Each company wish to conquer new markets and increase income.But first you must make a first step:to establish branch/representative office for desired area.Western Balkan is according to economic experts ideal area for your business.In continuation here are list of needed documents for establishing branch and nominate (sale) representative in Belgrade,Serbia:
REGISTRATION OF FOREIGN LEGAL ENTITY REPRESENTATIVE OFFICE
Legal basis 1. INTERNATIONAL TRADE LAW (Official Herald of the Republic of Serbia, No. 101/2005) 2. LAW ON REGISTRATION OF ECONOMIC ENTITIES (Official Herald of the Republic of Serbia, NoS. 55/04, 61/05) 3. DECISION ON FEES PAYABLE FOR REGISTRATION AND OTHER SERVICES PROVIDED BY THE AGENCY FOR CORPORATE REGISTERS (Official Herald of the Republic of Serbia, No. 109/05) 4. DECISION ON REGISTERING A FOREIGN LEGAL ENTITY REPRESENTATIVE OFFICE AT THE AGENCY FOR CORPORATE REGISTERS (Official Herald of the Republic of Serbia, No. 114/2005) Foreign legal entities representative offices are registered at the Agency for Corporate Registers
Address: 11000 Belgrade,Nikola Pasic Square 5
Tel: (011) 3331 444
Fax: (011) 2230 943
Internet: www.apr.sr.gov.yu
e-mail: [email protected]
REPRESENTATIVE OFFICE OF A FOREIGN LEGAL ENTITY/COMPANY is a separate, legally dependent organisational part of the founder which deals with preparatory actions preceding contract conclusion, but which can not conclude contracts, except for personal purposes. Registration application should be submitted on a prescribed form containing data that are to be registered, or in form of a request containing data that are to be registered. The following documents must be attached to the application for registration of a foreign representative office:
1. Registration Certificate issued by the Register where the foreign legal entity founder has been registered, certified by the relevant authority in the country of issue. If such Certificate does not indicate the information about founder, its registered address and authorised representative, it must be supported by the documents containing those information (founding act or similar);
2. Act on establishment of a representative office;
3. Decision on appointment of authorised representative, unless he/she has been appointed under the founding act;
4. Evidence of bank accounts the founder uses for business transactions, unless they have been listed in documents described in paragraph 1.;
5. Certified statement by which the founder takes full responsibility for all liabilities arising from the operations of the representative office;
6. Registration fee in the amount of 3,000.00 Dinars (evidence of payment).
The foreign language documents must be submitted together with their translation in Serbian, certified by a court interpreter. The following information are required for registration of the representative office :
1. business name
2. address
3. date of registration
4. date of possible modifications
5. registration number assigned by the Statistical Office of the Republic of Serbia, which is also the number under which the office has been entered in the Register
6. tax identification number (TIN)
7. bank account(s) number(s)
8. name and social insurance number (SIN) of the authorised representative, as well as his/her scope of authority
9. business name, legal form and address of the founding legal entity-company, its registration number in home country and name of the registering authority
If available, the following information are also entered:
1. business name in foreign language
2. names and SINs of other authorised representatives, as well as description of their authorities
Upon the request of the representative office, the following information can also be recorded in the Register: phone and fax numbers, e-mail address, web site address. The Register also provides records on closed representative offices and other important business operations information. All changes in information contained in the Register are recorded in accordance with the law.
At least,it is always usefull to hire a person for promoting interests of company,contacting local medias and researching local market and consumers.
