Serbia-Limited Liability Company

SERBIA – European country which has a fast-growing economy and very good laws for foreigners who intend to live in it. Serbia is not in the EU, but that is why it offers a large number of benefits for those who whant to open a company or become residents of this country.

Company formation in Serbia

Limited Liability Company

LLC or in Serbian (DOO) is the most popular form for starting new business. It opens up wide range of opportunities that can be very important and beneficial later on when doing business in Serbia.

As in most other countries Due to its flexibility, this business model is best for small and medium-sized companies

The director of the company does not have to be a citizen of the Republic of Serbia and if he wants, he has the right to apply for residency

 Benefits of Serbian LLC

  • Founding capital 1 euro
  • Time required for establishment 7 days.
  • Only the basic documentation for the establishment is needed.
  • It can be opened without the presence
  • 15% corporate and dividend tax
  • Company is required to appoint a qualified accountant.
  • Director of LLC doesn’t need to be citizen of Serbia

Tax obligations

LLC is a tax subject and all income generated through company is subjected to 15% corporate tax

After registering a company in Serbia, a foreigner should remember that even if the company does not conduct economic activities this does not exempt a foreigner from making tax reports (even with 0 profit) and paying other taxes, such as corporate and personal income tax on their employees.

The basis for the corporate tax is only the company’s net earnings. In other words, the corporate tax is only paid on the amount obtained when expenses are deducted from income.

In case of bankruptcy, shareholders of LLC are not obligated to pay the company’s debt with their own assets.

If you are resident of the country by which the Republic of Serbia has concluded a Double Taxation Avoidance Treaty you can optimize taxation in order to reduce operation costs.

Maintenance costs

Some of the main costs that foreign companies have while doing business in Serbia are accounting and address costs for their office.

Qualified accountant must be appointed so that the company can function properly.
Companies that have a minimum number of transactions, pay 50 euros per month.
Companies with an average number of transactions pay up to 100 euros per month.

Cost of virtual address is 50 euros.
And those who want to have physical address price varies from 150 to 200 euros for small office space in Belgrade.

Corporate bank account

Together with the company, two bank accounts are opened at the same time in order to enable uninterrupted business.

For those who form company big advantage is that Serbia doesn’t sign CRS so you will have full privacy while having transactions.

The process consists of several key stages:

  • Preparation and notarization of documents
  • Assistance when opening personal and corporate bank account
  • Company registration in the Business Registry Agency

Documents that are needed:

  • Passport copy of shareholder/director
  • Prof of address
  • POA in case of remote service


Company can appoint up to 5 directors.

Yes, foreigners are allowed to register multiple companies.

Maximum is 3 months.

Our principles of work

Information handling requires a responsible approach, so we always inform you in advance about the upcoming steps and documentation that is required, so you can plan your schedule and enjoy your time.
After the job is done, we don’t turn our backs on you and we don’t charge premium for further consultations.
Even for everyday challenges you stumble on in Serbia you can always ask us for advice and we will be happy to assist.

Wish you luck and achievement of future plans! See you in Serbia!

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