Category: Blog articles

The stable government status along with the status of the candidate for the European Union had led Serbia to become an increasingly interesting investment jurisdiction, especially for foreigner clients. 

Except for great banking services provided by world top banks, clients can use more than 64 double taxation agreements that Serbia has signed.
Foreign clients are having the possibility to trade in different currencies such as EUR, USD, RUB, RMB, TKR and many others.

There are no limitations regarding owners of your new Serbian company.
It can be your old offshore company, your trust or any other entity and what is most important this kind of structuring is fully acceptable to the banks.

LLC company is a company established by one or more legal/natural persons, for the purpose of performing a particular business under a common business name. 

We know that things are changing fast, our international experience in banking industry in Switzerland, Andorra, Russia and good knowledge of past events in Latvia, Cyprus, Malta tells us that  this kind of business opportunity will not last forever but once client gets on board he will be in safe haven for a long time.
Don’t miss the opportunity and get in. 

9 most important reasons why to set up a company in Serbia.

1.  Business Bank Account in just 15 days.

2. Serbia is NOT part of the Common Reporting Standard

3. Low maintenance costs from 100 EUR/month

4. Ideal for international trading and international business and tax optimization

5. Non-residents can be owners and directors

6. Low risk and the most accepted structure for the banks

7. Remote procedure

8. Moderate taxation 15% & more than 64 avoidance of double taxation agreements.

9. Possibility of application for Serbian Residency 

A unique offer includes the following: 

• Free registration of a limited liability company in Serbia 

The service is intended for all individuals who have decided to form a company on the territory of Serbia.

Register your LLC in Serbia without any costs.
 Starting from June 2020., directors must visit Serbia at least once. Alternatively, we can offer nominee services that are a subject to separate pricing.

 *This is a special offer valid until 15th of October 2020 for the first 5 clients. Free service is possible with conclusion of the contract for accounting services for a 6 months period under the Silver package (100 EUR per month). 
The service is intended for individuals only. 

Feel free to call us for more information +381600622942 (WhatsApp, Viber, Telegram). 

Besides outstanding locations, thriving real estate market, Serbia can offer great solutions regarding residency.

As a developing country, it is open to all investors at an international level and it is very common for clients to seek opportunities for a business investment.

Since 2014, Serbia has been negotiating its EU accession with the perspective of joining the EU by 2025. This will be an excellent opportunity to travel and work visa-free inside the EU. One important point is that Serbia did not sign CRS and it means that this is one of the few places where privacy still exists.

Being that we are constantly trying to present you all Serbian benefits and improve our immigration services, we will represent you our brand new service: 

“A bridge for a better tomorrow”.

We have prepared a link from Serbia that leads no less and no more, but to another continent. We have prepared a “bridge” that connects 2 different cultures. The new service involves a combination of America and Europe.

Who is it for?

It is intended for the business world that is trying to expand horizons, that does not stay in one place and that has a vision. Business on 2 continents, as of today, is possible with the assistance of the already well-known WTS team.

Whether you want a company in America and a residence in Serbia (or vice versa), believe me it is possible.

As a well-known business target, America still offers a handful of benefits when it comes to doing business. If you combine the European way of doing business and living, you get the ideal combination with American culture..

Let’s talk about Key Benefits: 

Feel free to contact us for more information. 
Welcome to Serbia

Business improvement is something that every entrepreneur/businessman is searching for.
But like everything in this world, improvement does not come so easily.

What sometimes can scare us is the fact that investment is mandatory in order to improve our business. But not only money investment, but ideas, time and a lot of effort; it is important to keep follow all global changes in order to adapt and make a best of it.

If you consider to develop your business outside the borders of your country, you might be on the right place. And if you are a modern business entrepreneur with crypto business oriented you will definitely not waste your time in Serbia.

As a jurisdiction, Serbia can be flexible enough to accept all types of activities.

Our business goals were to form a special team that is constantly working to implement any legal change related to virtual currencies. In doing so, we have provided our clients with security and all information needed for better operating in Serbian market.

People rarely know that there is a lot of ways to develop business in Serbia; One of the easiest paths would be Branch office.

The branch office is one of the more streamlined business structures a company has at its disposal when exploring the possibility of expanding its activities abroad.

