Serbia

Ease of Doing Business in

Serbia

This page shows summary Doing Business 2012 data for Serbia. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Eastern Europe & Central Asia
Income Category Upper middle income
Population 7,289,300
GNI Per Capita (US$) 5,820.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
92 88 down -4
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 92 81 up -11
Dealing with Construction Permits 175 174 up -1
Getting Electricity 79 77 up -2
Registering Property 39 98 up 59
Getting Credit 24 21 up -3
Protecting Investors 79 74 up -5
Paying Taxes 143 140 up -3
Trading Across Borders 79 78 up -1
Enforcing Contracts 104 94 up -10
Resolving Insolvency 113 91 up -22

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 92 DB 2011 Rank 81 Change in Rank down-11
Indicator Serbia Eastern Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
7 6 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
13 16 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
7.8 8.3 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
6.0 10.0 14.1
No. Procedure Time to Complete Associated Costs
1 Notarize the memorandum of association and lease contract at the Basic Court 1 day see comments
2 Open a temporary bank account; pay founding deposit or its part and all other fees 1 day no charge
3 Apply and obtain the registration certificate, tax identification number, pension fund (PIO Fund)and Health Fund certificates, certify the signatures (three copies) for opening bank account and register the employment contracts with the Employment Organization at Business Registers Agency (SBRA) 3 days RSD 5750 (RSD 4000 + RSD 1750 )
4 Open a permanent business account with the commercial bank 1 day (less than half a day) RSD 400 (signature certification and republic tax)
5 Make Stamp and seal 1 day RSD 2500
6 Register with local tax authority 5 days no charge
7 Register the employment contracts with the Employment Organization/Fund 1 day no charge

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