Incorporating a business in Serbia

Incorporating a business in Serbia

To incorporate a business in Serbia even, a franchise, you must follow the following steps:
1. Complete the form RJR-1, Form OP, Forms M1 and M4
2. Notarize the memorandum of association and the lease in court
3. Open a bank account, pay the deposit in the foundation or its part and all other charges
4. Get the Certificate of Registration of company records Agency
5. Get GDP - tax identification number at the Municipal Hall; certify firms for opening bank account
6. Registration of contracts of employment with the Organization and the Global Employment
7. Get certified PIO Fund (pension fund)
8. Obtain certificate Health Fund
In Serbia the legal usual form is a limited liability company. A shareholder may only have a stake in the company, which is expressed as a percentage. The value of contributions in kind can be evaluated by the shareholders. Social capital may consist of cash and in kind contributions such as equipment, goods, know how and in accordance with the new law, labor and services.
At least half the capital must be paid before registration of the company and the other half is payable within two years of registration. The new company law requires limited liability companies can be from 1 to 50 shareholders, and that the minimum share capital is € 500.
At the same time, labor costs are low and there are numerous tax incentives for investors. Serbia has today the most vital part in the Balkan region. Because of its emerging potential and very low operating and labor costs, Serbia will soon be acting as the center of this region in terms of economics and international business. Serbia has one of the lowest tax rate on corporate profits in Europe.
Financial Information
The cost of labor in Serbia is significantly lower than in most countries of Central and Eastern Europe.
The average net monthly salary is € 240
Percentage of population speaking English in a professional language is over 40%
Tax Information
The tax regime in Serbia is conducive to investment, with the following features:
1 - One of the lowest tax rate on corporate profits in Europe by 10%
2 - Tax credits for investment in fixed assets up 80% of the value of assets
3 - A 10-year tax holiday for investments of € 7,500,000 or more
4 - Government subsidies, tax breaks and other incentives to create new jobs