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Internet banking for non-residents in Serbia

Over the last decade managing personal and corporate bank accounts via internet, on Client’s telephone or personal computer, has become international bank standard. When it comes to non-residents in Serbia, they are subject to special set of rules regulating this matter. Nevertheless, these rules are not drastically different from rules that apply to Serbian residents, so it is safe to say that internet banking for non-resident’s personal accounts is not limited per se, while corporate internet banking for non-residents, as signatories to resident accounts, is not limited at all.

 

 

The most evident limitation of non-resident internet banking is the inability to execute payments in foreign currency online. This limitation is based on local foreign currency regulations and extend to resident accounts as well. In that sense, there are two ways to execute payments in foreign currency:

 

  • personally, by signing payment order in front of bank employee,
  • authorizing physical person that than conduct such actions.

 

 

 

Generally, there are two ways to authorize other physical person to manage Client’s account, regardless of whether the authorization is in any way limited or not:

 

  • withing the bank procedure, which requires personal presence of both (or more) physical persons,
  • via external, duly certified PoA.

 

 

Limitation that relates exclusively to non-resident accounts consists of inability to execute payments in local currency online, as well. In accordance with foreign currency regulations, Clients who obtain Serbian temporary residency permit shall be treated as resident after a period of one year from the day of obtainment of temporary residency permit, which means that their account can be converted to resident account, so that this limitation can be removed from their bank profile.

 

When it comes to interface used by Serbian banks, depending on the particular bank it is sufficiently user-friendly. Technical solutions offered to retail Clients are often simple and colorful, while corporate Clients can often choose between bank’s in-house solution and external solution. Internet bank is always available in English version and support for English version users is constantly getting more operative, regardless of the bank.

 

Keeping the above mentioned in mind, it is clear that non-residents can use the internet banking mostly in order to monitor the accounts, as well as to execute intra account payments and transfers, such as foreign currency conversion.

 

Most reliable and simple mechanism needed to overcome stated limitations is offered by the banks themselves: standard and special debit cards. Local banks issue Visa and MasterCard debit cards to residents and to non-residents. Debit cards can vary from standard to “Platinum” or “Gold” versions and all versions are equipped with CVV/CVC code needed for internet payments. Visa and MasterCard debit cards issued by Serbian banks can be used world wide and are fully compatible in terms of linking them to popular payment processors or similar platforms.

 

In that sense, debit cards are the main instrument of payment execution both in case of local currency and foreign currency transactions.

Special Permits in Serbia

Special Permits in Serbia

Licenses for the Companies (Businesses) in Serbia

 

 

In order to start most of businesses in Serbia, it is enough to be formally entered in a relevant register, i.e. to be formally registered with a competent institution. However, in order to perform certain activities, due to their special nature, it is necessary to obtain an additional approval. In Serbia, licenses are issued by competent institutions after the submission of a request.

 

That way, in order to, for example, perform educational activity, all educational institutions, from elementary schools to faculties, as well as other institutions performing the activity of adult education, shall first obtain a permit issued by the Ministry of Education, Science and Technological Development. The special permit is also required for psychological counselling centres, as well as adult foster care home, in case it is an entrepreneurial activity. A permit issued by a local government unit is required for the performance of the activity of social protection for older people and people with special needs (in-home support).

 

When it comes to the insurance agent and brokerage activities, they require a license issued by the National Bank of Serbia. In order for you to register as a bankruptcy manager, it is necessary to obtain the licence. On the other hand, in order to perform the public bailiff activity, it is necessary to obtain a permit issued by the Ministry of Justice. Customs representation and audit activities also require a special permit.

 

In order to perform the taxi driver activity, it is necessary to obtain a permit issued by a local government unit, while the private security activities require a permit issued by the Ministry of Internal Affairs. A permit to work in an employment agency is issued by the Ministry of Labour, Employment, Veteran and Social Affairs in case certain conditions have been met. Apart from these, special permits in Serbia shall be obtained for the following activities as well:

 

  • Providing services related to cryptocurrencies
  • Real estate business
  • Performing pharmacy, medical practice and health care activities
  • Investment funds, venture capital funds
  • Payment institutions
  • Broker-dealer activities

 

 

Licences in Serbia for the provision of services related to cryptocurrencies

 

The Law on Digital Assets prescribes the obligation of the service provider to obtain the permit for providing services related to digital property, i.e. crypto license issued by the competent authorities. The license shall be issued before starting to provide the services. Depending on the type of digital assets, crypto licenses in Serbia are issued by the National Bank of Serbia and the Securities Commission.

 

The Legislator defines the minimum financial, technical and organisational standards, while the competent authority gives approval to the selection of the members of the service provider management. In order for a legal entity to obtain special permits in Serbia, it is necessary to provide the minimum capital in the amount of EUR 20,000-125,000, depending on the services that it wants to provide.

 

 

Special permits in Serbia for real estate brokerage activity

 

The Law prescribes the obligation to enter a legal entity into the Agent Register. The final decision on that is adopted by the competent minister within 30 days. After that, it is possible to start performing the real estate brokerage activity. The Law prescribes basic conditions for entering the legal entity into the Register, including adequate business premises, insurance contract, as well as professional competence of at least one person, who is the founder or an employee. Professional competence for the performance of real estate brokerage activity is determined based on a professional exam.

 

 

Licenses required to perform pharmaceutical activities

 

Before opening a pharmacy, it is necessary to obtain a permit issued by the Ministry of Health. This is also required for the activities related to medical and dental practice, as well as health protection. A competent inspector shall check if the conditions related to the staff competence, building adequacy, acoustic and thermal insulation, waterproofing, access to the electrical grid, appropriate indoor temperature (18-25°C), etc. have been met. The pharmacy shall display the inscription “Pharmacy”, name and surname of a pharmacist in charge, as well as the pharmacy symbol, i.e. one of the following symbols: bowl with a snake, scales, mortar and pestle, white, i.e. green cross.

 

When it comes to veterinary and agricultural pharmacies, these require special permits issued by the Ministry of Agriculture, Forestry and Water Management. In order to produce pharmaceutical products, it is necessary to obtain a document confirming that conditions regarding the production of a specific medication have been met.

 

 

Special permits in Serbia related to investment funds

 

A management company and portfolio manager, who have previously been given the permit by the competent Commission, perform organization and management activities and adopt decisions on investing the investment fund assets. The management company shall meet the minimum organizational, staff and technical requirements, prescribed by the Commission. Monetary part of the management company capital stock is at least EUR 125,000 but that part can be kept as securities during the operation of the company. The management company shall engage at least one portfolio manager to manage the investment fund.

 

It is prescribed by the Law that venture capital funds that invest their assets into start-ups and companies in the early stages of their development shall be managed by the management company.

