Vojvodina Sponsored by Vojvodina Investment Promotion - VIP
Why Us
Vojvodina, the region of Profitable Investment Opportunities
Vojvodina is the EU boarding region in the northern part of the Republic of Serbia with a population of two million people. The capital and the largest city is the city of Novi Sad with 400.000 inhabitants. As the most developed part of Serbia, Vojvodina has a unique economic and trade relations with the European Union and other European countries. Beautiful landscape, mild climate, multicultural and multilingual environment with 26 nations living and working together, as well as strategic advantages of the region, is what makes Vojvodina a diverse and progressive investment location offering abundant opportunities for growth, innovation and success.
Reasons to invest in Vojvodina:
• Excellent balance of work quality, productivity and cost.
• FTAs with SEE and easy access to Russian market - Access to markets of the South Eastern Europe, amounting to 60 million consumers and the only country in the region that has a unique trade regime with Russia with an access to a market of 160 million consumers.
• Logistical hub – Offering possibility for efficiently serving international markets (just-in-time production opportunities). The region has a good network of road and railway connections and is integrated into the region of Central and Eastern Europe through the Pan-European road and railway Corridor 10.
• Lower business operating costs compared to EU and EU candidate countries.
• Various financial and tax incentives for foreign investors - Financial incentives for manufacturing, R&D and services jobs; 10% corporate profit tax – among the lowest in Europe; Inward investment co-financing scheme (grant scheme administered and financed by the VIP); Every company that invests more than €1-3 million and employs more than 50 people can apply for non-refundable state grants ranging from €2,000 to €5,000 for every new job created.
• Multilingual and strong educational system - The University of Novi Sad has a population of 40,000 students, with the Faculty of Technical Sciences being the largest one, continually supplying the market with young talents and a high level of proficiency in English removing language barriers.
• 3 free zones in Vojvodina.
• Vojvodina Investment Promotion - VIP as the regional Investment Promotion Agency is dedicated to successfully assisting foreign investors in developing investment projects and exploring business opportunities in the region of Vojvodina, free of charge and fully confidential.
Learn more about investment potentials in the region of Vojvodina and VIP at www.vip.org.rs
