Serbia business shape 2014
Serbia greatly welcomes foreign investment, as is shown by the Law on Foreign Investments (Official Gazette SRJ Nos. 3/2002 and 5/2003 and Official Gazette SCG No. 1/2003 [Constitutional Bill]), which prescribes certain exemptions and freedom exclusively assigned to foreign investors. This law introduces a freedom for foreign investment, a national treatment principle, legal security, conversion and unrestricted payment, down to book keeping, rights to profit and assets transfer and even the application of more favourable treatment than that provided by this law for a foreign investor or its investment if an international or bilateral agreement has been signed by the foreign investor’s country and Serbia. Since the democratic revolution in 2000, investment has been one of the highest priorities of every Serbian government.
The Serbian Investment and Export Promotion Agency (SIEPA) is a government organisation dedicated to effective serving of foreign investors and buyers, while raising Serbia’s profile in the minds of international business decision makers. Since SIEPA’s founding, which was performed in 2001 by the government of Serbia, its mission has been to support foreign companies in the course of business setup in Serbia and also to support Serbian companies when doing business worldwide.
The investor may encounter various financial incentives as an investment package has been prepared for investors into Serbia. State grants are offered for greenfield and brownfield projects in all industries, except for primary agriculture, the hospitality industry, retail, the production of synthetic fibres and coal…
Click on the link below to read the rest of the JPM Jankovic Popovic Mitic briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from JPM Jankovic Popovic Mitic
Briefings from JPM Jankovic Popovic Mitic
Legal position, rights and obligations of transmission system operators energy law as compared with directive 2009/73/EC
Under the Energy Community Treaty from 2005, the contracting countries are obligated to harmonise with the necessary Directives of the EU in the field of energy.
Expansion of the IT sector in Serbia has lead to an increased engagement of local IT experts by foreign IT companies.