Category: Newsletters

Law on Amendments and Supplements to the Company Law

In force as of 1 April 2020 are provisions of the Law on Amendments and Supplements to the Company Law concerning the introduction of two new financial instruments: 1) reserved own share and 2) right to acquire a share issued by a limited liability company.

Law on LTPTA, PTL, LCIT

In early December 2019, the National Assembly of the Republic of Serbia adopted a set of laws amending and supplementing the laws governing the area of tax, including: Law on Amendments to the Law on Tax Procedure and Tax Administration, Law on Amendments to the Property Tax Law and the Law on Amendments to the Law on Corporate Income Tax. The most important amendments to these laws…

Law on Amendments and Supplements to the Law on Enforcement and Security Interest

The amended Law on Enforcement and Security Interest has entered into force on 3 August 2019, and shall for the most part become applicable as of 1 January 2020. The main reason for rendering the Law is to resolve all issues arising from its application, primarily by removing any flaws from certain articles that contained incomplete and insufficiently clear provisions, as well as by introducing new legal solutions.

Investment Serbia

Law on Amendments and Supplements to the Law on Copyright and Related Rights

The Law on Copyright and Related Rights has recently been amended and is in force as of 26 September 2019. The novelties provided aim to harmonize provisions of the national law with those of the relevant EU directives, establish a more efficient system of legal protection of copyright and related rights, and a more effective collective exercise of such rights.

Consulting and legal services Serbia

Law on Amendments and Supplements to the Law on Legalization of Facilities

Having in mind the number of illegally constructed facilities which are subject to legalization, the main reason for adopting this Law is to enable more efficient implementation of the procedure for legalization of illegally built facilities in the Republic of Serbia, and to influence adjunctively on the prevention of illegal construction as well as the disposal of such facilities.

Real estate Serbia

Law on Amendments and Supplements to the Law on Planning and Construction

The main reason for adoption of the Law on Amendments and Supplements to the Law on Planning and Construction – which entered into force on November 6 2018 – is to introduce new legal solutions, to improve and change existing ones, as well as harmonization with the provisions of special laws that came into force after 2014, especially the Law on Electronic Commerce and the Law on General Administrative Procedure.

Real estate Serbia

Deadline for registration in the Central Registry

In view of the recently established Central Registry of Ultimate Beneficial Owners, authorized persons of existing registered entities are obliged to, no later than 31 January 2019, register the data regarding the ultimate beneficial owner in the Central Registry, using a qualified electronic signature. Attached herewith is a bilingual guide which describes in more detail the procedures of registration in the Central Registry.

Law on Amendments and Supplements to the Company Law

Further amendments to the Company Law aim to enable the implementation of measures from the Program for Improving the Position of the Republic of Serbia on the World Bank’s Doing Business Report for the period 2018-2019.

Doing business Serbia

Law on Amendments and Supplements to the Company Law

On 1 October 2018, most provisions of the Law on the Amendments and Supplements to the Company Law come into force, while the provisions regulating the cross-border merger and absorption of companies, the European Society and European Economic Interest Grouping shall apply as of 1 January 2022. The main reason for adopting the Law is to harmonize the legal system of the Republic of Serbia with the acquis of the EU in the field of corporate law.

Doing business Serbia