Serbia

Ease of Doing Business in

Krusevac, Serbia - South East Europe

This page summarizes Doing Business data for Krusevac, Serbia. The first table shows its rank among 22 cities/regions in South East Europe. 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
Income Category
Population
GNI Per Capita (US$)
Ease of Doing Business Rank among 22 cities in South East Europe Top city in South East Europe
n.a. n.a.
Topic Rankings Rank among 22 cities in South East Europe Top city in South East Europe
Starting a Business 16 Skopje, Macedonia, FYR
Dealing with Construction Permits 20 Niksic, Montenegro
Registering Property 10 Chisinau, Moldova
Enforcing Contracts 11 Zrenjanin, Serbia

Subnational Data


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.

Indicator Krusevac, 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).

View methodology
Procedures (number)
9 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.

View methodology
Time (days)
22 14 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.

View methodology
Cost (% of income per capita)
7.8 6.8 4.5

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.

View methodology
Paid-in Min. Capital (% of income per capita)
6.0 5.0 13.3
No. Procedure Time to Complete Associated Costs
1 Notarize the memorandum of association and lease contract at the Basic Court 1 day RSD 22,503 (see comments)
2 Open a temporary bank account; pay founding deposit or its part and all other fees 1 day No cost
3 Apply and obtain the registration certificate, tax identification number and certify the signatures (three copies) for opening bank account at the Serbian Business Registers Agency (SBRA) 7 days RSD 5,750 (RSD 4,000 for application form + RSD 1,750 for the registration number and the code of the Republic Statistical Agency)
4 Open a permanent business account with a commercial bank 1 day No cost
5 Make stamp and seal 1 day RSD 2,000
6 Register with local tax authority 7 days No cost
7 Register the employment contracts with the Employment Organization/Fund 1 day No cost
8 Obtain confirmation from Pension Fund 2 days No cost
9 Obtain confirmation from Health Fund 1 day No cost

Subnational Data


Close