Serbia - D.o.o Company Incorporation

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

Incorporating a Company 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 has only one share in the company, which is expressed as a percentage.

The new Company law provides that limited liability companies can have upto 50 shareholders, and that the minimum share capital is €500.

Economic and Tax Information

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

• Average net monthly salary is €240
• Serbia has one of the lowest corporate profit tax rate in Europe.
• Percentage of population speaking English language is more than 40%

• 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