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Ease of Doing Business in

Serbia

Serbia Download Profile (1742.2KB, pdf)
Region Europe & Central Asia
Income Category Upper middle income
Population 7,098,247
GNI Per Capita (US$) 5,500
City covered Belgrade

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 47 54 up
7
72.29 69.58 down
2.71
Starting a Business 47 62 up
15
91.67 88.94 up
2.73
Dealing with Construction Permits 36 152 up
116
76.30 56.89 up
19.41
Getting Electricity 92 73 down
19
69.93 72.39 down
2.46
Registering Property 56 72 up
16
71.31 66.95 up
4.36
Getting Credit 44 42 down
2
65.00 65.00
-
Protecting Minority Investors 70 69 down
1
56.67 56.67
-
Paying Taxes 78 98 up
20
74.36 69.90 up
4.46
Trading across Borders 23 24 up
1
96.64 96.64
-
Enforcing Contracts 61 53 down
8
61.41 63.96 down
2.55
Resolving Insolvency 47 48 up
1
59.66 58.52 up
1.14

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:

56

DB 2016 Rank:

72

Change in Rank:

up16

DB 2017 DTF (% points):

71.31

DB 2016 DTF (% points):

66.95

Change in DTF (% points):

up4.36

STANDARD PROPERTY TRANSFER
Property value RSD 26,595,345
City Belgrade
Indicator Serbia Europe & Central Asia OECD high income
Procedures (number) info_outline 6 5.3 4.7
Time (days) info_outline 21 20.6 22.4
Cost (% of property value) info_outline 2.8 2.5 4.2
Quality of the land administration index (0-30) info_outline 16.5 19.8 22.7
  • Measure of efficiency
    No. Procedure Time to Complete Associated Costs
    1

    Obtain the extract from the Commercial Registers Agency

    Agency: Commercial Registers Agency

    The cost consists of RSD 1,700 per extract. Considering the transaction involves two companies, they each must obtain the extract from the Commercial Registers Agency confirming that the persons signing the contract are authorized to sign on behalf of the companies.

    1 day RSD 3400
    2

    Prepare the sale contract and colemnize it

    Agency: Notary

    In 2016 the notary fees were updated by the Notary Public Tariff (“Official Gazette of RS” no. 91/2014, 103/2014, 138/2014 and 12/2016), which entered into force on February 20, 2016. Please note that all the fees given in the attached table do not include value added tax (20%) which is paid besides the amount of the respective notary fees.

    There is no more possibility to draft the sale purchase agreement as a Notary Public deed. Only the form of Notarial certification (of signatures) is available, pursuant to amendments to the Law on Public Notary.

    1 day
    Real estate price range Notary Fee (RSD) Notary Fee (EUR)
    1,00 - 600.000,00 RSD 9.000,00 RSD 73,39 EUR
    (0,01 – 4.892,77 EUR)
    600.001,00 - 2.500.000,00 RSD 15.000,00 RSD 122,32 EUR
    (4.892,78 – 20.386,53 EUR)
    2.500.001,00 - 5.000.000,00 RSD 21.000,00 RSD 171,27 EUR
    (20.386,54 – 40.773,06 EUR)
    5.000.001,00 - 7.000.000,00 RSD 30.000,00 RSD 244,64 EUR
    (40.773,06 – 57.082,28 EUR)
    7.000.001,00 - 10.000.000,00 RSD 36.000,00 RSD 293,57 EUR
    (57,082.29 – 81,546.11 EUR)
    10.000.001,00 - 14.000.000,00 RSD 42.000,00 RSD 342,49 EUR
    (81,546.11 – 114.164.56 EUR)
    3

    Submit the request for registration to the Republic Geodesy Institute

    Agency: Republic Geodetic Authority (RGA)

    The registration request should be submitted to the competent Cadastre. The Cadastre provides a unified system for registration of real property and is maintained by an administrative body: the Republic Geodetic Authority (RGA). All fees charged by the RGA are provided in its "Rulebook on Fees for Services of the Republic Geodetic Authority" and expressed in RSD.

    Art. 123 of the Law on State Survey and Cadaster prescribed that (as of 1 March 2016) requests for registration may also be filed in electronic form. However, there were significant problems related to RGA's technological capacity (e.g. lack of appropriate computers, other obsolete equipment, etc.) to achieve the transformation within the deadline given, and in that regard we are not aware if such system has been implemented in practice.

    The Rulebook specified the amount of fees to be charged for services provided by Republic Geodetic Authority (Official Gazette no. 116/2013, 5/2014- correction, 8/2014, 120/2015 and 29/2015)

    1 day RSD 8671
    4

    Submit the application to Tax Authorities for the approval of the transaction value and for the authorization of the transfer tax payment

    Agency: Tax Administration

    According to the amendments to the VAT Law it is now possible for the transferor and the transferee which are registered VAT payers to have the transfer of immovable taxed under VAT instead of Tax on transfer of absolute rights. As such the transfer shall be subjected to the procedure applicable for reporting and payment of VAT.

