Civil law

General managers enter either into employment agreement or agreement on rights and duties of general manager, i.e. managament agreement

Social insurance

Yes

Income tax

Subject to tax on salaries (if employment agreement is concluded) or tax on other income (if agreement on rights and duties of general manager is concluded), including all fringe benefits

VAT

None

Work permit

Work permit is required for non-resident general managers who are locally employed

Residence permit / Settlement permit

Residence permit is needed if general manager is staying more than 90 days in Serbia in case he/she is not locally employed.

Liability

In case of gross negligence or fault.

Minimum remuneration

Subject to Labour Law regulations for employment engagement, otherwise appropriate remuneration.