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How to set up a D.O.O in Serbia

Updated on Friday 11th May 2018

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Open LLC in Serbia.jpg The limited liability company in Serbia or the D.O.O. (društvo sa ograničenom odgovornošću) can be easily set up by foreigners interested in doing business in an appreciated environment. This is the most popular business structure in Serbia, but instead of dealing with misunderstandings or language barrier, we suggest you address your inquiries to our team of company formation specialists in Serbia. Our team can handle the registration process with the authorities in charge and can also represent the company’s activities in a legal manner.

 

How can I register a D.O.O. in Serbia?

 

The first step for opening a D.O.O in Serbia is choosing a proper name, checking it via the Internet on the Business Registers Agency and appointing a director. The name of the future company can be reserved by a prospective applicant by submitting a special application. The reservation is valid for 60 days and it can be transferred to another businessman or renewed if appropriate. A private limited liability company in Serbia is a company based on a share capital of EUR 500 and with a maximum of 50 shareholders. He/ she can be the founder or even a part-time worker if it is specified in the Articles of Incorporation. An OP form with his/her signature as a company responsible must be certified.
When choosing the main activity domain of the D.O.O, the entrepreneur must consult the laws on classification of business activities and on the registry of categories. This is necessary because approvals need to be received from the competent authorities according to the field of activity. At least half of the minimum share capital must be deposited in a temporary bank account. The Articles of Association containing the above information must be legalized.

 

Documents to be submitted for opening an LLC (DOO) in Serbia

 

A number of taxes must be paid before company registration and receiving the company identification number. These taxes must be paid at the Serbian Business Registers Agency and the Republic Statistical OfficeThe registration process can be performed electronically, but the representative of the company has the obligation to submit the original documents within five days from the application. Along with the registration form, the founder must deposit the following:

 

  • an ID proof and the signed Articles of Incorporation of the future company;
  • a proof from the bank certifying that the minimum share capital was deposited;
  • a decision of the representative agent with residency in the chosen city for business;
  • the authorized signature of the owners and the managers of the company.

 

Post-registration of a DOO in Serbia

 
As soon as the company’s documents have been accepted by the authorities, the next step is to observe the post-registration procedures and apply for the company’s seal, taxes, and social contributions. Please observe the following conditions:
 
  • the founder must specify the way he/she wants to receive the Decision on Founding;
  • the Decision is ready for collection in maximum five days if all the submitted data are correct;
  • a company seal must be used in every company’s activities, so the next step after receiving the Decision on Founding is making one;
  • after receiving the company seal, the representatives must apply for the local taxes. The procedure will not take longer than approximately 3 days.
  • the day the application is filed, an inspector is sent to the company’s office who verifies the Decision of Registration and the basis for using that location as headquarter.
  • after receiving the TIN (Taxpayer Identification Number), the D.O.O must open a permanent bank account, a process that usually takes one day;
  • the last step in incorporating a limited liability company in Serbia is recording the workers’ contracts at the Employment Fund.

 

How can I open a bank account for a D.O.O. in Serbia?

 
In order to draft the minimum share capital of the limited liability company you wish to set up in Serbia, a bank account must be opened in this country. In this sense, the company’s main documents are sufficient for the chosen bank. The procedure might take a few days until the bank account is linked to the enterprise you want to open in Serbia.
 

Can I ask for virtual office services in Serbia?

 
Yes, foreign investors who want to open D.D.O.s in Serbia can ask for virtual office services if they want to control the operations from abroad. Phone and fax forwarding, a local phone number, mail collection and forwarding, meeting rooms for clients and collaborators are among the services offered through a virtual office in Serbia. Please note that our Serbian team of company formation agents can offer in-depth information about how to benefit from virtual office services.

 

Advantages of incorporating a D.O.O in Serbia
 

The limited liability company is a widely used legal entity for starting a business in Serbia. There are several advantages of incorporating a D.O.O in Serbia:

 

  • •  time efficiency – it only takes three weeks to incorporate it;
  • •  share capital – a minimum amount of EUR 500;
  • •  directors – there is a need for only one director of any nationality;
  • •  shareholders – the basic requirements for starting a D.O.O in Serbia are two shareholders of any nationality;
  • •  taxes – Serbia is an attractive business environment since it promotes one of the lowest corporate tax rates in Europe (15%);
  • •  legislation – the Serbian authorities have adopted new measures for simplifying and advancing the process of company registration in Serbia by unifying the Register for all business entities.

 

If you need more details about how you can open a DOO (LLC) in Serbia, don't hesitate to contact our specialists in company formation in Serbia.

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