Legal Acts in English

ISSN 1452-6662

Over 180 up-to-date legal acts of the Republic of Serbia translated to English.

Group:	FOREIGN INVESTMENTS AND FOREIGN ECONOMIC RELATIONS
Issue:	FOREIGN TRADE LAW Published in the Službeni glasnik RS, Nos. 36/09 of 15 May 2009, 36/11 of 27 May 2011 (other law), 88/11 of 24 November 2011 and 89/15 of 27 October 2015 (other law)
Section:	I BASIC PROVISIONS I. BASIC PROVISIONS Meaning of Some Terms and Expressions

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Article 2
Foreign trade shall mean the trading done between domestic and foreign persons on the basis of contracts concluded in keeping with domestic regulations and international agreements.
The conduct of business shall include a direct investment by and capital projects of a foreign person in the Republic of Serbia and investments by and capital projects of a domestic person in another state or customs territory.
For the purposes of paragraph 2 of this Article:
1) Direct investment shall mean the establishment of a company, branch, purchase of equity or shares of a company, recapitalisation of a company and any other kind of investment by a foreign person in the Republic of Serbia or by a domestic person in another state or customs territory.
2) Capital projects shall mean designing, construction and specialists work, engineering and all other works and services performed in/on buildings by a foreign person in the Republic of Serbia or by a domestic person in another state or customs territory.