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Why Offshore?
Advances in communication technology, such as the Internet, make offshore software development much more feasible today than it was just ten years ago.
Every year billions of dollars worth of software projects are developed in countries such as Russia and India.
Offshore software developers often provide high quality services for less than half the cost of developing a project locally. Whether you need a simple web site or require a multimillion-dollar ERP system,
offshore software development can dramatically reduce your costs without sacrificing the quality of your project.
Competitive advantages of Serbia
Locations in Eastern Europe are playing a new twist on the craze for sending technology development offshore.
They're pushing what pundits call near-shoring, or shifting work to countries that cost less but are only a short hop away,
and Serbia may be the best example
- GMT+1 time zone. Just 1-3 hours flight time from almost all of the European capitals.
- More than 4 hours overlap with the working schedule from the East Coast (comparing with just one hour overlap that Asian companies can provide).
- Highest percentage of English language speakers in SE and Central Europe
- European business culture and attitude. English speach that western people like to speak with.
- Not yet an EU member. Greater flexibility and investment advantages. Lower infrastructure costs.
- Large number of creative and talented IT professionals with strong mathematical background.
- Skilled labor at a reasonable cost. Software developers still available to hire.
- Long engineering culture. Tesla, Pupin and Milankovic are some of the well known scientists with Serbian origins.
Other advantages of Serbia include:
- Strategic positioning for markets in Europe, Asia, and the Middle East
- Duty Free access to the South East Europe Free Trade Zone of 60 million consumers
- Only country outside the CIS with a free trade agreement with the Russian Federation
- Lowest corporate profits tax rate in Europe
- Stable economy:
- Sound monetary policy and fast implementation of key macro economic laws
- Simplified foreign trade and foreign investment regulations
- Facilitation of company operational and start up procedures, including residency regime for foreign nationals, business registration, and customs
For more information on Serbia visit SIEPA - Serbia Investment and Export Promotion Agency.
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