The willing of centralizing all the data from the previous registers leaded to one unitary Serbian Business Registers Agency founded in 2005. The agency was established in Serbia with the government’s help and also support from the World Bank, Microsoft and USAID.
The administrative sector became friendlier for the public and the budget was not affected at all since all the funds come from the registration fees (not changed from the first day the Register was founded).
The number of employees was rationalized, they replace now the former employees of the numerous organisms involved in the past in the company registration process.
The founding of the Serbian Business Registers Agency was a result of the reforms implemented by the local government in the area of business registration and a registration system for financial leasing and pledge rights on movable assets. The main purposes of the Serbian Business Registers Agency were:
• To facilitate the setting up and closing of Serbian companies;
• To improve the business environment for larger foreign investments;
• To prepare the necessary bureaucratic conditions for generating new jobs;
• Reducing administrative obstacles to doing business in Serbia.
Our specialists in company registration in Serbia can give you extensive information about the founding of the Business Registers Agency.
A company must register at the Serbian Business Registers Agency the following elements:
- name of the company,
- date of incorporation,
- legal type,
- description of the company,
- number of the bank account,
- name of the company’s representative,
- proof of payment of the share capital,
- the registration number,
- tax number,
- data of the reserved name,
- annual financial statements,
- data of liquidation.
If available, the following data can also be registered: the foreign name of the company, the company time of operating (if it’s open temporally), the short name and the foreign short name of the company, company’s email address, fax number, phone number and website.
A company can be registered with the Serbian Registers Agency by the founder or its representative by depositing documents such as: the proof of the registration tax payment, the founder’s ID, the articles of incorporation, bank certificate (if available), the decision of appointing the company’s representative. These are the basic information a company must report no matter what type of entity wants to open.
If a partnership is registered, it is also necessary to record the Contract of Association signed by the partners.
For a foreign subsidiary, the registration tax payment is also required along with other documents such as: a translation of the company registration certificate of the parent company, statement of account from the parent’s company bank, the proof that the founder takes responsibility for the branch’s actions, signature of the branch’s representative.
The Serbian Business Registers Agency operates as a single, centralized and public electronic database. It contains relevant information about all aspects related to doing business in Serbia:
• Entrepreneurs (sole traders);
• Financial leasing contracts;
• Associations operating within the country;
• Foreign associations;
• Representative offices of foreign endowments and foundations;
• Information about construction permits;
• Sporting associations, business companies and sports federations;
• Chambers of commerce;
• Temporary restrictions of rights of entities;
• Bankruptcy estates;
• Bidders and injunctions.
Our experts in company formation in Serbia can tell you more about the information available at the Serbian Business Registers Agency.
If a company wants to obtain a copy of the registration, it needs to fill an application and pay a fee in order to receive it. The certificate date may be found also in electronic format.
The taxes that need to be paid for this service are established according to the complexity of the required data.