The management company shall determine an investment strategy and guarantee that the venture capital fund meets all the required conditions. In addition to the requests for the issuance of the permit for the venture capital fund, the management company shall submit a request for the issuance of the permit for the depository in charge of preserving the fund assets, monitoring cash flow and operation. The depository can be a credit institution headquartered in Serbia, which has the Commission’s permit for a specific fund.

 

 

Requirements for obtaining payment institution licenses in Serbia

 

A company that intends to provide payment services, such as payment institution, shall submit the request to the National Bank of Serbia in order to obtain a licence in Serbia. The request shall be supported by a list of payment services, memorandum of association, a proof that they have the prescribed amount of seed capital (at least EUR 20,000-125,000) at their disposal, description of the organisational structure, procedure and internal control and internal audit mechanisms, information about the future management, etc.

 

 

How to open a brokerage company in Serbia?

 

The request for the permit to perform broker-dealer activity shall be submitted to the Commission, along with the memorandum of association, operating rules, tariff rulebook and a proof of fulfilment of the conditions such as minimum capital stock, staff, technical and organisational competence.

 

For the purpose of performing dealing activities, brokers shall have the broker license issued by the Securities Commission. A licenced brokerage company can open brokerage online accounts for its clients, i.e. brokerage investment accounts that are used to buy and sell securities.

 

 

Other activities requiring special permits

 

In order to provide public utility services, perform motor freight transportation, road maintenance, market activity, provide parking services and perform other activities of public importance, it is necessary to conclude a contract with the competent local government unit. A special permit is required for the provision of postal services, setting up wireless network for rebroadcasting cable channels, radio programs and providing Internet services. The condition for performing activities related to excisable goods (coffee, alcohol, cigarettes, oil derivatives) is to have previously obtained permits.

 

The permit is also required for building engineering and construction, manufacturing and selling weapon and military equipment, manufacturing and using particularly hazardous chemicals, as well as mining. Of course, there are other activities requiring a licence and some of them are energy-related activities. In relation to these, the Energy Law precisely determines conditions as well as types of energy-related activities requiring special permits.

 

For any additional and detailed information about special permits related to your activity, as well as the conditions that shall be fulfilled in order to start a business in Serbia, please contact us via nb@welcometoserbia.org or +381601849443 (WhatsApp, Viber, Telegram).

 

 

Business on Sale in Serbia

Business in Serbia

 

A business idea is the essence and the driving force of any business. When an idea is formed, the actual start of business operations comes on the scene, involving a series of activities which require a lot of time and effort. Furthermore, if a business is started abroad and in a totally new environment, it will be necessary to make energy and time savings, given the fact that the entire process is extremely complex and difficult. The best way to streamline and expedite the start of a business is to bypass the first most complex steps, i.e. to purchase a ready-made, already worked out business. Serbia is offering a broad market of businesses on sale from very diverse business areas. These areas, although very different, may be classified into several categories according to their subject matter:

 

 

  1. Hospitality facilities

 

A large number of businesses offered for sale are related to hospitality services. These are, primarily, the services of hospitality facility management. Apart from restaurant management, the management of numerous night clubs, cafes, bars and confectioneries is also on sale. The offer of sale of these activities most often includes the sale of space where the business is conducted.

 

 

  1. Hotel industry

 

Hotel management is a very popular business on sale, including sometimes even the management of entire tourist settlements, which simultaneously involves management of accommodation units, restaurants and other related business. In addition to management of constructed hotel and apartment accommodation, it is frequently the case that preliminary designs or designs in the course of implementation are offered for sale, and these may refer to entire complexes and settlements.

 

 

  1. Beauty parlours

 

Among the offered service industry businesses, you may find management of beauty parlors, which again quite often includes sale of the related space and of the entire equipment. The equipment also includes larger and more expensive pieces of equipment, such as sunbeds, medical lasers, etc, as well as the furniture required for such activity.

 

 

  1. Exchange offices

 

The business of managing exchange offices in Serbia is also quite often on offer, frequently including the equipment at extremely good locations, most often in Belgrade, but also in other cities.

 

 

 

  1. Production industry

 

Factories engaged in the production of very diverse products represent a large part of business offered for sale in Serbia. The most popular are factories producing chemicals, paper, plastic, furniture, home appliances and protective equipment.

 

 

 

  1. Trade

 

The offers often include trading in these very products, involving also car parts, as well as medical and aesthetic devices and pieces of equipment. Especially prominent is trading in textile industry products.

 

 

 

  1. Agriculture and food production

 

In reference to the above, fruit, vegetable and tea production represents the activity which ranks high in the business market of Serbia. On sale is ownership of entire farms, as well as the companies engaged in fruit processing and drying, commercial freezers or production of meat and processed meat products.

 

 

 

  1. Shops and retail chains

 

Production of other food products and supplements is a part of many offers, quite often together with shops where the trading activity is conducted. Apart from individual shops of food products, entire retail chains are offered for sale, including also pharmacies, flower shops, news stands, etc.

 

 

 

  1. Online business

 

In online environment, there are worked out websites most frequently for the sale of household and sports equipment and clothes, as well as Instagram pages with the similar purpose. However, there are often activities related to online education on various platforms and websites, usually involving a type of training for specific jobs. These offers sometimes include the sale of start-ups in the area of information technologies.

 

 

 

  1. Transportation

 

Transportation companies are quite frequent in the business market of Serbia. These companies engage in the carriage of goods, some of them in the transportation of patients or the elderly, some are courier service companies while a number of these deliver food, and in this regard entire businesses of food delivery to the address are sold.

 

 

 

  1. Agencies

 

Apart from the companies, a large number of businesses on sale include entire agencies engaged in very diverse areas – some of them are travel agencies, while others are accounting firms or employment agencies.

 

 

 

  1. Sports

 

Gyms and sports centres are another type of business that may be purchased quite easily in Serbia, most often together with the devices and equipment they require. Offers on sale sometimes include larger sports complexes with balloon halls or tennis courts.

 

 

 

  1. Hygiene

 

The most frequent offers include car wash facilities, laundry facilities, companies engaged in dry cleaning of clothes and furniture, as well as pet grooming parlours.

 

 

Therefore, the Serbian business market offers a variety of options that could suit a large number of buyers. It is not complicated to buy a business, though the offers are most often found on a variety of different websites made or specialized for the sale of other services or individual products, second-hand goods, property, etc. It has become required, therefore, within our company, to systematize this type of offers, which resulted in the website Business and Serbia. The website is intended precisely for advertising the offers relating to the sale of businesses, and also the sale of property as the other element required to live and work in our country. In our blog you may also find very informative texts about the advantages of business development in the Republic of Serbia. Welcome!

Why Is Serbia a Good Place for a Family?

Why Is Serbia a Good Place for a Family?

