Serbia is a popular destination for entrepreneurs as the country is developing at a tremendous speed to become a business hub. It adopts new laws and creates excellent infrastructure to attract as many foreign investors and entrepreneurs as possible. It is quite a respectable European jurisdiction where you can have European-quality services (including the banking sector) at prices that are not as high as on average in Europe. What is more, starting a business here gives you an opportunity to easily obtain a residence permit – and become a Serbian citizen in some years. As Serbia is going to join the EU soon, this is a good opportunity to get an EU passport with only one drawback: it is still nothing more than an opportunity.
If you want to read more about present-day Serbia, you can do so here. The experts of our portal write up-to-date articles about this jurisdiction as it is in high demand. Read about Serbian business, banking for personal and corporate needs, peculiarities, and lifestyle, or book a session with our expert to discuss your preferences. The first session is free, and if you doubt the choice, we will help you at no charge: Serbia is not the only good destination, and there are cases in which we recommend other jurisdictions as they are simply more suitable. And if you want our assistance in buying a ready-made company, we will do so for a reasonable fee!
Ready-to-Operate Company in Serbia: Advantages
If you need to start a business really quickly, you can buy a ready-made Serbian company with a bank account – and it will be much easier to do it in Serbia than in any other country. You may also come across the term “shelf company”, and it is called so because this is a company kept “on the shelf” to take out whenever you need it.
Of course, the main benefit is the speed: if you get in touch with us now, you will become a company owner in a matter of hours! You will buy an existing company (that is, it is registered as a separate legal entity) that is run by a Serbian director and has a fully operational local bank account. However, it does not carry out any business operations.
The second benefit is the ultimate simplicity of the procedure: you will need to fill out and sign the
purchase and sale agreement and inform the bank about the changes, and the company is yours! You will only have to make a decision about the director. As we have said above, the company officially has a local director, and you can keep him/her to run the company on-site and manage the arising issues more efficiently or put your name in the agreement to become a director and manage the company remotely (or on-site if you decide to relocate to Serbia).
We will not hide from you, however, that the administrative machine works a little slower: while you can become a company owner today, you will need to wait a little longer for the bank and the business register to make the changes.
Here are some other benefits of the Serbian shelf company:
● The ready-to-operate company will entitle you to immediately apply for a Serbian residence
permit.
● Monthly business maintenance costs are much lower in Serbia than in other European countries: you can do with 200 euros.
● Serbia has good business ties with major international partners, such as the US, China, Russia,
and all European countries. This is an important factor as it gives you an opportunity to develop
your business in any direction.
● Serbia has a well-thought-out taxation system, and tax rates are in no way exorbitant.
We highly recommend taking advantage of an opportunity to obtain a Serbian residence permit – even if you are not planning to relocate. The matter is that local banks will pay much less attention to your account and operations if you open an account as a local, and you will simply have much less headache. Isn’t it something that every entrepreneur needs?
Legal Form of a Shelf Company
The ready-to-operate companies we sell are limited liability companies (abbreviated as doo in Serbian). These are the most popular ones – mainly due to the well-known fact that the liability of its members is limited by their contribution to the company capital. However, that is not all, and you can take a look at other features that make the doo a very convenient legal form:
● There is no limitation for a registered capital: you can start with 1 euro, and it will be perfectly
OK.
● The company can be founded by one person, an individual or a legal entity that is a resident of
any country.
● The company should have at least one director (or more), and this position may be taken by the
company’s ultimate beneficial owner.
● The corporate and dividend tax in Serbia equals 15%, which is not very high.
● The country has signed more than 50 double taxation treaties, and you can benefit a lot if your
country of residence is a signatory.
Details of Company Establishment
Let’s look at some details of your shelf company functioning:
● Each company incorporated in Serbia is required to have a legal address and keep financial
records.
● Any Serbian company can open an account with a local or foreign bank. We sell companies with
a local multi-currency bank account. However, if you need a bank account in another country,
we will help you with its opening.
● You can visit Serbia in person to reregister the company in your name – or do so remotely using
a power of attorney.
● You can hold the company’s assets and run it by yourself. As an alternative, your assets can be
held by a local trustee, and the company operations may be managed by a professional Serbian
director. This is a choice you will make by yourself – or you can seek our advice if you are at a
loss.
● The records in the Serbian Trade Registry where the owner is specified are usually updated
within one month provided you submit the documents on time. During this period, we will
provide the service of company management online free of charge – and it can be extended for
an affordable fee if you fail to comply with the terms.
Interested in buying a ready-made company in Serbia? Click on the above link to contact us and find out more details!
