Serbia is a friendly country for foreigners who either want to set up a company there or for those who want to live and work. With respect to this, these foreigners need to obtain a Residence permit in order to carry out the activities of their chosen (work and live or investment)
Who are the residents of Serbia
Residents of Serbia are individuals who reside or have a business and personal interests in the territory of Serbia, or individuals who spend in a single stretch or in periods, of at least 180 days or more per year in Serbia.
Advantages of owning a Serbia Residence permit
- The Serbian residence permit guarantees you can legally stay in this country, without any other limitations.
- Such a document enables you to open a bank account for personal use.
- Foreign families in Serbia can easily access the healthcare and education system if they have a Residence permit in this country.
- Residents of Serbia enjoy very favourable company and personal tax systems.
How to obtain a Residence permit in Serbia
By company formation
A Serbia residence permit will be granted to foreigners who want to start a company in this country. The company can be in form of a sole trader, also it is not mandatory to invest in order to get the residence permit.
To get a Serbian residence permit, foreigners are not mandated to stay in Serbia for the duration of the residence process. All that is required is to come to Serbia 2 times and within 30 days of the process initiation and the Serbian residence permit will be granted easily as long as some specific requirements are followed.
Foreigners will also become tax residents in Serbia a year after the Serbian residency is approved.
If you become a resident of Serbia, you will be fully protected from any kind of data exchange.
Procedure and Requirements to get a Serbia Residence permit
To be granted the Serbian residence permit, the applicant is required to run a Serbian company or an offshore company branch in Serbia.
Alternatively, if the foreigner is appointed a director/shareholder of an LLC, he/she will be allowed to apply for a Serbian residency and can become a resident of Serbia.
To obtain and secure Serbian residency, the following documents are required:
- valid passport
- reasons why you wish to stay in the country,
- details about financial funds,
- health insurance,
- the white card registration,
- visa application forms offered by the authorities.
To acquire and secure Serbian residency, an applicant must also retain a Serbian address.
To get the residence permit, two visits to Serbia are all that it required – first to pick up a “White Card” and to file application, second to pick up the permit in 30 to 35 working days.
After holding residency for at least 5 years, permanent residency can be acquired.
After residency is granted to the applicant, application procedures for the applicant’s immediate family members can then commence, taking an extra 45 working days for them to obtain Serbian residency.
Working license
Once the Serbia residence permit is given, the applicant can apply for a work permit.
To get a work permit in Serbia, the following documents are required:
- Residence permit
- Certificate copy (original version, and second version translated into Serbian: notarized and apostilled by a notary)
- Certificate from Serbian Business Registration Agency
- Curriculum vitae: (translated into English)
If you are interested in obtaining a residence permit in Serbia, contact your Damalion expert now.
