Land and Construction
Serbian Legal Framework recognizes two land categories most commonly used for investment purposes. These categories are the following: Construction land and Agricultural land. Construction land is the land on which structures have been built, as well as the land that serves for regular use of these structures, or the land designated for construction and regular use of structures envisaged by the Urban plan. Construction land can be categorized as Public Construction Land or as other Construction Land.
Construction land is defined as public construction land after its acquisition by the state, in accordance with the Law, and can not be expropriated from state ownership. Overall, public construction land is categorized as developed or undeveloped and constructed or non-constructed. The municipality prepares public construction land and controls its use according to the Urban plan.
There are 3 ways of acquiring Construction Land for construction, in specific: by leasing land, by acquiring a "right to use" the land and through conversion of agricultural land into construction land.
In line with the tendency to simplify the construction procedure, Urban Permits and Building Permits have been abolished and replaced with a Construction Approval. The act reduced the number of phases required by the Construction procedure to seven steps and considerably lessened amount of time needed to carry out the whole procedure.
