Business Benefits

Easy Start-Up › Business registration is highly efficiently done at one place – with the Business Registration Agency. The registration procedure takes a maximum of 18 days, with the future possibility of an on-line registration.
According to the World Bank’s Doing Business report, Serbia also ranks higher than Europe and Central Asia average for issuing licenses, employing workers, getting credit, paying taxes, trading across borders, and closing a business.

Tax System › The VAT rates are as follows: The standard VAT rate - 18% (for most taxable supplies); The lower VAT rate - 8% (for basic food stuffs, daily newspapers, utilities etc.).
Corporate Profit Tax is paid at the uniform rate of 10%. Non-residents are taxed only based on their income generated in Serbia. The taxable base is profit determined by adjusting the accounting profit as stated in the profit and loss statement and in accordance with IFRS, accounting legislation, and the provisions of the Corporate Profit Tax Law.
Personal Income Tax rate is 12% for salaries, while other personal income is predominantly taxed at the rate of 20%.
Social Insurance Contributions are paid both by the employer and the employee. The base for calculation of social security contributions is the gross salary. The minimum base for contributions is 40% of the average monthly salary in Serbia, while the maximum base is 5 times the average monthly salary.
An increase in retail trade amounting to 6.5% reflects a rising purchasing power. In 2006, real net average salaries were up by 11.4% against the previous year. In tandem with strong household credit expansion in the banking sector, they fuelled massive local demand and private consumption.

 

Company Registration › Business registration is highly efficiently done at one place - the Business Registration Agency. The registration procedure takes maximum of 18 days and the total cost amounts to $335. The minimum capital to establish a company totals €10,000 or €25,000 for a Joint Stock Company, and €500 for a Limited Liability Company.

 

Investment Infrastructure › Using highly developed road connections, cost effective railroad, convenient air transport or utilizing 959 km of navigable rivers is simply your choice when employing Serbia as the logistics hub of Southern Europe.