One of the oldest cities in Europe, Belgrade is often described as “the gateway to the Balkans” because of its location at the confluence of the Sava and Danube rivers, chosen by the Celts who founded the city. In my opinion is Serbia one of the best place in the world. And also you have to know, the tax is one of the cheapest in Europe!

Some of the tax advantages for legal entities are:

• Linear corporate income tax rate 15%
• Special treatment of taxation in the field of research and development activities
• VAT and profit tax are among the lowest in Europe
• State subsidies for new employment and for newly settled persons
• The possibility of tax exemption from profit tax for 10 years for investments over 100 million dinars with the employment of at least 100 new employees
• The possibility of significant state subsidies for investments and employment of new workers with the fulfillment of the agreed investment and employment program.

Tax advantages for natural persons:

• Tax on dividends 15% linearly, without further taxation with synthetic tax
• Tax on capital gain 15% linearly, without further taxation with synthetic tax
• Tax on salaries 10%, in many cases there are tax benefits
• Tax residents of Serbia pay tax on their entire “world income” with the recognition of a tax credit for taxes paid abroad.
• Non-residents pay tax only for income earned on the territory of Serbia.

The tax system is schedular in combination with a synthetic annual tax. Every income of a natural person from various sources is taxed separately. The sum of these individually taxed incomes (earnings, income from the lease of movable and immovable property, etc.) is taxed at the end of the year with a synthetic annual tax at rates of 10% and 15% if they exceed three times the average salary in Serbia. The tax-free amount for people under 40 is six times the average salary. Synthetic annual tax is not payable on income from dividends and capital gains.

 

Types of taxes in Serbia

1. Indirect taxes

• VAT rates 20% and 10%
• Excise duties
• Customs

2. Direct taxes

• corporate income tax
• Personal income tax
• Property tax
• Tax on the use of goods (cars, yachts, airplanes)

Double taxation in Germany and Serbia

Between Germany and Serbia, the Double Taxation Avoidance Agreement is in force, which brings additional security to companies and individuals doing business in both countries. The exemption method applies as a method of eliminating double taxation. This method foresees that, depending on the solution in the Agreement, exemption from taxation in one country is applied for certain incomes, if that income is taxed in another.

Also, the Agreement foresees some preferential rates, which the resident of the country pays in the country of the source of income:

Dividends: 15% in the country of source of income

Interest: exempt from taxation in the country of source of income

Royalties: 10% in the country of source of income

Profit from business: exempt from taxation in the country of source of income, unless the profit is realized through a permanent business unit.

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GCI UNIT Worldwide is a division of TCME-Group Worldwide, one of the world’s leading professional corporate investment and foreign trade advisory firms, with a total of 17 divisions in various countries and headquartered in Malaysia.

GCI-UNIT Worldwide is very much a hallmark of high-quality service and professional excellence in many different practice areas.

With our department we are a global provider of Citizenship by Investment Programs, Honorary Citizenship, Residency Programs and Citizenship Solution over Economic Ministry. We are able to identify rare and exceptional opportunities for our clients around the globe, mainly combining sound investments with the benefits of permanent residence, passport and citizenship in this country

Our legal team and specialist lawyers are well-known in the global immigration field and have over 25 years of experience in fast-track dual citizenship programs.

We currently work with more than 70 countries, advise governments and help find investors for their projects and focus on high-net-worth individuals (HNWI) or companies that have at least double-digit million assets.

In contrast to the classic agent who wants to sell you a second citizenship, we see ourselves as a “boutice” for a special clientele.
It’s not just a question of which citizenship program is best for you, how much it costs in the respective country, but what happens after that?
Are there good international schools there for your children?
What are the business opportunities in the respective country?
What about health care, how much taxes do you have to pay in the country?
Can I obtain a second citizenship in a country of my choice even though it does not offer an official citizenship program, but the government is interested in individuals or investors who provide a benefit to the country and are therefore granted citizenship!

We are at home in every country where we offer you a residence permit or citizenship, we work locally with our tax advisors and lawyers and of course we know the country and its mentality.

In our opinion, it is not enough to just want to sell citizenship based on books or dangerous half-knowledge.

Another specialty area of full-service consulting is investment opportunity and solutions in Europe, particularly in the Balkans, Africa, Asia, the United Arab Emirates, the Caribbean and the Pacific.

Since 2016, we have been, among other things, an important mentor for various business groups, economists, financial managers, investment advisors, business leaders, lawyers and notaries in the implementation and development of programs as:

YOUR CHANCE FOR A BETTER LIFE

Global Citizenship Investment (GCI) is a global provider of:

Citizenship programs
Honorary citizenship
Citizenship through investment
Residency program
Citizenship through repatriation
Granting of citizenship in the special interest of the Republic

Therefore, we are able to identify rare and exceptional opportunities for our clients around the globe, combining, above all, solid investments that lead to the benefits of permanent residence, passport and citizenship in this country.

In addition, we are in direct contact with several governments interested in appointing business people with a specific network as honorary consuls should a suitable candidate emerge.

If you would like to discuss your internationalization and diversification plans, book a consultation session* or email us at: [email protected]

*A consultation session is a conversation about your portfolio and goals. It is not legal, financial, tax or investment advice.

GCI UNIT Worldwide Group
Level 33, Ilham Tower, 8 Jalan Binjai,
Kuala Lumpur 50450, Malaysia
www.citizenship-news.com
Telephone: +66 99091 8357 also for WhatsApp