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Would you like to start business and register company in Serbia? Our Law office Belgrade for incorporation company will inform you how to do it on simplest way.

Nowdays, it isn`t so complicated to incorporate and register company in Serbia. All procedures of incorporation and registration company at competent authority can can be done for 2 works days. First question which you ask yourself and your Law office Belgrade for incorporation company is about form of company. If it`s small or medium business which you want to start-up alone or with several partners the best solution is to opt for Limited liability company. This form of company is the most represented in Serbian business activities.

LIMITED LIABILITY COMPANY – MAIN CHARACTERISTICS

As main adventage of Limited liability company (LLC) is that members of LLC don`t response for company`s obligations with own property. At this form of company the members are the most protected because theirs own property can`t be subject to claim for company`s obligations. Oftenly, LLC has small group of members, one, two or three persons, who are linked by friendly relationships.

In the form of LLC members can perform all business activities, except activity of banks and another specialised financial activities. On other side, LLC can`t attract huge capital in the process of sharing equity interests to third persons, as is the case with the Joint-stock company. However, at LLC it`s not a drawback because the founders of LLC want as business partners only several persons in which they have a lot of trust.

THE PROCEDURE OF INCORPORATION (REGISTRATION) LLC

Incorporation of LLC, as all others forms of companies, does at Serbian Business Registration Agency (SBRA). In Serbian Business Registration Agency there is list of all registered companies where are written all relevant data and their later changes about LLC. The procedure of registration can be done very quickly and company can be registred for only 2 works days after application.

Before you start with incorporation of business, you should choose the business name of company – the registered name. This registered name includes three elements: the company name, the legal form and the city where the company`s registered office is situated. The company name must be original because you should choose some company name which has not been previously registered at Serbian Business Registration Agency.

WHICH DOCUMENTS YOU NEED FOR REGISTRATION OF LLC?

1) Application for registration which is filled with data of your company

2) Instrument of incorporation which can be made in the form of decision on incorporation if company has only one member or in the form of memorandum of association if company has two or more members. Instrument of incorporation should be made in written form and the signatures of founders (members) should be certified at Public Notary. Decision on incorporation/memorandum of association should includes the most important data about LLC, as the name and residence of founders, the registered name of company, the adress of company`s registered office, the business activity, the amount of company`s share (registered) capital, the contributions, the equity interests and others. For making this instrument of incorporation the best solution is to provide professional legal service from Law office  Belgrade for incorporation company (registration).

3) The proof of identity for company`s founders: a) for Serbian nationals founder – copy of identity card b) for foreign nationals founder – the copy of passeport c) if the founder is legal entity – original extract from the commercial registry

4) The proof of payment: fee for registration of incorporation company – 4.900,oo dinars (40 euros) and fee for registration and publication instrument of incorporation – 1.000,oo dinars (9 euros)

HOW IS THE MINIMUM AMOUNT OF COMPANY`S SHARE (REGISTERED) CAPITAL FOR LLC?

The minimum amount of company`s share (registered) capital for LLC is 100 dinars (1 euro). The company share (registered) capital is formed by the contributions of founders. The contributions in company may be in money and in kind (in assets and in rights) and shall be expressed in dinars. In the moment of registration LLC the founders has a legal options to only register their contributions and, in accordance to law, that within a five years to pay in or make a certain contribution in company. According to that, it`s possible to register (establish) LLC without paying any dinars (euros) in the moment of registration!

WHAT IS THE NEXT STEP AFTER REGISTRATION OF COMPANY?

After you got a decision of founding company, next step is to make a stamp for company. This service provides many Sealmakers for a fee of 1.500,oo to 4.000,oo dinars (12 to 35 euros) depending on number of words, design and the like. After that, it should open permanent bank accounts (in dinars, euros and dollars) in some commercial bank. When finish with this formalities, the members of limited liability company can hire a Accounting house for keeping their business books and for registering of addopted finance reports before Serbian Business Register Agency.

For more informations and professional legal service in the domain of  company law please contact our Law office Belgrade for incorporation company.