However, if a foreigner is not interested in buying a property in Serbia and does not meet the conditions prescribed by the Law on Foreigners for temporary residence, our legal system offers another option – by establishing a company!
Some conditions are similar to those for acquiring the right to a temporary residence on the basis of possessing a property, while others are inherent to this condition. First, in terms of material and health security of the foreigner, the conditions are identical. What is specific to this condition is the presentation of money the foreigner has brought to invest here. The Police Department provides information that in most cases, the foreigners do not wish to show all the money they bring, but only the minimum amount. In any case, they advise that it is better to show as much money, as it will make it easier to get temporary residence on this basis.
You have decided to establish a company, but the dilemma is whether you will be a founder or, let’s say, a legal representative. For the Police Department, which is where you apply, it is important that you are registered in the Business Registers Agency, whether as a founder, legal representative, procurator … In other words, as long as you are enrolled in the BRA, it is not important which function you have.
However, in order to choose the right form of business for your needs and to legally avoid payment of tax liabilities that may arise through this, we suggest that you carry out this procedure with an expert’s assistance.