Chinese investors in Serbia: Case study Speaker: Ivana Kopilovi ć, Attorney at Law Kopilovic & Kopilovic Law Firm
The Firm / 本所概况 / Lo Studio • Kopilovic and Kopilovic is a Belgrade law firm with international focus. We provide a comprehensive multidisciplinary legal service to a broad range of international and domestic clients on various cross-border legal matters. • 贝尔格莱德事务所是塞尔维亚及东南欧唯一一所专门为中国投资者提供法律 服务的事务所。近几年来，随着中国”走出去”战略的实施，越来越多中国 企业选择在欧洲投资。我们国际法律团队的专业律师，精通中文、英语、意 大利语等多家语言，能缩小中国和欧洲的文化差异，帮助客户打破语言和文 化障碍。我们承诺为中国企业提供全面及可靠的服务并竭诚维护中国投资者 利益。 • Kopilovic & Kopilovic è uno studio legale con sede a Belgrado. La sua innovazione sta nell’aver prestato particolare attenzione all’ambiente internazionale. Lo Studio è specializzato nella fornitura di una vasta gamma di servizi legali per la clientela nazionale o estera, in materia di commercio e sulle varie questioni legali di natura transnazionale.
One Belt, One Road “ 一带一路 ” • Vision of the New Silk Road presented in • Future development, especially in the fields 2013 by the President of the People's of infrastructure, energy and agriculture Republic of China • Serbia is a bridge to other destinations for • Opportunity to deepen ties in the Balkans economic cooperation with Europe region • Serbian and Chinese officials signed a total • Cooperation between China and CEE of 22 agreements on cooperation countries, shaped in the 16+1 format
Chinese Investments in Serbia • Road Infrastructure • Railway Infrastructure • Industrial Zones • Energy
Private Chinese investment in Serbia: Eurofiber doo Ćuprija • March 2016 – Eurofiber doo is founded • October 2016 – refurbishment of premisses for usage • October 2016 – Import and installment of 25 machines for the production of covered yarn • October 2016 – Employment of the first group of employees and their training • November 2016 – The factory is officially open • March 2017 – The first large order of products has been ordered by an Italian company • March 2017 – The production has officially began Two importaint types of subvensions were provided: • Subventions provided by The National Bureau for Employment of the Republic of Serbia • Subventions provided by the Municipality of Ćuprija
Private Chinese investment in Serbia: Eurofiber doo Ćuprija Export business plan • Italy • Turkey • Poland • Russian Federation
Establishment of a legal entity • Serbian Business Registry Agency • Centralized registers in a single institution, tax registration is completed at the same time • Procedure is completed within three days • Standardized registration practices - in accordance with EU guidelines Opening of an bank account • Difficulties obtaining information regarding the legal framework and legislation • Complicated procedure • Difficulties with legalization of documents, especially from P.R. China • No upfront defined exact list of documents
Tax Rates in the Republic of Serbia Type of tax obligations Tax rate General corporate income tax rate 15% Witholding tax: fees for services paid to a non-resident Company Services provided by a non-resident Company for services provided or used in the 20% territory of Serbia Services provided by a non-resident Company from jurisdictions with preferential tax 25% regime (“tax heaven”) Capital gains General capital gain 15% When the capital gains are achieved on the territory of the Republic of Serbia by a non- 20% resident Company Value added tax General VAT rate 20% Special VAT rate 10%
Mandatory social contributions for the employees Labour Agreements Gross salary Gross salary ex. 48.473,00 RSD ex. 82.111,00 RSD Net salary - Net salary - 30.000,00 RSD 50.000,00 RSD Total Total contributions - contributions - 18,473.00 RSD 32.111,00 RSD Service Agreements Gross payment Gross salary ex. 67.140,00 RSD ex. 89.520,00 RSD Net salary - Net salary - 36.900,00 RSD 49.200,00 RSD Total Total contributions - contributions - 30.240,00 RSD 40.320,00 RSD
Mandatory social contributions for the employees Contributions and taxes rates provided by the law are as follows: • Pension insurance : 14% of gross salary on behalf of employee and 12% on behalf of employer (26% in total) • Health insurance : 5.15% of gross salary on behalf of employee and 5.15% on behalf of employer (10.3% in total) • Unemployment in surance: 0.75% of gross salary on behalf of employee and 0.75% on behalf of employer (1.5% in total) • Salary tax : 10% NET SALARY OF 45.970,52 RSD AS AN EXAMPLE 1. Salary tax: 10% rate 5.210,66 RSD TOTAL SOCIAL CONTRIBUTIONS Contributions on behalf of employee: AND TAXES 29.363,58 RSD 2. Pension insurance: 14 % 8.945,53 RSD Please note that the above sum is 3. Health insurance: 5.15% 3.290,68 RSD borne by the company, although it is 4. Unemployment insurance: 0.75% 479,22 RSD divided in two types of contributions, Total contributions on behalf of employee: on behalf of employee and of 12.715,43 employer. RSD Contributions on behalf of employer: TOTAL GROSS SALARY: 75.334,61 5. Pension insurance: 12 % 7.667,59 RSD RSD 6. Health insurance: 5.15% 3.290,68 RSD 7. Unemployment insurance: 0.75% 479,22 RSD Total contributions on behalf of employer: 11.437,49 RSD
Thanks for your attention 感谢您的关注 Grazie per la Vostra attenzione
Recommend
More recommend
