Factor scores

How Serbia performs

Tax

88.0

Very strong

Lighter than most. Taxes here are below average: Serbia is 27th of 123. Most people keep a good share of their income and business profit. Personal income tax 10-20%, corporate tax 15%, VAT 20%.

Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)

Safety

61.6

Moderate

Average safety. Safety here is about average for the countries we cover: Serbia is 59th of 117.

Source: Institute for Economics and Peace, Global Peace Index

Cost of Living

79.3

Very strong

Average cost. Everyday costs are mid-table: Serbia is 62nd of 118.

Source: Numbeo Cost of Living Index

Education

48.7

Limited

Good education. Education here is stronger than in most countries we cover: Serbia is 38th of 120.

Source: UNDP & MBRF, Global Knowledge Index

Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.

Tax and citizenship

The detail behind the scores

Taxation

Corporate income tax	15%
Personal income tax	10-20% Applicable tax rate varies based on the type of income
Standard VAT	20%

Rates change without notice. Confirm with the relevant tax authority before acting.

Naturalization Requirements and Immigration Pathway

Residence for naturalization: 3 years
Language requirement: No
Investment Immigration Pathway: Serbia Investor Visa
Official language: Serbian
Dual citizenship: Allows dual citizenship

Compare

Elsewhere in Europe

#2 baseline

North Macedonia

Baseline score 72.3

#3 baseline

Bulgaria

Baseline score 71.8

#9 baseline

Romania

Baseline score 70.7

#11 baseline

Bosnia and Herzegovina

Baseline score 70.2