Company registration is a very important step if you are starting a business, and it can also be a great opportunity to expand your business by opening a company in another country.
Business in Serbia. Serbia represents an excellent opportunity for company registration. The foreign policy of the Republic of Serbia is characterized by an open attitude towards foreign citizens when it comes to the business of foreign citizens on the territory of the Republic of Serbia. All foreigners are welcome in Serbia, both for tourism and especially for business, bearing in mind the excellent opportunities that Serbia offers for business.
Serbia is geographically excellently positioned, bearing in mind that it is located between east and west and represents the heart of the Balkans. The Republic of Serbia borders even seven countries of the Balkans, namely Hungary, Romania, Bulgaria, North Macedonia, Albania and Montenegro, Croatia and Bosnia and Herzegovina. According to google maps, here is Serbia: https://goo.gl/maps/QcgrZS27LUd2AS7D6.
The capital of Serbia is Belgrade. Serbia has 9,024,734 inhabitants. Serbia’s economy is the most developed in the Balkans with a GDP of 164.8 billion dollars.
Foreign companies in Serbia. Numerous successful foreign companies operate in the Republic of Serbia and Coca-Cola HBC – Serbia a.d. Philip Morris Operations a.d. MICROSOFT SOFTWARE DOO BELGRADE CISCO SERBIA DOO BELGRADE HUAWEI TECHNOLOGIES DOO BELGRADE IBM-INTERNATIONAL BUSINESS MACHINES ORACLE SERBIA & MONTENEGRO D.O.O. Pfizer SRB d.o.o. NOKIA SOLUTIONS AND NETWORKS SERBIA DOO BELGRADE BRITISH AMERICAN TOBACCO SOUTH-EAST EUROPE DOO BELGRADE ERICSSON DOO BELGRADE and numerous other foreign companies operating in Serbia.
In the last few years, the number of registrations of business entities in the Republic of Serbia has greatly increased, due to the financial stability and progress of the Serbian economy. Bearing in mind the fact mentioned above, the construction of business facilities in Serbia increased, especially in Belgrade.
Due to all the aforementioned facts, foreign citizens and foreign companies register their companies in Serbia.
The Republic of Serbia is a member of the United Nations, the Council of Europe, the Organization for European Security and Cooperation, the Partnership for Peace, the Organization for Black Sea Economic Cooperation, the Central European Free Trade Agreement, the Asian Infrastructure Investment Bank.
Best Banks in Serbia. Foreigners who have registered companies can open accounts in registered banks in Serbia. Banks operating in Serbia are: ADDIKO BANK AD BEOGRAD
,AGROINDUSTRIJSKO KOMERCIJALNA BANKA AIK BANKA AKCIONARSKO DRUŠTVO, BEOGRAD,ALTA BANKA AD BEOGRAD,API BANK AKCIONARSKO DRUŠTVO BEOGRAD,BANCA INTESA AKCIONARSKO DRUŠTVO BEOGRAD (NOVI BEOGRAD),BANKA POŠTANSKA ŠTEDIONICA AKCIONARSKO DRUŠTVO, BEOGRAD (PALILULA),BANK OF CHINA SRBIJA AKCIONARSKO DRUŠTVO BEOGRAD – NOVI BEOGRAD,EXPOBANK AKCIONARSKO DRUŠTVO BEOGRAD,ERSTE BANK AKCIONARSKO DRUŠTVO, NOVI SAD,EUROBANK DIREKTNA AKCIONARSKO DRUŠTVO BEOGRAD,HALKBANK AKCIONARSKO DRUŠTVO BEOGRAD,RAIFFEISEN BANKA AD BEOGRAD,UNICREDIT BANK SRBIJA A.D. BEOGRAD (STARI GRAD)
Process company registration in Serbia. The process of opening a business bank account Serbia. The competent institution for the registration of companies in Serbia is The competent institution for the registration of detained subjects in Serbia is The Serbian Business Registers Agency ( APR ). You can register a company in Serbia within 3-5 working days. You can open a company business account within 10-30 working days.
Legal Forms of Companies in Serbia. Legal forms of business companies according to the law of the Republic of Serbia are: Company with limited liability (“DOO or “LLC), Entrepreneur, Joint Stock Company. The most common legal forms of the company are DOO (LLC) and Entrepreneur which they mostly recommend.
Register LLC Limited Liability company in Serbia. LLC Registration Process in Serbia. A limited liability company (LLC) is a company in which one or more members of the company have shares in the share capital of the company.
LLC has its Founding Act, which is an important difference compared to the Entrepreneur, which does not have a Founding Act. The founding document is the basic document of the LLC and it must be notarized by its founders.
The Founding Act must contain:
- data on members of the company, as well as information on the residence of the member of the company, the names of the founders, who can be individuals or legal entities, the business name of the LLC,
- business name and headquarters of the company
- the predominant activity of the company
- the amount of the founding capital of the LLC, who are all the shareholders of the LLC,
- the share of each member of the company in the total share capital expressed as a percentage,
- the determination of the company’s bodies and their responsibilities and these are the Assembly of the company and the Director. Please note that an LLC can have only one member, who can also act as a director.
Register LLC in Serbia Remotely. The Founding Act must be certified by a notary public. A special convenience that we provide to clients is that without coming to Serbia, and on the basis of a special power of attorney for lawyers, who certify in their country, we in Serbia sign and certify the Founding Act and register the company based on it, which leads to a reduction in travel costs for the Client.
Difference between LLC and Entrepreneur. Regarding the liability of the LLC, there is a very important difference compared to the Entrepreneur. Namely, the LLC is responsible for all obligations with its assets only, while the Entrepreneur is responsible for all expenses with the entire assets of the founder.
Registration of Entrepreneur in Serbia. An entrepreneur is a business-capable person who performs business activities with the aim of generating income and is registered as such in Serbian Business Registers Agency. The entrepreneur is responsible for all obligations arising in connection with the performance of his activity with his entire property, which is a crucial difference compared to the LLC, which is responsible for its obligations only with the assets of the company. The big difference between an entrepreneur and an LLC is that an entrepreneur does not have a Founding Act.
Process registration LLC in Serbia. VAT of LLC in Serbia. Certify Founding Act LLC. The LLC registration process in Serbia involves obtaining certain documentation for registration. First of all, it is necessary for the founders of the LLC to draw up the Founding Act and have it certified by a notary in the presence of an authorized court translator. We provide services to clients of the Founding Act composition, as well as notarization organizations, as well as organizations and authorized court translators for the Client’s language. If the client is not able to come to Serbia to certify the Founding Act, in that case on the basis of a special power of attorney that the Client will certify at a notary (in some countries and confirm with an apostille) and which will be sent to us in Serbia to sign and certify the Founding Act at a notary in Serbia. The duration of the LLC registration process depends on how quickly the Founding Act is verified, after which we can register the company within 3-5 business days. After the LLC is registered, we receive the LLC Registration Decision and also the VAT Number Certificate, i.e. Tax Identification Number. We can translate the mentioned documents into the language required by the client and we can also send them by mail to the desired address of the Client.
Cost of Registration LLC in Serbia. The price of registration depends on several factors, and whether you want to register a company in Serbia without your presence in Serbia (register company in Serbia online, register company in Serbia remotely) or whether you want to come to Serbia to certify the Founding act in Serbia. In addition, the price is affected by whether you already have an headquarters of your company or Client want our virtual address service. In addition to the above, the price is also affected by whether the client wants us to open the company’s business bank account on the basis of a special power of attorney, if so, this can also increase the price of the entire package of services.
