LLC in Serbia | Can a foreign citizen set up a company in Serbia?

LLC in Serbia

After the collapse of Latvian and Cyprus 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.

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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. Completely REMOTE procedure
  • 7. Moderate taxation 15% & more than 64 avoidance of double taxation agreements.
  • Company forms, procedure and list of documents:

  • Limited Liability company
  • Providing to us Limited Power of Attorney
  • Choosing corporate name and main activity
  • Providing to us notarized copies of owners and director identification documents (notarized and apostilled) or in case if we have company as a founder we will need set of original corporate documents with apostille
  • After getting full set of documents from you we will notarize standard Articles of incorporation and register your company in Serbian Business Registry. Please note that in our team we have experienced lawyers who can draft complicated and special statutes for your need.
  • In case if ownership structure is simple, we will open a bank account for you in 7-10 days. We are introducing clients to more than 10 local banks so we can give you 99% guarantee that you will have your account opened. 1% relates to clients who have not disclosed us full information about their source of funds and their professional activity. So be honest and success is guaranteed.
  • do not hesitate to visit us and to decide if you need our full VIP assistance with your new company. You can also take a look at our interesting history and new wave of modern development. We will do our best to be good hosts.

    • Frequently asked questions

      What does LLC in Serbia stand for?

      Serbian LLC is a legal form similar to Limited Liability Company from other jurisdictions.

      Can a foreign citizen set up a company in Serbia?

      LLC can be founded by any person – individual or legal entity, regardless of their citizenship.

      Is is possible to form a company remotely?

      Yes, it is possible through a Limited Power of Attorney.

      How long does it take to register a LLC?

      When you want to set up a company, the registration starts with signing in the business register and submitting the application. The deadline for deciding whether the application will be accepted or not is at most 5 working days, starting from the date when the documents were accepted in the Register.

      What is the minimum required share capital for setting up a LLC?

      Minimum of required share capital is 1 EUR (recommended 50 EUR and up).

      Is it necessary to have accounting for my business in Serbia?

      Yes, it is one of the obligations of running a business in Serbia. For more information and advice on accounting visit

      Is it necessary to have an office for my company in Serbia?

      It is highly recommended to have an office.

      Is it possible to be self-employed in my company?

      Yes, it is possible.

      Can I apply for a work permit based on selfemployment in my company?

      Yes, it is possible.

      How much is the corporate tax of the newly registered company?

      Corporate income tax rate is 15%

      How much is dividend tax?

      Dividend tax is 15%

      Can I apply for temporary residency based on company formation in Serbia?

      Yes, owner and director of the company can apply for residency.

      What are the requirements for renewing temporary residency based on company formation?

      It is recommended to have real business activity in Serbia, and it is necessary to have an office and to obtain a work permit among other things.

      Can you help me find an office space for my business?

      Yes, we can help you with that.

      How many shareholders can there be in LLC?

      There can be up to 50 shareholders.

      Do I have to employ Serbian citizens in my company?

      There is no such obligation.

      Can a foreign company be the shareholder of the Serbian LLC?


      How much are taxes and contributions on salary?

      Taxes and contributions are from 61%-64% and they include taxes, medical, social and pension insurance.

      Can I choose to not pay myself a salary as a director?

      Yes, it is possible. However, you still need to pay minimum shareholder‘s contribution.

      What rate is VAT in Serbia?

      VAT rate is 20%

      When is the deadline for submitting the financial statement?

      The deadline is 31st of March for the past year.

      What happens if my company didn‘t have any activity for the whole year?

      In this case, a statement of inactivity needs to be submitted.