Serbia company registration

DOING BUSINESS IN SERBIA IN 2022

pay fee by instalmentsbusiness setup without travelGuaranteed solutions

Since 2003, Healy Consultants Group PLC has assisted our Clients with business registration in Serbia. Our services include i) Serbia company registration ii) government license registration iii) business bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.

Compare different Serbian entities Tax resident LLC Fast business setup solution Free zone LLC Representative office Branch office
Also known as Društvo sa ograničenom odgovornošću Društvo sa ograničenom odgovornošću Društvo sa ograničenom odgovornošću Predstavništvo Filijala
Best use of company? All products and services Quickly close a customer deal Manufacturing and export Marketing & research Specific projects
How soon can you invoice Clients/sign sales contracts? 4 weeks 2 weeks 4 weeks Cannot trade 4 weeks
How soon can you hire staff? 4 weeks 2 weeks 4 weeks 4 weeks 4 weeks
How soon can you sign a lease agreement? 1 week 1 week 1 week 1 week 1 week
How long to supply corporate bank account numbers? 2 months 4 weeks 2 months 2 months 2 months
How long to supply company registration/tax numbers? 4 weeks 2 weeks 4 weeks 4 weeks 4 weeks
Corporate tax rate on annual net profits? 15% 15% 15% Cannot trade 15%
Limited liability entity? Yes Yes Yes No No
Government grants available? Yes Yes Yes No Yes
Government approval required for foreign owners? No No No No No
Resident legal representative required? Yes Yes Yes Yes Yes
Minimum paid up share capital? €1 €1 €50,000 None None
Can bid for Government contracts? Yes Yes Yes No Yes
Corporate bank account location? Komercijalna Banka Banca Intesa OTP bank Bank of China Srbija Crédit Agricole Srbija
Can secure trade finance? Yes Yes Yes No No
VAT payable on sales to local customers? 20% 20% 0% Cannot trade 20%
Average total business set up engagement costs? Request a proposal Request a proposal Request a proposal Request a proposal Request a proposal
Average total engagement period? 3 months 2 months 3 months 3 months 3 months

Serbia business setup summary

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages of Serbia company registration

    Serbia business advantages and disadvantages

    1. A Serbia limited liability company can be incorporated with 1 director and 1 shareholder, who can be of any nationality and who can be individuals or corporate bodies. The minimum paid-up capital required is only €1 and our Clients will not need to travel to complete the engagement;
    2. Serbia is a member of the Black Sea Economic Cooperation (BSEC), the Central European Free Trade Agreement (CEFTA) and is also the only European country with free trade agreements with the European Union, Russia, Belarus and Turkey. This makes Serbia an ideal location for registering a manufacturing/distribution company and creates a possibility for companies to trade their goods duty free across the borders to a market with over 1 billion people;
    3. Serbia has one of Europe’s lowest tax rates at 15%. Hence many of our Clients register a Serbian company as the headquarters for their businesses;
    4. Foreign investors can i) establish 100% foreign owned businesses in Serbia ii) own property iii) incorporate companies in any part of the country without restrictions and iv) export goods and services duty free and without restrictions;
    5. Serbia’s workforce consists of English-speaking high quality skilled labor at a low cost. This is an advantage to entrepreneurs and strengthens business performance;
    6. Owing to the country’s favorable location, Serbia serves as a connection between Western Europe and the Middle East with a well-developed network of infrastructure as well as a stable business climate and is therefore an ideal business hub for entrepreneurs who would like to access these markets;
    7. Serbia has signed double tax treaties with 61 countries including Canada, China, Denmark, France, Germany, Ireland and the UK among others and this serves as a major incentive to investors as it aims at reducing taxes and encouraging investments and easy flow of goods and services between the member countries.
    8. Serbia has world-class IT services. The nation is home to 1600 innovative IT companies and is known for its proficiency in high-end IT software and hardware solutions. Moreover, Microsoft has started its 4th Development Centre in the world in Serbia.
  • Disadvantages of Serbia company registration

    1. A Serbia public limited company requires at least 3 directors and 1 shareholder and a minimum paid-up share capital of €25,000;
    2. The official language of Serbia is Serbian thus all incorporation documents must be translated before the company can be incorporated. This slows down the entire process while registering a company in Serbia and has cost implications for the investor;
    3. Corruption is still a serious problem in Serbia due to inefficient government bureaucracy as the government does not have a track record of investigating and prosecuting corrupt officials especially in high profile cases.
    4. Serbia has lengthy tax payment procedures. There is a total of 66 tax payments per year that are to be filed in Serbia which approximately takes 279 hours on average.

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Contact us

For additional information on our company registration services in Serbia, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!
serbia ministry of finance Tax administration of Republic of Srpska Chamber of Commerce and Industry of Serbia serbian business registers agency National bank of Serbia