Can I open a company in Serbia?

The legal entity in Serbia can be established by any person – private or legal person, regardless of citizenship. The possibility to establish a business entity in Serbia, is the same for everyone, without any limitations or special conditions regarding the country of origin.

How do I set up a business in Serbia?

Fill out the application form for business registration with the Serbian Business Registration Agency. Open a bank account for the minimum share capital and for future financial operations. Apply for special licenses and permits before starting the activities in Serbia.

What business can I do in Serbia?

The major contributors to the economy of Serbia are the Construction Industry, the Mining Industry, the textile industry, the chemical industry, the pharmaceutical industry, the automobile industry, the food processing industry and the agriculture sector.

Can US citizens buy property in Serbia?

CAN FOREIGNERS BUY PROPERTY IN SERBIA AS LEGAL ENTITIES? Foreign legal persons, just like foreigners natural persons, can buy property in Serbia. Also, foreign legal and natural persons have one of the most important features in common – they both have to fulfil the condition of reciprocity.

Is Serbia good for business?

The cost-effectiveness of Serbia as an investment destination is among the top appeals for expanding businesses. With a 15\% flat rate of corporate tax and the lowest rate of salary tax and VAT among its East European counterparts, the cost of operating in Serbia is among the lowest in Europe.

How long can foreigners stay in Serbia?

90 days
They no longer need to have a passport for entering Serbia. People from these countries who visit Serbia with valid ID cards will be able to stay in the country for up to 90 days.

How strong is Serbian passport?

As of 11 October 2021, Serbian citizens had visa-free or visa on arrival access to 136 countries and territories, ranking the Serbian passport 37th overall in terms of travel freedom according to the Henley Passport Index.

How much does it cost to build a house in Serbia?

Average prices of new construction dwellings in the Republic of Serbia in the first half of 2021 amounted to RSD 179 852. Dwellings’ prices in the observed period ranged from RSD 53 382 per m2 in Bujanovac up to RSD 373 406 in Belgrade municipality Savski venac.

How to set up a business in Serbia?

The LLC is the most common business entity in Serbia. This entity must appoint at least one director and one shareholder, who can be of any nationality. The minimum paid-up share capital required to setup a Serbian LLC is only €1. A company secretary must also be appointed.

What are the legal requirements to set up a Serbian LLC?

The Serbian LLC should also appoint a registered auditor as the company is legally obliged to carry out an annual audit. A local registered office address is also mandatory for Serbia business setup. This address must maintain statutory and accounting records of the company.

What is a branch office in Serbia?

A branch office of a legal entity represents the separate organizational part of a domestic company on the territory of the Republic of Serbia through which it leads its business. The branch office is not considered a legal entity.