• info@invest-in-serbia.com

Start Business in Serbia

  • Phone Number

    +381-61-61-40-203

  • Email

    info@invest-in-serbia.com

A specialized agency and a short procedure make starting your business simple.

The business registration procedure in Serbia takes approximately one working week. This process of registering the business can be completed in just few days, with a few additional days for other procedures depending of the type of the business. We make company fully operational and ready after two weeks, sometimes even faster, again depending on requests and needs from the investor.

General Process of Starting the Business

Founding / Starting the Business Days
Authentication by the Court 1
Opening Bank Account 1
Registration of the Company 3

Choose from different Company types and enjoy the advantages of a Joint Stock Company, Limited Liability Company, General Partnership or Limited Partnership. The minimum capital required is as low as RSD 100 for a Limited Liability Company and RSD 3,000,000 or more for a Joint Stock Company.

Types of business entities

Limited liability company is a company whose capital is divided into shares, that are not listed and traded on an organized market. Shareholders have pre-emptive right of purchase of shares, if founding act does not provide otherwise. Contributions of the shareholders may be pecuniary or in kind, and they are denominated in RSD. Minimum capital is RSD 100 or EUR 1.

Management of the company may be organized as one-tier when the corporate bodies are: Shareholders Assembly, and one or more directors. Further, the management may be organized as two-tier when the corporate bodies are: Shareholders Assembly, Supervisory Board and one or more directors.

Joint stock company is a company whose capital is divided into stocks. The initial capital of a joint-stock company may not be less than RSD 3 million (approximately EUR 24,500). Its stock capital is divided into stocks at specified par value. Issued stocks may be either common or preferred. Total nominal value of issued preferential stocks may not exceed 50% of founding capital. There is a pre-emptive right of existing stockholders with respect to purchase of newly issued stocks. Management of the company may be organized as one-tier when the corporate bodies are: General Meeting, and one or more directors, or the Board of Directors. Further, the management may be organized as two-tier when the corporate bodies are: General Meeting, Supervisory Board, one or more executive directors, i.e. Executive Board.

Representative office of a foreign legal entity represents a separated organizational part of a foreign company. It may be engaged only in preliminary and preparatory activities for its founder. It is not considered as a legal entity. A foreign company is held responsible for liabilities of the representative office towards third parties. A representative office is not a taxpayer in respect of VAT and corporate income tax.

Branch is a separated organizational part of a company through which it performs its business activity. When registering a branch, domestic or foreign head office assumes all obligations that may arise from a branch’s business activities. A branch of a foreign legal entity is a taxpayer in respect of VAT and corporate income tax.

Mergers and Acquisitions of Business Entities

Foreign legal entities and individuals can acquire and sell ownership in a limited liability or joint-stock company. The procedure of executing the purchase of ownership is pretty straightforward and should not be time consuming. The impact of anti-trust legislation should be assessed for each acquisition. Namely, based on the criteria prescribed in the Law on Protection of Competition, it should be determined whether the particular transaction requires market concentration clearance from the Commission for Protection of Competition.

Foreign legal entities and individuals can acquire and sell ownership in a limited liability or joint-stock company. The procedure of executing the purchase of ownership is pretty straightforward and should not be time consuming. The impact of anti-trust legislation should be assessed for each acquisition. Namely, based on the criteria prescribed in the Law on Protection of Competition, it should be determined whether the particular transaction requires market concentration clearance from the Commission for Protection of Competition.

Companies are divided into four groups (micro, small, medium and large) by their number of employees, revenues and assets as stated in the annual reports of the previous fiscal year. 2/3 designated criteria should be fulfilled.

Sources: RAS, Government of Republic of Serbia.