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Serbian Commercial Code

Serbian Commercial Code

Updated on Tuesday 09th January 2018

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Serbian-Commercial-Code.jpgThe Commercial Code in Serbia controls the business activities in the country, performed by both nationals and foreigners. The same set of laws describes the types of entities which are available for registration and further operations. Business persons interested in establishing their activities in Serbia should consider and respect the Commercial Code, and furthermore, it is suggested to talk to one of your Serbian lawyers for legal advice in this matter. Our team can offer support at registration, and also tax advice for your business.

How business operations are regulated in Serbia

The Commercial Law in Serbia comprises three main codes concerning the foreign investments, the free economic zones in Serbia, and the law on prices. In addition, the Serbian Commercial Code is strongly connected to the Company Law which involves the rules and regulations of the competition, the registration of businesses, the legacies, the protection of competition and the pledge of movable assets. Knowing how foreign investments can be made in Serbia and the ownership in this case represent the starting point when setting up company in the country.

Types of companies in Serbia

Serbia is open to any kinds of investments and imposes no particular restrictions for doing business in different kinds of jurisdictions, only if an agreement is signed in this matter. An entrepreneur who has decided to do business in Serbia can operate under one of the following legal entities:
limited liability company ( the most common business form);
joint stock company;
limited partnership.
Each type of company must be registered in agreement with the Commercial Code stipulations, starting with the incorporation and ending with the special licenses and permits for doing a particular kind of activity. In matters of legislation when setting up a company, we advise you to address to our attorneys in Serbia.

The rights of foreign investors in Serbia according to the Commercial Law

Investors from abroad who are interested in opening a company in Serbia or placing funds on a business already established (buying shares in a company) may do so in respect with the Investment Law comprised by the Serbian Commercial Code. Such entrepreneurs benefit from the same rights as the nationals, with equal status, terms and conditions. The rights for business obtained through the investments made in Serbia are fully protected by the law. The dividends and the profits can be transferred in the home country without any restrictions, and furthermore, they won’t be subject to a double taxation if a treaty in this matter has been signed by Serbia and other states from which the investments have been made.
If you want to know more details about the Serbian Commercial Code, we invite you to get in touch with our law firm in Serbia.


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