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Company Formation Serbia



Company Formation Services in Novi Sad

Updated on Thursday 16th May 2019

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Company-Formation-Services-in-Novi-Sad.jpgNovi Sad is the second largest city in Serbia and the capital of Vojvodina, an autonomous jurisdiction with a distinct business climate suitable for a wide range of investors. The company formation process in Novi Sad respects the same provisions stipulated by the Company Act and the Commercial Code, offering equal conditions for both local and foreign entrepreneurs. If you need assistance in company incorporation in Novi Sad, we suggest you address your requests to our Serbian team of company formation agents.

Setting up a company in Novi Sad

Limited liability companies in Serbia, including  Novi Sad, are suitable business forms for many activities and can be set up with EUR 1 as minimum share capital. Taking into consideration the conditions imposed, such entity can be easily registered. Please keep in mind the following aspects related to company incorporation in Novi Sad:
•    prepare the Articles of Association;
•    make a name verification with the Trade Register in Novi Sad;
•    name the board of directors;
•    open a bank account for the minimum share capital;
•    apply for tax purposes and other social contributions;
•    apply for company’s seal.
Moreover, entrepreneurs might be interested in opening joint stock companies, general or limited partnerships, and sole proprietorships if such business forms suit the needs. We remind that you can rely on the complete support offered by our team of company incorporation consultants in Serbia, including in Novi Sad.

Can I buy a shelf company in Serbia?

Yes, there are numerous investors who would rather choose to buy a vintage company instead of establishing a new one from scratch. This involves fewer formalities, mostly regarding the transfer of the ownership in this case. A ready-made company is ideal for the type of entrepreneurs who want to enter the Serbian market without having to wait for the incorporation formalities. Such a company has no activities and therefore no debt. However, entrepreneurs who want to be certain about their purchase can solicit company due diligence from our team of company formation specialists in Serbia. Shelf companies are also preferred by entrepreneurs wanting to make a bank credit, as such companies present trustworthiness in front of financial companies in Serbia. As part of our company formation services in Novi Sad, the transfer of the ownership of shelf companies in Serbia can be overseen by our team of consultants.

Can I purchase virtual office services in Novi Sad?

Yes, if you are not looking for a traditional office to establish in Serbia, you can ask information about the virtual office services you can buy in Novi Sad. With a complete package you can receive a notable business address, a local phone number, dedicated fax services, a virtual assistant or a professional secretary, mail collecting and forwarding in accordance with your needs, and bank statements collection if requested. It is important to know that a virtual office package can be received within 24 hours from the time you purchased it. There are many advantages linked to virtual office services in Novi Sad, and among these, the reduced costs compared to the ones for a traditional business office. Moreover, there are no human resources costs to consider, you can benefit from office facilities and meeting rooms and from a prestigious business address in Novi Sad. If you are interested in purchasing virtual office packages in Novi Sad and you need information in this matter, you may get in touch with our team of consultants.

Types of companies you can open in Serbia

Open and closed joint stock companies, limited liability companies, branches and subsidiaries, limited and general partnerships, and sole proprietorships are the preferred business structures which can be easily established in Serbia by domestic and international investors. The legislation is not complex when it comes to foreign investments, and the government sustains both types of investors, in an equal manner. The Serbian Business Register Agency is the institution in charge of company incorporation, including for branches and subsidiaries for which a certificate from the parent company is needed, alongside the decision of opening such an entity in Serbia. We remind that for a company to be present on the Serbian market, it is important to apply for licenses and permits and register for tax purposes and other social contributions. 

Accounting services on request

Entrepreneurs looking for business in Serbia should pay attention to the accounting requirements in this country. If they do not want to establish an accounting department in the firm, they can solicit the services of an accounting firm in Serbia. Bookkeeping, financial consulting, tax advice, payroll, VAT registration and filings, preparing and drafting the papers for VAT registration or tax minimization plans are among the services provided by an accounting firm in Serbia. We mention that both local and international laws apply in the accounting sector in Serbia, regardless of the business structure chosen in this state. Here is information about the main accounting services provided to companies in Serbia:
  1. Bookkeeping, payroll, VAT registration and accounts record for firms in Serbia.
  2. Support for the company’s annual financial declarations.
  3. Wages calculations, and registration for employees in Serbia.
  4. Tax consulting and minimization methods if it is the case.
  5. Accounting reports with complete details about the financial status of the firm.
  6. Trial balance, sales contracts, trade receivables and journals can be prepared by a professional team of accountants in Serbia.
It is important to know that small, medium and large companies are subject to audits in Serbia, in respect with the international laws. Our local team of accountants in Serbia is at your disposal if you want to open a company in Novi Sad and need comprehensive accounting services. In time and on request, they can provide you with a complete fiscal analysis and can propose varied financial measures for your firm in Novi Sad.

Types of services we can offer in Novi Sad

Because a company registration procedure might be complex due to the language barrier for foreign investors, it is recommended to set up the priorities and then solicit professional services in this direction. One can open a business in Novi Sad and ask for assistance in matters like:
•    company formation with the local Trade Register;
•    bookkeeping;
•    financial consulting;
•    tax advice;
•    accounting;
•    management consulting.
Considering the needs of each entrepreneur in Serbia,  our team of advisors can tailor the services in accordance. If you want to know more about how we can help you in Novi Sad and about the company registration process, we kindly invite you to contact our representatives in Serbia.

Meet us in Belgrade

Call us now at +381 11 715 6990 to  set up an appointment with our company formation specialists from  Law Firm Ivan ┼Żupan. Alternatively you can incorporate your company without traveling to Serbia.

As our client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Serbia.




The team from CompanyFormationSerbia.com is very qualified and benefits from extensive expertise in this area. I would definitely recommend them to any entrepreneur decided to start his own business here.

Mihai Cuc, Partner of
Enescu&Cuc; Law Firm

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