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Open a Foundation in Serbia

Updated on Wednesday 03rd October 2018

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Open a Foundation in Serbia.jpgCharities or non-governmental organizations (NGOs) in Serbia are non-profit entities meant to collect funds for particular projects. The foundations, the associations and the endowments are three common legal structures or NGOs that can be established in Serbia and that cannot develop partnerships with private institutions or political parties. Foreign investors looking to open a foundation in Serbia can talk to our team of company formation specialists in Serbia and find out information about the requirements in this sense.
 

How is the foundation taxed in Serbia?

 
Because the charities in Serbia have no financial activities and make no profits, these are exempt from any taxation. This means that there is no VAT imposed and no other taxes for humanitarian products that enter from abroad. It is good to know that the Law on Associations 2009 controls the activities of charities in Serbia.
 

How can I open a charity in Serbia?

 
Individuals from abroad, whether entrepreneurs or not, can easily establish a foundation in Serbia without having to worry about a minimum share capital. On the other hand, businessmen interested in establishing an endowment should prepare a minimum share capital of EUR 30,000. We invite you to take a look at a few of the general requirements for opening a foundation in Serbia, with the mention that our Serbian team of company formation agents can help you with the registration formalities:
 
 
  • a foundation can own a property to commence and pursue its activities;
  • it is strictly forbidden to own a property as a member or a manager of a charity in Serbia;
  • at least three natural or legal persons can establish a foundation in Serbia;
  • the wages of the management board must not surpass double the average salary in Serbia.
 
Knowing the general rules for opening an NGO in Serbia will help foreigners decide on the type of foundation they are interested in. We are here to help you register a company in Serbia and also a charity.
 

The activities of a foundation in Serbia

 
The non-profit organizations in Serbia are usually seen in sectors like science, medicine, environmental protection, social child care, education, culture, or sustainable development, but not limited to these. Foundations can establish a series of humanitarian programmes and collect funds as the main activities. It is good to know that a charity in Serbia must register an economic activity as the main purpose of such an entity.
 
We invite you to get in touch with our team of company formation representatives in Serbia and ask about how you can open a foundation in Serbia.
 
 
 

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