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| Temporary Residence Visa | Sole Proprietorship Visa |
|---|---|
| Used for tourism, business, or other short-term purposes | Used to establish and operate a business in Serbia |
| Allows you to stay up to 90 days within a six-month period | Allows you a stay for up to 180 days and can be extended for a year or longer |
| Does not permit employment or work in Serbia | Permits the holder to work and employ others |
| Doesn’t allow you to establish a legal entity in the country | Allows you to establish a legal entity in the country |
| Does not make you subject to taxation if not engaged in income-generating activities | Makes you subject to taxation |
| Allows you to apply for permanent residency after 5 years of continuous temporary residence | Allows you to apply for permanent residency after 3 years of continuous legal residence |
| Usually takes a few weeks to be processed | Processing can take several months |
| Lower visa fees ($127.50) | Higher visa fees ($190.15) |
| Requires a three-month upfront bank deposit | Requires a one-month upfront bank deposit |
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