Business Reforms in Serbia
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Serbia simplified the process of starting a business by reducing the time to register a company.
Dealing with Construction Permits: Serbia made dealing with construction permits faster by implementing an online system and streamlining the process of obtaining technical conditions for the building permit.
Registering Property: Serbia simplified property transfer process by introducing effective time limits.
Dealing with Construction Permits: Serbia made dealing with construction permits less costly by eliminating the land development tax for warehouses. On the other hand, it also introduced a mandatory inspection of foundation works.
Paying Taxes: Serbia made paying taxes easier for companies by introducing an electronic system for filing and paying VAT and social security contributions as well as by abolishing the urban land usage fee. On the other hand, Serbia increased the property tax and environmental tax rates.
Registering Property: Serbia made transferring property more difficult by eliminating the expedited procedure for registering a property transfer.
Paying Taxes: Serbia made paying taxes more costly for companies by increasing the corporate income tax.
Starting a Business: Serbia made starting a business easier by eliminating the paid-in minimum capital requirement.
Enforcing Contracts: Serbia made enforcing contracts easier by introducing a private bailiff system.
Resolving Insolvency: Serbia strengthened its insolvency process by introducing private bailiffs, reducing the starting prices for the sale of assets, prohibiting appeals, expediting service of process and adopting an electronic registry for injunctions to make public all prohibitions on the disposal or pledge of movable or immovable property.
Registering Property: Serbia made transferring property quicker by offering an expedited option.
Resolving Insolvency: Serbia adopted legislation introducing professional requirements for insolvency administrators and regulating their compensation.
Resolving Insolvency: Serbia passed a new bankruptcy law that introduced out-of-court workouts and a unified reorganization procedure.
Starting a Business: Serbia made starting a business easier by creating a one-stop shop for company registration.
Getting Credit: Serbia improved access to credit information by guaranteeing by law borrowers’ right to inspect their own data.
Labor Market Regulation: Serbia introduced priority rules applying to redundancy dismissals or layoffs.
Dealing with Construction Permits: In Serbia an administrative backlog at the Belgrade Municipality’s Construction Department increased the time required for obtaining building permits.
Registering Property: Serbia reduced the cost to transfer property by lowering the property transfer tax.