• mail icon office@ssc.rs
  • pin iconAddress:Đure Salaja b.b., Smederevo
  • pin icon Đure Salaja b.b., Smederevo Đure Salaja b.b., Smederevo
logo

Since the onset of economic reforms, Serbia has grown into one of the premier investment locations in Central and Eastern Europe.

A list of leading foreign investors:

FCA, Bosch, Michelin, Siemens, Panasonic, NCR, Yura, Magna, Continental, Calzedonia, Eaton, Stada, Falke, Swarovski, Ball Packaging, Sitel, Microsoft, Gorenje, Schneider Electric, Geox, Tarkett, Johnson Controls, Johnson Electric, Leoni, and many others.

Highly qualified and cost effective labour force

With a unique combination of high-quality, wide availability and cost effectiveness, the Serbian labor force is widely regarded as a strong business performance driver.

For decades, Serbia fostered extensive relationships with leading Western economies. A list of blue-chip companies maintaining strong ties with local partners is topped by Siemens, Alcatel-Lucent, Fiat, IKEA, and many others. Throughout years of cooperation Serbian workers have received specific know-how and adopted advanced technology applications and rigorous quality control standards.

Having vast experience both in manufacturing and management, local staff requires minimum training to adopt cutting-edge technologies and assembly processes.

See more
map

Competitive operating costs

Serbia's tax regime is highly conducive to doing business.

The VAT rates are as follows:

The standard VAT rate – 20% (for most taxable supplies);

The lower VAT rate – 10% (for basic food stuffs, daily newspapers, utilities, etc.).

Corporate profit tax is paid at the uniform rate of 15%. Non-residents are taxed only based on their income generated in Serbia.

The personal income tax rate is 10% for salaries.

The withholding tax is not applied to dividend payments between Serbian entities. For non-residents of Serbia, a 20% withholding tax is calculated and paid on certain payments such as dividends, shares in profit, royalties, interest, capital gains, lease payments for real estate and other assets.

The annual income is taxed if exceeding the amount of threefold the average annual salary in Serbia. The tax rate is 10% for the annual income amounting up to 6 times average annual salary in Serbia, and 15% for the part of the annual income exceeding 6 times average annual salary in Serbia.

Labor Costs – Average salaries in Serbia are low enough to ensure cost-effective operating. Total costs for employers stand at merely 50% of the level in EU countries from Eastern Europe. Social insurance charges and Salary Tax amount to roughly 65% of the net salary but the tax burden for employers can be reduced through a variety of financial and tax incentives

 

Free Access to a Market of more than 1.1bn Consumers

Externally, Serbia can serve as a manufacturing hub for duty-free exports to a market of more than 1 billion people that includes the European Union, the Russian Federation, USA, Kazakhstan, Turkey, South East Europe, the European Free Trade Agreement members, and Belarus.

This customs-free regime covers most key industrial products, with only a few exceptions and annual quotas for a limited number of goods.

See more
map

Optimal geografic location

Owing to its position on the geographic borderline between the East and West, Serbia is often referred to as a gateway of Europe. Two important European corridors, VII – the River Danube and X – the international highway and railroad, intersect on the Serbian territory, providing excellent connections with Western Europe and the Middle East.

Serbia is thus a perfect place for a company to locate its operations if it wants to closely and most efficiently serve its EU, SEE or Middle Eastern customers.

Bordering the EU, Serbia still offers a possibility of enjoying all benefits of working outside the EU while being able to provide services and transport goods in projected and flexible time frames.

See more

Financial benefits and Incentives

n addition to existing benefits, such as strategic geographical location, duty-free exports to the countries of South Eastern Europe and Russia, the lowest corporate tax rate in Europe of 15% as well as an educated and skilled labor force available at competitive cost, Serbia has prepared a package of financial support to investors.

