Doing business in Serbia

• JOIN THE POOL OF THE SUCCESSFUL

Since the onset of economic reforms, Serbia has grown into one of the premier investment locations in Central and Eastern Europe. A list of leading foreign investors is topped by world-class companies such as Bosch, Michelin, Siemens, ZF, Yazaki, Brose, Toyo Tires, Fiat Chrysler Automobiles, Microsoft, Panasonic, Cooper Tires, Tarkett, Ling Long, MTU, NCR, Magna, Continental, Aunde, Calzedonia, Eaton, Stada, Swarovski, Mei Ta,  Gorenje, Schneider Electric, Adient, Minth, Kyungshin Cable, Johnson Controls, Johnson Electric, Leoni, Bizerba, Hansgrohe, Barry Callebaut, Xingyu Lightning, and many others.

Largest Foreign Investors in Serbia by No of Projects (%)

Largest Foreign Investors in Serbia by Value of Projects (%)

• HIGHLY QUALIFIED LABOR

Highly qualified staff in Serbia is widely available. The number of engineers, technicians, and other specialists is sufficient to meet the growing demand of international companies. Yearly, the labor supply increases by approximately 30,000 university graduates. In addition, there are also a significant number of Serbian experts, who return to the country after gaining top-quality expertise in international companies around the globe.

The labor market in Serbia has become truly vibrant as a rising number of international investors have opened their businesses in the country. International, as well as local headhunting agencies, operate in major Serbian cities, offering a full range of consulting services, including executive search, staff training, and salary surveys.

• COMPETITIVE OPERATING COSTS

Serbia`s favorable business environment features highly competitive tax rates and low operating costs

Tax

Reduced Salary Load, Labor Costs

Average salaries in Serbia ensure cost-effective operating.

Utility Fees

Electricity – €0,11/kWh The electricity price varies according to the consumption category and daily tariff rate.

Gas – €0.38/m³  – €0.42/m³ The price of natural gas is set every 15 days, currently standing between €0.38/m³  – €0.42/m³.

Water – €0,6-1,3/m3 The waterworks in Serbia are operated at the municipality level with water prices set by local authorities.

• FREE ACCESS TO A MARKET OF 2.4 BN CONSUMERS

Externally, Serbia can serve as a manufacturing hub for duty-free exports to a market of more than 2.4 billion people that includes the European Union, the Eurasian Economic Union, Japan, Australia, South East Europe, the European Free Trade Agreement members, Turkey, UAE and China.

This customs-free regime covers most key industrial products, with only a few exceptions and annual quotas for a limited number of goods.