You’ve decided to invest in a property in Serbia? The first thing on your to-do list is to check whether citizens of your country have the right to acquire property in the Republic of Serbia and under which conditions.
In order to find that out, you must check whether there is a concluded bilateral agreement between your country and the Republic of Serbia that regulates the issue of obtaining the property of a national of that country in another country. In the absence of such an agreement, it is necessary to check whether actual reciprocity between the countries has been concluded. If you need a simple explanation of how to find the answer to this question, make sure to read our blog post Can Foreigners Buy Property in Serbia.
It should be emphasized that the acquisition of agricultural land is reserved exclusively for Serbian citizens. The exception is the ability of EU citizens to acquire agricultural land, with very restrictive conditions. For more information on this issue, visit Land for Sale in Serbia.
If the answer is positive and you, as a foreigner, may buy a property in Serbia, you should proceed to the next step, which is finding the right property, inspecting the real estate, reaching a price agreement and moving to realization.
If the citizens of your country cannot acquire property in Serbia, you can overcome this obstacle by establishing a company in Serbia. As explained in more detail in the blog post Company Formation in Serbia in 7 Steps, foreign legal and natural persons can establish companies without any restrictions. Not only that, but foreigners can also establish the so-called Special Purpose Vehicle with the intention to acquire agricultural land through a domestic legal entity.