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Why in Serbia

Serbia is an internationally recognized leader in business reforms, as well as a proven investment location in the SEE. It offers highly capable intellectual capital and customs free access to the 15% of the world market.
Belgrade, the capital, has been awarded as the City of the Future for Southern Europe 2007 by the fDi Magazine. Selection criteria - economic potential, cost effectiveness, human resources, IT and telecommunications, transport, quality of life, and FDI promotion.
Serbia is the member of the Central European Free Trade Agreement (CEFTA) comprising of a free trade area with 29 million people. This region is also the one with the highest growth rate in Europe. Serbia is the only country outside of the Commonwealth of Independent States that enjoys a Free Trade Agreement with Russia.
Externally, Serbia can serve as a manufacturing hub for duty-free exports to a market of 1 billion people. It includes the European Union, the United States of America, the Russian Federation, Kazakhstan, Turkey, South East Europe, the European Free Trade Agreement members, and Belarus.
Serbia's labor force combines exceptional working efficiency with sizable labor supply. With a unique combination of high-quality and low costs, it is one of the key factors in reaching a strong business performance.
New investment package has been prepared for investors into Serbia. State grants are offered for Greenfield and Brownfield projects in all industries, except for primary agriculture, the hospitality industry, retail, and the production of synthetic fibers and coal. For standard-scale Greenfield and Brownfield projects in the manufacturing, export-related services sector and tourism, non-refundable state funds are offered in the range between Ђ2,000 and Ђ10,000 per new job created within three...
Companies are exempt from Corporate Income Tax for a period of 10 years starting from the first year in which they report taxable profit if they invest in fixed assets an amount exceeding approximately Ђ8 million, and throughout the investment period they employ at least 100 additional employees.
Foreign investors in Serbia can enjoy the benefit of customs free import of raw material and semi finished goods for export oriented production. This benefit can either be achieved by operating in one of the free zones in Serbia or by a permit from custom office for outward processing production. In both cases finished products must be 100% designated for export.
There are about 3,000 highly qualified IT engineers currently working on projects for foreign partners, mainly in the field of software product and service development. Total annual revenue in this sub. sector alone is estimated at almost USD 100 million. The IT sector has an annual growth rate of 18.3% and a projected five year CAGR (Compounded Annual Growth Rate) of 16.8%. The value of the Serbian IT market in 2003 was estimated at USD 340 million. (Source: IDC ICT Sector Market Ana...