There are many benefits to form a branch office in Serbia such as:

1. Greater Level of Control

A branch office is known as a dependent type of company, which means that its activities are entirely managed by the parent company in terms of the decision- making process. The branch does not have the status of a legal entity, and in legal transactions, it acts on behalf and for the account of the company. Due to this, the branch cannot become a subject of the suit, bankruptcy and liquidation.

2. Tax benefits

From a taxation point of view, a branch office is often a better choice when compared to a subsidiary company.

– Funds received on behalf of the main company are not subjected to taxation.

– The Branch of the foreign company has its tax number and is treated as a resident.

– Tax optimization and double taxation avoidance agreements with 64 countries.

– Funds received on behalf of the main company are not subjected to taxation.

3. Easy Bank Account Opening

According to the Law on Foreign Exchange Operations, the foreign companies’ branches are residents and they operate via their resident bank accounts in Serbia. After registering a Branch office in Serbia, bank calmly refers to the new structure as a resident and are ready to open it account immediately.

4. Residency in Serbia

A legal representative of the branch does not have to be Serbian resident and may apply for Serbian residency on this basis.

5. Cost-Effective Locations

Low maintenance costs from 100 EUR/month. Average salaries in Serbia ensure cost-effective operating costs. Currently, Estonia is considered the most convenient country for crypto business, but let us compare Serbia and Estonia and show you the advantages of crypto business in Serbia:

In addition to all the above advantages, we want to emphasize that after the procedure of forming a Serbian branch and opening 2 bank accounts,Welcome to Serbia offers the service of the Family Office. This means that we will not left you as soon as the service is provided, we will support you in all your further decisions.

In addition, we can also offer assistance in accounting services, which further facilitates your business decisions.  Unfortunately, current situation might not be perfect for expanding business in another country. Being that our motto is better way, we gave our best to solve this type of obstacle.

We advise our clients to consider the service of a nominee director. Although the entire service of forming a branch and opening bank accounts can be done remotely, obtaining e-banking requires the arrival of a legal representative (director) of the branch in Serbia. With nominee director you have opportunity to leave bureaucracy behind and dedicate your time completely in your business.

The price of forming the Serbian branch of your crypto company is 7900 euros.

The price includes:

1. choice of the most convenient bank, with preliminary information and confirmation from the accountant,

2. preparation of the POA, that needs to be signed and certified by the main company director,

3. preparation of the corporate documents for the branch,

4. engagement of the Attorney who will certify the corporate documents on the basis of the POA,

5. notary and registry expenses,

6. engagement of the Attorney and assistant in the process of the bank account opening,

7. registration in front of the Tax Administration,

8. two pages translation (POA) for included in the price (passports and proofs of address doesn’t have to be translated),

9. VAT included in the price.

For any additional information you can contact us via email office@velcometoserbia.org or by calling +381600622942

After the collapse of Latvian and Cypriot and keeping in mind problems with Maltese and UAE banking systems many of the Eastern clients had to find business friendly environment with flexible banking system and worldwide acceptable corporate structures.

Except great banking services provided by world top banks, Clients can use more than 64 double taxation agreements that Serbia has signed. Client can easily become Serbian resident and since Serbia is planning to join EU In the following years, this residence will become EU residence with Schengen access.

Clients are having possibility to trade in different currencies such as EUR, USD, RUB, RMB, TKR and many other. There are no limitation regarding owners of your new Serbian company. It can be your old offshore company, your trust or any other entity and what is most important this kind of structuring is fully acceptable to the banks.

We know that things are changing fast, our international experience in banking industry in Switzerland, Andorra, Russia and good knowledge of past events in Latvia, Cyprus, Malta tells us that this kind of business opportunity will not last forever but once client gets on board he will be in safe haven for a long time. Don’t miss the opportunity and get in.

7 most important reason why to set up a company in Serbia.

