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Serbia

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Corporate income tax rate of 15%, free trade agreement with the EU, Russia, Turkey and Belarus. Countries where investors can get exemption from paying VAT. Nobody here is talking about a tax haven in the Caribbean. We are talking about a hard-to-find „hidden tax haven“ within Europe. Welcome to Serbia, which is becoming the Balkan economic tiger.

Advantages of establishing a company and doing business in Serbia

  • Favorable labor costs and a qualified workforce
  • Free trade agreement with EU, Turkey, Belarus and bilateral free trade agreement with Russia
  • Corporate income tax rate: 15 %
  • Simpler bureaucracy, faster and less exhausting process of establishing a company

Disadvantages of doing business in Serbia

  • Corruption
  • The persistent interdependence of politics and business at the central and local level
  • Dispute resolution and law enforcement

For a long time, Serbia struggled with the consequences of the dramatic breakup of the former Yugoslavia. Now it is finally starting to take advantage of its strategic location, skilled yet cheap labor force, and series of free trade agreements.

By nominal value, it is now the 3rd largest economy of the former Yugoslavia and by purchasing power parity even the largest economy of this group of countries. Moreover, in recent years, Serbia has shown a permanent growth in GDP, which in the first quarter of this year amounted to a respectable 3.8% for Europe.

„Serbia has discovered that in the midst of every problem lies an opportunity.“

We offer you the opportunity and potential of a new market. Look into the future with us!

Serbia profiles itself as a jurisdiction with a low tax burden. It manages to attract large international companies thanks to the low tax burden and the support of business in the form of tax incentives and by simplifying the bureaucracy when setting up companies. The process of starting a company is much faster and less exhausting.

Let us set up a company for you in Serbia and we will save your money and your time.

The Serbian market is the largest in the Western Balkans region. In addition, it is an advantageous starting point for entering other markets of the region and the attractive market of the Middle East.

In the free zones of Serbia (currently 14 in total), investors can get exemption from paying VAT (building materials, energy, transport and fuel). Concessions are also offered if the company employs people who are registered with the local unemployment agency.

All of this profiles modern Serbia, which does not sabotage entrepreneurs, but on the contrary tries to support them.

Basic information

  • A Serbian LLC type company can be established by one shareholder and one director, who can be of any nationality as well as natural and legal persons.
  • The whole registration process usually takes about 3 weeks, depending on the participation of shareholders of other nationalities and the readiness of the documentation
  • No minimum capital required.
  • Foreigners can establish a company in Serbia, hold property, export products and invest in the country without any restrictions.
  • Serbia has a strong workforce with high qualifications and low costs.
  • Owning a company in Serbia allows for a great connection between Western Europe and the Middle East.
  • One of the problems that can discourage you from starting a company in Serbia is the fact that there is still a high level of corruption in Serbia.

Taxation

  • Serbia has one of the lowest tax rates in Europe, just 15 %.
  • Serbia has signed double taxation treaties with 54 countries.
  • Also keep in mind that there is an obligation to keep accounts.

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