 

When it comes to choosing a country for your family, Serbia makes a great choice. In this respect, Serbia is characterized by:

  • good education system
  • good health care system
  • beautiful nature
  • hospitality
  • rich cultural heritage
  • interesting tourist destinations

 

 

The education in Serbia dates back to the 12th century and today it is under the supervision of the Ministry of Education, Science and Technological Development of the Republic of Serbia. Now, the education is divided into pre-school (kindergarten), primary (primary school), high (high school) and higher education (faculties at universities and the Academy of Arts). Serbia cooperates with many universities across Europe and the globe, which is a great chance for students to go to those countries as a part of student exchange programs.

 

 

Serbian health care system is the best in the region. On the 2018 EHCI (Euro Health Consumer Index) list, Serbia took the 18th place in Europe. Serbia ranked higher than Spain, Italy, Greece, Poland, Ireland, Hungary, etc.

 

Serbia is a country of numerous natural goods. All the way from the wide plain in the north to the high mountains in the south, Serbia will surprise you with the diversity of landscapes and wildlife. Many plants and animals, which have almost been extinguished in other parts of Europe, found refuge here.

 

 

Hospitality is one of the things that characterizes Serbia and the Serbian people; it is sacred to Serbian patriarchs. Smile, kindness, good humor, friendliness, open-heartedness and willingness to help any human being are the main characteristics of the healthy social environment that Serbia can offer.

 

 

Serbia can boast of a truly huge tangible and intangible cultural heritage. And not only heritage; it can also boast of continuous active cultural affirmation. Apart from the original culture of the Serbian people, the culture in Serbia also includes cultural impacts of other countries and people affecting Serbian territory throughout history. The Serbian language, folklore and traditional stories, traditional holidays and customs, as well as art in the broadest sense of the word.

 

 

Serbian tourism keeps growing, year after year. Our country abounds in great tourist destinations. Some of the best-known are: the Uvac Special Nature Reserve, Djerdap Gorge, Đavolja Varoš (Devil’s Town), Golubac Fortress, Ovčar-Kablar Gorge, Krupaj Spring, Vlasina Lake and many other places.

 

Business Relocation to Serbia – Why Should You Choose Serbia?

The current inflation growth has intensified the efforts to maintain profitability and this is why many companies opt for the relocation to cheaper countries. For several years now, Serbia has been at the top of the list of countries that investors from all parts of the globe choose when making the decision on relocation. If you are still thinking about where to relocate your business, below you can find specific reasons to choose Serbia.

 

 

 

 Why Is Serbia the New Business Destination and Why Should You Opt for Business Relocation to Serbia?

 

  • As a result of the unique geographical position and well-developed infrastructure, Serbia is a perfect place for the companies that want to provide services to their clients in the European Union, Southeastern Europe and Middle East in the most efficient way.

 

  • Free Trade Agreements concluded with a great number of countries enable duty-free export.

 

  • Well-developed and stable banking system, with its affordable fees and simple procedures, enables money transfers to all world currencies.

 

  • Low operating costs such as salaries, rental fees, electricity and gas bills create a strong background for gaining competitive advantage. This is one of the key factors affecting the process of making the decision on business relocation to Serbia.

 

  • Favorable tax system, including low rates, free economic zones and agreements on the avoidance of double taxation.

 

As a result of all the listed benefits, thousands of foreign companies are already successfully operating in Serbia, including Bosch, Michelin, Siemens, Leoni, NCR, Panasonic, Continental, Syngenta, Microsoft, Swarovski, Schneider Electric, Toyo Tires…

 

 

 

 

 

Extremely Favorable Geographical Position

 

 

The largest part of Serbia is located on the Balkan Peninsula, while the northern part of the territory is located on the territory of the Central Europe. Since it is positioned between the East and West, Serbia is an integral crossroad with a branched road and railway network. Serbia connects the West and Central Europe to Mediterranean and Southwest Asia, and the “Corridor X”, which passes through Serbia and connects all countries all the way from Austria to Greece, is of special importance.

 

The Danube Corridor or “Corridor VII” is the most profitable transport corridor and it connects 10 European countries. A 3,500km long water route has been established along the Danube River and the Rhine-Main-Danube Canal. This has connected the northern and western parts of Europe, which are well developed in terms of economy, to the Black Sea, which abounds natural resources (oil, gas, ores, minerals).

 

The Slovenian Port of Koper, Croatian Port of Rijeka and Romanian Port of Constanta at the Black Sea are the most strategically important ports for Serbia. The port of Rijeka is important for container transport because importers use it to transport goods from China. The Port of Constanta is both sea and river port, and its connections to the Serbian Port of Novi Sad offer a more efficient and faster route that is more competitive in terms of prices. Thanks to water transportation from the Port of Novi Sad, through Constanta and Jebel Ali in Dubai, companies in Serbia can market their products across the globe.

 

 

 

 

 

 

Free Trade Agreements

 

Thanks to free trade agreements, the export of goods from Serbia to the markets of Southeast Europe (CEFTA), EFTA, Eurasian Union (Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan) and Turkey has been ensured. If you add preferential terms of trade with the EU and the U.S. to it, the total Serbian export potential exceeds a billion consumers. With several exceptions and annual quotas, the duty-free regime covers most key industrial products.

 

By concluding the announced free trade agreement with China, Serbia will become the third European country, besides Iceland and Switzerland, to offer domestic products to Chinese consumers with no limitations. That way, the products made in Serbia will be given the opportunity to be in one of the largest markets at the moment.

 

 

 

 

 

 

Well-Developed and Stable Banking System

 

A large number of banks offering a variety of high-quality banking services to both natural and legal persons successfully operate in Serbia. Apart from domestic banks, the West European banks are the most numerous, followed by the banks from the United States of America, China, Russia, Turkey and the United Arab Emirates.

 

Serbia is a part of the international payment system and you can make a payment or receive a payment from abroad in the currencies such as euro, dollar, Turkish lira, Russian ruble, Chinese yuan, etc. quite easily.

 

 

 

 

 

A More Favorable Taxation System

 

 

Serbian Government offers different incentives and bonuses to foreign investors, as well as 65–75% tax and contributions return to open new vacancies. A special incentive is the 15% corporate income tax rate, which is by far the most favorable in comparison to the majority of EU countries. For comparison, in 2021, the average corporate income tax rate in the EU countries was 20.71%, while the same rate reached 25% in Austria, 26.50% in France, 30% in Germany, 24% in Greece, 24% in Italy, 16% in Romania, 18% in Croatia, 19% in Poland, 19% in Slovenia.

 

Apart from this, there are 15 free zones in Serbia where service and production activities can be performed in the preferential tax regime. The benefits include exemption from VAT and the duty on import of raw materials and materials intended for the production of goods to be exported. Wages and income gained within a free zone can be transferred to any country, including Serbia, fee, duty or tax-free.

