The right of foreigners to acquire immovable properties in Serbia

Provisions of the Law on Foundations of Property Law Relations (“Official Gazette of the Socialistic Federal Republic of Yugoslavia”, No. 6/80, 36/90, “Official Gazette of the Federal Republic of Yugoslavia”, No. 29/96 and “Official Herald of the Republic of Serbia”, No.115/2005 – other Law) regulates the right of foreign persons (natural and legal) to acquire the right of ownership on real estate in the territory of the Republic of Serbia, legal transactions inter vivos (contract of sale, contract of gift, contract of lifetime support, etc.) and legal transactions mortis causa (by inheritance).

Acquisition of real estate by legal transactions among the living (inter vivos)

The conditions for acquiring real estate through legal transactions among the living (inter vivos) differ depending on whether foreigners in the Republic of Serbia perform their activity or not.

A contract on acquiring the right of ownership over immovables may be certified if requirements provided in provisions of Article 82a of the Law on Foundations of Property Law Relations (“Official Gazette of the Socialistic Federal Republic of Yugoslavia”, No. 6/80, 36/90, “Official Gazette of the Federal Republic of Yugoslavia”, No. 29/96 and “Official Herald of the Republic of Serbia”, No.115/2005 – other Law) for acquiring the right of ownership have been met, and that:

  • Foreign natural persons and legal entities conducting a business activity in the Republic of Serboa may, under the terms of reciprocity, acquire ownership rights on such immovables as are necessary for conducting of such activity (paragraph 1), and
  • A foreign natural person not conducting a business activity in the Republic of Serbia may, under the terms of reciprocity, acquire ownership rights over a flat and an apartment building, as may a citizen of the Republic of Serbia (paragraph 2).

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Compulsory liquidation of companies

The procedure of compulsory liquidation and deletion from the register of business entities of companies shall be initiated and conducted ex officio by the Agency for Business Registers of the Republic of Serbia when there are reasons for creating the procedure of compulsory liquidation prescribed by the Companies Act.

The provisions of Articles 546, 547 and 548 of the Companies Act prescribe the reasons for initiating compulsory liquidation proceedings, the manner of starting and terminating proceedings and the consequences of deleting a company from the register of business entities in case of compulsory liquidation. Continue reading Compulsory liquidation of companies

Long stay visa (visa D)

On October 30, 2014, the Government of the Republic of Serbia adopted the Decision on visa free entry to the Republic of Serbia for holders of foreign national passports having a valid Schengen, UK and other Member States’ visa, or visa of the United States of America, and for holders of foreign national passports having residence permit in the countries of the Schengen area, EU or the United States of America. On basis of this decision, the above-mentioned categories of foreign nationals may, without prior visa application, enter, transit and stay in the Republic of Serbia up to 90 days during a six-month period, and within validity of said visas or residence permits.

Other holders of foreign national passports who plan to stay in Serbia for up to 90 days or 90 to 180 days must submit a visa application to the diplomatic and consular mission of the Republic of Serbia abroad.

Types of visas issued in diplomatic and consular missions:

  • short stay visa (visa C)
  • long stay visa (visa D).

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