Insights

Serbia: a Package of Financial Laws has been Adopted

On 19 April 2018, the National Assembly of the Republic of Serbia adopted amendments of several financial laws. Below are some of the most important novelties introduced in this manner.

Law on Foreign Exchange TransactionsSerbian companies will now be able to grant loans to foreign borrowers. In addition, Serbian companies will also be able to provide warranties and guarantees or other collaterals for loans between foreign companies. These guarantees and loans may be limited by ...
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Serbia: New Law on Foreigners

The National Assembly of the Republic of Serbia recently adopted the new Law on Foreigners which regulates thoroughly and in detail the conditions for entry, movement, residence and return of foreigners, as well as the competences of the relevant state authorities. The main reasons for adoption of this piece of legislation are specifying certain provisions and regulating certain areas which were unregulated, all in order to implement the regulations more effectively in practice.

Key noveltiesThe law regulates in detail the procedure and reasons for refusing entry to a foreigner. The entry of a foreigner can now be refused by a decision based on the standardized form of refusal of entry indicating the exact reasons for refusal. In addition, the law prescribes that the ...
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