Thinking about investing in Serbia? Here are some facts you should know.

By investing in Serbia you can benefit from its geographical location, duties-free export to the countries of South-East Europe, Turkey, USA, Kazakhstan and Russia, penetrate on a market with a million of citizens and enjoy the 15% turnover tax as well as the cheap workforce.

Please feel free to contact Taxofia for additional information (info@taxofia.com)

Legislation for foreign investments

The existing legislation does not differentiate between local and foreign investors since investments in Serbia are seen as an activity that contributes greatly to the development of the country. There are, however, some changes that took place:

• The first change concerns social security contributions: employers have the right to recover up to 75% of the contributions paid to the employees. Furthermore, taxes for calculating and paying the contributions have been lowered: compulsory health insurance has lowered from 12.3% to 10.3%.
• Other changes concern mostly municipalities and communities, that are competing among themselves by offering various advantages for companies to settle and employ their workforce. Additionally, it is important to know that numerous free zones have been made where tax rates are significantly reduced. In 2017 the RAS (Serbian Development Agency) replaced the SIEPA and took over the important role of accompanying foreign investors.

Feel free to contact us on 0038631679430 to have more information about investing in Serbia!