COREDO > Company Formation in Serbia

Company Formation in Serbia

Why Register a Company in Serbia

Serbia is a promising jurisdiction for international business, offering a low corporate tax rate of 15%, remote company registration, and access to the markets of the EU, CEFTA, the EAEU, Turkey, and China. The country provides flexible conditions for foreign entrepreneurs, including no residency requirements for directors and the possibility of obtaining temporary residence through company registration.

The COREDO team has been operating since 2016, providing full support for company registration in Serbia and other European jurisdictions.

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Cost of the service
from 1 150 EUR

Types of Companies in Serbia

D.O.O. (Društvo sa ograničenom odgovornošću)

The primary corporate vehicle for foreign investors. The minimum share capital is RSD 100 (approximately EUR 1). There is no requirement for the director or shareholder to be a Serbian resident, and no obligation to maintain a physical office. One founder minimum — an individual or legal entity of any nationality.

A.D. (Akcionarsko društvo)

Suitable for larger projects and public offerings. The minimum share capital is RSD 3,000,000 (approximately EUR 25,600). A minimum of one shareholder is required.

O.D. (Ortačko društvo)

Partners bear unlimited joint and several liability. A minimum of two partners is required. Suitable for professional services and family businesses.

K.D. (Komanditno društvo)

Combines general partners (unlimited liability) with limited partners (liability limited to contribution). A minimum of two partners is required.

For the majority of foreign investors entering the Serbian market, the optimal choice is D.O.O. — this form combines management flexibility with limited liability and minimal capital requirements.

Company Registration Procedure

Companies in Serbia are registered with the Serbian Business Registers Agency (APR — Agencija za privredne registre). The registration process follows seven steps:

Company name check and reservation.

Verification of name availability through the APR database and reservation of the chosen name.

01

Preparation and submission of documents to the APR.

Preparation of the Memorandum of Association, Minutes of the founding meeting, and other required documents. Filing with the APR.

02

Payment of state registration fees.

Payment of mandatory fees for registration with the APR.

03

Company registration and issuance of the certificate of incorporation.

The APR issues a registration decision with the company’s unique registration number (matični broj).

04

Tax registration and obtainment of the tax identification number (PIB).

Registration with the Tax Administration of Serbia for corporate income tax purposes.

05

Obtainment of a qualified electronic signature.

Required for filing reports and signing documents with government authorities.

06

Corporate bank account opening.

Opening of a business account with a Serbian bank for operational activities.

07

Physical presence in Serbia is not required at any stage of the registration process — the entire procedure can be completed remotely via a power of attorney.

Required Documents

To register a D.O.O. in Serbia, the following documents are required from the client:

High-quality copies of passports of all founders

Proof of residential address in English (utility bill or bank statement, not older than 3 months)

Description of the planned business activities (3–4 sentences)

Three preferred company names, listed in order of priority

Power of attorney (template provided by COREDO)

Prior to commencement of the registration procedure, a standard client due diligence (KYC/AML) check is conducted in accordance with applicable compliance and regulatory requirements.

Registration Timelines

Company registration in Serbia takes 4–5 weeks from submission of a complete set of documents. Additional procedures: VAT and EORI registration — approximately 2–4 weeks after company registration; electronic signature — approximately 1–2 weeks.

Opening a Bank Account

After registering a company in Serbia, it is necessary to open a corporate bank account. COREDO works with leading Serbian banks: Raiffeisen Bank Serbia, Alta Banka and API Banka. The timeframe for opening a corporate account varies by bank — COREDO assists with full documentation preparation and bank liaison.

A Temporary Residence Permit (TRP) for the director is strongly recommended to ensure uninterrupted work with local banks and full operational capacity. COREDO provides full TRP accompaniment as an additional service.

More details about banking services are available on the page opening a bank account in Serbia.

Cost of Services

The cost of COREDO’s company formation package in Serbia (D.O.O., single participant) is EUR 1,150 + VAT. The package includes: company registration with payment of mandatory state fees, local contact person in Serbia, Memorandum of Association, Minutes of the founding meeting, and certificate of incorporation.

Additional services: remote registration (no personal presence required) — EUR 360, registered legal address — EUR 1,450/year, TRP support (full accompaniment) — from EUR 1,200, EORI number application — EUR 660, VAT number application — EUR 660, qualified electronic signature — EUR 230, corporate bank account opening — EUR 2,000, apostilled registration documents — EUR 1,020, virtual office (monthly) — EUR 540, accounting services — from EUR 180/month.

Tax System of Serbia

Serbia offers one of the most competitive tax regimes in Europe. The corporate income tax (CIT) rate is 15%. The standard VAT rate is 20%; VAT registration is mandatory upon exceeding an annual turnover of RSD 8,000,000 (approximately EUR 68,000), or voluntary at an earlier stage. Capital gains are generally taxed at 15%, with exemptions available for assets held for more than 8 years. Tax incentives are available for start-ups, IT companies and qualifying investors.

Serbia has concluded double taxation agreements with numerous countries, reducing the effective tax burden for companies engaged in international operations.

Our Experts

The COREDO team has been operating since 2016 and possesses deep expertise in company formation across various European jurisdictions.

Nikita Veremeev

Founder & NED of COREDO. Founded the company in 2016 and personally oversees the strategic development of the business across dozens of jurisdictions.

Pavel Kos

Head of Legal. Has been with the COREDO team since June 2017, responsible for legal support of corporate projects and company registration.

Basang Ungunov

Lawyer. Has been with the COREDO team since June 2022, specialising in legal support for company registration and structuring across various jurisdictions.

Frequently Asked Questions

Does a founder need to be a resident of Serbia to register a company?

No, Serbia imposes no residency or nationality requirements on shareholders or directors. Foreign citizens can register a company on the same terms as residents of the country. The entire process can be completed remotely.

What is the minimum share capital for a D.O.O. in Serbia?

The minimum share capital for a D.O.O. is RSD 100 (approximately EUR 1). There is no obligation to deposit additional capital unless the company’s articles of association provide otherwise.

How long does it take to register a company in Serbia?

Registration of a D.O.O. in Serbia takes 4–5 weeks from submission of a complete set of correctly prepared documents, including all post-registration procedures (tax registration, electronic signature).

Is physical presence in Serbia required for registration?

No, the entire registration process can be completed remotely via a power of attorney. COREDO handles all interaction with the APR and other government bodies on behalf of the client.

What are the mandatory VAT registration thresholds in Serbia?

VAT registration is mandatory upon exceeding annual turnover of RSD 8,000,000 (approximately EUR 68,000). Below this threshold, voluntary registration is available if required for business operations.

Can company registration lead to a residence permit?

Yes, registering a company in Serbia opens a straightforward pathway to a Temporary Residence Permit (TRP) for the director. COREDO provides full TRP support as an additional service.

Contact Us

COREDO specialists provide full support throughout the company formation process in Serbia — from document preparation and APR filing to tax registration, electronic signature obtainment, and bank account opening. We have been operating since 2016 and help entrepreneurs from dozens of countries successfully build business structures in Europe and beyond.