Investor / Golden Visa

Investor Temporary Residence Permit

💎 Investment Required
€50,000
one-time
Minimum bank balance in a Serbian bank account, plus investment in tangible or intangible assets of a registered company
⏱️ Duration
Initial permit up to 6 months, renewable for up to 3 years
👪 Dependants
Yes
Spouse and children under 18 through family reunification
🛂 Citizenship Path
Yes
After 3 years of continuous temporary residence, eligible for permanent residence (stalni boravak); after 3 further years of permanent residence, eligible for citizenship by naturalization; total path to citizenship approximately 6 years

Serbia's Investor Temporary Residence Permit allows foreign nationals to reside and work in Serbia by investing in registered Serbian companies through tangible and intangible assets. Established under the Law on Foreigners and a 2020 government decree, the program is administered by the Ministry of Internal Affairs. Major 2023 amendments extended permit duration to up to 3 years, reduced the permanent residence timeline from 5 to 3 years, and digitized the entire application process.

Requirements
  • Investment in tangible or intangible assets of a registered company in Serbia
  • Bank balance of at least EUR 50,000 in a Serbian-registered bank account for the initial application
  • Proof of paid capital contribution of at least EUR 5,000 into the company's share capital for renewal
  • Must be at least 18 years old
  • Valid health insurance covering the stay in Serbia
  • Proof of accommodation (landlord's statement or tenancy agreement)
Required Documents
  • Valid passport with at least 3 months validity beyond the permit period
  • Two passport photographs (35x45mm, colour, full face)
  • Certificate of invested tangible and intangible assets in a registered Serbian company
  • Bank statement showing at least EUR 50,000 in a Serbian bank account
  • Proof of accommodation
  • Health insurance documentation
  • Proof of paid administrative fees (approximately RSD 23,120)
Duration & Renewal

The initial permit is granted for up to 6 months. Renewals can extend up to 3 years per period. To renew, applicants must demonstrate a paid cash capital contribution of at least EUR 5,000 into the company's share capital. Renewal applications should be submitted no sooner than 3 months before expiration and no later than the expiration date.

Family Members

Spouse and children under 18 may apply for temporary residence through family reunification. Each family member must submit a separate application with their own passport, photographs, health insurance, and proof of the family relationship. Family permits follow the same duration and renewal rules as the primary permit.

Tax Implications

Individuals spending more than 183 days in Serbia within a 12-month period become tax residents subject to worldwide income taxation. Key rates include: 10% flat rate on salary income, 15% on capital gains, and 20% on rental income. Serbia has double taxation treaties with 64 countries.

Application Process
  1. Obtain a long-stay Visa D from a Serbian embassy if required (visa-exempt nationals can enter for up to 90 days)
  2. Register your residential address with local police upon arrival
  3. Open a bank account at a Serbian-registered bank and deposit at least EUR 50,000
  4. Invest in tangible or intangible assets of a registered Serbian company
  5. Submit the temporary residence application via the Foreigners' Portal or in person at the police directorate
  6. Attend a biometric data collection appointment
  7. Receive the biometric foreigner identity card upon approval

As of February 2024, the entire process can be completed electronically through the unified portal. Processing takes approximately 15 days under the digitalized system.

Path to Permanent Residence

After 3 years of continuous temporary residence, holders may apply for permanent residence. Absences during this period must not exceed 10 months total or 6 months continuously. Citizenship by naturalization is available after 3 further years of permanent residence, making the total path approximately 6 years.

