Company formation in Serbia

Want to expand your business internationally? Consider the option of registering a company in Serbia, a country that beckons foreign investors. Serbia is committed to aligning its legislation with the EU regulatory framework, making it an attractive destination for business development.

Advantages of registering a company in Serbia

Registering a company in Serbia offers numerous advantages, making it an attractive destination for businesses.

Serbia's strategic position in Europe provides easy access to various international markets and opens doors to international trade and business expansion.
When considering opening a company here, it's essential to be aware of the taxation system. Serbia offers competitive tax rates in comparison to other European countries. If you generate income within the country, the following tax rates apply: corporate tax rate: 15%, VAT, dividends, royalties: 20%.
The procedure for incorporating a company in Serbia is relatively fast and straightforward.

Where to start?

Before initiating the process of setting up a company in Serbia, it's essential to understand the various business structures available. Similar to other European nations, entrepreneurs interested in establishing a company in Serbia have several options to choose from.

Company structure	Abbreviation	Description
LLC	d.o.o.	- Limited liability for all members
Closed JSC	a.d.	- Minimum share capital of at least 10,000 EUR
Open JSC	a.d.	- Minimum share capital of 25,000 EUR
GP	o.d.	- Based on a partnership agreement
LP	k.d.	- Two categories of partners: general and limited

What steps and documents are needed to open a company?

Opening a company in Serbia involves various administrative steps and requires specific documents. The types of documents needed can vary based on the type of company you want to establish and your role in the company (e.g., founder, director, shareholder). Here's a general list of documents commonly required to open a company in Serbia:

Document or step	Description
1. Business plan	Business plan outlining objectives, activities, and financial projections
2. Company name reservation	Propose a unique company name for availability check
3. Founding documents	For an LLC: Articles of Association For a JSC: Memorandum of Association
4. Proof of deposit	Evidence of capital deposit into a bank account, the amount depends on the company type and activities.
5. Shareholder and director info	Valid passport or identity card Proof of address (e.g., utility bill or lease agreement) Tax identification number (TIN)
6. Power of attorney	If using an attorney or representative, provide a power of attorney
7. Application form	Complete and submit the official application form provided by APR
8. Consent and statements	Some documents may require written consent or statements from involved parties.
9. Bank certificate	Certificate from the bank where the initial capital is deposited
10. Tax documents	Documents related to taxes and social security contributions may be required
11. Notarized documents	Some documents may need notarization to verify authenticity
12. Criminal record check	Required for individuals in specific roles within the company
13. Address of registered office	Provide the address of the company's registered office in Serbia

Support for registering a company in Serbia and the most frequently asked questions

To register a foreign company in Serbia, you can consult a local lawyer or business consultant. However, the most effective way to go through the entire registration process without obstacles and quickly is to order support for company registration in Serbia by a professional consulting agency. YB CASE professionals have the knowledge and experience to guide you through this process and ensure that you comply with all legal requirements and regulations.

We offer an initial consultation, which can be done remotely, to discuss your business goals, the type of company you want to create and your specific requirements.
You can also request information on the cost of the full range of incorporation services in Serbia, including any registration fees, documentation assistance and ongoing compliance requirements.
We will confidently guide you through the entire process, ensure that all necessary documents are prepared and submitted correctly, and will also communicate with the regulator on your behalf.

QUESTIONS AND ANSWERS

What types of businesses are prohibited for foreigners in Serbia?

The country has some restrictions and special requirements for foreigners wishing to engage in certain business activities. Foreign ownership or control of media companies, particularly broadcasters, is subject to restrictions in Serbia.
Foreign banks and financial institutions operating in Serbia are subject to regulatory supervision and licensing requirements.
Foreign ownership and acquisition of agricultural land in Serbia may be subject to restrictions. Regulations may limit the amount of agricultural land that a foreigner may purchase.
The pharmaceutical sector is subject to special regulations and some activities may require approval from the Ministry of Health.
Gambling and betting activities, including casino operations and sports betting, require a license.

Is there free access to the EU market?

No, the country is not a member of the European Union. Access to the EU market for companies is subject to specific rules and agreements between Serbia and the EU.

At the same time, Serbian companies have certain trade advantages when trading with the EU.

Can I start business quickly?

In total, the process of starting a business in Serbia, from reserving a company name to final registration, can take anywhere from a few weeks to a few months. Actual time frames may vary depending on your specific circumstances and how efficiently you complete the administrative procedures. It is recommended that you seek advice from local experts or business consultants who can help you expedite the process and ensure compliance with all legal and regulatory requirements