Overview of incorporation of an LLC in Serbia
|
1.
Preparation of the Incorporation Act
1-5 days
|
2.
Opening of a temporary bank account in Serbia
1 day
|
|
|
3.
Deposit of at least ½ of the incorporation (paid-in) capital in the
temporary bank account
1-2 days
|
4.
Submission of the registration application to the Agency for Commercial
Registers
1 day
|
|
|
5.
Registration of the company as a legal entity – the company receives an ID
number
5 days
|
6.
Registration of the company with the Tax Authority – the company receives
a Tax ID number
15 days
|
|
|
7.
Opening of a permanent corporate bank
1-2 days
|
8.
Registration with the pension insurance institution
1 day
|
|
|
9.
Registration of employees with the health insurance institution
|
||
Comments on the incorporation of an LLC in Serbia
| 1. |
The Incorporation Act (agreement or a decision) must be signed and
notarised at the competent court; the Incorporation Act must contain the
address of the founder, the address, business and founding capital of the
company and the resolution appointing the authorised representative of the
company (General Manager).
|
| 2. |
The temporary account is to be opened only for the purpose of depositing
the incorporation or paid-in capital. (Note: the information on the
time-frame needed for points 2 and 7 was obtained from Raiffeisen Bank).
|
| 3. |
The minimal paid-in capital is EUR 500.00; at least 50% of the paid-in
capital must be deposited prior to foundation of the company. The other
50% must be paid within the term of two years from the date of
registration of the company.
|
| 4. |
In addition to the application, the following documentation needs to be
submitted: proof of the identity of the founder, with a notarised
signature; the founding act with notarised signatures; proof of deposit of
the incorporation capital; decision on the appointment of the General
Manager and his notarised signature. The registration fee is CSD 3,600.00
(app. EUR 40.00).
|
| 5. |
The fee for the ID number is CSD 1,270.00 (app. EUR 15.00). The company is
considered to be incorporated upon inscription in the Commercial Registry.
|
| 6. |
The tax ID number must be obtained within 15 days from the registration;
if the company exceeds this limit, it is considered as acommercial
infraction, and the company may be fined.
|
| 7. |
No comment
|
| 8. |
No comment
|
| 9. |
No comment
|
