Small business setup in Serbia
Through economic reforms, a positive investment environment, and various opportunities in manufacturing, technology, and services, Serbia offers a promising environment for small businesses. We specialize in assisting small businesses in starting up and growing. Our in-depth knowledge of the local market and expertise in company formation allows us to help you navigate the required documentation and procedures to launch your small business in Serbia. Let’s explore the benefits of starting a small business in Serbia and how our tailored solutions can support your success.
Formalities and procedure
Registering a small business in Serbia consists of multiple steps that can be finished within a couple of weeks.
Choose a business name
The business name must be original and not currently being used. You can verify the availability of a name on the Serbia Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your small business. To assist you in making a knowledgeable choice that fits your individual needs and long-term goals, we offer expert advice on Limited Liability Company (LLC), Joint Stock Company (JSC), Branch Office, and Holding Company.
Set up legal address
When you begin a business, it is crucial to have a proper legal address because it acts as the primary point of contact for government agencies, legal authorities, and important business communication. Selecting a legal address that complies with local regulations and fits the needs of your business is essential.
Get the necessary paperwork ready
Our team of professionals will assist you in developing detailed and tailored documentation that aligns with your company’s objectives and structure. We ensure compliance with all legal requirements and will handle the submission process on your behalf.
Open a bank account
In Serbia, establishing a business necessitates having a corporate bank account. Our team will guide you through this procedure, making sure you adhere to the necessary regulations and aiding you in opening an account with a respected financial organization in Serbia for your small business dealings.
Company registration
We take care of the registration process with authorities such as Trade and Companies Register and tax authorities, taking away the administrative burden from you. This ensures that your small business is legally recognized and compliant from the beginning.
Setup accounting
In order to start a small business successfully, it is crucial to keep precise financial records. Our group of accounting professionals can assist in setting up efficient accounting and bookkeeping procedures that adhere to Serbia’s regulations.
Small business examples
Small businesses can be found in various industries and sectors, each with their own unique requirements. Here are a few examples of small businesses:
- Business support: Smaller consultancies, individual service providers
- DIY retail: Locally-owned hardware shops, small home improvement stores
- Education: Tutoring services, small language schools, independent trainers
- Farming: Smaller, family-run farms
- Fitness: Individual trainers, small local gyms or studios
- Food and beverage retail: Independent grocery stores, coffee shops, bakeries
- Hotels and motels: Smaller, independent hotels or motels
- Laboratory: Smaller independent testing labs
- Marketing: Freelance marketers, small local agencies
- Media: Independent content creators, niche publications, small production companies
- Printing: Small local print shops
- Real-estate: Individual realtors, very small brokerage firms
- Restaurant: Independent, non-chain restaurants
Benefits of establishing a small business in Serbia
Serbia is an appealing option for starting a small business, as it provides numerous benefits:
Strategic location
Serbia’s economic reforms, positive investment environment, and prospects in manufacturing, technology, and services make it a desirable choice for businesses seeking growth in the Western Balkans. Thanks to its strategic position, cost-effectiveness, and government support for foreign investment, Serbia offers many benefits for companies wanting to access its vibrant and developing market.
Favorable tax regime
Serbia offers a flat corporate income tax rate of 15% and provides incentives for investments in manufacturing, technology, and agriculture. Its position in Southeast Europe makes it a strategic hub for regional business activities.
Banking
Serbia’s strong points in the banking sector are its stability, ongoing modernization, and investment potential. These factors make it a safe choice for individuals and businesses looking for banking and financial services in today’s changing economy.
Our small business setup solutions
We understand the value of your time and resources. That’s why we offer two convenient choices to make the process of company formation easier.
Business formation online
By utilizing the online platform offered by Serbia, individuals are able to start and finalize the process of starting a business from any location worldwide. The secure digital platforms allow for monitoring progress, submitting necessary documents, and utilizing services in a seamless and convenient manner.
Business formation remotely
If you would like a more hands-off approach, we are able to assist with all the necessary paperwork. Our team of experts will handle all the required formalities and communicate with the appropriate authorities on your behalf, providing you with peace of mind.
Contact us today and launch your small business success
Contact us today to schedule a consultation and begin pursuing your business goals. Let’s make progress together by taking the initial step.