Process of registering a Serbian company
1. Choose a legal form for your Serbian company
According to the company law of the Republic of Serbia, there are various types of business structures to choose from, they are:
Entrepreneur
Limited Liability Company
Partnership
Limited Partnership
Joint Stock Company
Branch
Representative Office
Limited Liability Company in Serbia is the most common form chosen by clients, as it is the most reasonable form for most different business activities.
However, sometimes registering as an entrepreneur is more cost-effective, especially from a tax point of view.
2. Choose a name for your future Serbian company
Every business in Serbia must have a name, and the company name must contain the basic elements. The company name must include its legal form and the place of registration of the company's main office. In addition, the business name must contain other elements stipulated by the law.
3. Choose the company's activity code
All business entities in Serbia are urged to choose their activity code. This indicates a commitment when applying for the establishment of a company. You must choose and write down the company's core activities or the most important activities of the company.
4.Virtual office represents a modern and valuable business concept, which can save a lot of money when it comes to additional costs for rent and business premises. In addition, some businesses are not connected to a certain location, so they can register a virtual office.
However, the first thing to decide is where the company's business premises will be.
5. Prepare Articles of Incorporation
Setting up a company in Serbia (limited liability company, which is the most common form of legal entity) starts with the distribution of Articles of Incorporation. Articles of Incorporation are the general legal act of the company drawn up by the company's founders.
The Articles of Association must be authorized by a notary.
Submitting the Paperwork to the Serbian Business Registration Authority (BRA)
The signatures of the company founders must be notarized before the company is officially incorporated in Serbia. You can then submit an application for registration to the Serbian BRA. This can be done directly at the BRA's seat in Belgrade, at the BRA's organizational unit, or by mail.
Once the Serbian BRA accepts the application, a company number, tax identification number, and health insurance number assigned by the National Health Insurance Fund will be provided.
Conclusion
Given that startup costs are quite low compared to other European countries, owning a company in Serbia is a good investment option for many foreign investors and entrepreneurs. The process of company formation in Serbia takes only a few weeks if all documents are submitted correctly and on time.