Legislation of Serbia

Service packages Legislation Tax System Audit Services

List of laws and regulations

Your Consultant
Поиск консультанта...

Поиск консультанта...

Tax treaties entered

Albania
Armenia
Austria
Azerbaijan
Belarus
Belgium
Bosnia
Bulgaria
Canada
China
Cyprus
Denmark
Egypt
Germany
Hong Kong
Georgia
Greece
Hungary
India
Indonesia
Iran
Ireland
Israel
Italy
Kazakhstan
Qatar
Korea
Kuwait
Latvia
Spain
Latvia
Libya
Lithuania
Macedonia
Malta
Moldova
Netherlands
Norway
UAE
Pakistan
Poland
Romania
Russia
San Marino
Singapore
Slovakia
and Vietnam
Croatia
Czech Republic
Estonia
Finland
France
Libya
Lithuania
Luxembourg
Macedonia
Malta
Moldova
Montenegro
Netherlands
Norway
Pakistan
Poland
Romania
Russia
San Marino
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
President of the Republic of Serbia
Government of the Republic of Serbia
National Bank of Serbia
Ministry of Finance
Fiscal Council Republic of Serbia
Business Registers Agency
Legislation online

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

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)

Need a consultation from a specialist?
Share on social media:

Banks of Serbia

Bank
The cost of opening an account, $
Global rating
Countrywide rating
GSL rating
3 500
N/A
N/A
RU EN