Other Visa Programs in Europe

Country
Program
Income
Investment
Funds Required
Capital Required
Duration
Dependants
Citizenship
Compare
🇦🇱 Albania
Residence Permit for Pensioners
ALL 120,000 / month
1 year
Yes
Yes (7yr)
🇦🇱 Albania
Residence Permit for Real Estate Owners
No minimum investment amo...
1 year
Yes
Yes (7yr)
🇦🇱 Albania
Unique Permit for Digital Mobile Workers
No explicit statutory min...
1 year — 5 years
Yes
Yes (7yr)
🇦🇱 Albania
Unique Permit for Investors
ALL 10,000,000 one-time
2 years — 3 years
Yes
Yes (7yr)
🇦🇩 Andorra
Digital Nomad Residence Permit
€4,342 / month
2 years
Yes
🇦🇩 Andorra
Entrepreneur Residence Permit
1 year
Yes
🇦🇩 Andorra
Residence for Scientific, Cultural and Sporting Interest
€54,912 / year
2 years — 10 years
Yes
Yes
🇦🇩 Andorra
Residence Without Lucrative Activity
€1,000,000 one-time
2 years — 10 years
Yes
Yes
🇦🇹 Austria
Job Seeker Visa (Red-White-Red Card)
Must prove sufficient fun...
6 months
No
🇦🇹 Austria
Red-White-Red Card for Start-up Founders
€30,000 one-time
2 years — Permanent
Yes
🇦🇹 Austria
Settlement Permit — Artist
€1,309 / month
1 year — Permanent
Yes
🇦🇹 Austria
Settlement Permit Excluding Gainful Employment
€2,617 / month
1 year — Permanent
Yes
Yes (10yr)
🇧🇾 Belarus
Hi-Tech Park Resident
No minimum capital invest...
1 year
Yes
🇧🇾 Belarus
Investor Permanent Residence Permit
$202,000 one-time
Permanent
Yes
Yes
🇧🇪 Belgium
Professional Card for Entrepreneur
€22,838 one-time
1 year — 5 years
Yes
Yes (5yr)
🇧🇪 Belgium
Rentier Residence Permit
€1,314 / month
1 year
Yes
Yes (5yr)
🇧🇬 Bulgaria
Continuous Residence Permit for Pensioners
€620 / month
1 year
Yes
🇧🇬 Bulgaria
Digital Nomad Residence Permit
€31,010 / year
1 year — 2 years
Yes
No
🇧🇬 Bulgaria
Investor Residence Permit
€512,000 one-time
1 year — Permanent
Yes
Yes (5yr)
🇧🇬 Bulgaria
Startup Visa
€1,860 one-time
1 year — 3 years
Yes
🇭🇷 Croatia
Temporary Stay for Other Purposes (Property Ownership)
€791 / month
1 year
Yes
🇭🇷 Croatia
Temporary Stay of Digital Nomads
€3,623 / month
1 month — 18 months
Yes
🇨🇾 Cyprus
Category D Immigration Permit
Permanent
Yes
Yes
🇨🇾 Cyprus
Category F Immigration Permit
€798 / month
Permanent
Yes
Yes (7yr)
🇨🇾 Cyprus
Digital Nomad Visa
€3,500 / month
1 year — 3 years
Yes
No
🇨🇾 Cyprus
Permanent Residence Permit for Investors
€300,000 one-time
Permanent
Yes
Yes (7yr)
🇨🇾 Cyprus
Startup Visa
€20,000 one-time
3 years — 5 years
Yes
🇨🇿 Czech Republic
Digital Nomad Program
CZK 69,248 / month
1 year — 3 years
Yes
🇨🇿 Czech Republic
Long-Term Residence Permit for the Purpose of Investment
CZK 75,000,000 one-time
2 years
Yes
Yes (5yr)
🇩🇰 Denmark
Start-up Denmark
DKK 153,240 one-time
2 years — 5 years
Yes
Yes (8yr)
🇪🇪 Estonia
Digital Nomad Visa
€4,500 / month
90 days — 1 year
Yes
No
🇪🇪 Estonia
Residence Permit for Major Investor
€1,000,000 one-time
5 years — 10 years
Yes
🇪🇪 Estonia
Startup Visa
€880 / month
1 year — 5 years
Yes
Yes (8yr)
🇫🇮 Finland
Residence Permit for Work in Culture or Arts
€1,463 / month
1 year — 4 years
Yes
🇫🇮 Finland
Startup Residence Permit
No fixed capital requirem...
2 years — 4 years
Yes
Yes (6yr)
🇫🇷 France
Carte de Séjour Temporaire Visiteur
€17,317 / year
1 year
Yes
Yes (5yr)
🇫🇷 France
Talent Porteur de Projet — Business Creation
€30,000 one-time
4 years
Yes
🇫🇷 France
Talent Porteur de Projet — Direct Economic Investment
€300,000 one-time
4 years
Yes
🇫🇷 France
Talent Porteur de Projet — Innovative Economic Project (French Tech Visa)
No minimum investment req...
4 years
Yes
🇫🇷 France
Talent — Artistic and Cultural Profession
€15,313 / year
4 years
Yes
Yes (5yr)
🇫🇷 France
Talent — International Reputation
4 years
