Carrying out activities in the form of an entrepreneur is recommended for activities that require individual business involvement and a smaller volume of business activities, and this form is particularly applicable in the IT industry. Unlike a limited liability company, where there is a separation of legal subjectivity between the founders/members and the company itself (which results in the limited liability of the members for the possible obligations of the company), in the form of an entrepreneur there is no such separation, which results with outcome where private individual – the entrepreneur is responsible with his own property for all obligations.
What is the advantage of the entrepreneur form are the lower costs of incorporation and business operations, and in that sense, depending on the needs of the particular business, this type of engagement is justified.
There is no minimum share capital.
The process of a Serbian company incorporation takes around 1 week if all the documents are properly submitted and on time.
Not applicable
Not applicable
The Republic of Serbia has 61 Treaties on the avoidance of double taxation signed. Most of the Treaties have been signed with European countries.
A local registered office address is also mandatory for Serbia business setup. This address must maintain statutory and accounting records of the company.
Local director is no required.
A qualified electronic signature is specifically required for signing documentation related to the obligations before tax authorities.
No.
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.
Yes, numerous tax incentives and exempts have emerged in the Serbian business environment in the past couple of years,