Serbia has quickly positioned itself as one of the most appealing business destinations in Southeast Europe. Low setup expenses, competitive tax policies, and an uncomplicated registration process make it a practical choice for entrepreneurs from abroad.
The best part? You don’t even need to set foot in the country. Setting up a company remotely is entirely possible, efficient, and legally recognized. This article walks you through how the process works and what you’ll need to register a company in Serbia as a foreign citizen.
Can Foreigners Register a Company in Serbia?
Absolutely. Both individuals and international companies can establish a business in Serbia, regardless of residency. Foreign nationals enjoy the same rights as locals when it comes to opening a business.
The most popular legal structure is the limited liability company (LLC), thanks to its simple setup and minimal capital requirement. Still, there are other forms such as general partnerships, joint stock companies, or even sole proprietorships for smaller operations.
Is Physical Presence Required?
No. The procedure can be managed entirely through a Serbian attorney. By signing a notarized power of attorney in your home country, you authorize your lawyer to prepare and file all necessary paperwork on your behalf.
This document, once mailed to Serbia, allows your legal representative to handle the registration and even set up your bank account. It’s a time-saving and cost-effective approach.
Key Documents You’ll Need
While each case may differ slightly, most remote incorporations require:
- A notarized special power of attorney
- Founding documents (articles of association)
- A director appointment decision
- A registered office address in Serbia (virtual office is acceptable)
- Official translations of documents into Serbian
All paperwork is submitted to the Business Registers Agency (APR), which is the central authority for company incorporation.
How Long Does Registration Take?
Once everything is filed, the APR usually approves the application within five business days. At that point, your business is legally active.
Your lawyer will secure the incorporation certificate, tax ID, and company number—all necessary for banking and compliance.
Opening a Bank Account Remotely
With proper authorization, your lawyer can open a company bank account on your behalf. You can also request online banking access, ensuring full financial control from abroad. Debit cards can be delivered to you via courier.
Do You Need a Local Director?
Not necessarily. Serbian law does not require the company director to be a resident. Still, appointing someone local can make dealing with authorities and administrative procedures easier. If you don’t have a candidate in mind, your lawyer can connect you with suitable individuals.
Beneficial Owner Requirements
Every Serbian company must register its beneficial owner within 15 days of incorporation. This process requires an electronic certificate issued locally in Serbia. If you cannot travel, your attorney will advise on compliant solutions or temporary arrangements.
Typical Costs
Company registration in Serbia is relatively affordable compared to Western Europe. Common expenses include:
- Registration fee: around €50
- Notary certification: approx. €10
- Certified translations: around €15 per page
- Local certification/postage (varies by country)
- Attorney services (depending on scope of work)
What Comes After Incorporation?
After the company is formed, you may need to:
- Register for VAT (if required by your business model)
- Hire an accountant for ongoing compliance
- Apply for sector-specific licenses
Many law firms that offer incorporation services also provide long-term legal and administrative support, making it easier for foreign founders to manage operations.
If you want a step-by-step breakdown of the entire procedure, check this detailed guide on company formation in Serbia. It covers everything from required documentation to practical advice on remote setup.
Serbia stands out as one of the few European countries where foreigners can establish a company without traveling. Its business environment combines low costs, legal security, and easy entry procedures.
Whether you are testing a new market, expanding into Europe, or relocating operations, Serbia offers an accessible gateway with minimal barriers.
