Ljubica Nikolić

DOI Number
First page
Last page


Increasing the investment activity of the existing companies and stimulating the incorporation of new companies is one of the factors of economic development. Many factors determine the scope of economic activity in a country, one of them is the procedure for incorporating economic entities. If we start from the assumption that the investor, domestic or foreign, has assessed the possibility of profiting in a specific economic environment, the first step in the realization of their business idea is the incorporation of their company. The legislation in Serbia provides an opportunity for a significant part of the procedure for incorporating business entities to be conducted electronically. Using this opportunity implies the knowledge of several laws related to the procedure for incorporation registration, as well as mastering new e-methods of communicating and running business. In this paper, we point out the normative solutions related to the e-registration of companies in Serbia and the problems in the practice that the founders encounter. E-registration of business entities entails the understanding of numerous e-instruments such as: e-documents, qualified e-signature, e-address, user applications, qualified e-time stamp and others. Memorandum of Association and other acts can be made in written or e-form, so the question arises whether all documents when forming a company can be in e-form and how an e-document can be materialized without losing legal force. Another legal obligation in our country, for some companies, is the e-records of beneficial owners. We will deal with these and other practical issues that the founders of companies in Serbia face in this paper.


incorporation of companies, e-registration, Business Registers Agency, regulations, practical issues

Full Text:



Jones, Ch. & Jensen, G. (2019). Investments: Analysis and Management, John Wiley & Sons Inc.

Jevremović Petrović, T. (2016). Ništavost statusne promene nakon registracije[Nullity of a Status Change after the Registration]. Anali Pravnog fakulteta u Beogradu, 2, 79 -104.doi:10.5937/AnaliPFB1602079

Kraakman, R., Armour, J., Davies, P., Enriques, L., Hansmann, H., Hertig, G., Hopt, K., Kanda, H., & Rock, E. (2009). The Anatomy of Corporate Law: A Comparative and Functional Approach. Oxford University Press.

Lepetić, J. (2010). Registracija privrednih subjekata [Registration of Business Entities] Pravni život, 11, 193-202.

Mason, S. & Seng, D. (Eds). (2017).Electronic Evidence, Observing Law–IALS Open Book Service for Law

Nikolić, Lj., Mojašević, A. (2016). Ekonomija za pravnike [Economy for Jurists], Medivest Niš.

Vasilјević, M. (2013) Kompanijsko pravo [Company Law], Pravni fakultet Univerziteta u Beogradu.

Vasilјević, M. (2016). Pravo i privredno poslovanje [Law and Business Operations] Pravo i privreda, 4-6.

Directive EU 2017/1132 of the European Parliament and of the Council

European Investment Bank. Investment Report 2020/2021 Building a smart and green Europe in the COVID-19 era.(2021)

Zakon o elektronskom dokumentu, elektronskoj identifikaciji i uslugama odpoverenja u elektronskom poslovanju [Law on electronic document electronic identification and trust services in electronic business], Official Gazette of the RS No. 94(2017)

Zakon o privrednim društvima [Law on Companies], Official Gazette of the RS No. 36(2011), 99(2011), 83(2014), 5(2015), 44(2018), 95(2018), 91(2019)

Zakon o tržištu kapitala [Law on Capital Market], Official Gazette of the RS No. 31(2011), 112(2015), 108(2016), 9(2020), 153(2020)

Zakon o Agenciji za privredne registre [Lawon the Business Registers Agency], Official Gazette of the RS No. 55(2004), 111(2009), 99(2011)

Zakon o postupku registracije u Agenciji za privredne registre [Law on Registration Procedure in the Business Registers Agency], Official Gazette of the RS No. 99(2011), 83(2014), 31(2019)

Zakon o overavanju potpisa, rukopisa i prepisa [Law on Certification of Signatures,Manuscripts and Transcripts], Official Gazette of the RS No. 93(2014), 22(2015), 87(2018)

Zakon o opštem upravnom postupku [General Administrative Procedure Law], Official Gazette of the RS No. 18(2016), 95(2018)

Zakon o upravnim sporovima [Law on Administrative Disputes], Official Gazette of the RS No. 111(2009)

Zakon o centralnoj evidenciji stvarnih vlasnika [Law on Central Records of BeneficialOwners], Official Gazette of the RS No. 41(2018), 91(2019)

Zakon o javnim agencijama [Law on Public Agencies], RS Official Gazette No. 18(2005), 81(2005), 47(2018)

Zakon oračunovodstvu [Law on Accounting], Official Gazette of the RS No. 62(2013), 30(2018), 73(2019)

Zakon oreviziji [Law on Auditing], Official Gazette of the RS No. 73(2019)

Pravilnik o sadržini registra privrednih subjekata i dokumentaciji potrebnoj zaregistraciju [Rulebook on the content of the business entities register and documents required for registration], Official Gazette of the RS No. 42(2016)

Odluka o naknadama za poslove registracije i druge usluge koje pruža Agencija za privredne registre [Decision on the fees forregistering and other services provided by the Business Registers Agency], Official Gazette of the Republic of Serbia No. 119(2013), 138(2014), 45(2015), 106(2015), 32(2016), 60(2016), 75(2018), 73(2019), 15(2020), 91(2020), 11(2021)

Odluka o bližim uslovima i načinu otvaranja, vođenja i gašenja tekućih računa [Decision on detailed conditions and manner of opening, maintaining and closing current accounts], Official Gazette of the RS No. 55(2015), 82(2017), 69(2018)

Odluka o načinu, uslovima i naknadama za preuzimanje podataka u elektronskoj formi o statusnim i drugim promenama pravnih i fizičkih lica registrovanih u Agenciji za privredne registre [Decision on the method, conditions and fees for data retrieval in electronic format on the status and other changes of legal and natural persons registered with the Business Registers Agency], Official Gazette of the RS No. 56(2011)



  • There are currently no refbacks.

© University of Niš, Serbia
Creative Commons licence CC BY-NC-ND
Print ISSN: 0353-7919
Online ISSN: 1820-7804