    The parties have 10 days after the sale contract has been verified by the court to submit this application. The request will be approved in a few days and then the parties have 15 days to pay the transfer tax."

    2 days no cost
    5

    Pay the transfer tax

    Agency: Commercial Bank

    The tax is paid on a commercial bank into the account of the local Tax authority.

    1 day 2.5% of the property value estimated by the Tax Authority
    6

    The Cadastre issues the decision on the property title

    Agency: Real Estate Cadastre (REC)

    Amendments to the Act on State Survey and Cadastre (Official Gazette of the Republic of Serbia nos. 72/2009, 18/2010, 65/2013 and 15/2015) introduced 15 days deadline for the competent Cadastre to render the decision.

    15 calendar days RSD 660

  • Measure of quality
    Answer Score
    Quality of the land administration index (0-30) 16.5
    Reliability of infrastructure index (0-8) 4.0
    What is the institution in charge of immovable property registration? Republic Geodetic Authority - Service for Cadastre of Immovable Property
    In what format are the majority of title or deed records kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Scanned 1.0
    Is there an electronic database for checking for encumbrances (liens, mortgages, restrictions and the like)? Yes 1.0
    In what format are the majority of maps of land plots kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Scanned 1.0
    Is there an electronic database for recording boundaries, checking plans and providing cadastral information (geographic information system)? No 0.0
    Is the information recorded by the immovable property registration agency and the cadastral or mapping agency kept in a single database, in different but linked databases or in separate databases? Separate databases 0.0
    Do the immovable property registration agency and cadastral or mapping agency use the same identification number for properties? Yes 1.0
    Transparency of information index (0–6) 3.5
    Who is able to obtain information on land ownership at the agency in charge of immovable property registration in the largest business city? Freely accessible by anyone 1.0
    Is the list of documents that are required to complete any type of property transaction made publicly available–and if so, how? Yes, online 0.5
    Link for online access: http://www.rgz.gov.rs/template1a.asp?PageName=2012_10_05_01&LanguageID=2
    Is the applicable fee schedule for any property transaction at the agency in charge of immovable property registration in the largest business city made publicly available–and if so, how? Yes, online 0.5
    Link for online access: http://www.rgz.gov.rs/web_preuzimanje_datotetka.asp?LanguageID=1&FileID=206...
    Does the agency in charge of immovable property registration commit to delivering a legally binding document that proves property ownership within a specific time frame–and if so, how does it communicate the service standard? Yes, online 0.5
    Link for online access:
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the agency in charge of immovable property registration? No 0.0
    Are there publicly available official statistics tracking the number of transactions at the immovable property registration agency? No 0.0
    Number of property transfers in the largest business city in 2015:
    Who is able to consult maps of land plots in the largest business city? Anyone who pays the official fee 0.5
    Is the applicable fee schedule for accessing maps of land plots made publicly available—and if so, how? Yes, online 0.5
    Link for online access: http://www.rgz.gov.rs/template1a.asp?PageName=2012_10_05_01&LanguageID=1
    Does the cadastral or mapping agency commit to delivering an updated map within a specific time frame—and if so, how does it communicate the service standard? No 0.0
    Link for online access:
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the cadastral or mapping agency? No 0.0
    Geographic coverage index (0–8) 4.0
    Are all privately held land plots in the economy formally registered at the immovable property registry? No 0.0
    Are all privately held land plots in the largest business city formally registered at the immovable property registry? Yes 2.0
    Are all privately held land plots in the economy mapped? No 0.0
    Are all privately held land plots in the largest business city mapped? Yes 2.0
    Land dispute resolution index (0–8) 5.0
    Does the law require that all property sale transactions be registered at the immovable property registry to make them opposable to third parties? Yes 1.5
    Is the system of immovable property registration subject to a state or private guarantee? Yes 0.5
    Is there a specific compensation mechanism to cover for losses incurred by parties who engaged in good faith in a property transaction based on erroneous information certified by the immovable property registry? No 0.0
    Does the legal system require a control of legality of the documents necessary for a property transaction (e.g., checking the compliance of contracts with requirements of the law)? Yes 0.5
    If yes, who is responsible for checking the legality of the documents? Registrar; Notary; Lawyer; Interested Parties.
    Does the legal system require verification of the identity of the parties to a property transaction? Yes 0.5
    If yes, who is responsible for verifying the identity of the parties? Registrar; Notary.
    Is there a national database to verify the accuracy of identity documents? No 0.0
    For a standard land dispute between two local businesses over tenure rights of a property worth 50 times gross national income (GNI) per capita and located in the largest business city, what court would be in charge of the case in the first instance? The High court of the Republic of Serbia or Commercial court
    How long does it take on average to obtain a decision from the first-instance court for such a case (without appeal)? Between 1 and 2 years 2.0
    Are there any statistics on the number of land disputes in the first instance? No 0.0
    Number of land disputes in the largest business city in 2015:
    Equal access to property rights index (-2–0) 0.0
    Do unmarried men and unmarried women have equal ownership rights to property? Yes 0.0
    Do married men and married women have equal ownership rights to property? Yes 0.0