- Why you might choose Serbia ?
- Opening a Company in Serbia
- Benefits of Company Formation in Serbia
- Process of Obtaining Residency
Serbia, a hidden gem in the Balkans, has been gaining recognition as an attractive destination for business immigration and residency. With its favorable business environment, strategic location, and affordable cost of living, Serbia offers entrepreneurs the opportunity to establish a company and obtain residency with a minimum investment of 10,000 euros. In this blog post, we will delve into the process of opening a company in Serbia and the benefits it brings in terms of business opportunities and residency.
- Opening a Company in Serbia:
The first step towards business immigration and residency in Serbia is establishing a company. The process is relatively straightforward and can be completed within a few weeks. The required capital for company formation is only 100 euros, making it an affordable option for entrepreneurs. The company can be registered as a limited liability company (LLC) or a joint-stock company (JSC), depending on the scale and nature of the business.
- Benefits of Company Formation in Serbia:
a) Access to the European market: Serbia’s strategic location at the crossroads of Europe provides businesses with easy access to the European market. The country’s proximity to major European cities and its well-connected transportation infrastructure make it an ideal base for expanding businesses.
b) Favorable business environment: Serbia has implemented numerous reforms to create a business-friendly environment. The country offers low corporate tax rates, simplified administrative procedures, and a transparent legal framework. These factors contribute to a conducive environment for business growth and investment.
c) Skilled workforce: Serbia boasts a highly educated and skilled workforce, particularly in sectors such as IT, engineering, and manufacturing. The country’s universities and vocational schools produce a steady stream of qualified professionals, providing businesses with a talented pool of employees.
- Residency through Company Formation:
One of the significant advantages of opening a company in Serbia is the opportunity to obtain residency. As an owner or shareholder of a Serbian company, you become eligible for residency permits, allowing you to live and work in the country. The minimum investment required for residency is 10,000 euros, which can be used for company capital, equipment, or other business-related expenses.
- Process of Obtaining Residency:
a) Company formation: Follow the process of establishing a company as outlined earlier in this blog post.
b) Residency permit application: Once the company is registered, you can apply for a residency permit at the Serbian Ministry of Internal Affairs. This process requires submitting relevant documents, such as proof of company ownership, business plan, financial statements, and a valid passport.
c) Temporary residency permit: Upon approval, you will be granted a temporary residency permit, typically valid for one year. This permit allows you to live and work in Serbia.
d) Permanent residency permit: After holding a temporary residency permit for five consecutive years, you become eligible to apply for a permanent residency permit, granting you long-term residency in Serbia.
Business immigration and residency in Serbia through company formation present a golden opportunity for entrepreneurs seeking to expand their horizons in Europe. With a minimum investment of 10,000 euros, individuals can establish a company in Serbia, benefiting from the country’s favorable business environment, skilled workforce, and access to the European market. Additionally, the opportunity to obtain residency permits adds an extra layer of attractiveness to this business immigration route. By navigating the process of opening a company and obtaining residency, individuals can unlock the potential of Serbia and embark on a rewarding business journey in this vibrant Balkan nation.