Company Registration in Serbia: Step by step 

Company registration in Serbia offers a gateway for entrepreneurs thanks to the country’s robust economic environment and strategic location. This introduction explores the initial steps and essential documentation required for setting up your business, ensuring you are well-prepared to navigate the Serbian business landscape.  

Serbia is recognized globally for its attractive investment climate, bolstered by favorable public policies and a strategic position that connects Europe and Asia. Understanding the registration process is crucial for leveraging these advantages effectively. 

This page provides detailed insights into the process of company registration in Serbia and guidelines on initiating a business in the country. 

Types of business entities in Serbia 

Serbia offers a diverse array of options for starting a company, but three types stand out as particularly characteristic due to their suitability for various business needs and scales. Whether you are a solo entrepreneur looking to keep things simple or a more established investor seeking to protect personal assets while expanding operations, understanding these key business structures can guide your decision-making process effectively: 

  • Flat-rate Sole Proprietor (paušalac): A simple tax model based on fixed amounts relevant to the business type and location, favored by small entrepreneurs for its straightforward paperwork and clear tax obligations. 
  • Sole Proprietor with Regular Accounting (preduzetnik): Requires detailed bookkeeping and income tax on profits, suitable for entrepreneurs with larger operations or complex finances, offering a comprehensive financial insight but demanding more time and resources. 
  • Limited Liability Company (DOO): Offers owners limited liability to their invested capital, ideal for larger ventures seeking asset protection, with regulatory demands including annual financial statements and potential audits based on company size. 

We have thoroughly explored the topic of the most significant business entities you can establish in Serbia on our blog. You can read the full text here. 

Company Registration in Serbia: Essential Documents 

To launch a business in Serbia, the following key documents are necessary: 

  • Registration Application: This includes a combined form for LLC formation and tax registration, which must be signed by the authorized person. 
  • Proof of Identity: Business members must provide a photocopy of their ID card. For corporate owners, an excerpt from the foreign corporation’s registration and a passport photocopy are required. 
  • Memorandum of Association: This document must be presented with the signatures of all owners or members duly authorized. 
  • Proof of Paid Fees: Documentation confirming the payment of all necessary fees for licensing, issuing, registration, and setup of the LLC. 

Company Registration Process in Serbia: Step by Step 

Step 1: Determine the Business  

Pick type entity by choosing the legal form of your business. Options include various business structures previously mentioned, such as being an entrepreneur. 

Step 2: Name Your Business  

You must select a business name that includes the name, legal structure, and the registered office location. Register the chosen name at the Business Registers Agency (BRA), ensuring it is available before reservation. 

Step 3: Choose an Activity code 

Code Select an appropriate activity code for the business, which specifies the primary business activity and is crucial for the setup process in Serbia. 

Step 4: Register with a Virtual Office  

You can register your business at a Virtual Office Serbia, serving as the official address instead of leasing physical office space. This approach is beneficial for new and smaller businesses. 

Step 5: Draft the Memorandum of Association  

The company’s foundational document, the Memorandum of Association, should be written by one or more founders and notarized. It should include detailed information about the company’s members, shareholders, business location, activity code, capital shares, and the designated directors. 

Step 6: Open a Bank Account  

Research and understand various banking fees and services, including e-banking options. Opening a bank account typically requires minimal documentation such as an application form, a document with certified signatures, and proof of company registration. 

Step 7: File a Tax Application  

After registering with the company, submit a tax application to the Tax Administration Office to establish your tax obligations. This task is generally managed by a licensed accountant. 

Step 8: Decide on VAT Registration  

Evaluate whether registering for VAT is advantageous right after establishing your business, considering the scope of your business activities and related tax expenses. 

These steps provide a comprehensive guide to registering and starting a business in Serbia, addressing key legal, administrative, and financial considerations. 

In summary, setting up a business in Serbia involves understanding the local regulations and choosing the right type of business entity that aligns with your business goals and operations scale. Company registration in Serbia is streamlined through clear steps, from choosing your business type to handling tax obligations efficiently. This guide has provided a detailed walkthrough of the essential steps to help you embark on your entrepreneurial journey in Serbia confidently. Whether you’re a small-scale entrepreneur or looking to expand a larger enterprise, Serbia offers a conducive environment for growth and success.

Additionally, we are here to help you navigate the complexities of Serbian bureaucracy.

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