Limited Liability Company ( D.O.O.) in Serbia
The limited liability company (društvo sa ograničenom odgovornošću) in Serbia can be set up by foreigners interested in doing business in the country. DOO is the most popular business structure in Serbia. Our team can handle the registration process with the authorities in charge and can also represent the company’s activities legally.
LLC registration conditions
The registration procedure starts with the submission of application. Along with it, the needed documentation and proof of payment of the prescribed fees are submitted straight at the Agency for Business Registers headquarters in Belgrade, to one of the organizational units or post office. The founder submits the registration application for establishment. The submission can be done by a person approved by the founder, in which case it is needed to enclose a power of attorney.
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Register Limited Liability Company (DOO) in Serbia jurisdiction with our professional assistance. We will help you open a company remotely and give you valuable advice on taxes and accounting.
When choosing the main activity of the LLC, the entrepreneur must consult the laws on the classification of company activities and on the registry of categories. This is mandatory because approvals need to be received from the competent authorities according to the field of activity. At least 1/2 of the minimum share capital must be transferred in a temporary bank account.
Timeline
DOO can be registered within 5 business days from submitting the required documents. Timing necessary for preparation, notarization, legalization and collection of needed documents depends on different circumstances, but it usually takes two to three weeks.
Fees
The registration fee to be paid to the account of the Business Registers Agency is in the amount of RSD 4.900,00, and the registration and publication fee of the founding act, which stands at RSD 1.000,00.
Compulsory regulation
The Law on Companies requires that companies have legal representatives and other representatives. For legal representatives, the law prescribes which persons or functions are there in each of legal forms. Therefore, you must consider that only those functions that are provided by law can be entered as legal representatives in each individual form. With other representatives, it does not register functions. However, this does not prevent business from appointing a certain person to a certain function within the company in the company’s internal acts.
Documents
For the establishment of DOO in Serbia, it is necessary to enclose the following documentation (in the original, certified transcript or certified photocopy):
- single registration application for the establishment of company and other entities and entry in the single register of taxpayers – limited liability company, which can be downloaded from the official website of APR.
- founding act of the company with certified signatures of the company’s members,
- proof of identity of company members ,
- decision on the appointment of a representative, if not determined by the founding act,
- bank confirmation of payment of the cash deposit if the deposit is paid to the company before the establishment, or agreement of members on the assessment of the value of the non-monetary contribution, or assessment of the value of the non-monetary contribution if the investment is introduced into the company before the establishment,
- proof of payment of the fee for registration of company and proof of payment of the fee for registration and publication of the founding act.
Consultation about Limited Liability Company registration
Our consultation services aim to assist you with the entire process of setting up your business as a Limited Liability Company in Serbia. Our experienced advisors will help you with everything from completing the initial paperwork to securing the required permits and registrations, ensuring a seamless and effective process. We offer tailored advice on legal obligations, share capital, and company structure to enable you to make well-informed decisions that are in line with your business objectives.
Ownership management
Managing the ownership of a Limited Liability Company can be complicated yet essential. Our services involve managing changes in ownership, overseeing beneficial owners, and facilitating ownership transfers. We guarantee that all ownership modifications are accurately recorded and adhere to current regulations.
Corporate structure changes
As your company grows, your corporate structure may also need to evolve. We offer a range of services to help you make any necessary changes, such as updating directors or nominee information, in a seamless and efficient manner.
Share capital management
Monitoring your company’s share capital is essential for its financial well-being. Our services can assist you in adjusting, decreasing, selling, and transferring share capital, guaranteeing all transactions are done accurately and within legal guidelines.
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