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07. March 2003 - Friday |
FIC White Book
The Foreign Investment Council claims that Serbia needs from $2 billion to $3 billion worth of foreign investments annually. In order to attract more foreign investment, FIC has recommended that Serbian authorities build a modern, strong, independent and reliable judicial system, to make opening of firms and obtaining of residence and work permits more simple and rapid.
FIC also recommends that some changes of the laws regulating bank business and the VAT tax system be introduced as soon as possible. According to FIC the rules on ownership of land and
constructing a building upon it are too difficult for foreign investors to understand.
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