AVS Legal is again ranked in the list of the best law firms according to the IFLR 1000 survey
We are pleased to announce that the eminent international directory of law firms #IFLR1000 ranked AVS Legal as one of the leading law firms in Serbia in the field of Project development, as well as in the field of Financial and Commercial law in its 2022 edition.
We are proud of the fact that this year too, the name of our office is among the leading, renowned names of the legal profession. The achieved result represents exceptional recognition of our work so far and additional motivation to continue improving the quality of our services, as well as to make the ranking within the #IFLR1000 a tradition.
More information on: https://www.iflr1000.com/Jurisdiction/Serbia/Rankings/198#rankings
Incentives for attracting foreign experts to work in Serbia
In June 2022, the “Regulation on criteria for granting incentives to employers who employ newly settled in the Republic of Serbia“(“Official Gazette of RS, No. 67/2022”) came into force and represents an important measure for employers to adapt to new business conditions in an internationally competitive market during the period of inflation. In addition to that, one of the biggest intentions of subject incentives is also the improvement of the demographic picture in the Republic of Serbia.
This Regulation specifies the criteria for granting incentives to employers who employ newly settled persons in the Republic of Serbia, for whom there is a need that cannot be easily met in the domestic labor market.
For the purposes of this Regulation, newly settled persons are considered to be foreign citizens, domestic repatriates, as well as persons educated abroad, from the work area where there is a shortage of professional manpower, all in order to meet the needs of economic activity in the Republic of Serbia.
The condition for receiving incentives is that the newly settled person is a natural person who did not reside in the Republic of Serbia for 180 days in the period of 24 months preceding the day of concluding the employment agreement and with which the employer has concluded an employment agreement for an indefinite period of time, with full working hours with a monthly basic wage of at least RSD 300,000.00, in accordance with the Labour Law.
Having all previously said in mind, this Regulation is suitable for everyone, both foreign employers and domestic employers who plan to invest their money in the Serbian economy.
The incentive will thus cover 70 percent of the calculated and paid payroll tax for one or more employees and 100 percent of the calculated and paid contributions for mandatory pension and disability insurance.
This, as stated in the Regulation in more detail, refers to payments made for the newly settled employee, starting from 01 July 2022 and ending on 31 December 2028. Regardless of the stated period, the employer shall have rights to the incentives for the maximum period of 60 months.
Additional information regarding the subject Regulation you may find by the insight in the text of the Regulation (https://www.neobilten.com/uredba-o-kriterijumima-za-dodelu-podsticaja-poslodavcima-koji-zaposljavaju-novonastanjena-lica-u-republici-srbiji/)
AVS Legal is ranked on the Legal 500 list this year as well
The AVS team is proud to announce that one of the most prominent legal directories, Legal 500, has ranked the office among the leaders in the area of Real estate and construction and in the area of Employment in Serbia in the latest survey of the international directory, which has been analyzing the global legal market for more than three decades, highlighting the law firms who are providing the most advanced and innovative advice in different legal areas.
Based on the statements of our clients regarding the services we have provided, Legal 500 characterized AVS as an efficient and flexible team that is always ready to adapt to current circumstances and client expectations, while some members of our team stand out as systematic, reliable, experienced as well as to instill confidence.
Clients we have worked with over the past year have singled out our ability to find innovative solutions to complex problems, as well as expertise in the efficient management of large and complex projects, as the biggest advantage of the office.
More information on the results of the research is available on the website: https://www.legal500.com/c/serbia/real-estate-and-construction/ i https://www.legal500.com/c/serbia/employment/
Quota for Incentives for Wind Power Plants
The government has passed a decree in the quota in the market premium system for wind farms. The first auction for acquiring the right to a market premium will be conducted by the end of the year.
Electronic Archiving – New Obligations of Companies in Serbia
The new Regulation completes the legal framework for electronic archiving in Serbia. Current regulatory efforts in the field of archiving foreshadow the digitalization of the entire archival system.
Stronger Legal Protection of Trade Secrets in Serbia
The Law on Protection of Trade Secrets (“Official Gazette of the RS”, No. 53/2021) entered into force on 5 July 2021, replacing the 2011 Law of the same title and harmonizing the legal regime for protection of trade secrets in Serbia with the relevant EU Directives. This revision mostly consists of clarification and more detailed regulation of certain issues, but the new Law introduces some important novelties as well, which we highlight further in this article.
Mining and Geological Exploration in Serbia – Reshaped Legal Framework
Law on Amendments to the Law on Mining and Geological Exploration (“Official Gazette of RS “, no. 40/2021) enters into force on 30 April 2021.
Exceptional ranking of AVS Legal by Legal 500
AVS Legal is ranked as one of the most prominent law firms in Serbia in the latest research of the international directory Legal 500.
Easier way for foreigners to regulate their status in the Republic of Serbia
In order to expedite the procedure of regulating residence permit and obtaining work permit for the foreigners, significant changes to the relevant regulations are envisaged, the introduction of which has begun in 2019, with amendments to the Law on Foreigners and the Law on Employment of Foreigners.
Ministry’s Guide for safe and healthy work from home is published
Having in mind the Covid 19 pandemic, which requires adapting to the situation by the employees and the employers, the Ministry of Labor, Employment, Veterans and Social Affairs – Directorate for Safety and Health at Work (“Ministry”), published on 18 January 2021 the Guide for safe and healthy work from home (“Guide”), in order to facilitate work from home, for both the employees and the employers.