Yes
Yes (5yr)
🇩🇪 Germany
Opportunity Card (Chancenkarte)
Must prove sufficient fun...
1 year
No
🇩🇪 Germany
Freelance Residence Permit
No fixed statutory minimu...
1 year — 3 years
Yes
🇩🇪 Germany
Residence Permit for Financially Independent Persons
No fixed statutory minimu...
1 year — 3 years
Yes
🇩🇪 Germany
Self-Employment Residence Permit for Business Founders
No fixed statutory minimu...
1 year — 3 years
Yes
🇩🇪 Germany
Settlement Permit for Highly Qualified Professionals
Permanent
Yes
Yes (5yr)
🇬🇷 Greece
Digital Nomad Visa
€3,500 / month
1 year — 2 years
Yes
Yes
🇬🇷 Greece
Golden Visa (Permanent Residence Permit for Investor)
€400,000 one-time
5 years — Permanent
Yes
Yes (7yr)
🇬🇷 Greece
Residence Permit for Financially Independent Persons
€3,500 / month
3 years — Permanent
Yes
Yes (5yr)
🇬🇷 Greece
Talent Visa
1 year
Yes
Yes (7yr)
🇬🇬 Guernsey
Guernsey Entrepreneur Visa
£200,000 one-time
2 years — 5 years
Yes
Yes
🇬🇬 Guernsey
Guernsey Investor Visa
£1,000,000 one-time
2 years — 5 years
Yes
Yes
🇭🇺 Hungary
Guest Investor Residence Permit
€250,000 one-time
10 years
Yes
Yes
🇭🇺 Hungary
Guest Self-Employment Residence Permit
No fixed capital requirem...
1 year — 3 years
Yes
Yes
🇭🇺 Hungary
White Card
€3,000 / month
1 year — 2 years
No
🇮🇸 Iceland
Long-Term Visa for Remote Work
ISK 1,000,000 / month
90 days — 180 days
Yes
No
🇮🇪 Ireland
Stamp 0 (Person of Independent Means)
€50,000 / year
1 year
No
No
🇮🇪 Ireland
Start-Up Entrepreneur Programme (STEP)
€50,000 one-time
2 years — 5 years
Yes
Yes (5yr)
🇮🇲 Isle of Man
Innovator Visa
£50,000 one-time
3 years — Permanent
Yes
Yes
🇮🇲 Isle of Man
Start-Up Visa
£945 one-time
2 years
Yes
No
🇮🇹 Italy
Digital Nomad Visa
€24,789 / year
1 year
Yes
Yes (5yr)
🇮🇹 Italy
Elective Residence Visa
€32,000 / year
1 year — 2 years
Yes
Yes (10yr)
🇮🇹 Italy
Investor Visa for Italy
€250,000 one-time
2 years — 3 years
Yes
Yes (10yr)
🇮🇹 Italy
Italia Startup Visa
€50,000 one-time
1 year — 2 years
Yes
Yes (10yr)
🇯🇪 Jersey
High Value Residency Programme
£3,500,000 one-time
Permanent
Yes
Yes
🇽🇰 Kosovo
Self-Employment Work Permit
No fixed minimum capital....
1 year — 5 years
Yes
🇱🇻 Latvia
Investor Residence Permit
€50,000 one-time
5 years
Yes
Yes
🇱🇻 Latvia
Long-Stay Visa for Remote Work
€4,213 / month
1 year — 2 years
No
Yes
🇱🇻 Latvia
Startup Visa
€2,800 one-time
3 years
Yes
Yes
🇱🇻 Latvia
Temporary Residence Permit for Pensioners
€1,101 / month
5 years
Yes
🇱🇮 Liechtenstein
Residence Permit Without Gainful Employment
CHF 100,000 / year
1 year
Yes
Yes
🇱🇹 Lithuania
Startup Visa
€1,000 one-time
1 year — 2 years
Yes
Yes (10yr)
🇱🇺 Luxembourg
Investor Residence Permit
€500,000 one-time
3 years
Yes
Yes (5yr)
🇱🇺 Luxembourg
Job Seeker Authorisation
Must prove sufficient res...
9 months
No
🇱🇺 Luxembourg
Residence Permit for Private Reasons
€2,704 / month
3 years
Yes
Yes (5yr)
🇱🇺 Luxembourg
Self-Employed Worker Residence Permit
No fixed minimum — adequa...
3 years — 5 years
Yes
🇲🇹 Malta
Global Residence Programme
€15,000 / year
1 year — Permanent
Yes
Yes
🇲🇹 Malta
Malta Permanent Residence Programme
€68,000 one-time
Permanent
Yes
Yes (5yr)
🇲🇹 Malta
Malta Retirement Programme
€7,500 / year
1 year — Permanent
Yes
No
🇲🇹 Malta
Nomad Residence Permit
€42,000 / year
1 year — 4 years
Yes
No
🇲🇹 Malta
Startup Residence Programme
€25,000 one-time
3 years — 8 years
Yes
Yes (5yr)
🇲🇹 Malta
The Residence Programme
€15,000 / year
1 year — Permanent
Yes
Yes
🇲🇹 Malta
United Nations Pensions Programme
€10,000 / year
1 year — Permanent
Yes
Yes
🇲🇩 Moldova
Digital Nomad Visa
€2,535 / month
2 years
Yes
Yes
🇲🇩 Moldova
Investment Residence Permit
€27,000 one-time
