info@247bizsupport.com
Lomina 20, Belgrade
+381 67 746 41 08

COMPANY FORMATIONRegistration of
Individual Entrepreneur

Start, Run And Protect Your Business.

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.

Frequently Asked Questions

What is minimum share capital?

There is no minimum share capital.

How long does it take to incorporate in Serbia?

The process of a Serbian company incorporation takes around 1 week if all the documents are properly submitted and on time.

What is the rate of corporate tax?

Not applicable

How much is dividend tax?

Not applicable

How many double tax treaties does Serbia have?

The Republic of Serbia has 61 Treaties on the avoidance of double taxation signed. Most of the Treaties have been signed with European countries.

Registered address is it obligatory?

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 required?

Local director is no required.

E-signature required?

A qualified electronic signature is specifically required for signing documentation related to the obligations before tax authorities.

Is accounting/annual return required?

No.

Foreign-ownership allowed?

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.

Any tax exemptions available?

Yes, numerous tax incentives and exempts have emerged in the Serbian business environment in the past couple of years,

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Lomina 20, Belgrade
+381 67 746 41 08
info@247bizsupport.com

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COMPANY INFORMATION

*Company Name: 247 BUSINESS SUPPORT DOO *Company Number: 21826600 *Tax Identification Number: 113223196

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