SIEPA
Encyclopedia
The Serbia Investment and Export Promotion Agency (SIEPA) is a government agency
in charge of assisting foreign investors and buyer
s, and strategic promotion of Serbia as a country internationally. The agency was created in 2001 by the government
of Serbia
with the mission to support foreign companies seeking to set up or expand in Serbia and Serbian companies when doing business worldwide.
The following services are offered to potential investors: providing statistics, economic and legal investment related information; database of greenfield and other investment
opportunities with site visit organization; assistance in obtaining registration, licenses, permits and other documentation; identifying local partners and suppliers, including meeting facilitation; presenting ready-to-invest projects; maintaining investment and exporters databases; delivering sector analysis and studies.
SIEPA networks with all FDI-related public and private sector bodies, including government ministries and other governmental bodies, municipal authorities and local self-government, building land agencies, tax and customs authorities, statistical bureaus, chambers of commerce and the National Bank of Serbia
. In addition, SIEPA expert staff offers information packages about law, industries, sectors, business practices, and general doing business in Serbia. SIEPA publications and materials on doing business in Serbia, as well as detailed sector analysis and studies are available in hard copy and can be downloaded at www.siepa.gov.rs. The SIEPA website is currently available in English, Italian and Serbian languages.
SIEPA is a member of the World Association of Investment Promotion Agencies (WAIPA), as well as the World Trade Promotion Organizations (WTPO), a part of the International Trade Centre
(ITC). In addition, in 2008 SIEPA was short listed for the World TPO Awards in the category of the Best Trade Promotion Organization from a Developing Country, then at the La Baule 2007 World Investment Conference SIEPA was awarded with the special prize for the Best Practices in Promotion. In 2006, SIEPA scored among the top 8 agencies out of 114 reviewed in developing countries according to ’MIGA 2006 IPA Performance Review: Providing Information to Investors‘.
Government agency
A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...
in charge of assisting foreign investors and buyer
Buyer
When someone gets characterised by their role as buyer of certain assets, the term "buyer" gets new meaning:A "buyer" or merchandiser is a person who purchases finished goods, typically for resale, for a firm, government, or organization...
s, and strategic promotion of Serbia as a country internationally. The agency was created in 2001 by the government
Government of Serbia
Officially the Government of the Republic of Serbia is the executive branch of government in Serbia.-Current government:The current government was elected on 7 July 2008 by the majority vote in the National Assembly of Serbia and restructured on 14 March 2011...
of Serbia
Serbia
Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...
with the mission to support foreign companies seeking to set up or expand in Serbia and Serbian companies when doing business worldwide.
The following services are offered to potential investors: providing statistics, economic and legal investment related information; database of greenfield and other investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
opportunities with site visit organization; assistance in obtaining registration, licenses, permits and other documentation; identifying local partners and suppliers, including meeting facilitation; presenting ready-to-invest projects; maintaining investment and exporters databases; delivering sector analysis and studies.
SIEPA networks with all FDI-related public and private sector bodies, including government ministries and other governmental bodies, municipal authorities and local self-government, building land agencies, tax and customs authorities, statistical bureaus, chambers of commerce and the National Bank of Serbia
National Bank of Serbia
National Bank of Serbia is the central bank of Serbia; its main responsibilities are the protection of price stability and maintenance of financial stability....
. In addition, SIEPA expert staff offers information packages about law, industries, sectors, business practices, and general doing business in Serbia. SIEPA publications and materials on doing business in Serbia, as well as detailed sector analysis and studies are available in hard copy and can be downloaded at www.siepa.gov.rs. The SIEPA website is currently available in English, Italian and Serbian languages.
SIEPA is a member of the World Association of Investment Promotion Agencies (WAIPA), as well as the World Trade Promotion Organizations (WTPO), a part of the International Trade Centre
International Trade Centre
The International Trade Centre is the joint agency of the World Trade Organization and the United Nations.The following statement about the ITC is taken verbatim from its website, and reflects the ITC's official view of its own functions:...
(ITC). In addition, in 2008 SIEPA was short listed for the World TPO Awards in the category of the Best Trade Promotion Organization from a Developing Country, then at the La Baule 2007 World Investment Conference SIEPA was awarded with the special prize for the Best Practices in Promotion. In 2006, SIEPA scored among the top 8 agencies out of 114 reviewed in developing countries according to ’MIGA 2006 IPA Performance Review: Providing Information to Investors‘.