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Startup Alternative Investment Funds

Serbian IT services market reached a value of around EUR 300 million and is growing annually, while the export of IT services in 2021 amounted to EUR 1.73 billion, which is an annual growth of 30%.

In the last 15 years, the Serbian IT sector reached significant growth. From sole traders/entrepreneurs, and agencies, to smaller companies that provide services through “outsourcing” to clients in Western Europe and North America.

During this period, the first gradual and then sudden transformation of the IT sector occurred, due to the expertise of people from high-quality technical faculties in Serbia, but also through informal education and excellent knowledge of the English language, which contributed to easier cooperation and creation of additional value on the market. Due to these reasons, the Serbian IT sector exported services with an excellent quality-price ratio.

How this growth trend is recognized by the legislator, with numerous tax incentives, primarily for innovative creators of products and services such as startups, as well as their necessary financial development, and, how financing solutions are established by the Law on Alternative Investment Funds (AIF Law), you may find out in this article, prepared by JPM Partner Aleksandar Popović and Senior Associate Miloš Maksimović.

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