Dejana, Author at Welcome to Serbia


Dear Client,


having worked with Clients from Europe, South and North America as well as Far East, we know how serious decisions need to be made in order to utilize all benefits of Serbian jurisdiction, especially when it comes to life-changing choices such as partially or completely moving business or even migrating with your family to Serbia and becoming tax resident in our country. Association “Welcome to Serbia” pays attention to every aspect of such migrations, making sure you can concentrate on essentials.


Why choose Association “Welcome to Serbia”?


1. We have international background

Overwhelming majority of our team members have been and are engaged in banking and immigration sectors in Andorra, Switzerland, Russian Federation and Serbia. Such experience gives us opportunity to create tailor-made solutions and mechanisms created to support cross-border payments, non-resident and partially non-resident projects, as well as all other necessities that are, keeping in mind the structure of our Clients, never restricted to one jurisdiction.


2. Communicate on most spoken languages with us

We know how important is to understand each other well, especially when it comes to immigration, general business or accounting consultancy and services. That’s why our team consists of English, Russian, Spanish and Serbian speaking management, advisors, Client managers, accountants and associates, who will make sure there are not any language barriers to effective communication.


3. Banking expertise that will help you concentrate on essentials

Experience of working in private and commercial banking sectors of afore mentioned European jurisdictions allowed us to perceive various situations from the compliance perspective which guarantees serious, detailed and proactive approach to the structuring of the banking aspect of your business. We are not the ones that will only assist you open bank account: we will be helping you maintain and utilize it while developing good relations with the bank.


4. Extensive legal services at your disposal

Our legal advisors and associated attorneys-at-law specialized in immigration and property law are involved in the structuring of the Client’s business model from the very beginning in order to use particular, tailor-made legal model as a flexible stronghold and not obstacle to the future development or changes to the business structure.


5. In-house accountancy covering all your needs

Your finances involve far more than just lodging your annual income tax statement. Our accountancy experts cover personal income tax for newly become residents, corporate income tax for all types of legal structures, double tax avoidance regulations, VAT, property tax, loans, expenditures and structuring: all with the aim of optimizing tax obligations,reducing tax risk and handling relations with state authorities.


6. Be advised and services regarding brokerage and cryptocurrency licensing

Our team of banking, legal and accouting experts is constantly monitoring new possibilities, especially when it comes to Serbian law on cryptocurrencies. Get in touch with us and develop your strategy for the presence on growing blockchain market in Serbia, on the basis of convenient regulations. We are ready to deliver all-around support in such projects, starting from assistance in preparing special internal documents, to the day-to-day banking support.


7. Grow with the help of our marketing team

Expand the size and scope of your company’s customer base with online marketing strategies including search engine optimization (SEO), pay-per-click (PPC) digital advertising and direct mail marketing. We will help you optimize your marketing budget in order to turn your marketing into a stable source of revenue.


8. Protect your family assets with our help

We are pleased to say that we’ve become pioneers at structuring Endowments of private interest. Help us understand your needs and we will assist you on the basis of comprehensive feasibility analysis, making sure your business success becomes a stable foundation of your family’s prosperity,


9. Family Office services: your one-stop shop in Serbia

Whether you’re a HNWI, upcoming entrepreneur or a foreign student count on our team as one-stop shop for your needs in Serbia. We never underestimate the importance of activities that may not be treated as priority, although they affect your life: simple administration needs, on ground assistance in correspondence with local authorities, transport related activities, property maintenance and many other.


10. Exchange knowledge and become our Partner

Last but not the least, we are always ready to learn and cooperate. Feel free to advise on the form and mechanism of presence in your country, sign a Partnership Agreement with us and refer Clients to us, in the best professional and financial interest of both sides.


Our key success factors are a combination of experience, as well as fast, immediate but precise solving of all tasks: most importantly: a passion for our job.

Please contact us for more information.


