Acting Director of the Republic of Srpska Investment Development Bank, Dražen Vrhovac, said that this Bank was working hard internationally on promoting the Republic of Srpska’s potential with significant support from the President of the Republic of Srpska Milorad Dodik and the Government of the Republic of Srpska.

‘I am very satisfied with our positioning and completing the set plan in the past months. Two and a half years ago, when we started promoting the Republic of Srpska, we were at zero, and today our portfolio contains more than 260 companies with which we have active cooperation,’ said Vrhovac.

He noted that the Republic of Srpska’s tax policy was very stimulating in this sense, as well as its position on the border with the European Union. ‘Considering the EU’s high taxes on both corporate income and dividends, we are very autonomous there with our tax policy, which provides for zero on dividends and 10 percent on corporate income tax, which is very attractive for investors bearing in mind Srpska’s position, where they have access to the European market with a population of more than 640 million,’ stated Vrhovac.

He added that the RSIDB was preparing for the Invest Forum, to be held together with the Invest Srpska investment conference in November on Jahorina, where they expected an even higher company turnout, and recalled that 70 companies from 22 countries had attended the last year’s conference in Banja Luka. ‘Companies around the world have seen in us a credible partner they can trust, given that we are state-owned and that offers them security in their investments. We built mutual trust and succeeded in making investors feel welcome in the Republic of Srpska. We connect them with Srpska’s institutions, the president and the prime minister, who provide them with support in the implementation of their investment,’ said Vrhovac.

He concluded that the RSIDB continued activities that would contribute to promoting the Republic of Srpska as a good and safe place to invest, and thanked the President of the Republic, the Prime Minister and the Government of Srpska for their support in this work.

Source and photo: Republic of Srpska Investment Development Bank