Decision on the acquisition of company and its legal effect

Provisions of the Companies Act shall regulate concept and types of status changes, as well as procedures for conducting status changes, registration, and legal consequences of registration of status changes.

A company in a status change – the transferring company reorganizes itself to the effect that it transfers assets and obligations to another company – the recipient company, while its members acquire shares, i.e. stocks in that company.

The acquisition represents a type of status change.

One or more companies may be acquired by another company by transferring all assets and obligations to that company, whereby the acquired company dissolves without undergoing liquidation procedure. Continue reading Decision on the acquisition of company and its legal effect

Conditions for performing the activity of limo service

Limo service means a public transport that is performed by a vehicle which is rented with the driver’s assistance. Conditions for performing the activity of limo service in Serbia are determined by the provisions of the Law on Transportation of Passengers in Road Traffic (“Official Herald of RS”, No 68/2015, 41/2018, 44/2018 – other law, 83/2018, 31/2019 i 9/2020).

A company or entrepreneur can perform a limo service if it has a decision of the municipal or city administration, i.e., the management in charge of traffic affairs, which determine that the company or the entrepreneur meets the requirements:

  • in respect of seat

The company fulfills the requirement for a seat if it has a seat on the territory of the local self-government, which issues the approval. The seat must include business premises where the primary business documents are stored, especially accounting documents, human resource documents, and other documents relevant to performing the activities of taxi transportation. Continue reading Conditions for performing the activity of limo service

Free-Trade Zone Organization and Management in Serbia

Free-Trade Zone is a part of the territory of the Republic of Serbia, which is specially fenced-in and marked and in which business is conducted under the conditions provided by the Free-Trade Zone Act (“Off. Herald of RS”, No. 62/2006).

Free-Trade Zone Organization and Management

Management

A free-trade zone is managed by a free-trade zone management company registered for free-trade zone-management.

A free-trade zone may be managed by only one free-trade zone management company. Continue reading Free-Trade Zone Organization and Management in Serbia