2 years — 8 years
Yes
Yes (8yr)
🇲🇨 Monaco
Residence Permit for Persons Without Professional Activity
No fixed minimum. Applica...
1 year — Permanent
Yes
Yes (10yr)
🇲🇪 Montenegro
Digital Nomad Residence Permit
€2,010 / month
2 years — 4 years
Yes
Yes
🇲🇪 Montenegro
Temporary Residence and Work Permit for Entrepreneurs
No minimum capital requir...
1 year
Yes
Yes (10yr)
🇲🇪 Montenegro
Temporary Residence Permit for Property Owners
€150,000 one-time
1 year
Yes
Yes
🇳🇱 Netherlands
Orientation Year Residence Permit
1 year
Yes
🇳🇱 Netherlands
Startup Residence Permit
€1,735 / month
1 year
Yes
🇲🇰 North Macedonia
Personal Work Permit for Self-Employment
No fixed minimum; must de...
1 year — 3 years
Yes
Yes (8yr)
🇳🇴 Norway
Self-Employment Residence Permit
No fixed capital requirem...
1 year
Yes
🇵🇹 Portugal
D7 Passive Income Visa
€920 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
D8 Digital Nomad Visa
€3,680 / month
1 year
Yes
Yes (5yr)
🇵🇹 Portugal
Digital Nomad Residence Permit
€3,680 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
Golden Visa
€500,000 one-time
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
Job Seeker Visa
€760 / month
120 days — 180 days
No
🇵🇹 Portugal
Residence Permit for Highly Qualified Activity
€1,611 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
StartUP Visa
€6,446 one-time
2 years — Permanent
Yes
Yes (5yr)
🇷🇴 Romania
Digital Nomad Visa
€5,650 / month
6 months — 1 year
No
🇷🇴 Romania
Long-Stay Visa for Commercial Activities
€100,000 one-time
1 year — 3 years
Yes
🇷🇺 Russia
Impatriation Residence Permit
3 years — Permanent
Yes
Yes
🇷🇺 Russia
Investor Residence Permit
RUB 15,000,000 one-time
Permanent
Yes
Yes (5yr)
🇸🇲 San Marino
Atypical Residence for Pensioners
€120,000 / year
10 years — Permanent
Yes
🇸🇲 San Marino
Elective Residence
€500,000 one-time
10 years — Permanent
Yes
Yes (30yr)
🇸🇲 San Marino
High-Tech Startup Residence
€1 one-time
1 year — Permanent
Yes
🇷🇸 Serbia
Investor Temporary Residence Permit
€50,000 one-time
6 months — 3 years
Yes
Yes
🇷🇸 Serbia
Property Ownership Temporary Residence Permit
Ownership of residential ...
3 years
Yes
Yes
🇷🇸 Serbia
Startup Temporary Residence Permit
1 year — 3 years
Yes
🇷🇸 Serbia
Talent Temporary Residence Permit
1 year — 3 years
Yes
🇸🇰 Slovakia
Temporary Residence for Business Purpose
€28,413 one-time
3 years
Yes
🇸🇮 Slovenia
Temporary Residence Permit for Digital Nomads
€3,222 / month
1 year
Yes
🇸🇮 Slovenia
Temporary Residence Permit for Other Justified Reasons
€494 / month
1 year
Yes
Yes (10yr)
🇪🇸 Spain
Entrepreneur Visa
No fixed capital requirem...
1 year — 3 years
Yes
Yes (10yr)
🇪🇸 Spain
International Telework Visa
€2,849 / month
1 year — 3 years
Yes
Yes (10yr)
🇪🇸 Spain
Non-Lucrative Residence Visa
€2,400 / month
1 year — 2 years
Yes
Yes (10yr)
🇸🇪 Sweden
Residence Permit for Job Seeking
Must prove sufficient fun...
9 months — 1 year
Yes
🇸🇪 Sweden
Residence Permit for Highly Qualified Persons
9 months
No
🇸🇪 Sweden
Self-Employment Residence Permit
SEK 200,000 one-time
1 year — 2 years
Yes
🇨🇭 Switzerland
Residence Permit Without Gainful Employment
CHF 25,200 / year
1 year — 5 years
Yes
Yes (10yr)
🇺🇦 Ukraine
Immigration Permit for Highly Qualified IT Specialists
Permanent
Yes
Yes (5yr)
🇺🇦 Ukraine
Immigration Permit for Investors
$100,000 one-time
Permanent
Yes
Yes
🇺🇦 Ukraine
Temporary Residence Permit for Investors
€100,000 one-time
2 years
No
🇬🇧 United Kingdom
Global Talent Visa
1 year — 5 years
Yes
Yes (4yr)
🇬🇧 United Kingdom
High Potential Individual Visa
2 years — 3 years
Yes
🇬🇧 United Kingdom
Innovator Founder Visa
No minimum investment req...
3 years — Permanent
Yes