Email:; Mob:+381 646594849 (WhatsApp, Viber, Telegram)

Serbia Starts the Implementation of a New Cryptocurrency Law

Serbia’s Law on Digital Assets went into effect last week. The Serbian parliament has also adopted a set of amendments to the tax regulations covering digital assets and bylaws, which regulate cryptocurrency business in detail.


Among other things, the adopted bylaws specify payments in foreign currencies in connection with digital asset transactions, identification and verification of the identity of a natural person using means of electronic communication (video-identification), licensing of cryptocurrency business and the approval of the National Bank of Serbia.


The Law defines the basic terms related to digital assets, including digital assets themselves, virtual currency, digital asset-related service provider, user of digital assets, white paper and similar terms.


The scope of the Law is defined as the regulation of issuance of digital assets and secondary trading in digital assets in the Republic of Serbia, provision of services related to digital assets, lien and fiduciary rights to digital assets, the competence of the Securities Commission and the National Bank of Serbia as the bodies responsible for supervision of the provisions of this Law.


The Law regulates crowdfunding, which maybe represents the most important feature of the Law since it can be seen as an innovative way to obtain capital for SMEs. The Law states that, in order to obtain capital, issuers can issue digital tokens that do not have the characteristics of stocks, nor are they exchangeable for stocks, provided that the total value of the tokens issued for one year does not exceed the amount of 3,000,000 euros.


The law defines the user of digital assets as a physical person, entrepreneur or legal entity, which uses or used a service connected with digital assets or addressed the digital asset-related service provider for the usage of this service. This way, users are awarded certain rights and obligations in the situation when they use the services of digital asset-related service providers, which can be compared with the legal regime and protection that consumers enjoy when buying goods and services with special reference to the electronic conclusion of contracts.


The law also defines the owner of digital assets as a user of digital assets, but also as a person who acquired digital assets regardless of the business relationship established with the provider of services related to digital assets or transactions performed through that provider. The Law here refers to mining of crypto currencies as a way of obtaining them without establishing a business relationship with the provider of services. The Law explicitly allows mining but it also explicitly states that the Law is applicable to mining only if it is managed through a digital asset-related service provider.


The Law provides for the constitution of lien on digital assets, as well as fiduciary rights to digital assets.


The supervisory bodies for the application of the Law are the National Bank of Serbia, for the part of the Law related to crypto currencies as a type of digital assets, and the Securities Commission, for the digital assets that have the characteristics of financial instruments.


Please contact us for more information.

Email:, mob: +38160 1849 443 (WhatsApp, Viber, Telegram)

15% Global Minimum Tax Rate Bye-Bye OFFSHORE!

Finance leaders of the world’s seven largest economies (G7) came to an agreement over the weekend that aims to change that. The agreement seeks to establish a global minimum tax rate of 15%. Companies would pay this amount no matter where their headquarters were located.


Why Global Minimum?


Major economies are aiming to discourage multinationals from shifting profits — and tax revenues — to low-tax countries regardless of where their sales are made.


Increasingly, income from intangible sources such as drug patents, software and royalties on intellectual property has migrated to these jurisdictions, allowing companies to avoid paying higher taxes in their traditional home countries.


With its proposal for a minimum 15% tax rate, the Biden administration hopes to reduce such tax base erosion without putting American firms at a financial disadvantage, allowing competition in innovation, infrastructure and other attributes.




How Would a Global Minimum Tax Work?



The global minimum tax rate would apply to overseas profits.

Governments could still set whatever local corporate tax rate they want, but if companies payed lower rates in a particular country, their home governments could “top-up” their taxes to the minimum rate, eliminating the advantage of shifting profits.

The imposition of the global minimum tax would have a significant impact on the use of tax incentives.


  1. The global minimum tax would neutralize the low tax incentive.
  2. The global minimum tax may result in tax revenues effectively being exported to other jurisdictions such as offshores.



