Why you should set up Branch Office in Serbia remotely?

2020-03-17T14:25:36+01:00 March 17th, 2020|
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 opening 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.
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.
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.
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.
As a responsible company, to prevent the spread of Covid-19, we decided to do the work from home. 
Being that client satisfaction was always a priority for us, in the previous days we
made all the necessary preparations to create remote business solutions.
Therefore, we do not have the slightest dilemma that in this situation we will be up to the task and remain a reliable partner to all our associates around the world.
We invite you to take care of your health and work from your home.
We prepared the ultimate protection.
Keep up the productivity no matter where you are.
Stay safe.
Email: mm@welcometoserbia.org,
Mob:+381 60 062 29 42 (WhatsApp,Viber, Telegram)

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