Brief Guide: Reasons to Invest: Low Operating Costs: SIEPA

Serbia Investment and Export Promotion Agency

Serbia offers various locations with the right worker skills for growing your profit.

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Low Operating Costs

One of the key benefits of doing business in Serbia, compared to most other CEE countries, are lower operating costs.

Serbia's tax system is highly conducive to investment, featuring the following benefits:

One of Europe's lowest Corporate Income Tax rates set at 10%;

Value Added Tax of 18%-among the most competitive in Central and Eastern Europe;

A 10-year Corporate Income Tax holiday for investments of over €8 million that create at least 100 new jobs;

A 5-year Corporate Income Tax holiday for small-scale investments in undeveloped regions;

Tax credits for investing in fixed assets of up to 80% of the invested amount;

Salary Tax and social insurance charges exemptions for employees below 30 and above 45 years of age;

Value Added Tax exemptions in Serbian Free Zones.

Labor costs in Serbia are comparable to those in South East European countries, while standing at 60% of their level in Eastern European EU member states. In addition, low utility costs help businesses achieve high profit margins.