See more

Smederevo is a city on two large rivers (Danube and Velika Morava), with rich history, tradition and cultural inheritance, high quality human resources and developed infrastructure. Smederevo is famous for it’s steelworks, founded at the dawn of 20th century, one of the Serbian top export companies, which was and remained the sceleton of town’s economic development.

On the famous ’’Vine Road’’, with largest plain land medieval fortress in Europe, beautifull sports facilities and picnic resorts, Smederevo is a right place to invest and to live at.

Smederevo is positioned on the crossroads of two paneuropean traffic coridors, land coridor X and waterway coridor VII (Danube), just 46 kilometres far from the state capital and largest city – Belgrade. This fact enables multimodality of traffic solutions, that promote development of Smederevo as a regional logistic center. Nearest border crossings are: to Romania – 65 km, to Croatia – 180 km, to Bulgaria – 204 km.

Thera are 4 ports in Smederevo, all of which are registered for international operations, with mutual capacity of 4 milion tons per year, and 2 terminals for reloading of liquid loads. City Port of Smederevo is the most northerly Danube port that is able to receive Black Sea ships.

Road and rail magistral routes also have significant traffic importance.

Smederevo has a ’’Kovin bridge’’, only conection of Danube’s left and right bank between Belgrade and Đerdap power plant, through which roadway M-24 links Vojvodina i Central Serbia.

img

Railway hub Mala Krsna is one of the most perspective in Serbia, because besides it’s position on Belgrade – Niš railway, it also conects Smederevo with Eastern Serbia through Požarevac – Bor route. There is a plan for the construction of Pančevo – Mala Krsna railway, which should represent a rail equivalent of M – 24 route, linking Vojvodina with Central Serbia.

As far as human resources are considered, Smederevo has around 73.000 inhabitants able to work, with diverse education level, including but not limited to occupations regarding metalurgy, machining, electrotechnics, traffic, trade, economy, law, food production, garment production, tourism etc. There are around 8.000 unemployed citizens. Average gross salary is around 500 EUR/month.

City of Smederevo welcomes investors to use all the benefits of Smederevo Free Zone:

requirement for free zone user
privilegies granted by republic of serbia for all free zone users in serbia

to conduct business operations under Free zone regime

Customs exemptions:

  • exemption from customs duties and other import taxes for goods intended for performing activities and the construction of facilities in the Free Zone (equipment, construction materials)
  • If goods are produced within zone using a minimum of 50% of domestic components, they are considered to be of Serbian origin and are therefore eligible to be imported into Serbian territory or exported without customs, pursuant to free trade agreements.

Fiscal – VAT exemptions:

  • Import of goods in Free Zone as well as transportation of goods and other services
  • Turnover of goods and services inside Free Zone
  • Turnover of goods between users of two Free Zones
  • Consummation of energy products for production facilities
requirement for free zone smederevo user
privilegies granted by city of smederevo for free zone smederevo users

to build new commercial facility (production, storage or other commercial activity) inside the teritory of Free zone Smederevo

to conduct business operations inside Free zone Smederevo

to permanently employ 50+ people from Smederevo

Taxes and fees examptions:

  • fees for issuing documents
  • fees for utility taxes (putting names on the business area and putting up advertising boards)
  • land development fee – in full for production and storage objects and others under the Article 97., Paragraph 8. of the Law on planning and construction, and 50% for other activities (e.g. commercial)
  • fee for issuance of technical condtions for connection to the water supply network
  • fee for issuance consent of location for connection to the watersupply network
  • fee for requirements for the design of connections to the water supply network
  • fee for consent of the design documents for making the connection
  • to conduct business operations inside Free zone Smederevo
  • property tax in the amount of 30% of the established tax on property worth up to 10 million RSD
  • property tax in the amount of 50% over the estimated tax on property worth over 10 million RSD

to conduct business operations inside Free zone Smederevo

to permanently employ 20+ people from Smederevo

Taxes and fees examptions:

  • fees for utility taxes (putting names on the business area and putting up advertising boards)

under construction