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A foreign IT investor entering the Serbian market — the first 90 days
09 June 2026 · DJDJ Tim
A short case study on what needs to be set up in the first three months so that a tech subsidiary in Serbia operates as part of the group, not as an isolated company.
Client
A US SaaS scale-up, first engineering hub outside the US. Goal: 40 people in 24 months, starting from Belgrade.
First 90 days — what we put in place
Month 1
- Company incorporation, bank account opening, pension and health registration.
- Internal salary and benefits levels defined, aligned with the market and with the group''s internal grades.
Month 2
- First 5 hires — contracts, onboarding, payroll setup.
- Accounting system integrated with group reporting (monthly reconciliation).
Month 3
- Standard monthly report to the owner.
- Legal analysis of the IP model: who owns the code created in Belgrade.
- Communication rhythm with head office established.
Why it matters
The foreign owner did not lose focus on the product. Local operations — legal, tax, HR — worked in the background as part of a well-designed system.
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