Serbia is currently a very friendly jurisdiction to register a company. The most pleasant advantage of this jurisdiction is that it allows you to register a company and open a bank account in one jurisdiction, which is not common to all jurisdictions.
First year of the operation is usually with 0% income tax.
|Type of company||Limited Liability Company|
|Relevant Companies Law||Company Act in Serbia No. 95/2018|
|Obligation to have the local office||Serbian law requires сompanies to provide a local office address.|
|Corporate tax rate||10%|
|Standard share capital||RSD 100 (appox.EUR)|
|Obligation to appoint company secretary||Not required|
|Obligation to appoint company director||Required|
|Obligation to appoint the local director||Not required|
|Minimum number of directors||1|
|Obligation to register shareholder||Required|
|Minimum numbers of shareholders||1|
|Obligation to prepare financial reports||Required|
|Obligation to submit financial reports||Required|