GDPR Regulations in Serbia
GDPR Regulations in SerbiaUpdated on Wednesday 18th July 2018
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Serbia is not part of the European Union, but as a European country with businesses involving EU companies it had to align with the particular set of laws like the ones meant to protect even more the private data of individuals. The GDPR (General Data Protection Regulation) in Serbia can be entirely explained by our team of lawyers in Serbia who can also help foreign investors in establishing their businesses in this country.
What is GDPR?
GDPR or the General Data Protection Regulation is a set of laws adopted by the EU parliament in 2016 which entered into force this year in May. The new set of rules replaces the Data Protection Directive 1995 and it is meant to add extra protection for the personal information of individuals. The ways in which the private information is accessed, stored and used are mentioned by the EU GDPR which also observes the activities in Serbia.
How will the companies in Serbia be affected by GDPR?
GDPR and the right to be forgotten
According to the new GDPR regulation imposed for EU and non-EU countries, in our case Serbia, natural persons have the possibility to solicit to companies erasing their names and information stored. A demand for the right to be forgotten can be made by individuals who want a better protection of their rights to privacy.
Short overview about GDPR
As a conclusion about the GDPR regulations in Serbia, the following are of a great importance:
- • practices regarding how personal data is stored and used by companies can only be accepted by individuals;
- • companies can face penalties of 4% from their global turnover if they do not respect the new GDPR rules;
- • legal support is necessary when accepting and aligning with the new GDPR regulations in Serbia.
We invite you to contact our law firm in Serbia and ask us about the GDPR regulations in Serbia.