The legal framework for regulating the conditions, manner and procedure of exemption from customs and other duties on the import of equipment, which is the investor’s role, is represented by the following regulations:

1. Customs Law (“Official Gazette of RS”, No. 95/2018, 91/2019 – other law, 144/2020 and 118/2021)
2. Law on Investments (“Official Gazette of RS”, No. 89/2015 and 95/2018) and
3. Decree on the conditions, manner and procedure of exemption from customs and other duties on the import of equipment (“Official Gazette of RS”, No. 34/2019).

The provisions of Article 14 of the Law on Investments (“Official Gazette of RS”, No. 89/2015 and 95/2018 – from now on: the Law on Investments) stipulate that the import of equipment that represents the stake of an investor who is a foreign or domestic legal or natural person is free and relieved of the payment of tariff and other import duties, except for passenger motor vehicles and entertainment and gaming machines, under the condition that the equipment imported by the investor is in accordance with the regulations that govern the health and security of citizens and protection of the environment. Continue reading Conditions, manner and procedure of exemption from customs and other duties on import of equipment representing the investor’s investment →