Download presentation
Presentation is loading. Please wait.
Published byDonna Shepherd Modified over 9 years ago
1
Doing Business In Serbia
2
Population: 7.1 m Area: 88,361 km2 Arable land: 5.7 m ha Unemployment rate 2014: 20.8% GDP2013: 31,994 m EUR GDP growth rate 2013: 2.5% Average salary 2013: 388.6 EUR Net Export 2013: 13,963 m EUR Import 2013: 17,796 m EUR Capitol:Belgrade (1.6 m) Ongoing EU Accession Process Indicators & Figures
3
Trends Source: SIEPA
4
Import & Export
5
EASY CONNECTION FROM THE BELGRADE AIRPORT
6
Foreign investment
7
Source: SIEPA Top FDI sectors
8
Free Trade EU CEFTA Turkey EFTA RussiaUSABelarusKazakhstan Agreements
9
Transportation
10
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 Taxation
11
Number of companies: 5,818 (6.26% of all registered companies) Number of employees: 129,514 (12.93% of all employed in economy) Export (I-VI 2014):USD 3.63 b Import (I-VI 2014):USD 4.48 b Metal Industry Export driven companies Foreign companies State owned companies Distressed companies
12
Market entry potential Trade Sourcing/ Outsourcing Investment JV
13
Potential issues Payment (low liquidity) Expensive financing Customs (non EU country) Outdated equipment (good and bad) Customer care (slow or failed communication)
14
Chances Recovery and growth of the metal industry Better state support to SMEs Investment (existing companies or directly) Low cost country Free trade
15
Thank You damir.patarcic@vip.org.rs 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: office@vip.org.rs Web: www.vip.org.rs
Similar presentations
© 2024 SlidePlayer.com Inc.
All rights reserved.