 

Another big advantage of doing business in Serbia is more than 65 contracts on the avoidance of double taxation, concluded between Serbia and other countries. Most of the mentioned Contracts were signed by European countries such as Germany, France, Austria, Slovenia, Denmark, Poland, etc.

 

 

 

 

 

 

Average and Minimum Wages in Serbia Are Significantly Lower Than Wages in Other European Countries

 

Serbia has highly-educated and skillful workforce, especially when it comes to IT sector, as well as relatively lower wages in comparison to the EU or the U.S. In 2021, the average net wage was €2,079 in the EU, €2,332 in the euro area and €560 in Serbia, which means that the average wage in Serbia was only 27% of the average wage in the EU. In March of this year, the average employee net wage in Serbia was €635, i.e. €870 including taxes and contributions. In the same month, the median net wage was approximately €470, which means that 50% employees received wages that are no higher than the given amount.

 

According to the latest analysis of the Organization for Economic Cooperation and Development, Switzerland is at the top of the list of the countries whose employees have the highest average net wage in Europe (€4,900 per month), while Austria (€3,104 per month) and Germany (€2,952 per month) are among the first ten. When sorted by the salary tax amount, Germany (48.1%) and Austria (47.8%) are at the top of the list once again, right after Belgium (52.6%). Having these numbers in mind, it does not come as a surprise that a large number of foreign Swiss, Austrian and German companies opted for business relocation to Serbia.

 

According to the latest Eurostat data, the minimum gross monthly wage in the EU countries ranges from €332 in Bulgaria to €2,257 in Luxembourg. Ireland, The Netherlands, Belgium, Germany and France are among the countries that have the highest minimum wage exceeding €1,500. In Serbia, the gross minimum wage for the year 2022 is €401, which means that the net minimum wage is €300.

 

The research of the website for hiring IT personnel shows that the average developer’s wage in 2021 was €1,664 in Belgrade, €1,104 in Novi Sad, €1,229 in Niš and €1,196 in Kragujevac. When we compare this to the average developer’s wage in Germany, we come to a conclusion that one developer in Germany ‘costs’ the same as three or four developers in Serbia.

 

 

 

 

 

 

Lower Rental Fees, Electricity and Gas Bills

 

 

Apart from the fact that the company registration process in Serbia is very simple and fast, LLC share capital is only one euro, while further investments depend on the activity performed.

 

Serbia, especially Belgrade, offers a variety of office buildings, which can be rented for €400 per month at the most popular locations in Belgrade. The most attractive location is New Belgrade, where a 30m2 office can be rented for less than €600, while the same office can be found for €200–300 in the suburbs. If you still want to save as much money as possible, there is also the possibility to rent a co-working space shared with other companies, while a desk in a shared workspace costs €150 per month.

 

A single person monthly cost of living, without rent, are approximately €480 in Belgrade, while the amount exceeds €600 in Slovenia and Zagreb, i.e. €800 in Germany and Austria. Although the fuel price has increased even in Serbia, it is still more affordable than in most other European countries. According to the Eurostat report, the electricity price in Serbia in the first six months of 2021 was 0.0811 €/kWh for companies, which is among the lowest in Europe. The highest electricity price was in Denmark (0.3448 €/kWh) and Germany (0.3234 €/kWh). With the increase in gas price, this expense will become one of the most important items of the total operation costs, which will also affect company competitiveness.

 

If you would like to relocate your business to Serbia and you need help, a team of experienced professionals of the Welcome to Serbia association is at your disposal. We will be glad to help you throughout the business relocation to Serbia and further successful operation. Apart from this, we can help you throughout the process of obtaining a residence permit, opening a bank account and solving all other issues to make your arrival to Serbia as fast and simple as possible.

 

 

 

 

 

 

 

 

 

 

 

Real Estate in Serbia – Prices Are Still Rising

According to the Republic Geodetic Authority report for the first quarter of 2022, the number of real estate sold in Serbia has reached 32,164, which is 6,7% more than in the first three months of the previous year. The best-selling apartments are in Belgrade, although the increase in demand has caused an increase in real estate prices. Data show that 1,6 billion euros has been invested in the real estate market, which represents an increase of approximately 22,2% in comparison to the same period in 2021.

 

 

 

Newly Built Apartment Prices

 

In the first quarter of this year, the newly built apartment prices in Belgrade increased by nine percent, which means that the average price per square meter now equals €2,165. The prices were rising from five percent at Voždovac to even 28% in the municipality of Palilula, where the average price is €2,553. In two Belgrade municipalities, Stari Grad and Savski Venac, the average price per square meter of newly built apartments has exceeded 3,000 euros.

 

The apartment prices have also increased in Novi Sad, where the increase of even 16% has been recorded in respect of new buildings, so the average price per square meter reaches €1,505. Lower price increase (five and two percent) has been recorded in Niš and Kragujevac.

 

 

 

 

Old Apartment Prices

 

Apartments in old buildings are still more affordable than new apartments, but the growth trend of their prices is higher than the growth trend of newly built apartment prices. In Belgrade, old apartments are 15% more expensive and the average price per square meter is €1,680, 21% in Novi Sad and it equals €1,517, 23% in Niš and the average price there is €1,020.

 

The average prices per square meter in the central municipalities of Belgrade for the first three months of this year are given in the table below:

 

Municipality The average price for newly built apartments, €/m2 The average price for old apartments, €/m2
Stari Grad 3,000 2,455
Savski Venac 3,310 2,050
Vračar 2,288 2,237
Zvezdara 1,932 1,767
Palilula 2,553 1,712
Voždovac 2,040 1,616
Novi Beograd 2,357 1,935
Zemun 1,755 1,658
Čukarica 1,595 1,542

 

 

Source:https://www.rgz.gov.rs/usluge/procena-i-vo%C4%91enje-vrednosti-nepokretnosti/izve%C5%A1taji-sa-tr%C5%BEi%C5%A1ta/izve%C5%A1taji-za-medije

 

 

 

 

 

Which Parts of Belgrade Are the Most Popular?

 

Belgrade represents the biggest real estate market in Serbia with a diverse offer. Although central municipalities are still in demand, the demand focus is slowly relocating to suburban municipalities, which have grown and developed. This is how Novi Beograd has stood out as a municipality where many apartments are built and sold, so as many as 769 apartments were sold in the first three months of this year. The advantages of this municipality are numerous shopping malls, luxury neighborhood construction, well-planned infrastructure with numerous parking spots and main streets with multiple lanes.

 

The amount of apartments sold in central Belgrade municipalities in the first three months of 2022 is given in the table below.

