The popular passport program, that is, getting citizenship through investments, can bring the country which adopts it a profit of half a billion to several billion euros, as experts in this field estimate. The implementation of the passport and residence program depends on the state exclusively, and the program itself has an impact on its economic power, bringing constant income throughout the year from new citizens. This kind of a program is used by rich individuals moving to destinations they find suitable for doing business.
Many states have implemented so-called family offices for this reason. These offices provide all services for clients looking to reside in the country in question. This entails services related to immigration, acquiring visas and other documents, the status in the new country, founding a company, book keeping, tax consulting, real estate, finding a school for their children...
Serbia doesn't have a program of acquiring citizenship through investments, and the legislation which would regulate this is not harmonized. Nevertheless, the first family office in Belgrade might open by the end of 2017, as announced for eKapija by Milan Dobrosavljevic, one of the founders of Alpha Partners
, a company headquartered in Andorra, which has the Belgrade Legal Consultants office, which provides the said services.
As our interviewee points out, they are planning to open the first official family office in Serbia in cooperation with their partners from Russia
. Until then, they will continue providing services to interested persons based on their practice so far.
– Alpha Partners provides clients in Serbia with a full service otherwise provided by a family office in the systems in which such organizations exist. The process takes at least six months – Dobrosavljevic says.
As he explains, Serbian laws are not adequate when it comes to getting a passport through investments, as they were adopted in a period in which Serbia was neither open to foreigners nor interesting to them.