5 reasons to start a business in Serbia!

Serbia is the new destination for entrepreneurs.

1. Geographical location: it is located in the center of the free-trade area of South East Europe and therefore offers free access to the market that includes 30 million people with the free trade agreement with Russia and Turkey.

2. It’s fast: starting a business in Serbia is considerably less complicated compared to the rest of Europe – there is less bureaucracy, fewer documents are required and it is much faster.

3. It costs less: thanks to lower costs of accountancy, bank services, offices, and stores rentals starting a company in Serbia is quite economic.

4. Favorable taxation: the income tax for companies is the second lowest in Europe, while VAT and the taxes on wages and social security contributions are among the most competitive in Central and East Europe. Additionally, Serbia offers a 10-year suspension on companies’ income tax in case of large investments.

5. Favorable politics that offers numerous tax and financial incentives for foreign entrepreneurs that decide to invest in Serbia. Moreover, Serbia has a highly favorable tax regime.

Starting a business in Serbia is a great opportunity for companies and entrepreneurs that would like to internationalize their business. An expert in this subject can help you through all steps – from start to enterprising. Feel free to contact us!  Write an e-mail to info@taxofia.com