Serbia is a European country with a developed industrial sector, which has excellent prospects for starting and successfully running a business. Moreover, opening a company in this jurisdiction makes it possible to obtain a residence permit in the future, which in Serbia is called boravak. The registration procedure is simple and not burdensome.
Organizational forms for companies
Individual entrepreneurship in Serbia assumes that the participants in the company bear full responsibility. It is possible to create a company in the Serbian jurisdiction in the following organizational and legal formats:
- AD – analogue of JSC – is a company, the minimum initial capital for which is set at 3 million dinars;
- DOO. A society whose member liability is limited. Entrepreneurs choose this form in most cases, since the minimum for capital is only 100 dinars. Capital contributions are allowed both in cash and in non-cash form.
- partnership and limited type societies. Such forms are practically not found among the structures of foreign investors.
Serbia is not offshore in the common sense, however, it offers favorable and convenient conditions for the development of entrepreneurial projects.
Company formation process
The registration of a Serbian company falls into the professional field of a special Agency. This institution enters the created structure into the Register of Business Entities. The founders of the company are required to provide copies of their passports (for individuals) and an extract confirming the registration of the business (for legal entities). In addition, it is necessary to issue a power of attorney for a person entitled to sign important documents and participate in registration procedures. All documentation must be translated into Serbian.
In addition, registration of an organization in Serbia requires the following:
- opening a bank account in a transit format, to which a part of the Criminal Code is entered, provided for by the requirements;
- submitting an application to the agency along with a set of relevant documents, namely, with confirmation of the identity of each of the founders of the company, the Statute of the company and the constituent agreement, a certificate from the banking institution stating that the funds were credited, etc.;
- making a registration fee.
The application must be filled in 2 copies. If this is a limited company, the application clearly indicates the amount of the contribution of each of the participants. All documents must be certified by a government judicial authority. Non-residents conducting business transactions within the country are required to pay tax.
If you need to register a company in Serbia, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Serbia. Write to us in the CRM form and we will help you register a company.
Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.
We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.
If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.