How2invest

Relocation to another country for permanent residence is a decision that requires careful planning. Serbia has drawn the attention of many foreigners thanks to its favorable location, relatively low cost of living, and a straightforward legalization process. Of course, Serbia has its downsides too, but in this material, we’ll focus mainly on the reasons that might make you seriously consider moving to Serbia.

Economic reasons

• Low cost of living: Serbia offers a relatively low cost of living compared to most European countries. Housing, groceries, utilities, and transportation are much more affordable than in Western Europe.
• Affordable real estate: Buying property in Serbia, especially outside of Belgrade, is significantly cheaper than in most other European capitals.
• Tax incentives for businesses: Serbia provides attractive tax conditions for foreign entrepreneurs and investors. Low taxes on profits and dividends make the country especially favorable for doing business.

Political reasons

• Political stability: Despite its complex history, Serbia has maintained a stable political environment in recent years. This helps boost economic growth and reduce risks for foreign investors.
• Proximity to the EU: Although Serbia is not yet a member of the European Union, it is actively working towards integration. This creates additional opportunities for business, civil rights, and access to European markets.

Social reasons

• Friendly locals: Serbs are known for their hospitality and openness. Many foreigners find it easy to adjust to the local social environment because of the friendly and welcoming culture.
• No language barrier: While Serbian is the official language, many people, especially in larger cities, speak English, which makes communication easier for newcomers.

Natural and climatic factors

• Diverse nature: Serbia boasts wonderful nature. The country has mountains, rivers, lakes, and forests and it is a great place for outdoor enthusiasts.
• Mild climate: Serbia’s climate is moderately continental with warm summers and mild winters. This is appealing for those who look for comfortable weather conditions without extreme temperatures.

Cultural and historical factors

• Rich culture: Serbia has a deep history and cultural traditions. There are many historical monuments, fortresses, monasteries, and museums that attract lovers of culture and history.
• Thriving music scene: Serbia is famous for its music festivals, such as the EXIT festival in Novi Sad that attracts music lovers from around the world.

Ease of legalizing in Serbia

Serbia offers several options for obtaining a residence permit (RP), which is good news for foreigners. However, each category has its own set of conditions that have to be taken into account when moving. You can read more about obtaining a Serbian residence permit at this page.

Obtaining a residence permit by purchasing real estate
One of the most popular ways to get a residence permit in Serbia is by buying property. Here are some key requirements:

• Type of property: Foreigners can purchase residential or commercial property, but only residential properties grant the right to a residence permit. The purchase of land is only available to citizens of countries with corresponding bilateral agreements with Serbia.
• Property cost requirements: There is no legally set minimum property value but the property should meet living standards and be registered with the Cadaster.
• Documents: Buyers have to submit a notarized sale-purchase agreement and proof of full payment for the property.
• Registration address: The residence permit is issued based on the address of the purchased property that will serve as the foreigner’s official residence address in Serbia.

Obtaining a residence permit through business registration
To acquire a residence permit through business activity, you have to meet the following requirements:

• Company formation: A foreigner can establish a limited liability company (LLC) or register as a sole proprietor. The minimum share capital for an LLC is only one euro.
• Active business: You have to prove that the company is actually operating: that it has not been registered for the sake of obtaining a residence permit. This may involve providing income reports, tax returns, and employment contracts.
• Taxes and financial stability: The business has to pay taxes regularly. If taxes aren’t paid or if business operations are halted, the company may be dissolved, and the residence permit revoked.

Obtaining a residence permit through marriage to a Serbian citizen
A residence permit can be obtained through marriage to a Serbian citizen but a few conditions have be met:

• Proof of genuine marriage: Serbian immigration authorities require evidence of a real marriage, such as joint photos, bills in both spouses’ names, and witness statements. This is to prevent marriages of convenience for the sole purpose of obtaining a residence permit.
• Duration of marriage: Although you can get a residence permit immediately after marriage, permanent residence requires living in marriage for at least three years.
• Address registration: The foreign spouse has to be registered at the same address as his/ her Serbian spouse.

Obtaining a residence permit through employment
It is possible for foreigners to find jobs in Serbia but the process of obtaining a work visa and residence permit has specific features:

• Employer requirements: The employer has to prove that no suitable Serbian candidate could be found for the position. This requirement can make it difficult for foreigners to secure employment.
• Work visa and permit: A work permit is issued only based on an employment contract. The employer has to prepare all necessary documents and prove that the company is financially stable.
• Employment areas: Foreigners are most in demand in sectors such as IT, construction, tourism, and international companies with offices in Serbia. In other areas, competition with local residents can be high and finding a job may be challenging.

Obtaining a residence permit through study
International students studying at Serbian educational institutions can obtain a temporary residence permit for the duration of their studies. However, there are several factors to consider:

• Documents: To apply for a student visa, you need an invitation from a Serbian university and proof of tuition payment.
• Limitations: A student residence permit does not grant permanent residence (PR) upon graduation. Students have to find a job or start a business to extend their stay in the country.
• Permit renewal: The residence permit is renewed annually if the studies continue. If a student finishes his/ her studies but doesn’t find a legal way to extend his/ her stay in Serbia, the residence permit will be revoked.

Residence permit for retirees
Serbia offers retirees the chance to get a residence permit based on having a stable income. While there is no legally established threshold, in practice, the minimum pension should be around 300–500 euros per month. Besides, health insurance that covers medical expenses in Serbia is a mandatory condition for obtaining a residence permit.

Conclusion

Moving to Serbia for permanent residence is a decision that requires careful consideration. The country offers many attractive features, such as a low cost of living, an easy legalization process, and a welcoming culture. However, there are also potential downsides, such as low wages, some infrastructure issues, and bureaucratic hurdles. Before making a final decision, it’s essential to weigh the pros and cons taking into account your personal preferences and goals.