Eternity Law International News Doing business in Serbia

Doing business in Serbia

September 6, 2022

When choosing the country for launching a company, it is important to overview all possible variants and be aware of all features of doing business there. Let’s delve into the details of doing Serbian business.

Pros of starting a business in Serbia

  • Serbia has an excellent location in Europe. There are many trade routes between countries of the European Union and the whole world.
  • A great number of specialists. A lot of workers in Serbia have at least one education, amazing skills in languages and increasing potential.
  • Getting a residence permit via a company establishment.
  • The high number of duty-free trade agreements.
  • The tax system is agreeable.
  • On average the salaries in Serbia are far lower than in more economically developed countries. The employee gets about €830 there.

In general, the government of Serbia has made great attempts into increasing both economic and political steadiness. Financial accountability was increased through several actions, and the public sector underwent reform. Additionally, there has been a considerable reduction in the national debt.

Booming sectors of business in Serbia for foreigners

  • IT
  • Architecture and Building
  • Agriculture
  • Transportation
  • Energy
  • Medicine

How to start to do business in Serbia?

Becoming an owner of a company in Serbia is not an effortful process. Before setting up a business you ought to decide which type of company and what structure it will have.

It can be an LLC. It is allowed to have one or several founders who can unite resources and finances. Also, the company could be “a joint-stock company” or the easier choice is to start your own business as an individual, which exempts you from bookkeeping duties and requires you to pay a fixed sum of tax.

The minimum money requirement, which is defined by general laws, for an LLC is literally €1 and for public companies, this is approximately €25,000.

Process of the establishment

It consists of several phases such as:

  • Preregistration
  • Registration
  • Post-registration
  • Different kinds of approvals


  • No bribery
  • Only official expenses


  • Each phase starts on a different day.
  • A phase fully completed online is noted as taking a half day.
  • After gaining the final document, the phase is deemed finished.
  • No previous interactions with authorities.

And there is the peculiarity. For conducting commercial activity in Serbia, every businessman has to own an account in one of the Serbian banks.

Pros of setting up a bank account in Serbia

  • Quickness

One of the most superficial account opening processes with few requirements for supporting documentation.

The period for committing to create an account is between one week and one month.

  • Low cost of servicing
  • Outstanding opportunities for international activity

Serbia intends to get EU membership. Serbia’s reforms, economic expansion and improved business climate have facilitated advancement in the financial system. The presence of a stable sector for the supply of different financial services with high-quality standards is also determined by the entry of significant investments into the nation from the most prosperous nations in the world.

  • Guarantee that, in the case of potential bank issues, the depositor would receive their money back.

Requirements for the owner

  • a person reached the age of majority
  • a person has good health.
  • a person has not committed any crimes.
  • a person is married, the union is monogamous, and it is legal

To summarise, Serbia is a great Balkan country for starting commerce activity. Authorities of the country contribute to the achievements of the economy and successfully tend to political stability.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.

You could be interested

ICO in the UAE

An Initial Coin Offering (ICO), also called an Initial Token Offering (ITO), is a common crowdsale mechanism (collectively collaborating to pool financial resources to invest in a project) by selling crypto coins or tokens in exchange for virtual money (usually bitcoin or ether) or fiat currency. Early investors usually buy coins or tokens in the...

Cryptocurrency Exchange License in Labuan

Crypto exchange/digital assets exchange platform allows you to transfer electronic money and cryptocurrencies. This gives a convenient opportunity to exchange different currencies; for example, you can exchange cryptocurrencies for cryptocurrencies, cryptocurrencies for fiat and fiat for cryptocurrencies. Market participants can pay for cryptocurrencies by credit card, e-wallets and other methods of payment. It is possible...

ICO services

Our company has considerable experience in the professional legal support of projects based on blockchain technologies and ICO. During the existence of the company, our specialists have provided legal services to more than 40 companies, whose activities are related to ICO projects, mining and currency exchange. In addition, we have helped to create stable, from...

How to get a Gibraltar gaming license in 2023

When the 2005 law was published and started to rule the sector, every aspect of the companies was reviewed and repaired. Thus, if you are attracted to running a business in this sector we recommend obtaining the gambling license in Gibraltar. Keep reading to discover more about it. Gaming license in Gibraltar in 2023 The...

Doing business in Austria

Austria is a wealthy nation, numerous businessmen desire to trade there. Despite having a tiny population and few environmental assets, Austria boasts one of the greatest GDPs worldwide and one of the best standards of life in all of Europe. Austria is ideally situated to benefit from the growth and expansion of the EU. Austria...

Offshore company Aruba

Registration fee 1 225.00 USD The cost of renewal of the company 850.00 USD Number of directors 1 Corporate tax 28.00% Paid share capital 25 000.00 Mandatory reporting no Aruba is a territory that belongs to the group of the Lesser Antilles under the jurisdiction of the Netherlands. It is a small tropical island, with...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


Lochrin Square, 1


Jacovides Tower, 5 floor


Kesklinna linnaosa, Tuukri 19


Esplanade, 7 floor


Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175


20 Martin Place


3 Fraser Street, #08 DUO Tower

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7