Serbia - D.o.o Company Incorporation

Company Type	Time to Incorporate	Cost
D.o.o	3 weeks	£1840

Incorporating a Business in Serbia

• Complete form RJR-1, form OP, forms M1 and M4
• Notarise the Memorandum of Association and lease contract at the Court
• Open a bank account; pay founding deposit or its part and all other fees
• Obtain the registration certificate Business Registers Agency
• Obtain PIB - tax identification number at the Municipal Hall; Certify the signatures for opening bank account
• Register the employment contracts with the Employment Organization/Fund
• Obtain certificate from the PIO Fund (pension fund)
• Obtain certificate from the Health Fund

The most commonly used legal form in Serbia is a limited liability company. A shareholder may have only one share in the company, which is expressed as a percentage. The share capital may consist of cash and contributions in kind such as equipment, goods, know how and according to the new law, work and services. The value of contributions in kind can be assessed by the shareholders themselves.

The new Company law provides that limited liability companies can have from 1 to 50 shareholders, and that the minimum share capital is €500. At least one half of the share capital must be paid prior to registration of the company, and the remaining half is payable within two years from registration.

Serbia today presents the most vital part in the Balkans region. Due to its emerging potential and very low operational and labour costs, Serbia will soon be acting as the centre of this region in terms of international economy and business. At the same time, labour costs are low and there are numerous tax incentives for investors.

Serbia has one of the lowest corporate profit tax rate in Europe.

Economic Information

The cost of labour in Serbia is significantly lower than in most Central and Eastern European countries.

• Average net monthly salary is €240
• Percentage of population speaking English language is more than 40%

Tax information

The tax regime in Serbia is conducive to investments, with the following major features:

• One of the lowest corporate profit tax rate in Europe set at 10%
• Tax credits for investing in fixed assets of up to 80% of the assets’ value
• A 10-year tax holiday for investments of €7.5 million or more
• Government subsidies, tax exemptions, and other incentives for creating new jobs