Law on Business Companies

Companies Act

Extract from a foreign register as the basis for registration of data on a foreign legal entity which is a member of the company

According to the provisions of the Companies Act, depending on the type of registration entity, the Register of Business Entities kept by the Serbian Business Registers Agency of the Republic of Serbia records, i.e. registers data on the following persons: members and founders of the registration entity cooperative member the director, i.e. members of the…
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Law on Legalization of Documents in International Traffic

Establishment of a company in Serbia without the physical presence of a foreign founder

Under the applicable laws and regulations of the Republic of Serbia, it is possible to establish a company without the founder’s physical presence, provided that a special power of attorney is duly issued in the prescribed form. This option is available to both foreign natural persons and foreign legal entities, including their legal representatives, enabling…
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Companies Act

Incorporation of a joint stock company

A joint stock company is a company whose share capital is divided in stocks held by one or more stockholders who are not liable for the company’s obligations, except based on piercing the corporate veil in the cases prescribed by Article 18 of the Companies Act as well as in the case of deletion of…
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Companies Act

Simplified procedure for implementing a status change

According to the provisions of the Companies Act, a merger by acquisition is a status change whereby one or more companies are merged into another company through the transfer of all assets and liabilities to that company, as a result of which the acquired company ceases to exist without undergoing liquidation. A merger by acquisition…
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Companies Act

Acquisition and disposal of high-value assets

The concept of acquisition and disposal of high-value assets, the procedure for acquisition, i.e. disposal of high-value assets, as well as the consequences of breaching provisions on the disposal of high-value assets, are regulated by the provisions of Articles 470 to 473 of the Companies Act. The cited provisions of the Companies Act apply to…
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Employment Act

Contract with a director who is a foreign national

In certain specialised industries that are focused on international or specific foreign markets, companies often choose to appoint a foreign national to the position of director. Some of the most common questions that arise when making this decision include: Can I freely decide whether the director will be a domestic or foreign national? What are…
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