Serbia, country in the west-central Balkans. For most of the 20th century, it was a part of Yugoslavia. The capital of Serbia is Belgrade (Beograd), a cosmopolitan city at the confluence of the Danube and Sava rivers; Stari Grad, Belgrade’s old town, is dominated by an ancient fortress called the Kalemegdan and includes well-preserved examples of medieval architecture and some of eastern Europe’s most-renowned restaurants. Serbia’s second city, Novi Sad, lies upstream on the Danube; a cultural and educational centre, it resembles the university towns of nearby Hungary in many respects.

 

Advantages of Serbian Residence Program:

  • Practical “No stay” requirement;

  • No requirement to speak the Serbian language;

  • Permanent residency can be obtained in 5 years;

  • Residency via the ownership of Serbian property with no minimum investment;

  • Simple procedure based on strict laws;

  • Only 2 visits to Serbia required;

  • Very favourable company and personal tax systems;

  • No CRS (Serbia did not sign CRS);

  • Straight and fast bank account opening (as fast as 7 – 10 days);

  • Serbia has free trade and custom free agreements with the EU, Russia, Turkey etc. (total of 1.1bn consumers);

  • Availability of high-quality and not expensive labour;

  • Very competitive operating costs.


Options for Obtaining Serbian Residency:

I. Real estate investment

  • To obtain a residence permit in Serbia, the applicant must own real estate in Serbia.

  • The annual property tax is from 0.4% depending on the location of the property.


II. Company formation 

This process is carried out with a local notary and an official translator from the client's language into Serbian. The procedure takes 1 hour of physical presence, and then 3-5 days for registration. To register a new company, the client does not need to personally come. The client can send us a power of attorney with an apostille, and we can carry out the procedure with a notary. We will translate the power of attorney into Serbian from our side.

IN ACCORDANCE WITH LOCAL LAW, A RESIDENT OF THE REPUBLIC OF SERBIA IS A PERSON:

- Who resides or has business and personal interests in the territory of Serbia; OR

- Who stays in Serbia for one or more intervals, for a total of at least 183 days or more, during a 12-month period in one financial year.

The client can become a tax resident of Serbia, which is confirmed in writing by the Tax Authority of Serbia. If the client prefers to have the right of residence without tax residency, this is also possible. Professional tax advice is required on this matter.

Please note that the main applicant receives Serbian residency after around 45 days. After residency is granted to main applicant, application procedures for the immediate family members commence, taking an additional 45 working days for them to receive Serbian residency.

After holding residency for at least 5 years, permanent residency can be obtained.