 

 

Municipality Apartments sold – new buildings Apartments sold – old buildings Total
Stari Grad 61 152 213
Savski Venac 349 79 428
Vračar 104 130 234
Zvezdara 177 192 369
Palilula 98 152 250
Voždovac 198 216 414
Novi Beograd 317 452 769
Zemun 96 140 236
Čukarica 60 162 222

 

Source:https://www.rgz.gov.rs/usluge/procena-i-vo%C4%91enje-vrednosti-nepokretnosti/izve%C5%A1taji-sa-tr%C5%BEi%C5%A1ta/izve%C5%A1taji-za-medije

 

 

 

 

Buing an Apartment in Serbia for €50,000

 

 

For €50,000, you can buy an apartment under 30m2  in the center of Belgrade or, to be specific, an old 28m2  apartment in the municipality of Vračar. For the same amount of money, you can buy a bigger apartment, only in the suburbs; that way, you could find a furnished 68m2  two-story apartment with 3 rooms, located in the municipality of Surčin, in a building built in 2014. In case you are interested in new apartments, in this price range, you can find apartments in Belgrade suburbs; for example a 30m2 apartment in the urban settlement of Borča..

 

In terms of Novi Sad, €50,000 can buy you a fully equipped and furnished apartment in a new building with the surface area of approximately 32m2 or one old apartment in the suburbs, with the surface area of 53m2.

 

For the same amount of money, you can buy a furnished 36m2 apartment in Niš, in an old building, or an apartment with the same surface area in a new building, only without furniture. In Niš suburbs, you can buy an empty 3-room duplex with the surface area of 76m2. In the center of Kragujevac, a 3-room 70 m2 apartment in an old building is being sold at the price of €50,000, it has two stories and it is completely furnished, while apartments in new buildings are being sold at the same price but their surface does not exceed 40m2.

 

 

 

 

What Is the Price of an Apartment in Belgrade and What Is the Price of Apartments in the Largest Cities in the World?

 

Knight Frank analysis gives the answer to the question how many square meters can be bought for a million dollars in different parts of the world, taking the prices from the end of the previous year into account. If you opt for Monaco, which is at the top of the list, a million dollars buys only 15m2 or 21m2 in Hong Kong, while London is the third with 31m2. The next is New York with 33m2, Singapore with 35m2 and Geneva with 37m2, while in Belgrade, a million dollars gets you real estate of approximately 456 square meters (with the average price per square meter of approximately €2,000 or 2,190 dollars).

 

If you are planning to buy an apartment in Serbia and you need additional information, please contact us at office@welcometoserbia.org +381601849443.

Serbian Citizenship – How to Obtain the Citizenship of the Republic of Serbia?

Terms and manners of obtaining the citizenship of the Republic of Serbia are regulated by the applicable Law on Citizenship, predicting four grounds for obtaining Serbian citizenship:

 

  • birth within the territory of the Republic of Serbia
  • descent
  • admission
  • pursuant to international treaties

 

The most common way in which foreign nationals obtain the citizenship of the Republic of Serbia is admission.

 

 

 

Terms for Obtaining the Citizenship of the Republic of Serbia by Admission

 

A foreign national, who has been granted a permanent residence permit in the Republic of Serbia in compliance with the applicable regulations and on personal request, can obtain the citizenship of the Republic of Serbia by admission under the following conditions:

 

  • they are adults (18 or older) and capable of employment
  • they were constantly residing within the territory of the Republic of Serbia at least three years prior to application submission
  • they have submitted a written statement that they consider the Republic of Serbia their country
  • they have been released from foreign citizenship or submitted the evidence that they will obtain release if they obtain the citizenship of the Republic of Serbia by admission

 

 

 

 

Will I Lose My Current Citizenship if I Obtain the Citizenship of the Republic of Serbia?

 

 

Obtaining Serbian citizenship and keeping your current citizenship is possible if the Republic of Serbia does not require you to renounce your current citizenship. Although the answer varies from case to case, one should bear in mind that the Republic of Serbia allows dual citizenship in relation to many countries. Apart from this, it is necessary that the country of the current citizenship does not prescribe a mandatory loss of citizenship in case of obtaining the citizenship of the Republic of Serbia.

 

The term related to the release from a foreign citizenship shall be considered to be met if a person is stateless or if they provide a proof that, in accordance to the law, they will lose their current citizenship when they obtain Serbian citizenship. The term is also met when a foreign country does not allow release from citizenship or stipulates release conditions, which a foreign national cannot meet, and the applicant submits a written statement declaring that they will renounce foreign citizenship if they obtain the citizenship of the Republic of Serbia.

 

 

 

 

Procedure for Obtaining the Citizenship of the Republic of Serbia by Admission

 

 

The application for the citizenship of the Republic of Serbia is submitted to the Ministry of Internal Affairs or through a competent diplomatic or consular representative office of the Republic of Serbia. The application can be submitted personally or by an authorized person, while the decision on obtaining the citizenship of the Republic of Serbia is adopted by the competent ministry. In order to obtain Serbian citizenship, it is not necessary to pass any tests (language, history and culture). If both parents have obtained the citizenship of the Republic of Serbia by admission, their child under the age of 18 will also obtain citizenship.

 

Along with the listed general terms, there are also some facilities for obtaining citizenship. This way, in order to obtain citizenship, a foreign national, who has been married to a citizen of the Republic of Serbia for at least three years and who is granted a permanent residence permit in the Republic of Serbia, shall submit only a written statement declaring that they consider the Republic of Serbia their country.

 

 

 

Obtaining Serbian Citizenship in the Interest of the Republic of Serbia

 

 

The law prescribes that in accordance to the decision of the Government of the Republic of Serbia, a foreign national, whose admission is in the interest of the Republic of Serbia, can obtain citizenship. The interest can be economic, scientific, cultural or sport. This is how the actor Steven Seagal, US basketball player Yvonne Marche Anderson, Gambian basketball player Sarr Ousainou, former Romanian prime minister Viktor Ponta, Brazilian model Adriana Lima and many others obtained Serbian citizenship. British actor Ralph Fiennes, known for acting roles in the following movies: English Patient, Schindler’s List and Harry Potter, who decided to shoot his movies in Belgrade, is among them. British actor John Challis, who came to Belgrade to shoot a movie and then obtained Serbian citizenship, joined him.

 

 

 

Citizenship by Investment

 

 

While certain countries offer wealthy individuals the “Golden Visa” immigration programme to ensure residence permit or citizenship, in Serbia, this is enabled through purchasing real estate or investment. Unlike certain countries, a minimum investment is not defined in Serbia and residence permit can be obtained by any investor, while the decision on the admission to citizenship is adopted by the Government.

 

In this way, Serbian documents were obtained by Matar Suhail Al Daheri, CEO of the Hepako company, engaged in real estate in Serbia, as well as Matar Suhail Al Daheri, the key person in charge of the investments in Serbia of the UAE sheikh Mohammed bin Zayed Al Nahyan, who owns several companies in Serbia. There is also Ronald Wayne Burkle, an American billionaire, one of the most prominent investors in the technology, retail, distribution, entertainment, sport and hospitality industry sectors.

