Serbia is one of the most ideal places in the world for foreign investments. Its favorable geopolitical position and strong public policy exposure toward foreign investments are some of the factors that enable this. So, if you are exploring opportunities to enter the European markets, Serbia has a ton to offer.
Serbia welcomes foreign investors and entrepreneurs
Below are some more reasons why Serbia is an attractive location to invest in.
Strategic geographical location
Serbia borders the European Union and also offers the opportunity to enjoy all the advantages of working outside the European Union.
Legal residency in Serbia
Obtaining a legal residence permit in Serbia will open easy paths to setting up personal and corporate bank accounts in the country. Also, you will be free to move around the country.
Competitive tax rates
One of the main attractions of the Serbian market is the business-friendly tax rule. Corporate profit tax in Serbia is one of the lowest in Europe, and the Value Added Tax is among the most competitive in Central and Eastern Europe.
Banking sector
The banking sector in Serbia is well developed. Its central location makes the country a regional business center that welcomes foreign investors from different parts of the world.
Although for non-residents of Serbia, it will be a little difficult to set up a bank account it’s still possible to open a personal foreign bank account in Serbia with professional assistance.
Banking privacy is also available in Serbia to a large level.
Free zones
Free zones are part of the territory of Serbia, where service and business activities are conducted with preferential customs treatment, tax relaxation, and facilitated administrative procedures.
The advantages of doing business in Serbia‘s free zones are as follows:
- transport and other services which are directly associated with the entry of goods into the free zone, are considered to be zero-rated supplies
- supply of goods and services within the free zone is regarded to be zero-rated for VAT purposes
- exemption from specific local fees and taxes within a free zone is also available.
Serbian Endowment (fund-trust)
Endowment in Serbia is a variety of private funds and a common law trust. It is founded for personal or public interests. Non-residents of Serbia can use Endowments for asset insurance, tax planning, and wealth development. Ownership shares and other securities can also be kept there regardless of the country of their origin.
Qualified Workforce
The highly qualified workforce in Serbia is another attractive factor that makes Serbia an investment hub as the labor force in Serbia is highly educated and well trained with sufficient skills.
Access to the big and diverse market
Serbia sits at the crossroads between east and west, not only geographically, but also economically. And this allows potential investors to be right in between two worlds, two vast markets, in a country committed to taking the best from both worlds.
Simple processes for a company formation
A company in Serbia can be established in several days. It takes just a few days to prepare all the necessary documents and submit them to the Agency of business registers. The Agency registers the company usually in less than a week after submission. Also, a company can be registered in Serbia for less than 1 EUR (the legal requirement for basic capital for d.o.o.).
If you are planning to invest or open your company in Serbia, let’s go ahead and contact your Damalion expert now.
