October 18, 2017

Register a company LLC

STARTING A BUSINESS IN SERBIA

 

Register a company services include: consulting, choosing and reservation of a business name, preparing documents for registration a company with the SBRA, bank or Tax Administration, intermediation in communication with competent institutions and bodies on both state and local level, with bank or accounting, Certification Authority, etc.

Also, you can choose some of our services for next business steps: accounting, marketing, company management services, preparation of all required obligatory rulebooks, contracts and other documents, service of virtual office that enables the head office and business address of the company with receiving and forwarding complete incoming mail and other administrative services (for the first month or more).

We are here for you.

Welcome to Business Serbia and thank you for choosing us!

 

BEOECC Office

 

 

1. Launch your business

 

Pick your business location

 

Your business location determines the taxes, zoning laws, and regulations your business will be subject to. You’ll need to make a strategic decision about which city and neighborhood you choose to start your business in.

The Seat of a company is a place on the territory of the Republic of Serbia from which the business is conducted, and which is defined as such by the Articles of Association or by the decision of the General Meeting.

Do a research and find the best place to locate your business.

Some useful information you can find at Chamber of Commerce and Industry of Serbia (PKS) or Development Agency of Serbia (RAS).

Also, we can provide you with a service to supply additional information for choosing the best location.

 

Choose a business structure

 

The business structure you choose influences everything from day-to-day operations, taxes, to how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits.

Legal form to indicate the business name is marked as follows:

  1. Company

– “Partnership”, “o.d.” or “od”;

– “Limited Partnership”, “k.d.” or “kd”;

– “Limited Liability Company”, “d.o.o.” or “doo”;

– “Joint Stock Company”, “a.d.” or “ad”;

In addition to the business name, in its business operations, the company may use abbreviated business name under the same conditions under which it uses its business name.

  1. Entrepreneur

The entrepreneur also operates under the business name that contains the name and surname of the entrepreneur, a description of the core business, the entrepreneur‘s mark, or “pr” and seat.

  1. A branch of a company
  2. Representative of a foreign company
  3. Business Association
  4. Other forms of organization

More on The Serbian Business Registers Agency.

Also, see Guide for Establishing a Company in Serbia on Chamber of Commerce and Industry of Serbia (PKS).

 

Choose your business name

 

Company operates and participates in legal transactions under its business name that is registered in accordance with the Law on Procedure of Registration.

Business name shall contain the name, legal form and the place where the head office of a company is located.

 

Reservation business name

 

The Serbian Business Registers Agency (SBRA) is responsible for the approval and reservation of company names.

This is the first step to incorporating your company. If you wish to change the name of your company, you also need to apply to reserve the new company name.

The name you choose can’t be identical or almost identical to another company name. It can’t be offensive or contain certain words that are restricted or protected by other legislation.

You must use the name to incorporate a new company (or change the name of an existing company) within 60 days.

If you find you are running out of time to use your reserved name – on either the 59th or the 60th day you can extend your name reservation. This will give you another 60 days in which to complete the incorporation.

Begin by SBRA that your company name is able to be reserved.

 

Register your business

 

Company acquires the status of legal entity by registration, that is by entering data of the concerned company in the Register in a manner prescribed by the procedure of registration of the Serbian Business Registers Agency (SBRA).

In order to register the company (LLC) with the SBRA, the following documents need to be submitted:

  1. Application form (can be downloaded free of charge from the official web page of the SBRA);
  2. Foundation Act with certified signatures of the company’s founders (shareholders);
  3. Proof of identity of the company’s founders (if the founder is natural person: for Serbian nationals – photocopy of personal ID card, and for foreign nationals – photocopy of passport; if the founder is legal entity: original extract from the commercial registry);
  4. Decision on Appointment of Representatives (if the representatives are not specified in the Foundation Act);
  5. OP form, i.e. certified signature of each representative (the OP form can be downloaded free of charge from the official web page of the SBRA);
  6. Bank confirmation of the payment of the contribution in cash if the contribution is payable prior to incorporation, i.e., founders’ agreement on the appraisal of the value of contribution in kind if the contribution is made to the company prior to incorporation;
  7. Proof of payment of the registration fee; and
  8. Power of Attorney (if an attorney files the registration).

Documents in a foreign language must be accompanied by their translation into Serbian, certified by a certified court interpreter.