 

Serbian citizenship was granted to Kerem and Abdulvahap Soylemez, owners of a Turkish company Soylemez Rubber & Plastic, which operates in Serbia and manufactures parts for automotive industry. The Government of the Republic of Serbia initially provided subsidy for them in the total amount of 1,120,000 euros, under the condition that they hire at least 160 employees for indeterminate period within a three-year period. Since they have fulfilled all their obligations, giving passports to the company owners is an incentive measure aimed at keeping them in Serbia and realizing plans related to further successful operation and expansion. This way, apart from incentive subsidies, Serbian Government wants to show respect and support to foreign investments.

 

Why do foreign companies choose Serbia for business?

 Why do foreign companies choose Serbia for business?

 

Thousands of foreign companies operate in Serbia, and according to official records from 2021, every tenth owner out of total number of active companies, foundations and associations is a foreigner. What makes Serbia so attractive?

 

  • Highly favourable geographical position and excellent connections with other countries around the world allows Serbia to be a link between East and West.

 

  • Low operating costs with a moderate tax load with a profit tax of 15%. The average gross salary per employee is € 830, and the salaries of developers in Serbia are far lower than in developed countries in Western Europe or North America.

 

  • Highly qualified and skilled workforce enables the achievement of great results, especially when it comes to the IT sector. Quality staff is educated in several faculty centres, and most students speak at least one foreign language.

 

  • A simple procedure for obtaining a residence permit on several different grounds, and one of them is a residence permit by company formation in Serbia.

 

  • Doing business within free zones in Serbia provides special benefits and a preferential tax regime.

 

  • Most of the key industrial products are provided with a duty-free regime and a safe path to a market of 1.1 billion consumers.

 

 

 

 

 

Which foreign companies operate in Serbia?

 

Among the most famous companies operating in Serbia are the following ones: Microsoft, Bosh, Panasonic, Siemens, Ubisoft, NCR, Zuhlke Engineering, Syngenta, Schneider Electric, Cisco, Gorenje,  Michelin, ZF, Brose, Fiat Chrysler Automobiles, Continental, Geox and many others.

 

Since recently, the multinational company Magnus Aircraft for the production of light sports aircraft also operates in Serbia. This is a company with its headquarters in Hungary, which, with the opening of a representative office in Serbia, created an opportunity to dedicate its business more intensively to the market of the entire Balkans. The plan is to make Serbia a centre of operations; a place to provide support to its clients and a major location for business development.

 

Along with opening representative offices of foreign companies in Serbia, the purchase of domestic companies by foreign companies is also common. Such an example is the recent purchase of the domestic company Rosa Homolje by Coca-Cola, as well as the takeover of the Serbian company for the production of animal feed Patent Co. by the Austrian company RWA Raiffeisen Ware Austria AG. This is a stock exchange corporation and investment group with more than 40 subsidiaries in Austria and neighbouring countries.

 

 

 

The most popular activities of foreign companies in Serbia

The largest number of foreign companies in Serbia is from the IT sector, more precisely from the field of computer programming. At the same time, the largest number of purchases of domestic companies takes place in the IT sector since global leaders recognized the value of IT companies from Serbia, hence Epic games bought 3lateral, American Take Two bought Nordeus, while Endava bought Digital Services from Comtrade.

 

Besides the IT sector, foreign companies in Serbia are also engaged in consulting services, construction of residential and commercial buildings, wholesale, energy and agriculture. Also, seven medical institutions in Serbia are owned by foreigners. This includes the worldwide famous hospital chain Acibadem Health Group from Turkey, officially registered in the Netherlands, which is the majority owner of the Bel Medic health institution from Serbia.

 

An increasing number of international transport companies from the USA are opening their representative offices in Serbia and, with the help of modern technology, organizing the transport of goods from one state to another. Employees from Serbia are hired as dispatchers, brokers, sellers, and there are also those from Serbia who organize everything and negotiate with repairmen in America about truck repair and maintenance. One such company is CW Carriers USA, based in Florida, which has over 80 employees in the United States and Serbia, and its office in Belgrade has a finance, planning, insurance, monitoring and sales department.

 

 

How to establish a company in Serbia?

 

 Establishing a company in Serbia is quite simple and fast. Before you start the registration process, you need to decide what will be the legal form of your company. If you want to get a residence permit, you can become an entrepreneur or start an LLC, therefore you have to submit certain documentation in accordance with your choice.

 

If you have opted for a limited liability company (LLC), the company may have one or more founders who can pool capital with resources. The second and simpler option is becoming individual entrepreneur, where you do not have the obligation of bookkeeping and you pay a pre-determined amount of tax. Various experts, especially in the IT sector, mostly work as freelance workers, i.e. entrepreneurs.

 

You can establish a company in Serbia in person, but if you want to save time, the registration of the company in your name can be done by an authorized person or agency.

Contact us for more information nb@welcometoserbia.org +381601849443

 

 

Safe Investments in Serbia in Spite of Inflation Growth

Investments in Serbia VS Inflation
Inflation growth, which has been recorded even in the most advanced economies, brings new challenges in terms of investments and even the preservation of the value of money. Each investment is a chance for you to become wealthier, but it also comes with a certain risk. What to invest in during the period of inflation growth? What if inflation continues to rise?

 

 

 

Inflation at Highest for 40 Years

 

U.S. has registered a new 40-year high record inflation increase, as well as a significant increase in food and fuel prices. The latest  U.S. Bureau of Labor Statistics’ report states that in March the Consumer Price Index (CPI) hit a new record of 8.5 percent for 12 months. In the period from February to March, inflation increased by 1.2 percent, while the highest annual increase has been recorded in fuel (48 percent) and used car prices (35.3 percent). Earlier, the CPI for February reached 7.9 percent compared to last year, which is shown in the chart below.

 


Chart: U.S. CPI Growth Rates
Source: https://www.nytimes.com/2022/03/10/business/economy/cpi-inflation-february-2022.html


 

 

The situation in Europe is not better. According to the Eurostat report, euro area inflation rose from 5.9 percent in February to the estimated 7.5 percent in March year-over-year. In this way, inflation hit a new record and the highest impact on inflation increase had energy prices that increased by 44.7 percent in March, which is shown in the chart below.

 


Chart: The Increase in Inflation and Its Components in Euro Area.
Source: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Inflation_in_the_euro_area


 

 

Energy price growth is not related only to winter period considering that the gas or electricity prices are a part of every product, which means that the increase in these prices will inevitably affect the overall price increase. The official German data are particularly worrying. According to these, the strongest European economy has recorded the 7.3% annual inflation, which is the highest growth rate in the last forty years.

