GSL / Offshore and International Law. Offshore companies registration. / Offshore zones / Eastern Europe / Serbia / Legislation of Serbia

Legislation of Serbia

Service packages Legislation Tax System Audit Services

List of laws and regulations

Act name
Scope of law
Companies Act
Companies
Law on Foreign Investment
Foreign Investment
Law on cooperatives
Cooperatives
Law on the Central Records of Beneficial Owners
Central Records of Beneficial Owners
Law on the Prevention of Money Laundering and the Financing of Terrorism
AML
Law on Free Zones
Free Zones
Law on Audit
Audit
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Singapore
Slovakia
Slovenia
Spain
Sri Lanka
Sweden
Switzerland
Tunisia
Turkey
UAE
Ukraine

Tax Exchange Information Agreement (TIEA)

No

List of state regulatory authorities

National Assembly of the Republic of Serbia
http://www.parlament.gov.rs/
President of the Republic of Serbia
https://www.predsednik.rs/en
Government of the Republic of Serbia
https://www.srbija.gov.rs/
National Bank of Serbia
https://nbs.rs/sr_RS/indeks/
Ministry of Finance
https://mfin.gov.rs/en
Fiscal Council Republic of Serbia
https://www.fiskalnisavet.rs/english/index.php
Business Registers Agency
https://apr.gov.rs/home.1435.html
Legislation online
https://legislationline.org/

Corporate info

Legal system
Romano-Germanic
Types of entity
- General Partnership (Ortačko Društvo, OD);
- Limited Partnership (Komanditno Društvo, KD);
- Limited Liability Company (Društvo s Ograničenom Odgovornošću, DOO);
- Joint Stock Company (Akcionarsko Društvo, AD)
Shelf companies permitted
Yes
Incorporation timescale for a new company
From 15 days
Company suffix
The name must contain the name of the company, the legal form and the location of the company
Sensitive words
The company name must not offend public morals; must not lead to confusion as to the legal form of the company; may not lead to a misconception of the predominant activity of the company
Cyrillic alphabet permitted in company name
Yes
Local registered office
Yes
Local registered agent
Yes
Information to be kept at the registered office
Corporate documents, reporting
Seal required, type of seal
Not required
Redomiciliation (to, from) permitted
Not permitted

Director and secretary

Minimum number of directors
1
Residency requirements for directors
No
Corporate directors permitted
Yes
Directors’ meetings/frequency/location
No restrictions
Disclosure to local agent
Yes
Disclosure to public
Yes
Company secretary required
If it is defined by statute
Residency requirements for a secretary
No
Qualified secretary required
No
Corporate secretary permitted
Yes
Offers
Opening a Serbian Bank Account. Service offer

General information about the bank. Basic bank fees. Account opening – characteristics, stages, and documents. Fees.

from USD 3

Buy

Shareholder and beneficiary

Minimum number of shareholders
1
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
No restrictions
Disclosure to local agent
Yes
Disclosure to public
Yes
Beneficiary info disclosure to
Yes

Shares and share capital

Minimum authorized share capital
No
Minimum issued share capital
100 RSD
Minimum paid share capital
100 RSD
Authorized capital payment deadlines
When registering
Issued capital payment deadlines
When registering
Standard currency
RSD
Standard authorized share capital
100 RSD
Standard par value of shares
1 RSD
Shares with no par value permitted
No
Bearer shares permitted
No

Taxes

Personal tax
10%-25%
Сorporate tax
15%
Corporate tax (in detail)
The standard income tax rate is 15%
Capital gains tax
15%
Capital gains tax. Details
The normal rate
VAT
20%
VAT. Details
The standard rate is 20%. There are preferential rates: 0% and 10%
Withholding tax
20% (dividend), 20% (interest), 20% (royalty)
Other taxes
Social Security Contributions, Real Estate Tax, Asset Transfer Tax
Exchange control
Yes
Government fee
No
Stamp duty
No

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
No
Requirement to file Annual Return
Yes
Publicly accessible Annual Return
Yes
Audit required
Yes

General information shortly

Location
Located in southeastern Europe, in the central part of the Balkan Peninsula, is landlocked
Total area
88 499 sq. km.
Population
6 926 705 (2020)
Capital
Belgrade
National currency
Serbian Dinar
Conditional reduction of currency
RSD
Against USD
0,0085
Climate, average max and min t°
Moderate continental climate
Time difference from Moscow
- 1 hour
Dialing code
+381
State language
Serbian
Ethnic groups
Serbs are the largest ethnic group (83%), followed by Hungarians (3.9%), others are Bosnians, Roma, Albanians, Bulgarians, Montenegrins, Macedonians, Slovaks, Ruthenians, Vlachs, Romanians
Literacy rate
98,5 (2019)
History
—
Credit rating
BB+
Government type
Parliamentary republic
Executive branch
President, Government (20 members) headed by the Prime Minister
Legislative branch
Parliament - People's Assembly (250 deputies)
Judicial branch
Courts of the republican level: Constitutional Court, Supreme Court of Cassation, Arbitration Court of Appeal, etc. Courts of general jurisdiction: main courts, higher courts, courts of appeal, Supreme Court of Cassation
Unemployment
12,1 (2019)
GDP per capita rank
76 (2020)
Corruption perceptions index rank
38 (2021)
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Banks of Serbia

Bank
The cost of opening an account, $
Global rating
Countrywide rating
GSL rating
Bank of Serbia
3 800
N/A
N/A
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