JPM Jankovic Popovic Mitic

The benefits of doing business in free zones in Serbia

By Lidija Pejcinovic

FDI Intelligence, the largest centre for assessing foreign direct investments worldwide, has ranked two Serbian free zones, Pirot and Zrenjanin, 41st and 48th respectively on the list of 50 most attractive zones for foreign direct investments in the world. How do free zones in Serbia operate in practice?

If you ever find yourself in a free zone, this should be immediately apparent to you, as it must be clearly marked as a free zone, particularly at entrances and exits, and river-side as well, if the zone has river access. A zone can consist of several separate parts provided they all operate as a whole. Free zones are fenced and marked areas equipped with infrastructure, intended for conducting production or service activities, in which the investors operating within them are entitled to certain benefits.

As opposed to the EU where free zones are regulated by the EU Customs Law, as a general law, in Serbia free zones are regulated by a separate Free Zones Law from 2006…

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