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Purchase a Property in Serbia

Purchase a Property in Serbia

Updated on Sunday 24th December 2017

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Purchase-a-Property-in-Serbia.jpgBuying a property in Serbia, whether as a national, foreigner or company, is made under the provisions stipulated by the Property Law Relations of 1996, with a particular condition that is strictly forbidden to acquire a residence or a land near a military area in the country. Regarding the applicable legislation for land or property purchase in Serbia, it is suggested to get in touch with our Serbian lawyers who can provide legal support. The same team can offer legal advice if you want to establish your business in the country.
 

Rules for foreigners who want to buy a property in Serbia

 
Persons who do not have residency in Serbia and are interested in buying buildings or lands for commercial purposes can do so and can have complete ownership of the assets. As for the persons who have reciprocity restrictions, they can first register a business in Serbia and then can purchase a building, an apartment, a plot or a commercial space office. Each kind of acquisition is settled through an agreement signed by the seller and the future owner, but before that, the entire history of the property must be verified in order to see if there are any possible debts or related obligations. In this matter, and also in issues regarding the preparation of documents, our attorneys in Serbia can provide legal advice and help.
 

How can a property be acquired in Serbia?

 
The property acquisitions in Serbia involve simple steps which can be found in the sale agreement signed by both parties. It is suggested to consider the following aspects:
 
•    a notarized preliminary purchase contract is signed;
•    the title of deed is verified by a Serbian lawyer;
•    the final agreement is then prepared for signing in front of the notary;
•    the Inland Revenue Office settles if the value of the asset is in accordance with the offered price;
•    the buyer must pay the property tax of 5% from the price of the acquisition;
•    the property is then registered with the Area Property Registry.
 
Please keep in mind that any legal aspect can be explained by our Serbian attorneys as soon as you have decided for a particular acquisition in Serbia, whether as an individual from abroad who wants to establish in the country or as a representative of a foreign company interested in opening a branch or a subsidiary.
 
Please contact our law firm in Serbia for complete legal support in property purchase in Serbia.

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