Home European Citizenship Opportunities for Entrepreneurs in Serbia (2020)

Opportunities for Entrepreneurs in Serbia (2020)

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Today we are talking about the opportunities in Serbia. Is Serbia a good place for foreign entrepreneurs? Why, or why not? What can you expect if you hire people in Serbia? Is Belgrade good for doing business? Should you set up a company there?

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Author: Michael Rosmer

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14 COMMENTS

  1. From the last five years Serbia has been booming business wise. Most of EU countries such as Italy, Greece, Croatia, Spain, Portugal are also very burocrátic and not all of them have benefited from being part of EU. On the other hand for shopping is fantastic! I have been there many times from 2005.

  2. Thank you Sir for sharing an expertise view on small businesses in Serbia. My fiance is serbian and however we came across the (quite utopic, to be fair) point of moving there. It sounds pretty much depressing, regarding banking, corruption etc, it's also not really cheap on tax. I was thinking offering designed programs and interfaces for small german companies, in different fields of production (i am german and my background is chemical engineer).
    We are both trained in building chemical equipment and piping, planning, related programming etc. and also thought of offering sorts of installation and maintenance for plants of foreign companies sold and run on Serbian soil, in chemical and pharmaceutical industry mainly. But i have the real concerns of not having any sorts of chances to set up smth. there, since companies from abroad would rather school and train own technicians to realize such services.

    Anyway, thank you for an insight and with best for the year ending.

  3. I personally don't know a single person who has been to Serbia and didn't love it. Especially people and nightlife.
    They also have many good restaurants, with amazing food.

  4. How many companies have you opened in Serbia!? American companies invested more than $14 billion in Serbia. What Serbia offers is the cheapest price of energy in Europe (40% from renewable resources), no tax for lots of products exported to Russia, and other countries of the Eurasian Economic Union (EEU), Turkey, to countries of CEFTA, also the USA and China. (No other Balcan country has that much commercial agreements) .
    Foreign investors are protected more than any other. As a matter of fact, our Employment Act is written in the American-Serbian Chamber of Commerce (200+ members like Coca Cola, Microsoft, ORACLE, IBM, Philip Morris, Ball packaging…). Deciding to make a clickbait-talking-head video from some Montenegro two-star hotel room with lots of incorrect data from Wikipedia and then have a gut to ask viewers to subscribe 🤪🤠👎

  5. 3:00 ~ Yugoslavia was never really a communist country, it was a socialist country (like a Sweden wannabe) – for which it was neither part of Eastern or Western Bloc, but neutral and one of founders of Non-aligned movement. Life in Serbia and Yugoslavia from '40s to '90s was very different than in Warsaw pact countries. You could travel almost everywhere in the world with Yugoslav passport and favorite shopping destination was Italy since 60's. Example: I went to Trieste in '89 last time Yugolsavia still existed, just to by some LP's (Metalica's "Justice for all" and Helloween's "Keeper of the seven keys, part II") – was a cool whole night train ride, nice day in Trieste and in the evening – train back home. Cheap.
    Yugoslavia, including Serbia, was never a "Soviet state" and actually we didn't have good relations to USSR.
    Serbia, before Tito, was one of the last counties to recognize USSR (in 1941) because it was strongly monarchic and tzar Nikolai helped to save both state and population from Germans and their allies (i.e Bulgarians). For that, Nikolai has a monument next to old assembly of Serbian parliament.

    But to cut it to today – it is funny what you are saying, because all companies are actually foreign companies that employ local people for a fraction of income they would earn abroad. Often not paying them legal wages, but just euros or dollars in envelope. There are no "Serbian" companies, at least not ones that pay over 400 euro a month for professionals.

    Also, on another side, I don't know if we were addressing same companies abroad that offer remote working, but Serbs, instead of a decent reply, usually just get their address into spamming list, never getting an answer to employment opportunity or they reply with list of working permits in XXX country so you can work remotely.

    UK and America destroyed this country physically, infrastructuraly and economically, and all banks are foreign. Issue with banks is that they have special model where they just keep on sucking cash from banana countries like these for dozens of years, while same banks operate much differently in other countries.

    Anyway, Serbia is great for people coming from your background – low cost, good internet, nice people, only white people, etc…. But if a Serb would like to do any business in your country or even try to be employed by a foreign company that employs remote working people – it's mostly "nah, you're Serbian monster".
    Do a vlog to support companies to consider Serbs for employments better than cruiser crew. Yeah, nobody minds (and actually really likes) foreigners here, but we are mostly unable to do the same just because of stigmata put by people you named – Germany, Britain, US, Belgium, Netherlands… For decades, highly skilled and educated Serbs needed visas to even travel for tourism in most of EU (even being and looking as Europen as it gets), or further, while countries named before allowed free migration for Africans and Asians, which now make most of their countries.

  6. Good insight on the historical and cultural side of this area.
    This special country has had very big choices in the past and also will have in the future.

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