Key novelties of the Law of the Central Register of Ultimate Beneficial Owners

In March 2025, the National Assembly of the Republic of Serbia adopted a new Law on the Central Register of Ultimate Beneficial Owners, the provisions of which will mostly come into effect on September 14, 2026. This law aims to increase business transparency and prevent abuses in the financial sector, particularly in the areas of anti-money laundering and counter-terrorism financing.

The Law on Safety and Health at Work: Key Changes and Obligations of Employers

The Republic of Serbia has adopted a new Law on Occupational Safety and Health (hereinafter: the Law), which came into force on May 7, 2023. Employers are required to fully harmonize their operations with the new regulations by May 7, 2025, or by January 1, 2026, at the latest.

This law introduces significant changes aimed at improving worker protection and aligning with European standards. Non-compliance may lead to serious consequences, including substantial financial penalties.

Nuclear power plants in Serbia – status of the legal framework

Recently, the issue of using nuclear energy in the Republic of Serbia has often been discussed publicly. Below is a brief overview of the current framework by which this matter is regulated and considered.

DEFINITIVE 6-STEP GUIDE FOR FOREIGNERS BUYING REAL ESTATE IN SERBIA

DEFINITIVE 6-STEP GUIDE FOR FOREIGNERS BUYING REAL ESTATE IN SERBIA STEP 1: ELIGIBILITY & RECIPROCITY If you are a foreigner (a natural person having only foreign citizenship), you have several scenarios when buying real estate in Serbia: –        Directly buying agricultural land –        Buying apartments and buildings for non-commercial purposes –        Buying real estate for […]

Leased rooftops – a space for the construction of solar power plants by power producers?

Excluding prosumers, in practice, we have not encountered significant projects developed by power producers for the construction of solar power plants on the free space of rooftops of buildings, industrial plants, warehouses, shopping centers, and other facilities.

INCORPORATING A SUBSIDIARY IN SERBIA

You are considering opening up a company in Serbia? Serbia is open for all commerce, and constantly strives to improve its business climate. Here are a few points to have in mind.

Factoring as the oldest financial service and a means of securing necessary funds for unhindered further business operations and timely settlement of obligations

Factoring is undoubtedly the oldest financial service, more closely regulated by the Law on Factoring (“Official Gazette of the RS” No. 62/2013 and 30/2018) (“the Law”), which means the purchase and sale of an existing non-due or future short-term monetary claim, one that is due for collection in within one year from the date of sale of goods or provision of services in the country or abroad. Factoring can be performed exclusively on the basis of a contract concluded in written or electronic form, which is prescribed by the Law.

New Decree on Conditions of Delivery and Supply of Electrical Energy: NEW OBLIGATIONS OF INVESTORS

On October 13, 2023, the new Decree on Conditions of Delivery and Supply of Electrical Energy (“Decree“) adopted by the the Government of the Republic of Serbia entered into force. Its key novelty is the issue of deposits and bank guarantees of investors/producers. Deposits Namely, one of the prerequisites to obtaining the connection study to […]

Amendments to the Law on State Survey and Cadastre and the Law on the Procedure for Registration in the Cadastre of Immovable Property and Lines: NEW/EXPANDED CADASTRE BY 1. JULY 2025?

On October 26, 2023, the National Assembly of the Republic of Serbia adopted the Law on Amendments to the Law on State Survey and Cadastre (“Law on Cadastre“) and the Law on Amendments to the Law on the Procedure for Registration in the Cadastre of Immovable Property and Lines (“Law on Cadastral Registration“). The key […]