In cooperation with reputable law firms, 24/7 Business Support platform provides comprehensive support to its clients when setting up a limited liability company on a turnkey basis. The Serbian limited liability company (LLC) is widely used for starting a business in Serbia. It is a legal entity where all the shareholders have a limited liability, based on their contributions and it is suitable for small and medium businesses. For a private limited liability company in Serbia, the founders must provide a minimum share capital of RSD 100,00, i.e. EUR 01,00.
This is one of the most attractive forms of business, first and foremost because of the minimal capital needed (100,00 RSD)
There must be a minimum of 1 shareholder.
The process of a Serbian company incorporation takes around 3 weeks if all the documents are properly submitted and on time.
In Serbia corporate tax rate is 15%.
Dividend tax is 15% and the taxable base is 85% of the profit (profit after corporate tax).
The standard VAT rate is 20% for most taxable supplies. A reduced VAT rate of 10% applies for basic food stuffs, daily newspapers, medicines, publications, public transportation services, utilities, etc.
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.
Yes, because anonymity enables many illegal activities, such as tax evasion, corruption, money laundering, and financing of terrorism, to take place out of the view of law enforcement authorities.
No, there are no restrictions with regard to a nationality of a director.
A qualified electronic signature is specifically required for signing documentation filed to the Serbian Business Registers Agency, e.g. for the submission of the registration form for incorporation of the company, registration of an ultimate beneficial owner or submitting annual financial statements
Yes.
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,