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Corridors 8 & 10

Prime access to the two main European transport corridors

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First Green TIDZ

Environmentally certified — the first of its kind in North Macedonia

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Ready Infrastructure

Roads, electricity, water, sewerage — all fully in place

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Factory Construction

Normak builds turnkey factories, removing all construction burden from investors

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Lease up to 99 Years

Long-term concessionary land lease ensuring maximum operational security

TIDZ Tetovo is one of 14 strategically located free economic zones in North Macedonia, and the only one managed through a Public-Private Partnership model. Normak provides investors with not just industrial land, but a complete service — from administrative support to factory construction and full documentation management until production begins.

🎓 Academic & Workforce Partners

— Employment Agency of R.N. Macedonia
— Faculty of South-East Europe, Tetovo
— State University of Tetovo
— SEEU Skills Center

"Normak provides complete financing and construction of investor factories — handling all administrative procedures and documentation until the investor starts production."

Investor Benefits

Unparalleled Fiscal Incentives

Defined by the Law on Technological Industrial Development Zones — a comprehensive package of fiscal and non-fiscal benefits for every investor in TIDZ Tetovo.

01
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10-Year Corporate Tax Holiday

Full exemption from income tax and corporate profit tax for 10 years from commencement of operations in the zone.

02
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100% Personal Income Tax Reduction

Full reduction in personal income tax on employee salaries for up to 10 years from start of operations.

03
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VAT & Customs Exemption

Exempt from VAT on imports and zone trade. Zero customs duties on equipment, machinery, and spare parts imported for production.

04
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Up to 50–70% Investment Cost Subsidy

Government subsidy of up to 50% of investment costs in new machinery, equipment and facilities (up to 70% for small, 60% for medium enterprises).

05
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Free Utility Connections

Free connection to water and sewerage networks. Full exemption from utility connection fees for all investors in the zone.

06
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Long-Term Land Lease — up to 99 Years

Industrial land available under long-term lease for up to 99 years at concessionary prices, providing maximum operational security.

Why North Macedonia?

A Strategic Hub for European Business

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Strategic Location

Crossroads of EU Corridors 8 & 10, connecting East and West European markets

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Low Corporate Tax

10% profit tax — among the world's lowest — plus 10-year TIDZ tax exemption on top

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Free Trade Agreements

SAA (EU), EFTA, CEFTA and bilateral FTAs with Turkey & Ukraine — wide market access

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Competitive Labour

Highly skilled workforce at one of the most competitive labour costs in SEE Europe

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NATO & EU Candidate

Full NATO member since 2020. EU candidate country with ongoing regulatory alignment

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4-Hour Registration

One-stop-shop system enabling full company registration within 4 hours

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Stable Economy

Low inflation, stable currency, transparent monetary environment in the region

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Investment Protection

Bilateral investment protection treaties and double taxation avoidance with key partners

Free Trade Access to Global Markets

🇪🇺 EU — SAA 🇨🇭🇳🇴🇮🇸🇱🇮 EFTA 🇹🇷 Turkey 🇦🇱 Albania 🇷🇸 Serbia 🇧🇦 Bosnia & Herzegovina 🇲🇪 Montenegro 🇽🇰 Kosovo 🇲🇩 Moldova 🇺🇦 Ukraine
Current Investors

Global Leaders Choose
TIDZ Tetovo

Leading international companies from America, Germany, and Turkey have established operations in TIDZ Tetovo — creating thousands of jobs and driving exports.

🇺🇸 United States of America
LEAR
🇺🇸
Automotive Seating & E-Systems

Lear Corporation is a Fortune 500 global leader in automotive seating and electrical distribution systems, present in 36 countries with ~140,000 employees. Its Tetovo plant manufactures premium automotive seat covers for top brands including Jaguar and Land Rover, exporting €45–50M annually.

€15M+
Investment
1,900+
Employees
12,000 m²
Factory
Since 2016
In Tetovo
🇩🇪 Germany
KIEL
🇩🇪
Transit Passenger Seating

Franz Kiel GmbH is a world leader in innovative transit seats for buses, coaches, and trains, with production in Germany, USA, Poland, Netherlands, Turkey, and North Macedonia. In Tetovo since 2017, Kiel's success led to a second major investment in 2024 — a complete train seat manufacturing center.

€9.2M
2nd Investment
170+
Employees
32,889 m²
Plot Size
Since 2017
In Tetovo
🇹🇷 Turkey
CAVO
🇹🇷
Automotive Safety Systems

CAVO is a Turkish manufacturer of automotive safety products, command cables, and mechanism systems, based in Kocaeli, Turkey. The company supplies precision-engineered cable and safety components to major global automotive OEMs across 40+ countries. CAVO's investment in TIDZ Tetovo is currently in preparation.

🆕
Newest Investor
40+
Export Markets
🔄 Investment in Preparation
Get In Touch

Ready to Invest in
TIDZ Tetovo?

Our team guides you through every step — from site selection and factory design to administrative approvals and the start of production.

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Address

Skopski Pat 1, TIDZ Tetovo
1200 Tetovo, R.N. Macedonia

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🌐
📱
Send Us a Message
Normak Investment Group Headquarters, TIDZ Tetovo