{"id":39862,"date":"2023-09-28T09:08:00","date_gmt":"2023-09-28T07:08:00","guid":{"rendered":"https:\/\/zuniclaw.com\/7-categories-of-tax-benefits-that-make-serbia-a-dream-destination-for-your-business\/"},"modified":"2025-07-15T11:17:01","modified_gmt":"2025-07-15T09:17:01","slug":"taxes-in-serbia","status":"publish","type":"post","link":"https:\/\/zuniclaw.com\/en\/taxes-in-serbia\/","title":{"rendered":"Taxes in Serbia: 7 Tax Benefits To Know"},"content":{"rendered":"\t\t
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Are you thinking about relocating your business to Serbia? Would you like to bring your employees from Ukraine, Russia, Belarus, or elsewhere? We explain why you should consider Serbia and take advantage of unparalleled tax benefits for your business, including favorable taxes in Serbia<\/strong>.<\/p>

Serbia has a favorable geographical position, in the heart of Europe, on the Balkan peninsula. Infrastructural and geographical connections with the European Union and the rest of the world, free trade agreements, and double taxation treaties with many countries represent the great advantages that Serbia offers compared to most other countries in the world. Serbia has a stable banking system that enables cash flow, in various currencies with the EU member states, as well as with Russia, Belarus, Ukraine, and the rest of the world.<\/p>

In recent years, Serbia has been recognized as a haven for foreign investment due to a wealth of tax benefits and other subsidies. In addition, Serbia still has a low cost of living and is one of the countries with the lowest utility costs in Europe, such as electricity, gas, and rental costs.<\/p>

If the overall favorable economic climate, consisting of unhindered cross-border money transfer, low costs of living, and trade agreements with the EU and many other countries, did not catch your attention, the following very well might. Many tax incentives, subsidies, and other benefits offered in Serbia can show you exactly why Serbia is continuously at the top of the world\u2019s most popular countries for attracting foreign investments.<\/p><\/div><\/section>

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1. Tax Benefits for Employment of Foreigners<\/h2><\/div>

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Are the current geopolitical situation or the global economic circumstances forcing you to relocate? Are you thinking about bringing your employees to Serbia?<\/p>

In the process of making such a decision, it will certainly help you to know that you have the right to tax benefits for the employment of foreigners<\/a> in Serbia. Yes, you understood correctly\u2026Serbia encourages the employment of highly qualified foreigners. How many other legal systems do you know that provide such a benefit?<\/p>

Companies-employers in the Republic of Serbia that employ foreign workers are entitled to incentives that are paid in the amount of 70% of the personal income tax for each newly settled person and 100% of the calculated and paid contributions for mandatory pension and disability insurance. In addition to the otherwise low employment-related costs, if you establish a company in Serbia, there is the possibility of employing workers from Russia<\/a>, Belarus, or Ukraine, which can be an ideal opportunity for employers who plan to move their business to Serbia, together with their employees.<\/p>

Nonetheless, if you plan to hire new employees in Serbia, in addition to those employees who already work in your company, there is also a tax relief in Serbia that reduces the personal income tax base for newly settled taxpayers by 70%.<\/p><\/div><\/section>

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2. Research and Development (R&D) Incentives<\/h2><\/div>

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Are you working in research and development, or planning to start R&D activities?<\/p>

Are you seeking the most favorable investment climate for your R&D projects?<\/p>