04.11.2026.
A foreign founder can set up a limited liability company (DOO) in Serbia without coming to the country, without a local co-owner and with symbolic capital. Most of the problems arise outside the registration itself with the Serbian Business Registers Agency (APR): with the director’s qualified signature, the bank account and the beneficial owner.
The Serbian Companies Act makes no distinction between domestic and foreign founders and does not require a Serbian citizen as a member or as a director. That is why incorporation looks simple.
Incorporation of a DOO is carried out exclusively electronically. Since 2023, the APR rejects paper filings, and the founding act and the application are submitted signed with a qualified electronic certificate.
The registration procedure before the APR itself takes a maximum of 5 working days, but preparing the documents takes longer.
Founder and director are not the same for residence purposes. A foreigner does not need a single permit for residence and work in order to found a DOO. But founding a company is not in itself a legal basis for residence, and a director who lives and works in Serbia for more than 90 days within a period of 180 days in most cases needs a temporary residence and work permit. If the founder plans to relocate, this should be arranged in parallel with incorporation, not afterwards.
The director’s contract. A director can enter into an employment relationship with the company or be engaged under a contract on the rights and obligations of the director, without employment. The choice affects the obligation to pay social contributions and the foreigner’s status, so it should be made upfront.
A bank account is not a formality. Without a business account the company cannot receive or make payments, which means it cannot operate unless it has an account with a bank in Serbia. Banks ask for documents on the ownership structure and a beneficial owner statement, so it is wise to request their list of documents before incorporation.
The beneficial owner is registered separately. The beneficial owner’s details can be entered already during the e-registration procedure, and if that is not done, the legal representative must register them within the statutory period after the company is registered (under the 2025 law, the period is 30 days). For a foreign structure with several ownership tiers, this means documents must be collected for the whole chain, not just for the first-tier founder. Since 2026, the company must also confirm this data every year.
Share capital is symbolic, but not zero. The minimum registered capital is 100 dinars and does not have to be paid in at registration; the founder can pay it in later, within five years of registration. In practice, capital of 100 dinars is enough for registration, but it rarely matches the company’s real needs, so a realistic amount should be considered.
The qualified electronic certificate. A qualified electronic certificate can only be obtained in person by the person who is the company’s representative. It is not possible to obtain a qualified signature through a power of attorney.
Registration with the APR itself takes a few working days, while the length of the whole process depends on what the founder has to prepare abroad. APR fees change from time to time, so always check the current price list.
| Item | Amount or deadline | Note |
|---|---|---|
| APR fee for incorporation, e-filing | RSD 8,000 | Check the current price list |
| APR decision on the application | Up to 5 working days from a proper filing | In practice 3–5 working days |
| Apostille and certified translation | Depends on the country and the interpreter | The most common cause of delay |
| Share capital | At least RSD 100 | Payment can be deferred for up to 5 years |
| Qualified electronic certificate | Depends on the issuer | Needed to sign the application |
Costs that do not appear in the APR price list: lawyer’s fees, notarization of the power of attorney abroad, opening the bank account, and accounting services after incorporation.
Once the APR decision arrives, the job is not finished. This is the order to follow:
Incorporating a DOO for a foreign founder is legally simple, but in practice it requires good preparation: documents ready for Serbia, a clear decision on who the director is and where they live, a plan for the bank account and a prepared beneficial owner filing. Once these four questions are settled before filing, registration with the APR becomes the easiest part of the job.
This text is for general information only and does not constitute legal advice. Regulations, fees and the practice of banks and authorities change, so in a specific case they should be checked before starting the procedure.
As of 1 January 2027, business entities in Serbia will be classified under the new Classification of Business Activities – KD 2025. The Government has adopted a new Decree on the Classification of Business Activities, published in the Official Gazette of the Republic of Serbia No. 91/2026 on 23 September 2026.
The current classification has been in force since 2010 and was aligned with the European standard NACE Rev. 2. On 1 January 2025, the European Union switched to a new version, NACE Rev. 2.1, which better reflects the digital economy, platforms and intermediation services. KD 2025 is the Serbian version of that standard.
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