To start business in Serbia 14 days required

 Belgrade, 19.July 2010.

East Europe and Central Asia are the most open regions in the world for foreign property, the latest report ‘Over Border Investing 2010’ by the World Bank reads.

All countries of these regions allow full property in companies in banking, construction, healthcare, retail, tourism and waste treatment, this report further reads. It covered regulations and practice regarding direct foreign investments in 87 countries.

The chief criteria by the World Bank apart from possibilities for foreign investing in different sectors, were time required to start a business, possibility of getting land and arbitration in case of need.

In Serbia a foreigner needs 14 days to start a business and has to carry out eight procedures.

The report suggests that a country can improve competitiveness when direct foreign investments are concerned by improving investing climate following indicators specified in the World Bank’s documents.

Good regulations and their implementation are not decisive factors at making of investing decisions but can give advantage to a country if it is equal to some other country in all other parameters, the World Bank concludes.