Why Serbia | Doing Business in 100 Countries | Where to Invest after the Recession
Serbia has straddled East and West, not only in a geographical sense, but also politically and culturally. At first, Serbia found itself between the Byzantine and Roman empires, then it became a frontier between the Ottoman Empire and Europe. This has led to constant migrations and the mixing of populations.
The Serbs came to Balkan, along with other South Slavic tribes, in the Great Migrations during the 6th and 7th century,
Serbia is the home to around 40 different nationalities, while each of them made their own mark on the population’s collective spirit.
The Serbian people’s greatest contributions to science, art and culture were made by the individuals included on the a of the 100 most famous Serbs.
The Republic of Serbia has a modern industry that follows the model of the free market. The largest sector of the Serbian industry is the tertiary (service) sector, with 63.8% of GDP. Then follows the secondary (industrial) sector with 23.5% of GDP) and primary (agricultural) sector with 12.7% of the GDP.
More than half of the overall export-import exchange Serbia conducts with the countries of the EU. First on the list of exported goods is corn, then sugar and after that comes the most exported item – the raspberries.
As one of the favored destinations in Europe for large manufacturing projects (food, beverages, tobacco, petroleum products, metal products, motor vehicles and other transport equipment, machinery and equipment etc.), Serbia drove FDI (Direct foreign investment) in manufacturing facilities (51 projects, up 76%).
FDI created 10,631 jobs in the country in 2015 (108% percentage change compared to the year 2014), which ranked 9th in Europe for FDI job creation.
Serbian Residency Summarized
To be granted with Serbian residency, an applicant is required to run a Serbian company, or an offshore company branch in Serbia.
The annual company related fees start at EUR 1,500, including registered office, book-keeping, VAT and tax statements, and auditing.
To obtain and secure Serbian residency, an applicant must further retain a Serbian address. For an annual all-in rental fee of EUR 2,000, an apartment located in Belgrade is provided and managed upon request.
Please note that the main applicant receives Serbian residency after around 45 days. After residency is granted to main applicant, application procedures for the immediate family members commence, taking an additional 45 working days for them to receive Serbian residency.
After holding residency for at least 5 years, permanent residency can be obtained.
Benefits of Serbia Residency Program:
Serbia has the cheapest taxation in Europe with only 10%.
Tax policies are flexible and non-restrictive.
No double taxation in Serbia
Visa-free travel to more than 130 countries around the world, including EU Schengen states, UK, Switzerland, Russian Federation, Hong Kong, Brazil, Australia, Singapore, Malaysia, India and Iran.
E-2 and E-1 treaty “Investor Visa” signed between Serbia and the United States allows citizens of Serbia to operate a substantial business in the U.S. and reside therein
Serbian real estate market offers stable investment opportunities with reasonable returns.
Serbia is an official future candidate for EU membership and a full member of UN and WTO organizations.
Serbian Citizenship Program is the cheapest Citizenship Program in Europe.
Cheap cost of living and a first-class healthcare system.
Perfect for building a new business. Serbian citizenship gives you the possibility to expand your given business or take advantage of new business and investment opportunities in the EU.
If 51% of your products are produced in Serbia, you can export them to Russia and Europe free of tax!
Features of the Serbian Residency:
Practical “No stay” requirement.
No requirement to speak the Serbian language.
Permanent residency can be obtained in 5 years.
Residency via the incorporation of a Serbian company, or via an offshore company branch in Serbia or buy purchasing real estate with no minimum investment.
Simple procedure based on strict laws.
Only 2 visits to Serbia required.
Very favorable company and personal tax systems.
No CRS (Serbia did not sign CRS).
Straight and fast bank account opening (as fast as 7 – 10 days).
Serbia has free trade and custom free agreements with the EU, Russia, Turkey etc. (total of 1.1bn consumers).
Availability of high-quality and not expensive labor.
Very competitive operating costs.