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How To Register as a Sole Proprietor in Serbia

How To Register as a Sole Proprietor in Serbia

Choose the Appropriate Name

In accordance with Serbian Law, the business name of the Sole Proprietor must contain the name and surname of the Sole Proprietor, the label “preduzetnik” or “pr” (in Serbian) and the place where the Sole Proprietor is situated. It may also include the name, as well as the subject of the business of Sole Proprietor. Also, the name of the Sole Proprietor must be different from the name of another Sole Proprietor with the same subject of business, so that it does not cause confusion about the identity of another Sole Proprietor. Regarding registered address, AsstOffice offers you Virtual Office Service. We advise you to check the availability of the wanted business name and, if it is available, to reserve it. Reservation is valid for 60 days.

Choose Predominant Business Activity

Even though no specific document refers to this matter, we find it very important that you define what business activity you want to do. This activity will be stated in the Registration Form. If apart from the predominant activity, you want to indicate in the business name other activities that you do, you can add a precise or less precise description of these other activities in addition to the description of the predominant activity.

Prepare Registration Forms and submit the Paperwork to Business Registers Agency

Business Register Agency is organized as One Stop Shop for registration as Sole Proprietor in Serbia. Before you submit Registration Forms, it is necessary to pay prescribed state fees and to submit Proof of Payment. Together with Registration Forms and Proof of Payment for state fees, a copy of valid Passport and Permission, Consent or other Act of the competent authority, if this is stipulated as a condition for registration by Law. It takes 3 to 5 days for them to make Decision on Registration of the Sole Proprietor.

Open a Bank Account

After you receive the approved Decision on Registration of the Sole Proprietor, you can choose a bank and open a bank account as Sole Proprietor. Whether you need help with choosing the business name, preparing Registration Forms or helping you select a bank that suits your business need AsstOffice is at your service.