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How to Trade
Trading at the Belgrade Stock Exchange is carried out with shares and bonds of Serbian companies, as well as with shares of the Republic of Serbia (euro denominated bonds for meeting obligations arising from foreign currency savings). In order to trade on the Belgrade Stock Exchange the issuer of securities should apply for admission to trading at the Exchange and submit prescribed documentation.
The Belgrade Stock Exchange market has two segments: regulated (Prime and Standard Market) and unregulated. There are no special criteria for inclusion of shares into the unregulated market, while for inclusion of shares into the Prime and Standard Market the criteria are defined by the Exchange Listing and Quotation Rules. More details on the organization of the market and requirements for inclusion, as well as on the trading methods and phases can be found on pages: Market Organization.
If you want to trade at the Belgrade Stock Exchange, you should contact one of the broker-dealer companies, members of the Exchange, whose list can be found on page: Exchange Members. There are no limitations for trading of foreign investors at the Belgrade Stock Exchange. Upon signing the Contract on representation with a broker, you open a special account for securities trading. This is the account into which you pay the funds for securities trading, i.e. the account into which the money will be transferred upon selling of securities. At the same time, the broker will open for you a securities account, where your buying and/or selling transactions will be registered, i.e. your ownership over particular shares and bonds. The shares at the Belgrade Stock Exchange are denominated in dinars (RSD), while the bonds are traded in euros.
For more information on previous trading sessions for particular securities and insight into the current situation on the market, go to page: Trade Monitoring.
Fiscal treatment of capital gains in 2010
Pursuant to Law on Modifications and Amendments to the Income Tax Law which came into force at the end of March 2010, taxation of capital gains income realized from transfer with the compensation of securities has been decreased from 20% to 10%.
Also, according to the modifications of the Law on Property Tax Law on Property Tax which came into force at the end of January 2009, taxation of transfer of absolute rights for transfer of securities has been abolished since 31.01.2009.
Transfer of securities is tax free, according to the Law on VAT.
Read the FAQs regarding the trading at the Belgarde Stock Exchange!
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