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Company formation in Serbia
Comprehensive assistance in company formation, including banking services
How to form a company in Serbia
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Serbia and opening a bank account in Serbia
2
Payment of services
Payment of our services for company formation in Serbia and/or bank account assistance in Serbia
3
Company formation
We register a new company in Serbia for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to forming a company in Serbia
Minimum share capital that is required to register a company in Serbia as a d.o.o. (a limited liability company) is just RSD 100.
1. Founders of a company in Serbia can either be resident or non-resident in Serbia. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a director in Serbia. It is not required for companies in Serbia to have a resident individual as one of their shareholders or directors.
3. One individual can be simultaneously a shareholder and a director in a company in Serbia if such company is registered as a d.o.o. (a limited liability company).
4. There is no requirement for creating substance in Serbia - no need to hire local employees or rent an office in order to establish a company in Serbia or to conduct business in Serbia.
5. Minimum share capital that is required to register a company in Serbia as a d.o.o. (a limited liability company) is just RSD 100.
6. Information about company founders, shareholders and directors after a company registration in Serbia is complete is publicly available in the state corporate register.
7. A company in Serbia can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Belgrade for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a director in Serbia. It is not required for companies in Serbia to have a resident individual as one of their shareholders or directors.
3. One individual can be simultaneously a shareholder and a director in a company in Serbia if such company is registered as a d.o.o. (a limited liability company).
4. There is no requirement for creating substance in Serbia - no need to hire local employees or rent an office in order to establish a company in Serbia or to conduct business in Serbia.
5. Minimum share capital that is required to register a company in Serbia as a d.o.o. (a limited liability company) is just RSD 100.
6. Information about company founders, shareholders and directors after a company registration in Serbia is complete is publicly available in the state corporate register.
7. A company in Serbia can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Belgrade for 1 day in order to open a corporate bank account.
Cost of services
Formation of a d.o.o.
Timeframe - 7 business days
Timeframe - 7 business days
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Advantages of forming a company in Serbia
Attractive business-environment
- Access to major EU markets
- Stable economic growth
- Highly-qualified workforce
- Open economy, no trading restrictions
- Low inflation
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Corporate income tax rate is 15%
- Tax incentives for R&D
- Multiple double tax treaties
No strict foreign exchange controls
- Although foreign exchange controls are established in Serbia, individuals and business entities, either resident or non-resident in Serbia may open bank accounts in local banks in any currency
Ease of establishing and doing business
- Minimum share capital that is required to register a company in Serbia as a d.o.o. (a limited liability company) is just RSD 100
- 100% foreign ownership of a company is available
- Remote company formation in Serbia is available
More about Serbia
The Republic of Serbia is located in Southeastern and Cetral Europe at the crossroads of the Pannonian Plain and the Balkans. Serbia borders Bosnia and Herzegovina, Bulgaria, Croatia, Hungary, Kosovo, Montenegro, North Macedonia and Romania. Serbia has a territory of 88,499 square kilometers. The capital city of Serbia is Belgrade, the largest city and the location of key government institutions.
Serbia has a population of 6,8 million people.
Serbia has a population of 6,8 million people.
Official currency of Serbia is Serbian dinar (RSD).
Serbia has an upper-middle income emerging market economy. The economy of the country is based on service sector, which accounts for 2/3 of the total GDP. The largest sectors of the economy are energy, automotive industry, machinery, mining and agriculture. International trade also contributes to the economic output.
The GDP of Serbia grew by 7.5% in 2021 and amounted to USD 63 billion. Tertiary sector makes up almost 68% of the GDP of the country, followed by industry sector at 26.1%, agriculture at 6%.
In terms of foreign trade the largest exports of the country are automobiles, base metals, furniture, machinery, chemicals, sugar, tires, clothes, pharmaceuticals, fruits, nuts, maize (corn).
Imports of Serbia consist of energy, petroleum oils, natural gas, cars and vehicles, transmission apparatus, electric conductors, consumer goods.
Primary trading partners of Serbia are Germany, Bosnia and Herzegovina, Hungary, Montenrgro, North Macedonia, Poland, Czech Republic, Romania, China, Poland, Turkey, France and Slovenia.
Serbia has an upper-middle income emerging market economy. The economy of the country is based on service sector, which accounts for 2/3 of the total GDP. The largest sectors of the economy are energy, automotive industry, machinery, mining and agriculture. International trade also contributes to the economic output.
The GDP of Serbia grew by 7.5% in 2021 and amounted to USD 63 billion. Tertiary sector makes up almost 68% of the GDP of the country, followed by industry sector at 26.1%, agriculture at 6%.
In terms of foreign trade the largest exports of the country are automobiles, base metals, furniture, machinery, chemicals, sugar, tires, clothes, pharmaceuticals, fruits, nuts, maize (corn).
Imports of Serbia consist of energy, petroleum oils, natural gas, cars and vehicles, transmission apparatus, electric conductors, consumer goods.
Primary trading partners of Serbia are Germany, Bosnia and Herzegovina, Hungary, Montenrgro, North Macedonia, Poland, Czech Republic, Romania, China, Poland, Turkey, France and Slovenia.
International business expands to Serbia and incorporates a company in Serbia primarily for:
Restricted for foreign entrepreneurs are the following sectors:
- automotive industry
- wholesale and retail trade
- tourism
- ICT
- healthcare
- renewable energy
- mining
- manufacturing
- environmental protection
- solid waste management
- agriculture and agro-processing.
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- television
- telecommunications and radio
- air transport
- postal services.
- Corporate income tax - Standard tax rate 15%. Tax returns are filed on an annual basis. Advance income tax payments are made on a monthly basis
- Dividend withholding tax - Standard tax rate 20%
- Interest withholding tax - Standard tax rate 20%
- Royalties withholding tax - 20%
- Capital gains tax - 15%
- VAT - Standard tax rate 20% or reduced rates from 0% up to 10% or tax exempt. Tax returns are filed on a monthly or a quarterly basis
- Personal income tax - from 10% up to 15%.
Apart from such traditional business entity types as a limited liability company (društvo s ograničenom odgovornošću - d.o.o.) and a public limited company (akcuinarsko društvo - a.d.), corporate law in Serbia offers to establish a business as:
1. General partnership (ortačko društvo - o.d.)
2. Limited partnership (komanditno društvo - k.d.)
3. Cooperative company (zadruga)
4. Branch office (ogranak)
To receive a detailed description of the company formation procedure in Serbia and information about documents necessary for company formation in Serbia please contact our experts.
1. General partnership (ortačko društvo - o.d.)
2. Limited partnership (komanditno društvo - k.d.)
3. Cooperative company (zadruga)
4. Branch office (ogranak)
To receive a detailed description of the company formation procedure in Serbia and information about documents necessary for company formation in Serbia please contact our experts.
Send a request for company formation in Serbia
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Phone: +44 20 8157 4037
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London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
