On October 23, 2015, the General Assembly of the Republic of Serbia passed the new Investment Law.
The Investment Law (“Official Gazette of the Republic of Serbia”, No. 89/2015) will come into effect on November 4, 2015.
The Investment Law regulates the general legal framework for investment in the Republic of Serbia, the support for effective investment, the establishment and work of the Economic Development Commission, and the establishment and work of development agencies.
The main objectives of the Investment Law are as follows:
- Improving the investment environment in the Republic of Serbia;
- Support direct investment to achieve economic and commercial development, increase employment rates, and create better conditions for the entire society;
- Domestic and foreign investors enjoy the same treatment and conditions;
- Improve the efficiency of investment-related services provided by national institutions;
Create an attractive business environment for domestic and foreign investors;
Since the implementation of the “Investment Law”, the “Foreign Investment Law” (No. 3/02 and 5/03 “Official Bulletin of the Federal Republic of Yugoslavia” and “RS Official Bulletin” No. 107/14) shall be terminated.
Since the “Investment Law” comes into force, Chapter VIII of the “Foreign Trade Law” “Promotion of Exports and Foreign Investment” (“RS Official Gazette”, Nos. 36/09, 36/11 and 88/11) is no longer valid .
With the implementation of the “Investment Law”, the “Regional Development Law” (“RS Official Gazette” Nos. 51/09 and 30/10), Chapter 5, Part 6, Articles 27-30 no longer apply. Effective
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