In the last few years, Serbia has arisen as one of the best destinations to invest in Eastern Europe. A sound economic activity and a favorable investment environment has created an extraordinary cycle of growth.

When they look up in Serbia, investors will see dozens of potential investment opportunities, favorable legal conditions and a friendly business climate. Thanks to those unique conditions, Serbia has no match in the regional market regarding Funds and Trusts, those investment vehicles that will protect your assets and secure your legacy.

In a nutshell, we will tell you some of the perks that setting up an Association in Serbia will offer you:

-Founders are not treated as UBO (Ultimate Beneficial Owners). 

-Serbia is a fully whitelisted jurisdiction according to the OECD standards. This is a crucial aspect since we are in the age of transparency.

-High levels of privacy.

-Serbian Endowments (Trusts) and Foundations are fully supported by local banks.

Serbia is one of the best jurisdictions to establish a Trust or a Foundation in Europe. In this article we will tell you everything you need to know about these financial vehicles.

Why set up a Endowment in Serbia

Setting up an Endowment (also known as the Serbian trust) or a Foundation in Serbia will help you to keep your money safe while having a low profile. 

This Balkan country offers a flexible and solid legal framework for these types of financial vehicles. In fact, Serbia is one of the few countries in Europe that allows the formation of endowments solely for private purposes. 

This enables families and businessmen to safeguard their wealth under beneficial tax rates and in a long-term perspective. Also, the founders are not automatically treated as UBO (Ultimate Beneficial Owners), something impossible in other jurisdictions such as Liechtenstein.

Furthermore, it's possible to link Trust Services with other European jurisdictions, such as Switzerland and Andorra, a combination that can bring you the stability of those countries along with the Serbian tax efficiency, shielding you against any political, economic or social unpredictabilities that may arise.

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The Serbian Association

A Serbian association is a really flexible financial vehicle. It is commonly composed by a president, a board of directors and at least three founders. Some of its main advantages are:

-It simultaneously protects the identity of the Members (acting as the Assembly with the full control over structure) under confidentiality while maintaining full control over the structure.

-Minimum maintenance costs

-It can be created in less than a month, even remotely.

-It's possible to create a commercial holding for personal purposes of the beneficiaries.

The Serbian association presents an assertive long term solution for a wide range of problems a client may have. These are of the requirements stipulated to establish it:

-The Founding Act of the Association

-Minutes of the Constituent Assembly

-A certified copy of the ID or passport of the legal representative of the Association. This person must be a Serbian citizen or resident.

-Scanned copies of the passports or IDs of the founders.

An Association can be established both by individuals or companies, resident or non resident in Serbia. These documents will be prepared by our partners. In the present, the Serbian Association is one of the best legal structures of this type on the planet.

The Serbian Endowment

The Serbian Endowment (also known as the Serbian Trust) is a legal structure commonly used for asset protection and Estate Planning. Both foreign individuals or companies can be founders of this structure, as the Serbian law doesn’t impose restrictions on this aspect. Some of the main benefits of a Serbian Endowment are:

-A strong protection of assets from legal risks

-The ideal scheme of succession planning

-Complete control while ensuring confidentiality

-Its possible to use them for commercial transactions

-It can be used for any type of asset worldwide.

-A full support from Serbian banks.

-The founders are not shareholders of the Endowment, meaning that they would be legally disconnected from ownership.

An Endowment is an agile legal structure that can perform any business activities not prohibited by Serbian law. 

Some other things you must know of a Serbian Endowment are:

-It must be established by at least one founder, who can be a foreign individual or legal entity, resident or non-resident.

-The minimum value of the assets for establishment is EUR 30.000 

-The assets are not owned by the founders, beneficiaries or any other person connected to the Endowment.

What can we do for you?

In Mundo, our core value is freedom. That’s why we work really hard along with our network of experts to create new forms to help our clients in their pursuit of financial freedom.

Serbia is a leading country in the Balkans, a place with sound economic policies, strategic location and a government friendly towards investment. 

Regarding Funds and Trusts, this Balkan country offers extraordinary opportunities to secure your wealth and achieve freedom. We have partnered with a long-standing firm composed by one of the best consultants in the local market. Their services include:

-Setting up and managing wealth structure in partnership of the client

-Advisement in the selection of the ideal form of legal entity to safeguard your assets

-Organizing, engaging and monitoring trustees, council members of directors of the entity 

-Financial and legal advisement

Our partners have extensive experience helping clients to structure their wealth, establishing private foundations and assisting family offices. 

Safeguard your legacy with Mundo. Contact us now!

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