• [En]
  • [Fr]
  • [Es]

  +381 62 330 664

  office(at)bridgewest.eu

+381 62 330 664
office(at)bridgewest.eu
Company Formation Serbia

CHECK COMPANY
NAME AVAILABILITY (Step 1)



Articles

Establish a Branch in Serbia

Updated on Thursday 14th December 2017

Rate this article
5 5 1
based on 2 reviews


branch in Serbia.jpgOpening branches in Serbia falls under the provisions of the Serbian Law on Companies. Even if it is not considered a legal entity, a foreign branch can perform legal transactions and activities in the name of the parent company on the Serbian territory. If you are a representative of a company from overseas who wants to establish a branch in Serbia, you can rely on complete help and guidance in this matter, which is offered by our specialists in company formation in Serbia. Starting with establishing the proper type of business for your needs and ending with the preparation of documents, our team can offer the entire support.
 

Documents necessary for registering a Serbian branch

 
When registering a branch in Serbia, it is suggested to consider the following documents for submission to the Serbian Business Register Agency:
 
the decision of opening a branch in Serbia,
the proof that the foreign company is registered in the country of origin,
the certificate of registration,
the constitutive documents of the parent company,
the company’s articles of association,
the list of the company’s management board’s members and supervisory board’s members,
the name of the branch and the reason why it is opened,
the name of the representative and its powers.
 
 
All the above documents must be notarized and accompanied by the Serbian translation. As a result, the branch opened in Serbia will receive the registration certificate, the tax identification number and the certificate from the pension and health funds. Other requirements are to register with the tax authorities and to the Employment Organization Funds and to open a bank account for the future financial transactions.

 

Conditions for opening a branch in Serbia

 
In accordance with the rules and regulations stipulated by the Companies Law in Serbia, a foreign branch represents a separate administrative division of a company that operates in other countries in compliance with the conditions imposed in those states. It is good to know that the Serbian Business Register Agency which oversees the company incorporation in the country, is also in charge of registering foreign branches. Among the information necessary for registration of your branch in Serbia, we mention that the documents must comprise details about the parent company such as the business name, the address, the name of the owners, activities, the registered capital and the name of the representative of the branch.
 
It is good to know that the company registration process of a branch in Serbia presents about the same attributes related to opening other types of companies in Serbia, with the difference that the parent company must provide complete information about the activities they intend to develop in the chosen country. Please keep in mind that as soon as the incorporation process took place, a statistical number and the registration certificate is provided to the newly-established branch in Serbia. Also, the next step in the branch formation in Serbia is to add a bank account which can be settled through a financial entity in the country or established in the home state, in order to perform the financial transactions related to the business. Branches in Serbia must also consider the requirements linked to the employment in the country, meaning that the staff needs to be registered with the Pension Fund, for Insurance and also for Social Security. For guidance and help in company registration in Serbia, we suggest you address to our local company incorporation agents in the country.

 

Advantages of opening a branch in Serbia

 

The advantages of holding a branch in Serbia are especially of financial nature: if the country of origin has concluded a double tax avoidance agreement with Serbia, some of the withholding taxes on interests, royalties, and dividends may be avoided and the corporate taxes can be exempt or refunded. Another advantage is that there is no required minimal share capital at registration and the provided capital must be delivered by the foreign company. In case the foreign company enters the process of liquidation, the Serbian branch’s assets may be shared between the creditors if the debts cannot be paid.
 

The obligations of branches in Serbia

 
The branch established in Serbia is managed by a representative invested with the power of attorney by the foreign country. The approval from the foreign company must be received before major decisions are taken. The branch cannot acquire shares in another company without the consent of the parent company. Another requirement specific to the branches opened in this country is the obligation to register yearly the balance sheet and the statement of losses and profits of the foreign company at the Business Register Agency. The branch that was set up in Serbia must also keep its own financial statements and deposit them every year. The VAT returns must be deposited every month, just like any other local company.
 
For more details related to opening a branch in Serbia and the related requirements, you may contact our consultants in company formation in Serbia.
 
 
 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Belgrade

Call us now at +381 62 330 664  to set up an appointment with our company formation specialists in Belgrade, Serbia. Alternatively you can incorporate your company without traveling to Serbia.

As a Law Office Ristic & Partners 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.

Contact

Online Incorporation

tax-calculator-serbia

Tax Calculator

tax-calculator-belgium

We Recommend ClientPedia

This website is marketed by ClientPedia

Banner-Promoting ClientPedia-244px.jpg

Follow us