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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
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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.

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