The firm is very commercially sharp, helpful in negotiating and finding working solutions for commercial terms in transaction documentation, and the team members are always on top of things, overseeing and anticipating potential legal issues to be covered in documentation. (Chambers & Partners, 2018)
The office in Belgrade was founded in 1995, and has since grown into a regional full-service legal practice. Karanovic & Partners is consistently ranked as a top tier legal practice by leading legal directories.
Serbia Market Overview
The Stabilization and Association Agreement (SAA) between the Republic of Serbia and the EU entered into force in 2013, making the conditions for investment and business more recognizable and predictable. The country’s comparative advantage in labour costs, tax rates, and utilities costs are some of the primary reasons for foreign investors, mostly arriving from the EU, CEFTA countries and Russia, to invest in Serbia. Free trade agreements in the region provide customs-free market access to over 1 billion people, with its domestic market representing 7.5 million people – making it the second largest market in the SEE.
Croatia Market Overview
Croatia is dynamic and complex market that plays an important role on the economic stage in Southeast Europe. A member of NATO and the European Union, the country has been one of the fastest growing economies in the region. The Croatian Government continues to prioritise attracting foreign investors and all investors, both foreign and domestic, are guaranteed equal treatment by law. Apart from tourism, sectors that attract the most interest are major infrastructure projects in railways, roads, power, water, oil, gas, telecommunications, shipbuilding, health care, medical equipment, consumer goods, and construction materials.
Due to local rules governing the profession, we are not able to share additional information.
The firm is very efficiently organized, they are covering different areas of legal services and the support of whole team is very professional and the case is considered from different areas. The response time is almost "in-real-time" as they fully understand the need to solve the problem as it occurs. (IFLR 1000, 2018)
In this central and strategic market, cooperating local lawyers are offering leading legal advice to national and international clients since 2015. The team in Ljubljana provides a wide spectrum of legal services covering everything from corporate mergers and acquisitions, banking and finance matters, public-private-partnerships (PPP) as well as real estate and infrastructure projects, to general aspects of business law in Slovenia in relation to day-to-day operations from clients.
Slovenia Market Overview
Slovenia was the first former Yugoslav republic to join the EU in May 2004. With a strong corporate culture of transparency and accountability, as well as access to a 500 million consumer market, Slovenia boasts a favourable personal income tax of 16%, while the corporate income and VAT tax stand at 19% and 22%; foreign investors are subject to the same tax regime as residents.
Bosnia and Herzegovina
They are a team of young, eager and very devoted lawyers. The advice they provide is sound and clear. The representation they make is flawless as they leave nothing to chance. They are very customer friendly in the manner that they react to customer need as soon as they appear. (IFLR 1000, 2018)
Cooperating local lawyers in both entities of Bosnia & Herzegovina, the Federation of Bosnia & Herzegovina and the Republic of Srpska are currently offering full corporate and commercial legal services to clients, with a particular focus on banking and finance, merger and acquisitions, as well as large-scale energy and infrastructure transactions.
Bosnia and Herzegovina Market Overview
Bosnia & Herzegovina’s economy relies heavily on the export of metals, energy, textiles, and furniture as well as on remittances and foreign aid. Experts agree that economic strengthening and EU accession are key to the country’s development. In September 2016, the EU accepted Bosnia and Herzegovina’s membership application. Apart from EU and WTO candidacy, the country has several regional and bilateral Free Trade Agreements in place, as well as a well-developed banking system with a stable currency, directly linked to the euro and a low corporate income tax.
They are good at providing clear and practical advice. (Chamber & Partners, 2018)
Karanović & Partners is present on the Montenegrin market since 2006, when cooperation with local qualified lawyers is established, and are ideally placed to provide a wide range of corporate and commercial legal services to domestic and international clients. The Montenegrin based lawyers are specialised in providing investors, particularly those in the hospitality and tourism sectors, with legal support in the areas of real estate, banking and finance and infrastructure finance.
Montenegro Market Overview
Because of its business-focused economic system, Montenegro’s great geo-strategic position was recognised by many trade partners. Besides, its EU candidacy and NATO membership, the country has free trade agreements with CEFTA, EFTA, Russia, Turkey and Ukraine – access via land, sea, and sky to a market of more than 650M people. The country focused its economic development on becoming an elite tourist destination and has one of the fastest-growing tourism sectors in the world.
The lawyers have been timely and helpful. (Chamber & Partners, 2018)
Responding to a strong demand for legal services in this dynamic emerging market, the cooperation with local lawyers in North Macedonia was established in 2009, providing legal support to domestic and international clients in both existing operations in the country and assisting investors in entering this market.
North Macedonia Market Overview
With a population of 2 million, this small, land-locked country in Southeast Europe has made great strides in reforming its economy over the past two decades. Ranked 10 in 2017 on the Doing Business List, published annually by the World Bank Group, North Macedonia boasts a very favourable business climate. The country’s recent economic growth proved to be resilient, benefiting from foreign investments, improving the labour market conditions, and accommodative polices. North Macedonia introduced one of the most attractive tax packages in Europe and is a signatory of five Trade Agreements – EFTA, CEFTA, SAA (Stabilisation and Association Agreement) with EU member-states, Turkey and Ukraine.