The provisions of the Law on Foreigners regulate the requirements and processes for issuing a temporary residence permit, extending the validity of temporary residence, and the reasons for canceling temporary residence in the Republic of Serbia.
Temporary residence is a residence permit for a foreigner in the Republic of Serbia, granted to a foreigner who plans on staying in the Republic of Serbia for over 90 days.
Pros of Serbian Residence Program
- No requirement to speak the Serbian language
- Permanent residency can be attained in 5 years
- Residency via the ownership of Serbian property has no minimum investment
- The process is relatively simple
- Only two visits to Serbia mandated to get the permit
- Serbia has a very favorable company and personal tax systems
- Straight and fast personal bank account opening
- Availability of high-quality and not expensive labor
Criteria for getting the Serbian permit
Investment: foreigners who invest in the already registered company in Serbia, or in business activity by way of investing in tangible and intangible assets, can apply for the permit
Entrepreneurship: being an entrepreneur in Serbia also presents the legitimate ground for applying for a temporary residence permit.
Essential documentation to be a Serbian permit
When applying for a temporary residence permit in Serbia for the first time, the foreigner must submit to the Serbian Ministry of Internal Affairs, in addition to the documents specified by the Law on Foreign Citizens, and bylaws, the following;
- valid passport,
- information of adequate funds during the intended period of stay,
- registration of residential address in Serbia,
They also need to prove that:
- They have enough funds to sustain themselves, and
- They have credible health insurance.
Applicant must also prepare the following document:
- Confirmation of ownership of funds on the non-resident bank account registered in Serbia in the amount of at least EUR 50,000.
The temporary residence permit period
The First Temporary residence permit would be issued for a period of 6 months but may also be approved for up to one year. Depending on the reasons for stay and existing reasons for upholding temporary residence, it may be extended for the same duration.
Work permit
For the investors, a Serbia work permit can also be obtained in accordance with the Law on Employment of Foreigners, in Serbia.
The process for obtaining a residence permit in Serbia is quite simple, and the residence permit is the primary way to obtain Serbian citizenship.
For assistance in obtaining a Serbian residence permit, let’s go ahead and contact your Damalion expert now.