 

In March 2022, the customer price index in Serbia reached 9.1 p.a. and the National Bank of Serbia predicts that the inflation will slow down in the second quarter and that, by the end of the year, the inflation will be 3.5–4 percent. By then, the energy market, which had the greatest impact on inflation growth, should normalize. The new agricultural season in the middle of the year could result in the decrease of high prices of fruit, vegetables and raw materials used to produce processed food. The annual 2021 inflation in Serbia was 4 percent, while in 2020 it was 1.6 percent.

 

According to the last IMF forecast, released in January, in 2022, inflation will reach 5.4 percent in the U.S. and 4.4 percent in Europe. FitchRatings predicts that the average euro area inflation will reach 5% in 2022, while the American CPI will peak at 9 percent and average 7 percent for the year as a whole.

 

As a result of the intensive price growth, the Federal Reserve and ECB will try to stop inflation by increasing interest rates, while many economists are afraid that their aggressive growth might cause recession. By increasing interest rates, natural and legal entities’ loans will become more expensive and their pay-off more difficult, but states will have the same problem because the price of public debt pay-off will increase as well.

 

 

 

Real GDP growth rates realized in 2020 and 2021, as well as IMF forecast for the next two years are shown in the table below.

 

 

Real GDP, %

Real GDP,  %, projections by IMF, January 2022
2020 2021 2022 2023
World output -3.1 5.9 4.4 3.8
Advanced economies -4.5 5 3.9 2.6
United States -3.4 5.6 4 2.6
Euro area -6.4 5.2 3.9 2.5
Germany -4.6 2.7 3.8 2.5
Japan -4.5 1.6 3.3 1.8
United Kingdom -9.4 7.2 4.7 2.3
China 2.3 8.1 4.8 5.2
Emerging market and developing economics -2 6.5 4.8 4.7
Serbia -0.9 7.5 4.5* 4*
India -7.3 9 9 7.1
Brazil -3.9 4.7 0.3 1.6
Russia -2.7 4.5 2.8 2.1

 

Table: 2020 and 2021 percentage real GDP growth rates, including the 2022 and 2023 forecasts.
Source:
https://www.imf.org/en/Publications/WEO/Issues/2022/01/25/world-economic-outlook-update-january-2022
https://www.stat.gov.rs/sr-Latn/oblasti/nacionalni-racuni/godisnji-nacionalni-racuni
https://www.stat.gov.rs/sr-latn/vesti/statisticalrelease/?p=8375

 

* 2021 forecast


 

In 2020, Serbian real GDP decline was significantly smaller that its decline in other countries and it recovered quickly from the Covid-19 crisis consequences. However, the current situation caused by the special operation in Ukraine has consequences for the whole world, including Serbia, whose expected GDP growth rate decrease has been announced by IMF. The World Bank warns that the situation in Ukraine leads to sharp global economic slowdown, growth of inflation, debt and poverty. Apart from that, it also predicts that the Ukrainian GDP will fall by 45.1%, while the Russian GDP will fall by 11.2% during this year.

 

 

Why Do Prices Grow and What if This Trend Continues?

 

The conflict between Russia and Ukraine has led to a significant increase in energy and food prices, but before that, the prices were growing due to global factors, which came as a result of Covid-19 crisis. The current situation is connected to the current lockdown in China, which strives to realize the “zero-Covid” strategy.

 

If it turns out that the price growth is not a temporary thing and if their permanent growth becomes our new reality, savings, just like fixed salaries, and pensions will lose their value. Now, when inflation is something that the whole world is facing, the question arises: how to save money and what to invest in?

 

 

 

What to Invest Money in and Ensure Safe Future?

 

Banks offer extremely low interest rates, stock markets demand certain level of analysis and knowledge, followed by a high risk, gold is expensive and bitcoins carry the risk of frequent price oscillations. Since these investment types are highly risky or unprofitable, economic experts suggest investing in real estate. Whether it is investing in suites, houses or apartments, this type of investment is one of the safest and most profitable because their prices keep up with inflation, just like rent. However, the World Economic Forum research shows that even 90 percent of cities in the world do not have a good-quality offer of affordable residential real estate.

 

According to real estate agents, the purchase and sale of real estate in Serbia has hit its record in 2021 and, besides that, the demand trend was constantly positive even in the pre-pandemic years. Serbian real estate market is the fastest recovering segment after the beginning of the pandemic.

 

 

 

Investments in Serbia
Why Buy Real Estate in Serbia?

 

One of the most important investment criteria is liquidity, i.e. the possibility to quickly turn real estate into money, which in terms of Serbia is ensured thanks to high demand. Apart from this, there is also high demand for rental property so you can provide yourself with a stable monthly income depending on the apartment location and size. The demand for smaller apartments in Belgrade, which are often rented in record time, is the highest. Besides the above mentioned, it is possible to buy an under-construction apartment at a more affordable price. This is particularly important in the situations when building material prices grow, which is currently the case with steel.

 

 

Is It Possible for a Foreign National to Buy Real Estate in Serbia?

 

Foreign nationals can make investments in Serbia and buy real estate under the condition of reciprocity. It means that a citizen of the Republic of Serbia is allowed to buy real estate in the country where the foreign national comes from.

 

More and more foreigners, who live here based on different grounds, are arriving to Serbia and they usually choose to live in Belgrade, as well as other attractive destinations such as Novi Sad.

 

 

Temporary Residence Permit Through Real Estate Purchase

 

Apart from a good investment, by buying real estate, many foreigners obtain an active residence permit, which is necessary to live in Serbia and to get a work permit.

 

The most common ways to obtain a Serbian residence permit are:

 

  • A residence permit issued on the grounds of owning a property in Serbia, accompanied by a certificate of title
  • On the grounds on company formation, accompanied by a certificate of incorporation
  • A residence permit issued on the grounds of investments made in Serbia

 

 

Why Do Foreigners Opt for Serbia?

 

More and more often, foreigners decide to move to Serbia, mostly because of a great geographical position, as Serbia has always been the linchpin of East and West. The vicinity of other European countries and great connection represent some of the greatest advantages of Serbia and Belgrade.

 

Serbia offers a great number of business and additional investment opportunities, while Belgrade, as the university and business centre offers quality and highly-educated personnel. Belgrade is also a nice place to live, a city where you will meet pleasant people and try great food.

International Schools in Serbia

Immigration to Serbia is a relatively simple process that can be properly and fast managed for adults. But, what should you look for when you’re choosing the benefits of international schools in Serbia for your child?

 

Education is one of the main reasons why you should immigrate to Serbia. The educational system in Serbia consists of Early Childhood Education and Care, Basic Education, Secondary Education, and Higher Education. Basic education covers primary and lower secondary education within a single structure. Basic education and preparatory preschool programs are mandatory and free. Secondary education is free but not mandatory.

