About Serbia

• Location: Southeastern Europe, central part of the Western Balkans
• Geographic coordinates: 44 00 N and 21 00 E
• Territory: 88.499 km²
• Population: 7 million (the data for AP Kosovo and Metohia excluded)*
• Borders with: Hungary, Romania, Bulgaria, North Macedonia, Albania, Montenegro, Bosnia and Herzegovina and Croatia
• Capital city: Belgrade, circa 1.7 million inhabitants
• State organization: Parliamentary Republic
• Official language: Serbian
• National currency: Serbian Dinar RSD
• Time zone: GMT+1
• GDP (2018): €42.9 bn

• Functional infrastructure
• Low operating costs
• Fastest average Internet speed in the region
• Value Added Tax and Corporate Tax lowest in the region
• Credit ratings: Fitch: BB/ stable; Moody’s: Ba3/ stable; S&P: BB/ positive

• Favorable geographic position, owing to which any shipment can reach any location in Europe within 24 hours
• Highly educated and competitive labor force
• Restructured and stable financial system
• Simple procedures for a company start–up and registration
• Simple procedures for foreign trade transactions and foreign investments
• State level incentives

• Tax rate on personal income of 10%
• Corporate profit tax rate of 15%
• VAT rate:
• – General – 20%
• – Special – 10%

Goods made in Serbia benefit from several Free Trade Agreements and Generalized System of Preferences which provide simplified placement on markets with more than 1.3 bn people.

• Stabilisation and Association Agreement with the EU
• CEFTA Agreement
• Agreement with the EFTA members
• Free trade agreement with the Russian Federation, Belarus, Kazakhstan, Armenia and Kyrgyzstan (EEU)
• Free trade agreement with Turkey
• USA (GSP)
• Japan (GSP)
• Australia (GSP)