Serbian Country Facts

GEOGRAPHY

Landlocked country with a history of metal mining dating back to Roman times.

POPULATION

  • Well educated and modern population with an international outlook, welcoming of foreign investment. 
  • Highly skilled and affordable labour.
  • International airports at Belgrade and Nis, high quality road network, good power, water, and rail infrastructure. 

TAXATION & BUSINESS

  • Favourable business jurisdiction as an EU candidate with political stability, GDP est. +4.2% 2018 and +3.5% 2019 (IMF)
  • 15% corporate tax and 100% foreign ownership and repatriation of profits.

NEW MINING LAW ENACTED IN DECEMBER 2015:

  • 5% net smelter return
  • Business friendly environment. Transparent and fast process for company registration.
     

WELL ESTABLISHED MINING INDUSTRY

A long history of mining includes large Yugoslav mining complexes of the 20th Century such as Bor (copper & gold mining and smelter) and Trepca (multiple lead-zinc mines and smelter accounting for 70% of Yugoslavia's mineral wealth in the 1980's). More recent mining and development projects include Rio Tinto’s Jadar Boron Project, Dundee Precious Metals’ Timok Gold Project and Zijin Mining’s Bor Copper-Gold Complex that includes the Cukaru Peki deposit initially discovered by Reservoir Minerals.

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