Warning of Serbian Business Registers Agency - Deadline for registration of companies expires in June

Source: Glas javnosti Wednesday, 04.05.2005. 11:11

Companies in Serbia that do not register in Business Registers Agency until June 15, 2005 will have status of inactive firm, which means that they lose right to name, statistical and tax number. Relocation of registration from Trade Court to the Agency is for free. Necessary documentation for this purpose is request form for re-registration, which can be downloaded from the web site of this Agency, last registration form from the Trade Court, tax identification number and statistical number, as well as maximum of three accounts for money operations. Starting from January, of 66,000 companies, which is the number of those registered in trade courts in Serbia, only 14,000 companies have already carried out re-registration.

Dragiša Okolišanov, director of the Business Registers Agency, said that that deadline for re-registration would not be prolonged. The list of the companies that do not do that will be delivered to the Tax Administration. Okolišanov pointed out that new companies can carry out all registration procedures only in that Agency, within 10 days. It is expected that the time needed for registration will be reduced to three days by the end of the year.

Simple and quick procedure have surely stimulated opening of new companies - 2,600 companies have been registered within 3.5 months. That means that, starting from January 2005, 33 new companies were founded on daily basis, mainly in field of trade, marketing and consulting. Production is on the bottom of the list because every tenth businessman founds production company. By the way, only 6,329 new companies were founded last year.

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