Serbia has massive potential in industrial production in various verticals. Large plough field areas and present capacities for own. Guide for investing in serbia please read the guide for investing in serbia developed by our colleagues from the tax department. Invest works to unlock private investment a key way usaid can engage the. Introduction the visit to serbia in october 2010 of mohammad yunus, wellknown for receiving the nobel peace prize in 2006 for his work in developing the fundamentals of microcredit. Established on 28 february 2001 by the government of serbia, the agency promoted foreign direct investment fdi, and supported companies seeking to set up or expand their business operations in serbia. The serbia investment and export promotion agency siepa was created in 2001 by the government of the republic of serbia. We saw serbia as a country with good strategic position, adequate infrastructure and great human resource potential. It is the obligation of all of us to invest our best efforts in promoting peace, progress and a better life for our citizens. The serbia investment and export promotion agency abbr.
Republic of serbia, i will underline once again that reaching a political solution for the issue of kosovo and metohija is a national priority for serbia. Sava also canonized as a saint this gave the serbs a holy foundation for their empire. Parliamentary republic of serbia is located at south east europe, in the centre of the balkan peninsula. With this new policy, idb invest reaffirms its commitment to transparency in the exercise of its activities and strengthens its governance and responsibility, while reflecting the new access to information standards adopted by international financial institutions with emphasis on private sector issues. Fruit industry in serbia serbia investment and export promotion agency supported by united nations. In february 2008 kosovo unilaterally declared independence from serbia, which serbia vehemently opposes.
Invest in serbia siepaserbias fdi powerhouse location. Investment in the burgeoning serbian pharmaceutical sector is still in its infancy. Gci serbia investment unit services we represent elite in. Nonprofit organizations are exempt from income tax under conditions prescribed by law.
Types of securities traded in serbia in which foreign investors can invest include. Serbias approach and measures, though, have been aimed at stabilizing the situation and helping calm political passions and create conditions for overcoming differences through dialogue. It offers highly capable intellectual capital and customs free access to. Jovanka jovanovic, general manager of robert bosch serbia we saw serbia as a country with good strategic position, adequate infrastructure and great human resource potential. Serbia executive summary early parliamentary elections were held in march 2014. Rcm respondents counter memorial dated 31 march 2018, including. Serbia is located in the central part of the balkan peninsula, at the most important route for linking europe and asia intersection of pan european corridors no. The organic production of vegetable crops in serbia is in its early stages. Invest in serbia is the unique platform with aim to help those who want to invest, expand or outsource activities to serbia and southeastern europe. Serbia investment and export promotion agency investing in.
Please read the guide for investing in serbia developed by our colleagues from the tax department. Serbia continues to invest in construction and renovation of institutions. Serbia is the largest country in this part of europe, both in size and population. Premium juices have always used high quality serbian fruit as a basic ingredient, and now serbias own premium juice brands are one of the. Currently, the industry exports juices, concentrates, purees, jams, and frozen and dried fruit. Occupying an area of 88,361 km 2 location of serbia is considered as the crossroad of europe. Businesses based in serbia are able to provide services and transport goods in projected and flexible time frames. Serbia has the lowest corporate profit tax rate in europe, set at 10%.
Doing business in serbia is a complete and thorough handbook for performing business activities in serbia. We are also able to support your business anywhere you want on a global level through different costeffective knowledge services. Hungary, bulgaria, romania, fyr macedonia, albania, bosniaherzegovina, croatia, and montenegro. Serbias fruit processing industry is well developed and poised to lead export growth for the country. It seems, however, that russia does not have much to offer to serbias authorities. Invest year 2 annual report october 1, 2018 september 30. Beogradska berza is a stock exchange based in belgrade, serbia. The country is on the geographic borderline between the east and west.
Republic of srpska, near the borders with serbia and montenegro. If so, what is the business model for future growth. Investment incentives in serbia serbia investment and export promotion agency 3, vlajkoviceva st. A comprehensive overview of the businessrelated legislation, serbias macroeconomic performance, together with a complete list of useful contacts, makes this publication the best starting point for foreign companies doing business in. Feb 20, 2018 serbia is no longer a stop on a crossing road. In march 2014, the government opened a newly built institution for children and young people with. Invest in serbia siepa serbia s fdi powerhouse location. Siemens success stories prove that serbia in general is a very good place for a production location. Nemanja was the holy root that was considered the protector of serbia all of those that came after him were like saplings this idea can be seen in the paintings of family trees which appear in churches the one at pec actually depicts christ himself blessing the royal family. Filing and payment there are three different methods for tax. It offers highly capable intellectual capital and customs free access to the. Population 7,209,764 area 88,361 km2 capital belgrade population 1,6 million currency.
Belgrade, serbia global entrepreneurship lab 20172018 gabe klein dan crepps eric zuk turner holthaus can dermograph be profitable today and in the future. The climate of serbia is under the influences of the landmass of eurasia and atlantic ocean and mediterranean sea. Gci serbia investment unit services we represent elite. Our aim is to provide a vast number of opportunities for foreign investors looking for secure investment opportunities in europes emerging markets. Investment for serbia from international monetary fund imf for the international financial statistics ifs release. Serbia investment and export promotion agency serbia investment and export promotion agency 3, vlajkoviceva st. Serbian development agency serbian development agency ras offers a wide range of services on behalf of the government of the republic of serbia, including support of direct investments and export promotion, and leads the implementation of projects with the aim of improving serbias. Investing in the modernization of serbias fruit processing plants offers foreign investors an opportunity to create substantial cost savings in the industry and recover the cost of their investment quickly. Our mission is to support foreign companies seeking to set up or expand their business in serbia and serbian companies doing business abroad. In two years automotive products will become serbias top export item. Established on 28 february 2001 by the government of serbia, the agency promoted foreign direct investment fdi, and supported companies seeking to set up or expand their business operations in serbia it was shut down by the minister of economy sasa radulovic in 20. This guide aims to contribute to the development of serbias relations with investors as well as international business organizations by providing a concise document to help them with their investment decisions. Financial incentives to off set initial capital investments and ease the startup of business endeavours, the government of serbia off ers fi nancial support for greenfi eld and brownfi eld projects.
