Before forming a company, investors should be informed of the kinds of enterprises they are permitted to create in this country. As in any other European nation, investors looking to launch a business are free to select any acceptable industry. Associations that are common (o.d.) or limited liability firms as well as proprietary (d.o.o.) or public (a.d.) limited liability corporations are included.
Documents needed for Serbian company registration
To register a corporation in Serbia, we will typically require the following paperwork:
- All Directors, Shareholders, and Beneficial Owners must provide certified copies of their passports.
- A newly certified and apostilled copy of the entire corporate document package is necessary.
- Samples of legal signatures for all signers who aren’t going to Serbia.
- A description of the business operations of the potential corporation.
- You will also have to supply the charter capital from 1 euro.
All the application documents will have to be translated into Serbian. The cost of translation varies depending on the length of the documents but typically runs about EUR 20 per page.
It is essential to complete them in accordance with the instructions provided, so please be attentive when filling out the forms! If you are, you will save time and money. You also need to make an agreement with an accountant.
The price of establishing and maintaining a business in Serbia
The cost to register a business here starts at EUR 2200. This fee covers the drafting of the necessary paperwork, payment of state fees, acquiring the business’s TIN (Tax Identification Number), and assistance with trips to the Registry and other state agencies. If you’d like, you can also start a business in Serbia using a corporate bank account. The starting price for this extra service is EUR 2,500. A precise estimate can be given upon request since it relies on a number of variables, including the industry, the type of bank services needed, and the presence of a local resident director, to mention a few. If you plan to travel to Serbia yourself, you will also need to include the cost of travel and translation services. The initial annual maintenance expenditures for the company will be roughly 2,400 euros or 200 euros per month. These include accounting services and the rental of the registered office location. Your business will be responsible for paying them directly, therefore you must ensure that it has sufficient funds in its bank account.
Why establish a business in Serbia
These are some crucial elements:
Serbia has exceptionally cheap maintenance costs for businesses
Operating expenses, which include an accountant and a registered professional office, start at about 200 euros per month. A foreign national may create a corporation in Serbia and may do so without traveling by using a power of attorney. Getting services from the neighborhood banks gets considerably more straightforward if the business owner becomes a legal resident of Serbia (which is very easy to achieve).
You can obtain a permanent residency permit in Serbia by establishing a business there.
Numerous reputable international banks are present in Serbia
It will open multiple-currency accounts for your Serbian firm within a few years, Serbia intends to accredit the European Union.
Requirements for Serbian companies’ financial records
Every Serbian company is required to maintain financial records, as is the case in most other nations. Typically, a set monthly charge for accounting services is agreed upon, along with the annual return. Although the actual cost will vary on the number of transactions, you should plan on spending about 100 euros every month. Of course, there will be additional fees or you might wish to employ one of the large international accounting and audit companies if you need additional accounting knowledge for particular operations.