Inevitably, the global minimum tax would put pressure on those countries who have headline rates below the global minimum to increase their domestic rates. If not doing so, they would effectively export tax revenues.



What is Next?



A G20 meeting scheduled for the next month in Venice will show whether the G7 accord gets broad support from the world’s biggest developing countries.


The G7 communique left open what will happen in the meantime to digital services taxes on big technology companies in various jurisdictions, which the United States wanted to be scrapped as soon as the agreement was in place.


It said only that there should be “appropriate coordination between the application of the new international tax rules and the removal of all digital services taxes”.

Any final agreement could have major repercussions for low-tax countries and tax havens.

Corporate income tax rate in Serbia is among the lowest in Europe, it is currently set at 15% and you can legally avoid paying dividend tax if you include your endowment into ownership structure.


Feel free to contact us for more information about tax incentives for a company in Serbia.

email:; mob: +381 60 0622 940 (WhatsApp, Viber, Telegram)

Chia cryptocurrency


Chia is new cryptocurrency which has attracted enormous attention worldwide. This new cryptocurrency is backed by renowned American programmer Bram Cohen. He developed the BitTorrent protocol, which led to the emergence of torrent trackers. Cohen calls Chia an environmentally-friendly cryptocurrency. He compares it to Bitcoin and other “classic” tokens, the production of which requires a colossal amount of electricity. It is considered to be an ecological currency because it is not created with a graphics card but with storage space, so its mining requires incomparably less energy than other cryptocurrencies.


Expectations from this cryptocurrency are high, in some countries there has been a lack of SSDs of high performance and the production of specialized SSD cards for mining operations is taken into consideration.


As with other cryptocurrencies, the question, which arises is how to introduce crypto money into legal flows, as well as what is the tax treatment of this money.


Serbia is now home to many successful fintech start-ups and many other businesses are overhauling their models, often in cooperation with Fintech companies.


Under the new Law on Digital Assets only a company that is registered in the Republic of Serbia can be a Provider of services related to digital assets. The entity applying for the relevant license must have a minimum registered capital of EUR 20,000 to EUR 125,000, depending on the type of service it will be providing.


  • Value Added Tax Law – Transfer or conversion of cryptocurrency to cash will be VAT exempt without the right to deduct input VAT.
  • Corporate Income Tax Law – Sale or other transfer against consideration of digital assets by legal companies will be subject to capital gains tax at the rate of 15%. If a taxpayer invests the funds generated by the sale of digital assets in the share capital of a resident company in Serbia within 90 days of the sale, 50% of the capital gains tax will be exempt. A refund of 50% of paid capital gains tax will be made within 12 months from the date of sale of the digital assets.
  • Non-resident entities will be subject to a 20% tax on capital gains realized from the sale of digital assets unless there is an applicable double taxation treaty that exempts such gains from taxation in Serbia.
  • Personal Income Tax Law – Similar to the CIT Law, sale or other transfer against consideration of digital assets by individual taxpayers will be subject to capital gains tax at the rate of 15% on the positive difference between a contracted price, i.e. market value and acquisition value of the digital asset. Generally, acquisition value is documented as the price actually paid. In the case of digital assets acquired through ‘mining’ or from the employer through a share plan, acquisition value would be determined under specific rules. PIT Law prescribes a tax exemption for 50% of realized capital gains if the gain is invested into the share capital of a Serbian legal entity or investment fund.
  • Law on Property Taxes – Digital assets will be subject to inheritance and gift tax at the rate of 2.5%, whereby the tax base is the market value of digital assets at the moment they are inherited/gifted. Property tax and property transfer tax do not apply to digital assets.


Our association can provide a way how to start or move Your cryptocurrency business. Also we are more than able to help you run your business in a safe and successful way.


For more information regarding the Law on Digital Assets and starting a crypto business in Serbia, please contact us. Email: Mob: +38160 0622947 (WhatsAppViber, Telegram)