Serbia Investment & Export Promotion Agency - SIEPA
Key Competitive Attractions
Serbia Investment and Export Promotion Agency (SIEPA) is a government organisation committed to promote and assist FDI in Serbia.
Key Competitive Advantages:
- A transport hub serving EU, SEE and Middle Eastern customers.
- Serbia’s economic reforms since 2001 have transformed it into a leading investment location in Central and Eastern Europe.
- Serbia has attracted over $20 billion of FDI in the past 5 years.
- Home to leading international investors and world-class companies, including Strada, Siemens, FIAT, Intesa Sanpaolo, Telenor, US Steel, Michelin, and Gazprom.
- Serbia can serve externally as a manufacturing hub for duty-free exports to 1 billion customers, including the EU, the USA, the European Free Trade Agreement members, South East Europe, the Russian Federation, Kazakhstan, Turkey and Belarus.
- Europe’s second lowest corporate income tax rate (10%)
- Among the most competitive value added tax rates in Europe (18%).
Infrastructure:
- Cargo from Serbia can reach the remotest part of Europe within 72 hours via extensive road infrastructure.
- A total of €2.9 billion will be invested into the development of six major highways in 2012.
- Two major European corridors cross Serbia: Corridor 7, (the River Danube,) and Corridor 10, (the international highway and railroad).
- €1.7 billion in investment funds is being put into government plans to the railway lines on the Corridor X.
- 959 km of safe, navigable river routes provide extremely cost-effective transport. The international River Danube is the most reliable route, and the Sava River connects Slovenia, Croatia, Bosnia and Herzegovina, and Serbia, and will soon gain International Navigable Route status.
- Two international airports: Nikola Tesla Airport in Belgrade and Nis International Airport.
- Excellent voice telephony access and a high internet penetration rate.
- Over 40 VoIP operators serve Serbia, providing low-cost international call rates.
- Geographically, mobile phone networks cover 90% of Serbia.
- Europe’s lowest domestic call costs.
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