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…
Click on the link below to read the rest of the JPM Jankovic Popovic Mitic briefing.
News from JPM Jankovic Popovic Mitic
Briefings from JPM Jankovic Popovic Mitic
The new law came into force on 13 August 2014, and the deadline for privatisation of socially owned capital to be completed is 31 December 2015.
The amendments and supplements to the Bankruptcy Law that were adopted on 2 August 2014 came into force on 13 August 2014.