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Business Climate in Serbia


Serbia is a country in southeast Europe with a population of 6 963 764 citizens living on an area of  88.361 square kilometers. The country’s capital is the city of Belgrade in which around 1.23 million Serbians reside.

Serbia is divided into 145 municipalities and 29 cities. Municipalities usually have more than 10,000 inhabitants.

The national currency is the Serbian dinar and around 117.43 Serbian dinars make 1 EUR. 

Some basic economic stats include: 

  • Inflation rate in 2018: 1.96%
  • Direct investments in 2018: 3.2 Billion euro
  • The growth rate of the Gross Domestic Product (GDP): 2.9%
  • Number of active businesses: 134 067

Index of Economic Freedom Rank: 65

The distinguished Index of Economic Freedom, an annual guide published by The Heritage Foundation, gives Serbia economic freedom score of 66.0 This gives the country an overall worldwide rank of 41 and puts Serbia 35th among 45 countries in the European region. The overall score is well bellow to the regional average and well above the world average.

World Bank, Doing Business Rank: 44

The World Bank, Doing Business Report ranks Serbia in 44th place for doing business on the world ranking. The country is given a score of 75,7 and a ranking of 73 for starting a business in 2020.

Basel Institute, AML Index Rank: 25

The Basel Institute of Governance ranks Serbia on 25 rankings position. Please note that the highest-ranking position shows that the country is having a higher risk of money laundering and terrorist financing.

Do you think Serbia is a good place for your business?
If yes, we will help you establish your business in Serbia. All you need to do is to follow these steps:

Step 1: You send us an email

on contact@thybusinessguide.com

I want to open a company in Serbia
Refer me to someone that will get the job done, fast and professionally.

Step 2: We get back to you with a referral

We will contact you immediately with a couple of options and what price to expect. This way you won’t get overcharged. Also, we will provide you with a special code for which you will get a discount. This code will also let our referral know that if he/she is not acting as they presented us, they will lose a major leading source.

Step 3: You contact the referral

When asking details about the fees, timeline and other aspects for the professional engagement, it is very important to present our referral with the code we give you. We also strongly suggest cc’ing’ our email as we can follow if our referral is professional as he/she promised to be. 

Step 4: You let us know how it went

This is the only thing we ask. By giving us a review of how our referral worked for you, we will be able to know if we should give them more business, or take them from our list. They know that if they get bad reviews from our clients, they won’t get new clients from us. This is how we make sure that they do what they told us they will.