1. Company & Bank account in just 15 days.

2. Low maintenance costs from 100 EUR/month

3. Ideal for international trading and international business optimization

4. Non-residents can be owners and directors

5. Low risk and the most accepted structure for the banks

6. Remote procedure

7. Moderate taxation 15% & more than 64 avoidance of double taxation agreements.

 Offer includes:

 1. analysis of the future company activity and choice of the most convenient bank, with preliminary information and confirmation from the accountant,

2. preparation of the POA that needs to be signed and certified by the future shareholder,

3. preparation of the corporate documents for the company,

4. engagement of the Attorney who will certify the corporate documents on the basis of the POA,

5. notary and registry expenses,

6. engagement of the Attorney and assistant in the process of the bank account opening,

7. applying for internet banking devices,

8. registration in front of the Tax Administration,

9. two pages translation (POA) for included in the price (passports and proofs of address doesn’t have to be translated),

10. VAT included in the price.

We can offer the temporary director in order to open the account (included in the price), but once the company starts operation Client’s director must visit Serbia for one working day in order to identify himself in front of the banks. Alternatively, we can offer nominee services that are a subject to separate pricing. From the beginning of June directors must visit Serbia at least once.

Special package price until 30th of September starts from EUR 2500.

Call us for more information. 

Just as we say that a photographer does not sell photographs but memories, so we do not sell a residence permit but a “better tomorrow”.

The new service involves a combination of America and Europe.

• Real estate prices are very affordable
• Serbia is ideal for growing organic products
• The government supports the development of foreign citizens’ business on the territory of Serbia

As a business owner, accounting can be very stressful. It might be compared with going to the dentist or exam preparation.  A little inconvenience today often saves a lot of pain tomorrow.
Does that sound a bit cliché? Maybe. But common phrases can offer a surprising amount of wisdom when they’re used the right way.

Once you have an effective bookkeeping and accounting system in place, you’ll have far better results on your company’s financial situation, and you’ll find fewer unpleasant surprises as a result.

Time is Money

Time is a valuable commodity, so we should be as quick or expeditious as possible. Implement a system to track your billing, then make sure there’s a process in place for following up on it at regular intervals. You should have a plan for systematically dealing with accounts that are 30, 60, and 90 days past due.

Day late and a dollar short

When tax day is coming, it shows up every year without fail. Put aside tax funds in advance each month, or every time your company makes a sale.
When you track taxes in a separate financial account, it means you won’t inadvertently spend money that isn’t yours, and you won’t get stuck with the penalties and interest that can incur as a result.

Save money for unexpected need

Planning ahead up to five years in advance is part of a sound business strategy.
Don’t let major expenses catch up with you when you least expect them.
By budgeting to use income from the profitable months to cover fixed expenses during the sluggish ones, is also a part of a good business strategy.

Double-check everything

Whether you work in Excel or outsource your accountant, it’s important to track the details of exactly what’s going into your business account every time a deposit is made. Accounting can track all activities and thanks to that, you will be able to make future business decisions.

Should you need any accounting services, accounting tips, tax services or tax advice you can rely on us.  By your side, on the road to success.

Serbian taxation system belongs to the group of jurisdictions with lowest tax rates in Europe and remained well below Europe average corporate and personal tax rate in 2019.

This is important news for everyone wishing to start new business, especially having in mind tax rates in other jurisdictions in Europe, like Czech Republic (19%), Hungary (19%) and similar competing solutions, not to mention Western European jurisdictions. Average corporate tax rate in Europe is 22,5%, that puts Serbia in the group of traditionally favorable countries, like Cyprus, where tax rate is only 2,5% lower.

Tax year is the calendar year but may be shorter than 12 months in case activities start or terminate during a calendar year or there is a change in the status of the entity.

The taxable base is calculated in the tax balance sheet, based on the profit and loss account adjusted for tax purposes. Taxable income includes both business income and capital gains. Taxable base is equal to difference between income and expenses.

Branch remittance to mother company is not a subject to dividend tax, given that the funds are moving inside the same legal entity, which unarguably makes this structure perfect for revitalization of old or inactive legal entities. Also, special legal arrangements between mother company and the branch give opportunity to receive funds and pay on behalf of the mother company, without generating revenue.

Serbian asset protection and pilot entities remain one of the world’s best, especially given that dividends paid by a Serbian resident company to another Serbian company are exempt from corporate income tax. Dividends received by a Serbian resident company holding at least 10% of the shares in a non-resident company for one year are eligible for a credit for foreign tax paid and the dividends.

Old tax havens can’t serve their purpose anymore, yet popular alternatives mean you’ll have to give up much of your profits? You want to pay less taxes? Welcome to Serbia!