Serbia History, Politics, Geography, and Culture

The separation of the six republics of the old Socialist Republic of Yugoslavia in the early 1990s led to the creation of Serbia and Montenegro. In 2006, Serbia became a sovereign state after Montenegro declared independence. Serbia’s capital, Belgrade, ranks among the largest and oldest citiеs in southeastern Europe.

Serbia has a mixed climate owing to its varied geographical terrain of mountainous regions and low lying plains. In the north, the climate is more continental, with cold winters, and hot, humid summers along with well-distributed rainfall patterns. In the south, summers and autumns are drier, and winters are relatively cold, with heavy inland snowfall in the mountains.

Ethnic Serbs form the vast majority of its population, followed by Hungarians, Roma and Bosniaks at 3% or less, each. The main language spoken is Serbian, and although it is formally a secular state, the vast majority of its population identifies as Orthodox Christian.

2021
April 30Orthodox Good Friday
May 1Orthodox Holy Saturday
May 1Labor holiday
May 2Orthodox Easter Day
May 3Orthodox Easter Monday
May 3Labor holiday second day
May 4Day off for Labor holiday
November 11Armistice Day
  • d.o.o. / д.о.о. (društvo sa ograničenom odgovornošću / друштво са ограниченом одговорношћу)
  • d.d. / д.д. or a.d. / a.д. (deoničarsko (deoničko) društvo / деоничарско (деоничко) друштво or akcionarsko društvo / aкционарско друштво)
  • preduzetnik (preduzetnik / предузетник)
  • o.d. / о.д. (ortačko društvo / ортачко друштво)
  • k.d. / к.д. (komanditno društvo / командитно друштво)
  • j.p. / ј.п. (javno preduzeće / јавно предузеће)
  • Corporate Tax: 15%
  • Income Tax (Lowest Marginal Rate): 10%
  • Income Tax (Highest Marginal Rate): 25% (additional contributions for state health, pension and unemployment funds)
  • VAT/GST/Sales Tax: 20% (standard rate), 10% or 0% (reduced rates)
  • Addiko Bank (Commercial Bank)
  • AIK Banka (Commercial Bank)
  • Banca Intesa (Commercial Bank)
  • Bank of China Srbija (Commercial Bank)
  • Crédit Agricole (Commercial Bank)
  • Direktna Banka (Commercial Bank)
  • Expobank (Commercial Bank)
  • Erste Bank (Commercial Bank)
  • Eurobank (Commercial Bank)
  • Halkbank (Commercial Bank)
  • JUBMES banka (Commercial Bank)
  • Komercijalna banka (Commercial Bank)
  • Mirabank (Commercial Bank)
  • mts banka (Commercial Bank)
  • NLB banka (Commercial Bank)
  • Opportunity banka (Commercial Bank)
  • OTP banka (Commercial Bank)
  • Piraeus Bank (Commercial Bank)
  • Poštanska štedionica (Commercial Bank)
  • ProCredit Bank (Commercial Bank)
  • Raiffeisen Banka (Commercial Bank)
  • Sberbank Srbija (Commercial Bank)
  • Société Générale (Commercial Bank)
  • Srpska banka (Commercial Bank)
  • Telenor banka (Commercial Bank)
  • UniCredit Bank Serbia (Commercial Bank)
  • Vojvođanska banka (Commercial Bank)
  • VTB Banka (Commercial Bank)
  • Atlas Banka (Foreign Bank)
  • Citibank (Foreign Bank)
  • Commerzbank (Foreign Bank)
  • Deutsche Bank (Foreign Bank)
  • Eximbank (Foreign Bank)

Aadmi can support you with your expansion to Serbia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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