Serbia: Employees of subsidiary, who purchase foreign parent company’s shares

Serbia: Foreign parent company’s shares

The position of the National Bank of Serbia concerning individuals who purchase shares of a foreign entity through their employer in Serbia (when the foreign entity is the “founder” of the Serbian employer) has been clarified.

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According to the bank’s position, there are no impediments for Serbian resident individuals employed by a domestic company (subsidiary), whose founder is a foreign company (the parent company), from purchasing shares of the parent company through the subsidiary (when the subsidiary executes payment on behalf of the employees to the parent company for the purchased shares).

 

Read a January 2017 report [PDF 436 KB] prepared by the KPMG member firm in Serbia: Purchase of shares of foreign related party of employer of employees purchasing shares

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