When looking for a jurisdiction in which to incorporate, the first thing to look at is the legal code. The body of law in Serbia is civil law law. You will want to get some local advice as to how to best structure a company in Serbia. One is permitted to electronically sign documents.
The abbreviation RS is for Serbia and the most common company type type in Serbia is a LLC (DOO).
The average time to incorporate is 3 weeks to setup a LLC (DOO) in RS. The minimal capitalization is 0, This means you don't have any minimum share capital. The types of consideration you can use to fund your company is often RSD and any legal currency.
Yes, one is allowed to re-domicile a LLC (DOO) from RS. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LLC (DOO) in RS by yourself. Corporate Shareholders are encouraged, which means you can have a corporate shareholder. Foreign ownership is encouraged, up to % of the total shareholding.
A company is only required to have one director. Moreover, corporate directors are permitted. Directors should not expect to be private, as they are disclosed. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered agent is normally required, which means the company will have to pay a fee on a yearly basis, for a legal services company which can receive a service of process on behalf of the registered legal entity. A related requirement, a corporate secretary is required by law.
There is an obligation to file yearly tax returns. Furthermore, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Serbia, Serbian Business Registers Agency. Shareholders are disclosed in the Serbian Business Registers Agency.
Typically companies take 3 weeks to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Serbia is a ok option and have given it a score of 40 as an IO score, using the Incorporations.IO proprietary formula.
3 weeksto form