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Doing Business In Serbia
Indicators & Figures
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Population:
Area:
Arable land:
Unemployment rate 2014:
GDP2013:
GDP growth rate 2013:
Average salary 2013:
Export 2013:
Import 2013:
Capitol:
7.1 m
88,361 km2
5.7 m ha
20.8%
31,994 m EUR
2.5%
388.6 EUR Net
13,963 m EUR
17,796 m EUR
Belgrade (1.6 m)
Ongoing EU Accession Process
Trends
Source: SIEPA
Import & Export
Source: SIEPA
EASY CONNECTION FROM THE BELGRADE AIRPORT
Foreign investment
Top FDI sectors
Source: SIEPA
Free Trade
Agreements
EU
CEFTA
Turkey
EFTA
Russia
Belarus
Kazakhstan
USA
Transportation
Taxation
VAT
Regular rate 20%
Lower rate 10%
Corporate profit tax *
Flat rate 15%
(10 year holiday: for investments over 8.4m EUR and
100 new jobs)
Income tax
Salary 10%
Other income 20%
Annual income tax
10 to 15%
for salaries exceeding 3 times the average salary
Contributions
Pension insurance 12% / 14%
Health insurance 5.15%
Unemployment insurance 0.75%
*Serbia has a Double taxation Agreement with Germany and additional 54 countries
Metal Industry
Number of companies:
Number of employees:
Export (I-VI 2014):
Import (I-VI 2014):
5,818 (6.26% of all registered companies)
129,514 (12.93% of all employed in economy)
USD 3.63 b
USD 4.48 b
State owned companies
Distressed companies
Export driven companies
Foreign companies
Market entry potential
 Trade
 Sourcing/ Outsourcing
 Investment
 JV
Potential issues
• Payment (low liquidity)
• Expensive financing
• Customs (non EU country)
• Outdated equipment (good and bad)
• Customer care (slow or failed communication)
Chances
• Recovery and growth of the metal industry
• Better state support to SMEs
• Investment (existing companies or directly)
• Low cost country
• Free trade
Thank You
[email protected]
Mob. +38163600438
Vojvodina Investment Promotion – VIP
Narodnog fronta 23d, 21000 Novi Sad, Serbia
Tel: +381 21 472 3245
Fax: +381 21 472 1921
E-mail: [email protected]
Web: www.vip.org.rs