Serbia has introduced many tax benefits for various categories of the population, among which are tax exemptions for the so-called digital nomads, reduction of the annual personal income tax for persons under 40 years of age, full recognition of the marketing costs of companies, exemptions from taxes and contributions for the costs of team buildings, and many other benefits and ways of financing the companies through digital assets, etc.
There is a general trend of introducing various new tax benefits and other subsidies for employment and business development. Once you become a Serbian tax resident, there is a good chance that you will acquire many other rights and benefits that were available to companies that were already operating in Serbia in previous years. You can find out more about tax incentives for companies in Serbia and other privileges in our blog.
Also, even without all the mentioned privileges and benefits, the tax treatment of corporate income tax in Serbia is more favorable than most countries that you might have initially considered. First, the corporate income tax rate in Serbia is 15%, while in Russia it is 20%. Also, the corporate income tax rate in Serbia is lower than the tax rates of countries such as Luxembourg, Croatia, Slovenia, Turkey, as well as many other European countries.
In addition to all the above, in Serbia, there is a relatively easy and quick procedure for obtaining a residence and work permit. For more information, visit our blog on how to obtain a residence permit in Serbia, in which we answered the most frequently asked questions on this topic.