The company registration procedure requires taking the following actions:
Information/documents to be provided by the founder(s) for registration:
Upon successful completion of the registration, the company is required to open a bank account at the bank of its choice and provide all relevant documents regarding the shareholders and the entire ownership structure.
The company must provide extracts from the register, in original and with an apostille, for all the companies in the ownership structure down to the ultimate beneficial owner(s).
Serbian law sets a 15-day deadline for registering new companies with the tax office and submitting all necessary documentation.
Regarding taxation, the standard corporate income tax rate is 15%. Serbia has a 20% withholding tax, but this tax rate may be reduced depending on the type of income and the country to which the payment is made.
Regardless of where the employee actually works (remotely or in a Serbian office), such an employee will need a work permit. One cannot be employed by and work in a Serbian company without a properly obtained work permit.
Employees’ salaries must be paid in the local currency (Serbian dinar – RSD) from the company’s account at a Serbian bank to the employee’s account at a Serbian bank.
It is possible to obtain a work permit remotely, but employees will need to travel to Serbia to obtain a Serbian temporary residence permit.
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Services
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Fees (EUR)
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Total cost of company registration in Serbia
Includes: - support of the registration procedure; - drafting of all other documents required for the registration; - obtaining of an electronic signature for the company director for the Serbian Chamber of Commerce; - registration of ultimate beneficial owners in the Central Register of Beneficial Owners; - assistance with account opening at a local bank; - assistance with the registration with the Serbian tax office. Does not include: |
4 350
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Annual maintenance (starting from the second year), including the annual fee of the registered agent, but not including the Compliance fee
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3 610
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Office rent in Serbia
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from 800 / month
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Our fee for finding an office space (does not include the fee for drafting of a lease agreement)
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750
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The Serbian real estate agent’s fee, if any, is payable separately as invoiced by the agent (the fee of local real estate agents can equal 1–2 months’ rent)
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as invoiced by the real estate agent
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GSL agency fee in the case of signing of a lease agreement (one-time)
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10% of the annual amount
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Obtaining a work permit for employees (per 1 foreign employee)
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650
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Obtaining a Serbian temporary residence permit[2] (per 1 person)
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650
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Drafting an employment agreement and employee handbook (per 1 employee)
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2 500
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Preparation and submission of non-dormant financial statements
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100 – 400 / hour (based on time spent)
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Shipment of documents
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from 250
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Compliance fee
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder, - signing of documents. |
350 (standard rate, includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 450 (rate for high-risk companies, includes the check of 1 individual) 100 (signing of documents) |
[1] The fees are valid as of November 2024.
[2] It is required to be obtained by an employee along with a work permit. It can also be issued to the family members of an employee.