How to open a LLC (DOO) company in Serbia?

Documents and procedure required for registration with the business registers for limited liability company

We have tried to summarize all neccesary information regarding registration of a LCC (DOO) in Serbia.

An application has to be submitted on a duly completed form provided by the Law on registration on Commercial Entities with the following enclosures:

[icon name=icon_like_alt] Memorandum of Association – to be prepared by the Law Office, both in Serbian and English language (if necessary)

Please note: The signature of the founder must be certified by the court. In case the legal representative of the legal entity founder or natural person founder cannot be present in Belgrade in order to verify its signature, the Law Office may be empowered for this activity. Accordingly, you will be provided with the appropriate Power of Attorney.

[icon name=icon_like_alt] Documents related to the founder:

• In case of the legal entity founder: Excerpt from the business register – original document. Certified    translation of the same document in Serbian language shall be provided by the Law Office court translator
• In case of the natural person founder: photocopy of the passport.

Please note:  In case of legal entity founder, the Law Office need to be provided with 2 (two) excerpts from the business register – in original.

This is for the following reason: the other excerpt must be submitted to the commercial bank when opening the newly incorporated company bank account, pursuant to the Law on the prevention of money laundering and the financing of terrorism. According to said Law it is necessary to provide the bank with the documents of the founders who owns 25% of the company shares.

[icon name=icon_like_alt] Resolution on Appointment of Director of the Company

This can be incorporated into Doc. Item 1, but we suggest not to. It is more practical to have the separate decision on appointment of director/s) – to be prepared by the Law Office, both in Serbian and English language (if necessary)

[icon name=icon_like_alt] Specimen of the authorized signatures

Please note: The director’s signature must be certified by the court. For this very reason, and because Serbian regulations determines the specific form of this verification of the legal representative’s signature, this person need to be present in Belgrade for this purpose.

[icon name=icon_like_alt] Receipt of paid initial capital – issued by the bank

[icon name=icon_like_alt] Business Premises Lease Contract  – to be prepared by the Law Office

[icon name=icon_like_alt] Receipt of duly paid fee for registration of the company with the register

Procedure following registration

Please note: The newly incorporated company shall be provided with its Tax identification number (PIB) and registered company number within the incorporation act issued by the register.

1. Making the company seal;
2. Bank selection and entering into the opening of the bank account contract;
3. Obtaining VAT identification number at the Tax Administration (PDV) – to be provided by the bookkeeping agency;
4. Submitting the application form at the Tax Administration – to be provided by the bookkeeping agency;
5. Obtaining temporary residence permit for the director/legal representative in case of foreign person who shall be present in Belgrade.

Please note: All of the above steps usually take 7-15 days.