 

If you are moving to Serbia with your kids, providing the best education is very important for you. A good education system enables them to properly develop and mature into independent individuals, prepared for many challenges in life. Quality primary education for your child includes not only well-mastered material from school but also learning other values. Respect for family, moral values, and healthy living are just some of the skills that your child needs to learn during his development as an academic citizen. International schools in Serbia continue to gain a reputation for preparing children for English-language higher education opportunities throughout the world. Apart from socializing, language is the most important factor when choosing a school. Attending a bilingual institution or an international school in Serbia can help your child during an early stage of relocation, whereas attending a Serbian public school will foster integration.

 

There are a great many people from all over the world living in Serbia, who hold Serbian residence permits and live there with their families. They have a lot of options when choosing an international school for their children.

 

International kindergartens in Serbia

 

International kindergartens are a small kingdom that enables children to acquire new knowledge through play and grow into smart young people. It takes a lot of imagination, creativity, and skills to create a perfectly safe environment for a child to play and socialize with their peers every day, and also learn something new and useful. Through numerous academic and thematic aspects, international kindergartens in Serbia influence the development of the psycho-physical work of every child. Every parent wants only the best for their child. He also wants the best and highest quality education. The international kindergarten is an excellent basis for further schooling and education. It is known that children quickly learn foreign languages ​​with which they are in daily contact. Attending an international kindergarten will help your child speak English, or any other you have chosen, as a native from an early age.

 

Below is the list of the most popular international kindergartens in Belgrade.

 

 

International Kindergarten Little Sparrows/Vrapčići
Beograd, Vračar, Kornelija Stankovića 19

They base their program on learning new languages and developing key social skills by exploring the universes of art and sports. Kindergarten Little Sparrows offers a great Russian package all held by native-speaking teachers!

 

 

Vrtić Skazka – Kindergarten Skazka
Beograd, Stari Grad, Miće Popovića 13

Serbian-Russian kindergarten “Skaska” with a beautiful yard, five lounges and other accompanying facilities provides all the conditions for a happy and healthy growth of your child!

 

 

The International School of Belgrade
Beograd, Senjak, Temišvarska 19

 

 

International Preschool Belgrade Beograd,
Dedinje, Maglajska 1

 

 

PRIMA International School Belgrade 
Beograd, Senjak, Dragana Mancea bb

 

 

Step by Step English Daycare
Novi Beograd, Bulevar Zorana Đinđića 87

 

 

Fantasy – Bilingual French Nursery
Beograd, Vračar, Internacionalnih brigada 66

 

 

International Nursery and Primary School 
Beograd, Senjak, Temišvarska 2

 

 

The International Corner kindergarten
Beograd, Zemun, Kapetana Radiča Petrovića 32d

 

 

 

International primary schools in Serbia

 

International primary schools in Serbia work according to the most modern educational programs and offer the highest quality education. The program of international primary schools is diverse, and they are accredited educational institutions. Belgrade’s international primary schools offer educational programs that meet the highest European and American standards. Classes are conducted in Russian, English, French, German, or another foreign language. By attending an international primary school, your child will master a foreign language, make friends from all continents, get to know different cultures, and acquire the highest quality education.

 

Below is the list of the most popular international primary schools in Belgrade.

 

RUSKA ŠKOLA (Russian School)
Bulevar umetnosti 28, 11070 Beograd, Srbija

The main educational program of the Russian school is aimed at the formation of the student’s personality: the formation of moral beliefs, aesthetic taste, and a healthy lifestyle, high culture of interpersonal and interethnic communication, mastering the basics of science, Russian language, skills of mental and physical work, ability to social self-determination.

 

The First Russian International School “Valentina Tereškova”
Andre Nikolića 29, Beograd 11000

The Russian school “Valentina Tereshkova” is a modern primary and secondary school that takes great care of its students’ needs. The special feature of this school is that it unites the best elements of tradition and education of two historically close nations – Serbian and Russian.

 

 

The International School of Belgrade
Beograd, Senjak, Temišvarska 19

 

 

PRIMA International School Belgrade
Beograd, Senjak, Dragana Mancea bb

 

 

Deutsche Schule Belgrad
Beograd, Senjak, Petra Čajkovskog 4

 

 

British International School
Beograd, Dedinje, Neznanog junaka 36

 

 

Chartwell International School
Beograd, Dedinje, Teodora Drajzera 38

 

 

International Nursery and Primary School
Beograd, Senjak, Temišvarska 2

 

 

 

International high schools in Serbia

 

International high schools in Serbia invite their students to be proud of their cultures and to get to know and respect other languages, religions, and cultures. International schools in Serbia have adapted their program to the national programs of the countries they come from. Studying in Serbia is an excellent choice for those who want to be educated in a foreign language. The main task of every school should be to develop and form knowledge and skills through a modern form of teaching with the work of top pedagogues and professors. International high schools are the right choice for students who want more than their education. High school students are in a turbulent period of adolescence, which is crucial for the maturation and formation of an adult. Therefore, teachers and pedagogues should always be available to students. Choosing a high school is extremely important for your child’s future. If you look at the bigger picture, you will realize that international high schools provide more opportunities for further education.

 

Below is the list of the most popular international high schools in Belgrade.

 

 

The First Russian International School “Valentina Tereškova”
Andre Nikolića 29, Beograd 11000

The educational program is realized exclusively in Russian language, according to Russian programs of federal basic education plans in accordance with the State’s federal education standards (FGOS).

 

 

The International School of Belgrade
Beograd, Dedinje, Senjak, Temišvarska 19

 

 

Deutsche Schule Belgrad
Beograd, Dedinje, Senjak, Petra Čajkovskog 4

 

 

Prima International School Belgrade
Beograd, Dedinje, Senjak, Dragana Mancea bb

 

 

British International School
Beograd, Dedinje, Senjak, Neznanog junaka 36

 

 

International private school Rudjer Boskovic
Beograd, Banovo Brdo, Kneza Višeslava 17

 

 

Savremena – Primary and secondary school
Beograd, Novi Beograd, Omladinskih brigada 86

 

 

Chartwell International School
Beograd, Dedinje, Senjak, Teodora Drajzera 28

 

 

Ips – International Nursery and Primary school Belgrade
Beograd, Dedinje, Senjak, Temišvarska 2

 

 

The International Baccalaureate Diploma Programme – Obrazovni sistem Crnjanski
Beograd, Žarkovo, Cerak, Đorđa Ognjanovića 2

 

Serbia’s international schools provide your child with the best foundation for the future, allowing him to acquire the highest quality education and enabling him to make friends from all continents and master a foreign language very well. The language skills and education that a child acquires in an international primary school or high school can open the way for your child to further education at one of the prestigious universities.