Productivity and quality of the qualified workforce who are motivated and adaptive, with long industrial culture provides an attractive basis for every foreign investor. Serbia investment and export promotion agency wikipedia. Attach files use this option to attach up to 5 files of your request. Apr 04, 2012 serbia is an internationally recognized leader in business reforms, as well as a proven investment location in the see. The research results are presented under the section results and discussion, while the conclusions and recommendations of authors are presented in the summary section. The longest is the danube, which flows for 588 of its 2,857kilometer course through serbia and meanders around the capital, belgrade, on its way to romania and the black sea. Serbia highlights 2020 page 4 of 7 foreign tax relief a tax credit is available for foreign tax paid, limited to the amount of serbian tax payable on the foreign income. Serbia investment and export promotion agency thank you for your attention.
The stock exchange was founded in 1894 in the kingdom of serbia, after the king proclaimed the stock exchange law of 1886. Endowed with natural beauty, serbia is rich in varied topography and climate. Serbia has grown into one of the premier investment locations in central and eastern europe. Reasons to invest in the project how will investors commercial interest be achieved, list motivating factors for investing in the project such as e. Serbia is an internationally recognized leader in business reforms, as well as a proven investment location in the see. The issue has been brought before the international court. Tax holiday begins once the company starts making a profi t. Invest year 2 annual report october 1, 2018 september 30, 2019. As business operations became more complex, the company opened an office in belgrade, serbia in 2007. About us invest is the result of cocreation and is driven by a research and learning mandate. Currently, the belgrade stock exchange is a full member of federation of euroasian stock exchanges feas and an. Long industrial tradition, quality and availability of highly skilled labor, at competitive labor costs. For the next four years, steadily grew, gradually developing more products such as able2doc, absolute server, and sonic pdf creator. Recently, pharmaceutical giant glaxosmithkline made a substantial investment in serbian pharmaceutical company hemofarm.
Without a doubt, you need to invest in serbia as soon as possible with investments like these, its important to understand the importance of striking when the iron is hot. Why invest in serbia development agency of serbia serbian development agency razvojna agencija srbije razvojna agencija srbije serbian development agency. The characteristics of foreign direct investments in serbia 3 issue 6 october 2011 improving the operation of companies and technology transfer. The financial market in serbia is regulated predominantly by the law on the capital markets. Invest is a flexible buyin mechanism that was designed to address the challenges that make it difficult for usaid to work alongside the investment community. The international roads and railways together with rivers represent. Its an issue that has a huge effect on our economy, but also on a clear future of the young people both in serbia and in the entire region. It is the obligation of all of us to invest our best efforts in promoting peace, progress and a. Invest serbia is a group of individuals formed with a view of attracting and executing investments in the republic of serbia.
Russia in serbia soft power and hard interests marta szpala russian president vladimir putins visit to serbia on 16 october has demonstrated moscows willingness to secure its interests in the balkans and use belgrade in its confrontation with the west. Rogatica are suitable for the initiation of machine or another production and for storage. Being at a unique position in the european market, serbia offers diverse possibilities and, above all, high quality workmanship. A list of leading foreign investors is topped by worldclass companies and banks such as fiat, telenor, stada, michelin, cocacola, microsoft, gazprom, intesa sanpaolo, siemens, he steel group etc. Serbias treasured positioning in the heart of see makes it an outstanding investment location. The characteristics of foreign direct investments in serbia. This page provides forecast and historical data, charts, statistics, news and updates for serbia investment.
Silvia vernetti blina, director fca serbia 7 why invest in serbia. Also, this type of investment can solve the problem of survival of domestic firms that are dealing with bankruptcy. Serbia investment day 29 october 20 the andaz liverpool street hotel, london 09. Project goal current state dermograph is a beloved, highmargin product, but sales and pricing strategy needs to be addressed. The serbian investment and export promotion agency is a government agency whose mission is to attract, facilitate and support the inflow of foreign direct investment into serbia and to promote serbian exports. Other vegetable crops are also widely grown spinach, carrots, zucchini, radish, red radish, horseradish, parsley, parsnip and celery. Our decision to invest in serbia was based on a high confidence to find a very motivated and skilled workforce, to have optimal logistics conditions from and to the other european countries, to develop an intense cooperation with technical high. Geostrategic position at the crossroads of paneuropean corridors 7 and 10, a major link between europe and asia. Many investment opportunities exist for companies looking to grow their product portfolios, expand into new markets or simply reduce manufacturing costs. Investinserbia is the unique platform with aim to help those who want to invest, expand or outsource activities to serbia and southeastern europe. Ne strategic location bulgaria is located at the crossroad of europe and asia bulgaria is in the center of the south east europe market a high growth market with 122 mn inhabitants bulgaria is a suitable export base for serving the region, the eu, russia and cis, the middle east and africa. However, serbia still has qualified labor with valuable experience, fertile soils and quality fruit.
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