On 14 December 2017, the national Assembly adopted the Law on Amendments and Supplements to the Labour Law which shall enter into force and effect on 25 December 2017.
The best way to go further in developing your ideas is actually to start your business and to incorporate the company. The most common company legal form for startups is Limited Liability Company (hereinafter: “LLC”). LLC may be established by one or more domestic or foreign natural persons or legal entities with minimum share capital in the amount of 100 RSD, which is less than 1 EUR. Process of incorporation is fast, and company can be incorporated within 5 working days. Founder of the company can also be a director of the company and he/she can perform activities without being employed and without any salary which can reduce obligations related to the expenses, tax, etc. Nowadays most of the business activities can be performed online and working at home, therefore various virtual office services can be used as business address and office space.
Transfer of ownership of share in a limited liability company is regulated by the provisions of the Law on Companies (“Official Gazette of RS”, No. 36/2011, 99/2011, 83/2014- other law and 5/2015) (hereinafter referred to as the “Law”).
Admission to the citizenship of the Republic of Serbia (Hereinafter: “Citizenship”) is regulated by the Law on Citizenship of the Republic of Serbia (“Off. Gazette of RS”, no. 135/2004 and 90/2007) (Hereinafter: “Law”).
Business entities can do business and be organized in form of: (i) Entrepreneur, (ii) General Partnership, (iii) Limited Partnership, (iv) Limited Liability Company, (v) Joint Stock Company, (vi) Representative Office of a foreign company, (vii) Branch Office of a company or Branch office of a foreign company, (viii) Cooperative and Cooperative Federation.
The Employment of Foreign citizens in the Republic of Serbia is regulated by the Law on Employment of Foreign Citizens (“Off. Gazette of RS” No. 128/14), (hereinafter referred to as the “Law”) and the Rulebook on work permits for employment (“Off. Gazette of RS” No. 94 / 15).
Operation of unmanned aircrafts, also known as drones, has nowadays become more and more deployed. Drones are not only used for military purposes but also private individuals and companies use this innovative technology for providing new services and to improve the existing ones.
Release from the citizenship of the Republic of Serbia is regulated by the Law on Citizenship of the Republic of Serbia (“Off. Gazette of RS”, no. 135/2004 and 90/2007) (Hereinafter: “Law”)
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