The recent simplification of the registration process and a few enhancements to the capital environment for improved market activities have given the economic outlook in Serbia a substantial boost. Numerous corporate entity types are recognized by the Serbian Companies Law, such as Joint Stock Companies. Keep reading if you wish to learn more about this company’s structure and registration process.
Joint Stock Company
A firm or legal entity that has stock as its primary form of capital is known as a joint-stock company. For the price of the share investment to be represented by the total of all the equities, the share funds are created and split into shares of nominal value.
By bringing together one or more creators, the joint-stock corporation, is formed. It can be established by a natural or legal entity, and it is established to carry out corporate activities. The founders of the joint-stock business must deposit or bring their shares totaling 25% of the shareholding before the joint-stock firm can be incorporated. The firm’s minimum share capital cannot be less than 3 000 000 RSD.
Types of JSC
In Serbia, joint stock corporations (A.D.) can be either opened or closed. Along with other elements like the owners’ names, nationalities, minimum equities, and details about the securities, the type must also be mentioned in the constitution of the company.
The opened venture can have more than 100 investors and can be established with a minimum deposit of EUR 25,000. On the other hand, a closed joint stock venture is established on a share capital of EUR 10,000 and a limit of 100 stockholders. If the Memorandum of Incorporation discusses the possibility of this, the shares may be transferrable.
Registering JSC
The conditions of corporate law and other applicable laws must be met to establish an organization in Serbia. One of the requirements and duties of an enterprise in Serbia is to provide a healthy working environment as well as the essential tools for the employees in the organization. According to the same Companies Law, most businesses in Serbia can be started as soon as all necessary licenses and approvals have been received from the appropriate institutions. The fundamental requirements and procedures for setting up a business are listed below.
- Name
Registering in the corporate directory and completing the request on the BRA’s statutory form are the first steps in incorporation. Before doing that, you must select a name that includes the fundamental required components. The name should include the title of the business, its legal structure, and its registered office site. You and another company cannot share the same name. To see if the corporation is valid, browse the BRA webpage.
- Business activity
The next stage is to decide on a corporate venture and establish it with the appropriate authorities. You are not prevented from performing tasks other than the primary one if you choose the core activity. However, when forming a corporation, it is crucial to consider the dominating activity. You will need to alter it in AOA if some other activity later becomes the primary one.
- Location
In Serbia, establishing the company address is required. You can establish a virtual office in addition to the physical location of the business, which can be located anywhere in Serbia. Smaller and newer businesses who don’t want to pay a lease on a prestigious and costly location will find setting up a virtual workplace to be very advantageous.
- MoA
The MoA must include all pertinent details about the firm. Notarizing Moa is easy for expatriates who want to start a business in Serbia because the creator is not obliged to be present. Any step of the process, including signing the document, can be completed by the person who has been given the authority to act.
- Papers
The owner’s signature must be certified before an entity may be formally formed in Serbia. After that, you can file the registration request to the BRA. Direct submissions may be made at the BRA’s headquarters in Belgrade, in BRA organizational units, or via mail.
Your corporate registration, tax identifying number, and medical coverage number will be sent to you once BRA accepts your application.
