| LLC | Free Zone LLC | PLC | Rep Office | Branch Office | |
|---|---|---|---|---|---|
| Local Name | Doo | Zona Slobodne Trgovine DOO | AD | Predstavništvo | Filijala |
| Company Setup Time | 10 days | 15 days | 15 days | 20 days | 20 days |
| Bank Account Opening | 10 days | 10 days | 10 days | 10 days | 10 days |
| Government Grants Available | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | No | No |
| Limited Liability | Yes | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Serbia Limited Liability Company (Društvo sa Ograničenom Odgovornošću)
- Requires at least one director and one shareholder of any nationality. A minimum paid-up share capital of EUR 1 is needed to set up a Serbian LLC. The appointment of a company secretary is required.
- Requires the appointment of a representative with Serbian nationality and its also needed to appoint a registered auditor to perform annual audits. There is also a mandatory local registered office address, which must maintain the statutory and accounting records of the company.
Serbia Public Limited Company (Akcionarsko Društvo)
- A PLC must have at least 3 directors and 1 shareholder from any given nationality. The required minimum shared capital is EUR 25,000. Before the company’s registration, 25% of the capital must be paid and a secretary of the company must be appointed.
- A PLC must appoint a corporate representative who is supposed to be a natural person. When listed on the Belgrade Stock Exchange, a Supervisory Board composed of at least three members is required.
- The PLC must appoint an auditor and submit annual audited financial statements. All documents must be translated into the Serbian language.
Serbia Branch Office (Podružnica)
- Foreign organizations may set up a branch office, it requires a representative and a legal address in Serbia. A branch can conduct revenue-generating activities. However, under such a structure, in the event of losses, all liability falls on the parent company.
Serbia Representative Office
- This entity can not conduct any direct revenue generating commercial activity.
- A representative office can engage in market research and promote the parent company’s business.