Setting up a company in Serbia is a straightforward process open to both local and foreign individuals or entities. Here’s everything you need to know about the process, types of entities, and legal requirements.
Who Can Establish a Company in Serbia?
Any legal or natural person, regardless of their country of residence or citizenship, can establish a company in Serbia. All newly formed companies are registered with the Serbian Business Registers Agency (SBRA), which issues a Tax Identification Number (TIN). Once registered, the real owner is documented, and a business bank account is opened in the client’s chosen bank, with legal assistance provided throughout the process.
The Online Registration Process
Company registration in Serbia is conducted exclusively online through a registered profile on the SBRA platform. All founding documents and related materials must be in electronic format, and a lawyer assists in tailoring the process to suit the client’s needs.
Key decisions before registration include:
- Selecting the legal entity type.
- Determining the organizational structure.
- Choosing a company name.
- Setting the company address (virtual office options available).
- Selecting the primary business activity.
- Appointing a director.
- Deciding the initial capital.
- Opening a business bank account.
- Choosing an accountant.
- Drafting the Founding Act.
Types of Business Entities in Serbia
Serbian law allows the establishment of the following legal entities:
- General Partnership
- Limited Liability Company (LLC)
- Limited Partnership
- Joint Stock Company
Additionally, sole proprietorship is an option for individuals engaging in business activities.
Why Choose an LLC?
The Limited Liability Company (LLC) is the most popular choice due to its flexibility, low capital requirement (100 RSD or less than 1 EUR), and limited liability for shareholders. It’s suitable for small, medium, and even large businesses. LLC members’ liability is restricted to their investment in the company.
Sole Proprietorship
Sole proprietors are personally liable for all business obligations, making this structure simpler but riskier. The registration process is quick and efficient, making it a good option for individual entrepreneurs.
The Registration Process
The SBRA one-stop-shop system simplifies company registration by issuing:
- Tax Identification Number (TIN),
- Company Registration Number,
- Health Insurance Number.
The process involves submitting an online application, electronic signing of documents, and payment of registration fees. All documents are handled electronically, reducing administrative hurdles.
For Foreign Nationals
Foreigners can establish companies under the same conditions as locals, with additional steps such as obtaining an electronic signature in Serbia and providing documents like an Apostille-stamped business register extract (if applicable).
Founders must visit Serbia at least once to complete these requirements, with legal representatives handling the remaining steps.
Conclusion
Setting up a business in Serbia is efficient and accessible for local and foreign entrepreneurs alike. Whether you choose to establish an LLC, sole proprietorship, or another entity, the process is streamlined and supported by modern digital infrastructure. Partnering with a legal expert ensures a smooth journey from registration to operational success.
If you’re ready to start your business in Serbia, reach out for personalized support!