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GDPR or Regulation of the European Union on the protection of personal data has entered into force on the 25th of May 2018 and regulates this matter in a uniform manner.

On the 1st of October 2018 come into force the majority of amendments to Serbian Company Law. For further details please check the post on our website about the Amendments to the Law on Companies.

On June 8, 2018,the National Assembly of the Republic of Serbia passed the Law on Amendments and Supplements to the Law on Companies (Official Gazette of RS, No. 36/2011, 99/2011, 83/2014 – state law, 5/2015 and 44/2018 (Law)). Amendments envisaged under this Law are numerous and can be divided into three groups.

Rights of foreign persons (natural and legal) to acquire the right of ownership on immovables on the territory of the Republic of Serbia through legal transactions inter vivos (purchase and sale agreement, deed of gift, life care contract, and alike) and legal transactions mortis causa (through inheritance) are stipulated by the Law on Basis of Ownership And Proprietary Relations (“Official Gazette of SFRY”, Nos. 6/80 and 36/90, ” Official Gazette of SRY”, br. 29/96 and ” Official Gazette of RS”, No. 115/2005 –state law –hereinafter referred to as: the „Law“).

Law on Foreigners (Official Gazette of RS, No. 24/2018) (hereinafter “the Law”) came into effect on April 3, 2018, though its application is postponed by 6 months, i.e. it shall start to be applied on October 3, 2018.
The Law is aligned with EU Directives which regulate this area, and the novelty is that all issues which the old law did not regulate, but which were applied in practice, have been now regulated.

On 14 December 2017, the national Assembly adopted the Law on Amendments and Supplements to the Labour Law which shall enter into force and effect on 25 December 2017.

The best way to go further in developing your ideas is actually to start your business and to incorporate the company. The most common company legal form for startups is Limited Liability Company (hereinafter: “LLC”). LLC may be established by one or more domestic or foreign natural persons or legal entities with minimum share capital in the amount of 100 RSD, which is less than 1 EUR. Process of incorporation is fast, and company can be incorporated within 5 working days. Founder of the company can also be a director of the company and he/she can perform activities without being employed and without any salary which can reduce obligations related to the expenses, tax, etc. Nowadays most of the business activities can be performed online and working at home, therefore various virtual office services can be used as business address and office space.