HRH Crown Prince Alexander has created a special entry on the Royal Family’s website to present Serbian municipalities to potential foreign investors.
The Crown Prince has invited foreign investors to visit the map of Serbia by districts and the Investment and Export Promotion Agency (SIEPA) internet presentation. He has also reminded that the government is determined to improve the business climate by completing economic reforms and fiscal and budget consolidation. The new set of laws has been passed, including Labour Law, Law on Bankruptcy, Law on Privatization, Law on Planning and Construction. The Government supports investments, focusing on new employment. The accession negotiations with the EU are on-going, full membership is expected in 2020.
Serbia has many comparative advantages. Foreign investors are entitled to a 10-year Corporate Profit Taxholiday for investments over €8.5 milion and 100 new jobs. New employments entitle employers to a sizable relief of taxes and contributions paid on net salaries from the moment of employment until June 30, 2016.
Logistics and FTAs are additional reasons to locate business in Serbia, which is present in the markets of the European Union, Russian Federation, Turkey, Belarus, Kazakhstan and neighbouring countries.