The Serbian economy is projected to rebound strongly in 2021, primarily due to investment and private consumption. Due to renewed fiscal support measures and a high increase in public investment, the deficit will decrease slightly, followed by more substantial reductions coming next year. Serbia is a dynamic, private sector-driven market economy. The government has already made steps in the right direction with structural reforms and fighting informality to facilitate doing business, ultimately generating higher fiscal revenues. Serbia’s long-standing ambition of joining the EU Single Market can be achieved through continued work on these efforts that lead to heightened economic growth rates. In 2020, Serbia ranked #44 in the World Bank’s Ease of Doing Business index (Sources: European Commission, IMF, and The Economist).
A trusted professional employment organization with in-depth knowledge of the market in Serbia, XML International provides you with end-to-end personalised solutions to recruit and manage remote team members for your activities in Belgrade or any other city in Serbia, regardless of the size of your organisation or your industry.
Employees will be employed pursuant to local labour laws, and all required social security and taxation will be paid to the local Authorities.
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Serbian Dinar RSD
Minimum wage in Serbia is 45.667, 79 RSD per month
Normal working hours in Serbia is 40 hours per week.
Employees are entitled to 20 working days of paid annual leave in each holiday year (from 1st January to 31st December).
There is no limitation of sick leave in Serbia. The first 30 days of leave are paid by the employer, after 30 days by the state.
Fathers are entitled to 11 days of paternity leave.
In practice, the employer may decide to release the employee from performing this notice period with the payment of an indemnity in lieu of notice. The indemnity in lieu of notice is equal to the gross salary, subject to payment of social security contributions by the employer, which the employee would have received if he had worked during the notice period (including benefit in kind, bonus, allowances, as well as paid leave/rest days allowances).
Duration of notice period:
Seniority > 6 months <2 years: Notice given by the employer 1 month.
Seniority 2 years or more: Notice given by the employer 2 months.
The employer may stipulate a probation period in the employment contract. Its duration may be freely fixed by the parties within certain limits provided by the Labor Code and the applicable collective bargaining agreement. Standard probation periods are two months for office and blue-collar workers, three months for supervisors and technicians and four months for executive employees
The standard VAT rate is 20%.
If you want to benefit from XML employment expertise in Serbia, we invite you to fill the form below and we’ll get back to you shortly.
XML International, one of the best workforce solutions and employer of record services providers for Serbia, supports the set-up and the management of your international workforce for all your activities in Serbia. Our invaluable input consists of streamlining and handling for you the complete employment lifecycle of your teams in Serbia. We give you all the keys to handle you staff in Belgrade or any city in Serbia. XML’s knowledge of labour Serbian laws, tax and social security system, and employment regulations allows you to tackle the challenges of local compliance in Serbia, navigate all the local complexities and avoid pitfalls.
Among our top priorities, compliance with Serbian employment regulations and labour laws is number one. In addition to talent acquisition, recruitment services, and workforce management, we also ensure that our clients’ workforce management in Serbia is aligned with Serbian tax and social security rules and the latest immigration processes, including visas and work permits.
Here is the list of our core services supporting your activities in Serbia.
Take advantage of the targeted outsourcing solutions proposed by XML International for your expansion in Serbia or for your employees already based there. We offer a comprehensive series of bespoke and scalable outsourcing solutions specially designed for the Serbian market.
They range from professional employer organization employment (PEO), employer of record, and contingent workforce employment services, to help you grow effortlessly and successfully in Serbia without any complications. We can also help you source, recruit, and onboard new team members locally, even if you don’t have an office in Serbia.
XML provides you with everything you need to start doing business in Serbia or to optimize your business if you are already operating there, leading to significant bottom-line savings and getting your business activities up and running in just days. Get in touch with the XML team to learn how we can boost your activities in Serbia in a cost-effective way.
Get started now and make the most of business in Serbia today!
XML has expertise and resources to meet your organization’s workforce needs wherever, and in whichever field these might be.