The registration procedure is initiated by submission of the registration application to the Business Registers Agency on a form which includes data which are registered. Registration applications are available in the Business Reigsters Agency in Belgrade and in the organizational units of the Business Registers Agency upon evidence of effected payment of fee.
It is necessary to submit the required documents with paid taxes at submission of the registration application for the establishment of a business entity. The registration agency makes a decision on registration of a business entity within 5 days from the submission of the application.
The implementation of a single counter system of business entity registration began starting from May 6, 2009 with the adoption of the rulebook on allocation of tax identification numbers to legal entities, entrepreneurs and other entities, the registration of which is the competence of the Business Register Agency . Upon submission of a single registration application for the establishment of a business entity and entry into the Register of Taxpayers on one counter – at the Business Register Agency, the applicant gets a decision on the registration of the establishment of the business entity together with a tax identification number (TIN), within the timeframe defined by the Law on Business Entity Registration, which is not longer than 5 days from the submission of the application.
Simultaneously with the application for establishment, another application is to be submitted to the Republic Statistics Bureau for the definition of an identification number for which a tax is paid.
Once the TIN has been obtained, complete documents are forwarded to a bank for the opening of a current account and once the latter is obtined (in one day) the company can start performing its activities (unless it is a question of activities which require special permits).