Serbia’s friendly neutrality: a perfect environment for international business
Nonalignment policies allow Serbia to keep its national character and act in the interests of its people. Even though it is a small landlocked Balkan country, Serbia never falls for any provocations building friendly relationships with the EU, Russia, China, and the USA.
It may look surprising to some but these policies do not lead to economic disorders nor political problems. The opposite is true, in fact: Serbia receives the largest part of foreign direct investments in the region. Its economy demonstrates stable growth and new international corporations arriving to the country create new jobs. The average salary in Serbia is steadily rising.
Serbia is certainly lucky to have a unique geographic position. It serves as a linking point between the west and the east, between European and Oriental countries. Large players in the world economy such as the EU, Russia, China, and the USA are interested in maintaining warm relationships with this small country. Serbia is open to everybody: it has made a great number of free trade agreements and establishing a business there can be lucrative indeed. By registering a company in Serbia, you can bring your business to the truly international level. With our assistance, this is going to require very little effort and only small expenditures on your part.
What is so attractive about Serbia? What makes both European and Chinese giant corporations bring billions of euros and dollars to the country? What makes small business companies establish presence in Serbia? We can give several simple answers to these questions.
Business advantages of Serbia
We have mentioned the first advantage above: Serbia is open for cooperation with various countries and blocks. It is able to withstand pressure from different sides as it calmly develops stable working relationships with the EU in the first place as it is Serbia major partner but also with China, Russia, the USA, and other states.
The second advantage is the low cost of company establishment and maintenance in Serbia. It is going to cost you as little as 2,400 EUR per year to sustain a Serbian-registered company. This includes the rent of the company legal address and accounting services, both of which are mandatory in the country.
The prices of electricity, natural gas, and other utilities are also lower in Serbia than in the rest of Europe. The average salary in the country has increased from 400 to 500 EUR per month over the last two years.
The third point is that you can open a business company in Serbia from wherever you are on the planet. If you apply for our services, we can register a company in Serbia for you remotely. What you will have to do is supply the required document package (which is not large at all) and issue a limited Power of Attorney that will authorize us to act on your behalf to register the company.
In addition, Serbia offers two opportunities that make it especially attractive for international business people. First, it is the possibility to open a Serbian branch of a company located somewhere else even if it is a classical offshore zone. This will allow establishing an account in a local, that is, European bank for the branch. If you have a company that is registered in an offshore jurisdiction, you know about all the difficulties that you have to face. Now, if you set up a branch in Serbia, you can establish legal presence in Europe for your offshore company. In our opinion, this sounds like a chance that should not be missed.
Secondly, Serbian-registered companies have no trouble opening corporate bank accounts with the local banks. Besides, there are several international banks that have branches in Serbia and they will gladly open accounts for resident companies as well. It is possible to set up a corporate bank account for a foreign company in Serbia too. However, doing that for a local company is going to work out much simpler and faster.
Serbian banks have gone a long way since Yugoslavia disintegrated. Today, they have acquired vast experience in international financial operations including import-export deals and trade financing. The increasing number of international corporations that are coming to Serbia only enhances the bankers’ skills.
A foreign business in Serbia will also benefit from over fifty double taxation avoidance agreements that Serbia has signed with other national states. In addition to that, the large number of free trade agreements that is has made will give you duty-free access to the markets with the total population of over 1.1 billion potential customers.
There is one more tempting opportunity that you can use via establishing a company in Serbia. Business investments into Serbia allow acquiring legal residency in the country. This status will bring many advantages to you including the ease of opening bank accounts in the country. For example, setting up a corporate account in Serbia is going to take not more than a week if you are a legal resident in the country.
You should also bear in mind the fact that Serbia is an official candidate for EU membership. Legal residency in the country for several years will lead to full Serbian citizenship. And Serbian citizens are going to become EU citizens in the near future. Need we explain what this means?
There are also fourteen Free Economic Zones (FEZ) in Serbia. The companies residing in these Zones are exempted from the 20% VAT as well as customs duties. Establishing a company in a Serbian FEZ will be especially lucrative for some types of corporations, for example, manufacturing enterprises. As is the case with any other business company in Serbia, a FEZ company can be established remotely.
Such huge corporations as Ariston from Europe and Linglong (car tyre manufacture) from China have already opened plants in Serbia. KfW, a large German bank is investing into infrastructure development projects and the construction of car parts manufacture and repair facilities. Many other international investors are putting money into Serbia.
We are talking about billions of euros and dollars here. The Serbian authorities (almost) lean over backwards to attract foreign capital to the country. They offer various incentives and bonuses to foreign investors. This does not concern only large corporations: small companies can also make use of the favorable business conditions that are found in Serbia.
Thus, if you are looking for a friendly and stable jurisdiction that has a large network of international partner relationships all around the world, a beneficial taxation system, and wonderful perspectives, do take a good look at Serbia.
We will be happy to assist you in opening a new company or a branch of your existing company in Serbia and setting up a bank account for it. The international interest in this country is growing rapidly. This means that establishing presence in Serbia will soon become not so easy and inexpensive as it is at the moment. Please apply for our services by writing to firstname.lastname@example.org while the time is right for it.
Tags #Company Registration in Serbia