Business in Serbia

Challenges of doing business in Serbia

There are many benefits and obstacles of doing business in Serbia.

In the next few lines I will try to warn and advise investors.

1. GETTING PAID BY CUSTOMERS

Be careful if you deliver goods or services to Serbian “doo” company (private limited liability company). There is no guarantee your invoice will be paid. Check buyers solvency, consult with experts, make good contract, try to avoid mistakes. This subject is regulated by Law on deadlines for settlement of financial liabilities in commercial transactions .

2. PARAFISCAL CHARGES

Parafiscal charges include various types of fees which are levied for specific purpose and source of the state budget revenues. In Serbia they are not high, but we have many. I am proud to be a member of group of experts working on reducing parafiscals and creating better business environment (UVRA).

3. CLOSING COMPANY

It is easy to register a company, but very difficult and expensive to close it.

4. EMPLOYEES SICKNESS ABSENCE

Employees have right to payment of statutory sick pay. However it is very common that staff abuse sick days. Make good contracts, track absence, try to avoid costs.