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:
- Customs Law (“Official Gazette of RS”, No. 95/2018, 91/2019 – other law, 144/2020 and 118/2021)
- Law on Investments (“Official Gazette of RS”, No. 89/2015 and 95/2018) and
- 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
Financing of foreign business in Serbia is most often realized in the following forms:
- financing through direct investments (founders’ investments, subordinated loans and credits, additional payments, etc.)
- foreign currency lending in the country
- taking loans and borrowings from abroad
- contracting factoring transactions.
By the Law on Foreign Currency Transactions (“Official Herald of the Republic of Serbia”, Nos. 62/2006, 31/2011, 119/2012, 139/2014 and 30/2018 – further: Law on Foreign Currency Transactions) capital investments were defined as transactions between residents and non-residents and the purpose of which is the transfer of capital. One of the capital investments regulated by the Law on Foreign Currency Transactions shall be direct investments. Continue reading Conditions and methods of financing foreign business
This Law on Investments regulates the general legal framework for investments in the Republic of Serbia, the bodies that support investments by providing efficient services to investors, the establishment and operation of the Council for Economic Development, and the establishment and operation of the Development Agency of Serbia.
According to the provisions of the Law on Investments investor is a legal or natural person who acquired the investment on the territory of the Republic of Serbia, in accordance with the law.
Investment in terms of the Law on Investments are:
- Direct investment i.e.investment in material and non-material assets of the company
- Indirect investment i.e. acquiring shares or stocks in the company. Continue reading Investor rights