Advantages of investing in Serbia
- Place of the biggest Greenfield investments in the south-east Europe (according to OECD)
- Democratic country with the fastest reforms in the world according to the 2006 World Bank report
- State incentives for investment projects - from 2,000 to €10,000 for each new workplace
- Foreign investors have the same treatment in the tax legislature as the domestic ones
$13.5 billion - total inflow FDI from 2001 -2007 employing app. 250,000 people - Lowest profit tax in Europe - 10%
- Lowest VAT in the region: 8% and 18%
- 10 years tax free for big investments (~7,5 million Euros and >100 employees)
- Tax loan: reduction of income tax for 20 to 80% values of investment into basic means
- Import free from customs duties for raw material, semi products, components and equipment
- It is possible to export from Serbia duty free to the markets of South-East Europe and Russia (180 mil consumers)
- Exchange with the USA is realized according to privileged trade conditions
- Exchange with the EU is realized according to privileged trade conditions, reduction of customs duties since 1 February 2010
Favorable geo-strategic position of Serbia
- Located in the South-East Europe, in the center of the Balkan peninsula, on the crossroad of Pan-European corridors 7 and 10, which connect Europe and Asia
- Time zone GMT + 1
Potentials
- 7.5 mil potential consumers in Serbia
- 180 mil potential consumers in SEE and Russia, duty-free approach
- 700,000 citizens with higher education
Economic information
- National currency - Serbian dinar (RSD), inflation 8% (2009)
- GDP per capita $ 5,476 growth rate 7.5 % (2007)
- 531.90 EUR per month - average gross salary (December 2009)