Shareholders-Maximum 50, legal entities and/or natural persons. Minimum Capital-RSD 100.
A limited liability company is a company in which one or more members of a company have shares in the fixed assets, provided that members of the company are not responsible for liabilities of the company except in case of exceeding legal authorities. A limited liability company may be established by domestic and foreign physical and legal persons, members of the company.
The fixed assets of the company shall amount to at least 100.00 dinars; higher investment may be required by a special law in case of companies perform certain activities.
Member of the company acquires share in the company in proportion to the value of his investment in the fixed assets, unless the Founding Document of the company or the unanimous decision of the Assembly states otherwise. Member of the company can have only one share in the company. If the shareholder acquires more shares, the shares are merged and viewed as a single share.
The investments may be cash or in kind, and they are expressed in local currency. If the payments are made in foreign currency, the equivalent in dinars is calculated at the average exchange rate of the National Bank of Serbia on the day of the investment. Securities are not considered as an investment.
The founding capital of a limited liability company does not need to be deposited, but it must be registered in the books, and the Founding Document shall specify the period due for payment, which cannot be longer than 5 years starting from the adoption of the Founding Document.

The following documents must be included in the request for registration:,

• standard application form for registration of legal and other entities and application for issue of the tax ID number,
• the founding document (decision or agreement) with certified signatures of the members,
• proof of the member's identity (for nationals – photocopy of the identity card, for foreigners – photocopy of passport or identity card, if issued to a foreigner, or registration certificate if the founder is a legal person that is not registered with the Business Registers Agency),
• decision on appointment of the representative, if not specified in the Founding Document
• signature of the authorized representative, certified by the relevant certifying body,
• bank statement confirming that the cash deposit was made, if the deposit is being made prior to establishment; or, agreement of the members on assessing the value of the in kind contribution, that is, the assessed value of the in kind contribution, if the contribution is provided prior to establishment.
• proof of payment of fees for registration and publication of the founding document,
• proof of payment of fees for issue of the registration/identification number.
• proof of payment of the registration fee.

Business association is a legal entity established by tree or more companies or entrepreneurs for gaining common interests.
Business association could not perform a certain activity for making a profit, but for gaining the mutual interests of its members.
Business association performs its activities in accordance with the Law on Limited Liability Company, if not stipulated otherwise.

Representative office of a foreign company is its organizational unit that can perform preliminary and preparatory actions leading to conclusion of legally binding agreements. The representative office is established by a decision of a foreign company's relevant organ. Representative office is not a legal entity.
The representative office can conclude legally binding agreements related only to their current operations.
A foreign company has responsibility towards third parties for liabilities arising from operations of its representative office.
The following documents must be included in the request for registration:

• standard application form for registration of legal and other entities and application for issue of the tax ID number,
• decision on opening of representative office,
• registration certificate issued by the register in which the foreign company is registered, translated by the sworn translator,
• evidence of bank accounts used by the foreign company for business transactions,
• signature of the authorized representative of the representative office certified by the relevant certifying body,
• statement of the foreign company authorized representative in which he/she takes responsibility for all liabilities resulting from business activities of representative office, certified by the relevant organ and translated by the sworn translator,
• proof of payment of the registration fee
• proof of payment of fees for issue of the registration/identification number.

In addition to documents written in a foreign language, the translation into Serbian language by the sworn translator shall be submitted as well.

Foreign company's branch office is its separate organizational unit through which the company performs business actions in the Republic of Serbia, in accordance with the law.
Foreign company's branch office is registered upon the decision of the relevant body of a foreign company. Foreign company's branch office has its main line of activity, but it can perform all other activities permitted by law, regardless of the fact whether they have been specified by the decision on establishment of the branch office.
Branch office is not a legal entity, but for tax purposes – it has a residential status.
The following documents must be included in the request for registration:

• standard application form for registration of legal and other entities and application for issue of the tax ID number,
• decision on opening of foreign company branch office,
• registration certificate issued by the register in which the foreign company is registered, translated by the sworn translator,
• evidence of bank accounts used by the foreign company for business transactions,
• signature of the authorized representative, certified by the relevant certifying body,
• statement of the foreign company authorized representative in which he/she takes responsibility for all liabilities resulting from business activities of representative office, certified by the relevant body and translated by the sworn translator
• proof of payment of the registration fee