News

Mandatory Licensing for all Construction and Designing Companies in Serbia

Milan Dakic, Real estate and Construction Partner of BDK Advokati, introduces the latest amendments of the Planning and Construction Act in relation to the licenses required for various types of design or construction works: The latest amendments of the Planning and Construction Act,[1] effective as of 6 November 2018, introduce the requirement for all construction and designing companies (including solo entrepreneurships) to obtain licenses for various types of design/construction works until 6 November 2019. The licensing requirement that now applies across the board previously applied to…

Serbian Planning and Construction Act Further Revised to Promote Investments into Real Estate Development

The validity of local conditions, one of the initial and most important documents in the permitting process showing what investor can build on certain piece of land, is to be extended from one to two years. The deadline to commence work under construction permit is also to be extended from two to three years from the issuance of the permit, to allow more time for investors to raise funds. Although the proposed amendments are welcome, there is room for further improvement. Milan Dakic, partner at BDK Advokati, discussed the remaining pitfalls of the Planning and Construction Act in the June edition…