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In recent years, Serbia has been rapidly becoming the main 'Plan B' for many who are looking for a comfortable and safe country for life and business in Europe. This trend received a powerful boost from revolutionary amendments to the Law on Foreigners (Sl. glasnik RS, br. 62/2023), which came into force at the end of 2023.
When choosing a country for relocation, one of the first questions that arises is the cost of living. Serbia, Georgia, Turkey, and Montenegro offer different conditions, and the living budget can vary significantly. Each country has its own unique features that affect daily expenses.
The path for property owners to obtain permanent residence in Serbia takes three years. This process is based on obtaining a temporary residence permit, known in Serbian as 'privremeni boravak'. The grounds for its issuance is the ownership of residential property within the country.
Moving to Serbia, like to any other country, involves a number of mandatory expenses that must be considered when creating a budget. Understanding the cost structure allows you to allocate funds wisely and avoid financial difficulties at the initial stage. All expenses can be conditionally divided into three large groups: legalization, housing, and initial household needs.