COUNTRY GUIDE
A short guide to building a dedicated offshore team in Serbia
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Belgrade
Serbian
7.14 million
GMT+2
35,000+
Serbian Dinar (RSD)
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$352.10 million
$53.2 million
Belgrade
Serbian
7.14 million
GMT+2
35,000+
Serbian Dinar (RSD)
$352.10 million
$53.2 million
Serbia, in Southeast Europe, is an ascending star in the IT realm, annually churning out 30,000 engineering graduates, underscoring its tech growth.
Belgrade, the capital, pulsates with tech innovation, abounding in events, incubators, and R&D efforts, attracting talents skilled in diverse tech niches from software engineering to digital entrepreneurship.
With its IT sector anticipating a CAGR of 8.77% from 2023 to 2028, Serbia is gaining prominence as a global IT service provider. Its strategic location, cost-effectiveness, and innovation-driven culture make it a prime choice for businesses seeking quality software development services. Serbia's robust IT market and skilled workforce mark it as a promising hub for tech investments and collaborations.
Payroll Cycle
In Serbia, salaries are usually disbursed monthly. Employers are required to process wage payments a minimum of once per month.
Employer Taxes
15.15%
Overtime Pay
Any work exceeding the standard weekly working hours is considered overtime and is governed by the terms of the employment contract or collective agreements. There are limits to the amount of overtime an employee can work when asked to work additional hours or on holidays, not exceeding eight hours per week or four hours in a single day.
Overtime that goes beyond 40 hours a week is compensated at a rate higher than the regular pay, typically at 126.00% of the employee's average wage. When overtime is carried out on public holidays, the compensation is set at 110.00% of the employee’s normal pay rate.
Paid Leave
Employees earn the right to 20 days of paid annual vacation after completing a year of service with their employer. For those who have been with the organization for less than six months, annual leave is accumulated at a rate of 1/12 per month. Any days not taken can be rolled over until the end of June the subsequent year.
Sick Leave
Employees qualify for 30 days of paid sick leave, during which they receive 65% of their regular salary from the employer. However, if the illness is a result of a workplace injury or ailment, the employer is obligated to pay 100% of the employee's standard earnings during this leave. Should the sick leave extend beyond 30 days, the responsibility for compensating the additional leave shifts from the employer to the state.
It is mandatory for employers to provide a medical certificate verifying the illness within the initial three days of the employee's sickness.
Public and Provincial Holidays
Notice Period
Employers are required to notify an employee eight days in advance of termination (or five days during a probationary period). Conversely, an employee planning to end their employment contract is obligated to give 15 days' notice.
For layoffs, a notification period of 30 days is mandatory.
13th Month Bonus
The law doesn't mandate 13-month salary payments. Any bonuses are issued at the discretion of the employer.
Establishing a dedicated business presence in Serbia for the purpose of team development can be an arduous and expensive endeavor, burdened with significant legal fees.
In parallel, navigating the intricacies of Serbian labor laws and meeting the expectations of employees emerge as complex and strenuous tasks. These challenges are exacerbated by the necessity to obtain precise and contemporary employment information specific to Serbia. Additionally, the process of organizing contracts and tracking invoices through emails and spreadsheets is fraught with potential for disorder and mistakes.
In such scenarios, adherence to compliance becomes crucial, necessitating a strict observance of Serbian regulations, with a particular focus on taxation and legal requirements.
ALLSTARSIT offers a streamlined approach to these challenges by providing an all-encompassing solution for locating and recruiting talent within Serbia, handling HR and payroll duties, and automating compliance measures. Our services are designed to simplify the process, removing the hassles and complexities traditionally associated with such undertakings.
Choose the right expert professionals required for your specific project, saving time and wasted effort.
This service enables software development companies worldwide to meet any technical needs outside their core skill set by adding specialized staff on demand while retaining control of the project's specifications and scope.
Establish R&D / Tech Support / QA & Testing / DevOps / Data Entry Centers in your chosen location.
Forget about investing in facilities, equipment, technology, or human resources. We manage all necessary operations as your specialist. This can help you save money and resources, all while reducing frustration and simplifying internal processes.
Use ALLSTARSIT as your EOR / CM to easily hire employees in new countries without setting up a legal entity.
We act as the employer for your new hire, handling all HR, payroll, tax, and compliance requirements on your behalf, while you maintain control of their workload.
Effortlessly Access Expert Tech Support for Your Projects
Our Tech Support service provides companies worldwide with access to the best technical experts tailored to their specific project needs. Whether you require troubleshooting, maintenance, or specialized assistance, we ensure that you have the right professionals on hand to support your endeavors effectively.
Maximize Your Customer Satisfaction Level with Our Customer Support Service
Access tailored customer care solutions for your business needs. Our expert team is dedicated to addressing inquiries, resolving issues, and delivering personalized assistance. Say goodbye to challenges and hello to exceptional customer care with us.
Contact us, and we’ll help you hire the best tech talent in Serbia
