Blog
June 2020
Serbia, your next business destination.
In the highly dynamic and interconnected world of global business having paradigms of economic power being drawn and redrawn relentlessly, with reduced appetence for risk exposure and propensity to invest, Serbia has succeeded in maintaining its position as one of the leading foreign direct investment recipients in the world, proving [...]
May 2020
Why should you open the bank account in Serbia?
Special Offer until 31 July 2020 There are many benefits to opening the bank account through the branch office in Serbia such as: 1. Greater Level of Control A branch office is not considered a separate legal entity which means that its activities are entirely managed by the parent company [...]
How to Apply For Payment Institution or Electronic Money Institution Licensing In Serbia
WTS team has received many inquiries about a cost-effective way to license payment institutions (PI) or electronic money institutions (EMI), so we decide to write this guide that can be useful for many of you. If you are planning to provide payment services or issue electronic money, you will need [...]
April 2020
What You Should Know About Payment Services in Serbia
In compliance with the regulation changes of 1 October 2015 in Serbia, and accordance with the Law on Payment Services (Official gazette RS 139/2014), the payment services can be provided by legal entities whose only activity is payment operations services or legal entities with so-called hybrid activities, i.e. a legal [...]
WHY IS SERBIA AN IDEAL E-COMMERCE DESTINATION?
A guide to e-commerce in Serbia Selling in Serbia is worth considering for many international e-commerce sellers. E-commerce in Serbia – Market Forcast Revenue Revenue in the e-commerce market amounts to US$400m in 2020 Revenue is expected to show an annual growth rate (CAGR 2020-2024) of 7.1%, resulting in [...]
Your 8 Point Checklist to Starting an Ecommerce Business in Serbia
1. Start With Your Business Name The first thing to do (after you decide what you want to sell, of course) is to choose a fabulous, memorable business name that no one else is using. You can conduct a corporate name search to make sure it’s not already in use. [...]