Investment Law („Official gazzete of the Republic of Serbia“, no.89/2015)

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On the 23.October 2015, General Assembly of the Republic of Serbia has passed new Investment Law.

Investment Law („Official gazzete of the Republic of Serbia“, no.89/2015), shall come into force on 04.November 2015.

Investment Law regulates general legal framework for investment in the Republic of Serbia, support for efficient investment, incorporation and work of the Council for Economic Development and incorporation and work of the Developing Agency.

Main goals of the Investment Law are following:

  • Improvement of the investment environment in the Republic of Serbia;
  • Support for the direct investments, in order to achieve economic and commercial development, better employment rate, and better conditions for society in general;
  • Equal treatment and conditions for domestic and foreign investors;
  • Improvement efficiency of the services provided by the state bodies, related to the investment;
  • Creation of attractive business environment for the domestic and foreign investors;

With the date of enforcing the Investment Law, the Law of Foreign Investment (“Official gazette of the FRY” no. 3/02 and 5/03 and “Official gazette of the RS”, no. 107/14), terminates.

With the date of enforcing the Investment Law, the Chapter VIII “Promotions of Export and Foreign Investment” in the Foreign Trade Law (“Official gazette of the RS”, no. 36/09, 36/11, and 88/11), ceases to be valid.

With the date of enforcing the Investment Law, the Chapter V, part 6, Articles 27-30, of the Law on Regional Development (“Official gazette of the RS”, no. 51/09 and 30/10), ceases to be valid



LAW FIRM PETROVIĆ & PARTNERS

Damir Petrović, Attorney at Law