 

Company stamp

 

Although use of the stamp is not mandatory under the new Companies Act, a majority of the companies in Serbia are still using the stamps in their business operations. In addition, contrary to the provisions of the new law, some authorities still require the stamps to be affixed on business letters/documents of the companies.

After the company is registered, we will provide making a company seal on the same day when the company is registered in SBRA. Exception is situation if you want a stamp with your logo. In this case we will wait for your instruction and confirmation for making the seal.

 

Bank account

 

Usually it takes one day to open a bank account but it is not possible in all banks. Also, it takes 7-10 days to make your card for e-banking.

We can give you some advice about choosing a bank, we can provide you with assistance in bank account opening, we can be there for you during opening and some other bank procedures. We can finish everything on your behalf with your authorization (download payment cards, providing additional documentation, etc.).

You should choose a bank that suits your needs best. On website of National Bank of Serbia, you can find a list of banks which operate in Serbia.

 

Application in Tax administration

 

After the company is registered in SBRA, your accountant needs to prepare and deliver some additional documents in Tax administration (TA).

But if you have not made a decision about choosing an accountant yet, we will prepare these documents for you, you will only need to sign them and we will deliver them to Tax administration.

Based on tax regulations of the Republic of Serbia, we advise our clients how to set up their business in Serbia and take advantage of all tax privileges. We also provide tax planning strategies where future tax payments are planned based on trends and a history performance.

It is very important for foreign investors and entrepreneurs, who set up a company in Serbia, to understand tax regulations so they can develop projects without fear of any kind of tax fines or other unexpected costs.

Our team provides detailed information about all tax types in Serbia.

You can read more about tax laws on website of Tax administration.

 

Digital signature

 

Every director in Serbia needs to have a digital signature for signing financial statements.

Usually, your accounting agency can make application for the digital signature for your director.

Based on your question we can send you an offer for getting digital signature with our help if you select one of our other services (establishing company, business representation, company management services, etc).

 

Accounting Serbia

 

An important segment of doing business for each company is quality accounting which ensures business activities complying with law regulations as well as a good information source for the company management.

We work with partner Accounting agencies so  after you have registered your company, you can choose whether to leave bookkeeping tasks to us or to one of our partners who is specialized in a particular business.

If you have any questions about accounting in Serbia, please contact us.

 

2. Status changes or deletion of companies.

 

We also offer the following services:

  1. Changes or deletion (liquidation) companies in the Serbian Business Registers Agency;
  2. Status changes of companies.

 

3. Company management services

 

Our personal service is designed to give you control.

 

Required obligatory rulebooks

 

Preparation of all required obligatory rulebooks (general akts) of the new company and all changes caused by changes in Law:

  1. Labour Rulebook,
  2. Job classification in the Company,
  3. Work Safety Rulebook,
  4. Rulebook for safety in situation caused by fire,
  5. Accounting Rulebook,
  6. And other general acts of the enterprise.

 

Business representation

 

Maintaining contact with all Government institutions, bank, accounting agency or partners in relation to all/any obligations on everyday basis (Intermediation in communication with competent institutions and bodies on both state and local level, bank, accounting agency; Connection with Ministry representatives and representatives of other state authorities; Intermediation in finding local business partners).

 

Other administrative services

Virtual business assistant and co-worker

 

Preparing all kinds of documents, contracts, invoices, business letters, documents for export-import procedure, public procurement, marketing, e-bank payment, etc.

 

Virtual office

 

Providing the virtual office address for your company in the center of Belgrade.

Virtual office service includes:

  1. virtual business address for registration of your company in the centre of Belgrade, in No. 10 Visokog Stevana Street (The Municipality of Stari Grad, close to the Kalemegdan) or No. 2 Kneginje Zorke Street (The Municipality of Vracar, in the Business centre Orac) as (1) a transitional solution until you find the suitable business space for your company or (2) for the companies that want to have business address in the centre of Belgrade, in one of these two Belgrade Municipalities.
  2. receiving and forwarding complete incoming mail on behalf of your company.

 

Domain registration

 

Domain registration and opening of email accounts. Website development.

 

* * *

 

If you are interested in our services in the areas above, please send us e-mail with a filled-in Request to

 

office@beoecc.rs

 

or contact us by phone:

 

Mob/Viber/WhatsApp:  00 381 63 694040

Tel: 00 381 11 2185 397