Serbia, your next business destination
In the highly dynamic and interconnected world of global business having paradigms of economic power being drawn and redrawn relentlessly, with reduced appetence for risk exposure and propensity to invest, Serbia has succeeded in maintaining its position as one of the leading foreign direct investment recipients in the world, proving that an unremitting desire to seek performance, improvements and productivity gains doubled by a sound economic policy is still the script for success and profitability.
„Serbia tops the Greenfield FDI Performance Index 2019 The south-east European country is ranked number one in the annual study by fDi Intelligence, a Financial Times.“
Well-developed business environment and openness to foreign investment, Serbia is definitely a business destination to bear in mind for any enterprise considering international projects.
„U.S. investors in Serbia are generally positive, highlighting the country’s strategic location, well-educated and affordable labor force, excellent English language skills, investment incentives, and free trade arrangements with key markets, particularly the EU. Generally, U.S. investors enjoy a level playing field with their Serbian and foreign competitors.“ U.S.
Department of State,2019 Investment Climate Statements”
Why invest in Serbia?
- Stability – Serbia has achieved and maintained full price stability, exchange rate stability and financial stability, as well as political stability.
Human resources – besides its high levels of English speakers, Serbia ranks 27th out of 157 countries in the World Bank’s Human Capital Index, the highest in the Balkan region.
Financial Benefits and Incentives – in the past two years, the Serbian government hasincreased financial incentives, for example, special tax relief for large investments, applying double deduction tax for every euro spent on R&D by a company in Serbia, and by offering a 30% tax credit for investments in start-up companies engaged in tech innovation.
Competitive banking sector – The banking sector in Serbia certainly comes under thecategory of one of the most stable, most developed, adequately capitalized and well-controlled segments of the national economy.„The European Commission has put Serbia on the list of third countries whose supervisory and regulatory arrangements in the banking sector are equivalent to the corresponding rules applied in the European Union (EU),the Commission said in a notice published in the Official Journal of the European Union.“
Customs Free Access to 1.1bn Consumers – Serbia can serve as a manufacturing hub for duty-free exports to a market of almost 1.1bn people that includes the European Union, Russia, Belarus, Kazakhstan, Turkey, Southeast Europe, the European Free Trade Agreement members, and the USA.
The best sector to invest now in Serbia
IT – Serbia’s technology cluster is gaining momentum and attracting FDI, for both its software and hardware expertise. Leading global technology companies including Microsoft, IBM, Schneider Electric, SKF Group, Adobe, Oracle, Google, HP, SAP, Siemens, Cisco and Ericsson have set up operations in the country or licensed outsourcing services to local firms.
Serbia has been recognized as the top investment destination country and lots of successful foreign companies recognize Serbia as a good market for the re-location of their business.
WTS and Alpha Partners team, offer a range of business support, from helping you to start a new business to create solutions as unique as your business. We combine the highest legal expertise with profound knowledge of the economic interests of our client.
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