How to open a business in Serbia when you are a foreigner?

How to open a business in Serbia when you are a foreigner?

When you are a foreigner looking to open a business in Serbia, there are a few steps to consider before setting up shop. The process can be complex, but with the right preparation and understanding of the local laws and regulations, it can be a manageable process.

To open your business in Serbia, nothing simpler. You can register your company the same way a local would, regardless of citizenship. There are no special conditions of limitations for you to make it harder to open your company. For a faster and easier service find an experienced and specialised lawyer. It takes shorter to finalises all the required mentions if you are already living or staying in Serbia, but it is not harder to do from abroad.

Research the Business Climate in Serbia

Before starting a business in Serbia, it’s important to have a good understanding of the business climate in the country. Research the local laws and regulations, the economic climate, the taxation requirements, and the general business environment to make sure that your business is viable and will be successful.

Select a Legal Structure

A new business is established after the procedure is registered before the Serbian Business Registers Agency and a corporate bank account is done in Serbia. Surround yourself with knowledgeable people that will help you find the best company for you, one that will make you earn income and find a public. The Company Law of the Republic of Serbia recognizes four legal forms of companies.

They are:

  • General partnership company,
  • Limited partnership company,
  • Limited liability company,
  • Joint-stock company

A Limited Liability Company (or LLC) is a company established by legal or natural persons. This means that its members are not personally liable for the company’s debts. They are the most common forms of companies in Serbia. Generally, LLCs are required to pay a one-time filing fee as well as an annual fee. According to the law, the minimum amount of share capital is 100 Serbian dinars (which is less than 1 Euro).

Get a Business License

Before you can open your business, you must obtain a business license from the local municipality. This process can take some time, so it’s important to plan accordingly.

Register with Tax Authorities