Step I

The following six documents need to be submitted together with a business registration form:

• Proof of identity (a photocopy of ID card or passport, for a citizen of Serbia and Montenegro, the birth certificate),
• Statutes of the Business with certified signatures,
• Bank receipt as proof of payment of the required business capital or the founders certified statement (e.g. EUR 500 for limited liability company),
• Decision on the appointment of a company representative, if a representative was not appointed under the Statutes of the Business,
• Representative’s certified signature,
• Proof of payment of registration fee (e.g. CSD 3,600 for limited liability company)

The Agency for Business Registers will issue a registration certificate within a period of five days from the day of filing.

Step II

An application for an ID number must also be filed with the Republic Bureau of Statistics and a tax of CSD 1,270 is charged.

Step III

Upon receipt of the registration certificate, a request for a PIB (tax account) number must be filed with the Tax Authority.   It takes about 10 days for a PIB number to be issued.

Step IV

Following the receipt of the PIB number, the complete documentation must be submitted to a bank for the purpose of opening a current account.   Upon completion of this last step (usually within one day) the enterprise may begin to operate (provided its business activity does not require special permits).