Serbia is a sovereign state, an orthodox country, situated at the crossroads between Western and Eastern empires, covering the southern part of the Pannonian Plain and the central Balkans. Serbia is a country on southeast Europe’s Balkan peninsula with vast northern plateaus and mountains with ski resorts to the south. Its capital is Belgrade was held successively by the Roman, Byzantine, Ottoman, and Austro-Hungarian empires.
People are friendly to foreigners, well educated, with knowledge of both English and Russian languages.
Living costs are low, especially out of Belgrade, with healthy organic food specialties, unique in the world.
Good infrastructure and geographic position makes it good choice for world travelers.
Weather is characterized by short winters, hot summers and mild springs and autumns.
Serbia has continued its path toward EU membership: EU negotiation process officially started,
ready for accession by 2020.

Serbia has regained its position as the top investment destination country in the world, measured by the number of jobs relative to the size of the population.*
*According to IBM Global Location Trends 2014 report, IBM Institute for Business Value

Serbia is the only country outside of the ex-USSR States that has a Free Trade Agreement with Russian Federation.

On WB Doing Business List, Serbia moved up by 32 places in 2016, and is now ranked 59th globally.

Belgrade was named a City of the Future in Southern Europe.
by Financial Times


Capital Belgrade
Capital population 1.65 million
Official languages Serbian
Ethnic groups (2011) 83% Serbs

4% Hungarians

2% Roma

2% Bosniaks

9% others

Government Unitary parliamentary
constitutional republic
Legislature National Assembly
Medieval state late 8th century
Kingdom/Serbian Empire 1217/1346
Fall of the Serbian Despotate under Otoman Empire 1459
Principality of Serbia 1815
De jure independence 1878
Unification 1912–18
Area 88,361km2
Population 2016 estimate 7,041,599
Total GDP (nominal) $37.740 billion (2016 est.)
Per capita $5,267
Currency Serbian dinar (RSD)
Time zone CET (UTC+1)

Why Serbia?

  1. Availability of High Quality Labor
    • 5 University centers across the country
    • Language Proficiency (Serbia was ranked 4th out of the 76 countries in Business English proficiency by BEI*. *Business English Index, Global English Corporation, 2012).
  2. Competitive Operating Costs
    • According to EUROSTAT, Serbia has the lowest costs of electricity, gas, other fuels and landline telephony among 37 European states.
    • 200-400€/m2 (Average Building Cost)
    • Average salary 400 EUR.
  3. Customs Free Access to 1.1bn Consumers
    • EU: 506.8mn Consumers, 66% of Total Exports
    • Russia, Kazakhstan, Belarus: 171.1mn Consumers, 5.9% of Total Exports
    • CEFTA: 20.1mn , Consumers, 18.6% of Total Exports
    • Turkey: 76.7mn Consumers, 1.9% of Total Exports
    • EFTA: 13.6mn Consumers, 0.9% of Total Exports
    • US: 321.4mn Consumers, 1.9% of Total Exports
  4. Political and Economic Stability
    Over the past 4 years Serbia took steps to further improve political and economic stability, since 2014, the Government of the Republic of Serbia has taken steps towards reducing the government debt, including greater fiscal responsibility, reform of the public administration, reform of the state-owned enterprises and an overall increase of the productivity in the public sector.
  5. Financial Benefits and Incentives
    • Cash Grants
    • Corporate Income Tax Relief. Tax holiday begins once the company starts making a profit.
    • Payroll Tax Incentives – up to 75% of on salary social security and taxes
    • Double Taxation Avoidance. Republic of Serbia has 54 effective double taxation agreements in place that cover income, capital and property, with most European countries, Russia, Ukraine, Belarus, Canada, UK and UAE etc.
      Free Trade Zones 14 = more than 200 Multinational companies = 20,000 employed = €5 billion turnover in 2015
  6. Optimal Geographic Location
    • By Car:
      Highway from Budapest through Belgrade towards Sofia, Istanbul and Thessaloniki.
      Highway from Germany through Austria, Slovenia, Croatia to Belgrade
      New highway is being built to Montenegro.
    • By boat:
      Danube, a waterway connecting Western and Central European countries with the countries of Southeastern and Eastern Europe.
    • By Plane:
      Nikola Tesla – Belgrade Airport – 20 minutes away from Belgrade downtown
      Montenegro < 45min
      Bucharest, Istanbul, Prague, Rome, Vienna, Zurich, Munich, Athens <1.5h
      Berlin, Dusseldorf, Frankfurt, Kiev, London, Paris, Amsterdam <2.5h
      Moscow, Dublin, Barcelona <3h
  7. No sanctions to Russian Federation, Orthodox country
  8. Company Taxation:
    • Corporate Tax 15 %
    • Dividend Tax 15%
    • Possible use of large double taxation agreements network with 54 countries.
  9. Personal taxes based on yearly worldwide income.(Data for 2015)
    • 0% for income bellow 18.000 EUR
    • 10% for income between 18.000 EUR and 53.000 EUR
    • 15% for more than 53.000 EUR
    • Deductions available up to 50% of taxes.
    • Possible use of large double taxation agreements network.
    • Must be submitted in mid of May in the year following fiscal year.
  10. Real Estate tax:
    • 0,3% – 2% Progressive and depending from location.
    • Usually not more than 0,4%.
    • Deductions available.
  11. Wealth Tax: 0%
  12. Inheritance and gift tax:  1,5% – 2,5%
    Deductions available in case of family inheritance.
  13. VAT tax: 20%

Many of big worldwide banking groups have recognized potential of Serbia. Some of them are: Banca Intesa, Unicredit, Erste, Halkbank – Turkey, Sberbank, VTB, Mirabank – UAE,  Addiko bank owed by US investment fund.

Services provided in Serbia

Residence by company formation
Residence by investment
Branch office formation
Company formation
Association formation
Endowment formation


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