Attorney Dragana Djordjevic » "Foreign Trade Act"

Specifics of branch operations in Serbia

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A foreign company branch office is a separate organizational unit of a company in the territory of the Republic of Serbia through which the company performs activity in accordance with the law.

A foreign legal entity may permanently perform activities on the territory of the Republic of Serbia through a branch established and registered following the regulations of the Republic of Serbia. The following rules regulate the registration and operation of a component of a foreign legal entity:

  1. Companies Act
  2. The Law on the Registration Procedure in the Business Registers Agency
  3. Foreign Trade Act
  4. Law on Foreign Currency Transaction
  5. Law on Payment Operations
  6. Law on Accounting
  7. other bylaws adopted based on the said laws.

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Measures of protection from unfair competiton according to Foreign Trade Act

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Foreign Trade Act (“Off. Herald of RS”, Nos. 36/2009, 36/2011 – other act, 88/2011 and 89/2015 – other act) contains certain protection against unfair competition in a broader sense. In this sense by this law shall be predicted that the Government of the Republic of Serbia may prescribe the following measures of protection:

  1. Antidumping measures
  2. Compensatory measures
  3. Measures for the protection against excessive importing
  4. Measures for the protection of the balance of payments equilibrium.

Antidumping Measures

For the purposes of the Foreign Trade Act (“Off. Herald of RS”, Nos. 36/2009, 36/2011 – other act, 88/2011 and 89/2015 – other act): Continue reading Measures of protection from unfair competiton according to Foreign Trade Act →

Foreign trade in goods according to the provisions of Foreign Trade Act

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The basic rules of foreign trade in goods were established by the provisions of Foreign Trade Act (“Off. Herald of RS”, Nos. 36/2009, 36/2011 – other act, 88/2011 and 89/2015 – other act) (hereinafter: Foreign Trade Act).

A foreign trade involving an individual type of goods and services may be regulated separately in keeping with the World Trade Organization rules and the European Union regulations.

Also terms of export, import and transit of goods are defined by the provisions of Foreign Trade Act as follows:

  • The export of goods is carrying out, sending, i.e. delivery of goods from the territory of the Republic of Serbia to the territory of another state or customs territory, in accordance with customs regulations of the Republic of Serbia.
  • The import of goods is carrying in, supplying, i.e. delivering goods from the territory of another state or customs territory to the territory of the Republic of Serbia, in accordance with customs regulations of the Republic of Serbia.
  • The transit of goods is the crossing of goods through the customs territory of the Republic of Serbia, in accordance with customs regulations of the Republic of Serbia. Continue reading Foreign trade in goods according to the provisions of Foreign Trade Act →