Why companies choose an address in Novi Sad
Novi Sad is the administrative centre of Vojvodina, 90 km from Belgrade, a city with a university, a science and technology park and offices of international IT companies. It has its own APR branch, a branch of the Tax Administration, offices of all the major banks and notaries, so registering and running a company requires no trips to the capital.
The main argument is cost. Office rent, housing and salaries are a third lower than in Belgrade or more, and the sole trader's flat-rate tax is calculated from the average salary in the municipality, which in Novi Sad is usually lower than in Belgrade. For a remote IT company or a freelancer that is a tangible saving with the same legal status.