News

42
January 5, 2019

As of the close of 2018, Serbia has now established its central register of ultimate beneficial owners. Henceforth, Serbian companies, institutions, as well as branches and representative offices established by foreign investors in Serbia are required to register their UBOs with the central register no later than 31 January 2019. The register has established an online portal in order to facilitate quick and efficient UBO registration. While disclosure is required, actual documentary support underlying UBO disclosure is not. Nevertheless, entities…

June 11, 2018

The Serbian parliament has recently adopted a new law regarding the introduction of a central registry of ultimate beneficial owners (UBOs). In force as of June 8th, the UBO law stipulates that entities and their authorized persons conducting business in Serbia shall have 30 days henceforth to identify their UBOs. Applicability is broad in scope, as the UBO law applies to both Serbian entities but also foreign companies conducting business in the Republic. With respect to foreign entities, the UBO…

August 30, 2016

Serbia’s new Enforcement and Security Act (ESA) was adopted on 18 December 2015, and has become effective as of 1 July 2016. The most relevant new rules are: the provision of new mechanisms to ensure effective enforcement; new competence of the courts and the bailiffs; and the status/role of the bailiffs. Most importantly, ESA introduces the possibility to lodge an appeal against both the decisions of the court and the bailiff, except in cases where the law explicitly excludes the…

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42
January 5, 2019

As of the close of 2018, Serbia has now established its central register of ultimate beneficial owners. Henceforth, Serbian companies, institutions, as well as branches and representative offices established by foreign investors in Serbia are required to register their UBOs with the central register no later than 31 January 2019. The register has established an online portal in order to facilitate quick and efficient UBO registration. While disclosure is required, actual documentary support underlying UBO disclosure is not. Nevertheless, entities…

June 11, 2018

The Serbian parliament has recently adopted a new law regarding the introduction of a central registry of ultimate beneficial owners (UBOs). In force as of June 8th, the UBO law stipulates that entities and their authorized persons conducting business in Serbia shall have 30 days henceforth to identify their UBOs. Applicability is broad in scope, as the UBO law applies to both Serbian entities but also foreign companies conducting business in the Republic. With respect to foreign entities, the UBO…

August 30, 2016

Serbia’s new Enforcement and Security Act (ESA) was adopted on 18 December 2015, and has become effective as of 1 July 2016. The most relevant new rules are: the provision of new mechanisms to ensure effective enforcement; new competence of the courts and the bailiffs; and the status/role of the bailiffs. Most importantly, ESA introduces the possibility to lodge an appeal against both the decisions of the court and the bailiff, except in cases where the law explicitly excludes the…

42
January 5, 2019

As of the close of 2018, Serbia has now established its central register of ultimate beneficial owners. Henceforth, Serbian companies, institutions, as well as branches and representative offices established by foreign investors in Serbia are required to register their UBOs with the central register no later than 31 January 2019. The register has established an online portal in order to facilitate quick and efficient UBO registration. While disclosure is required, actual documentary support underlying UBO disclosure is not. Nevertheless, entities…

June 11, 2018

The Serbian parliament has recently adopted a new law regarding the introduction of a central registry of ultimate beneficial owners (UBOs). In force as of June 8th, the UBO law stipulates that entities and their authorized persons conducting business in Serbia shall have 30 days henceforth to identify their UBOs. Applicability is broad in scope, as the UBO law applies to both Serbian entities but also foreign companies conducting business in the Republic. With respect to foreign entities, the UBO…

August 30, 2016

Serbia’s new Enforcement and Security Act (ESA) was adopted on 18 December 2015, and has become effective as of 1 July 2016. The most relevant new rules are: the provision of new mechanisms to ensure effective enforcement; new competence of the courts and the bailiffs; and the status/role of the bailiffs. Most importantly, ESA introduces the possibility to lodge an appeal against both the decisions of the court and the bailiff, except in cases where the law explicitly excludes the…

42
January 5, 2019

As of the close of 2018, Serbia has now established its central register of ultimate beneficial owners. Henceforth, Serbian companies, institutions, as well as branches and representative offices established by foreign investors in Serbia are required to register their UBOs with the central register no later than 31 January 2019. The register has established an online portal in order to facilitate quick and efficient UBO registration. While disclosure is required, actual documentary support underlying UBO disclosure is not. Nevertheless, entities…

June 11, 2018

The Serbian parliament has recently adopted a new law regarding the introduction of a central registry of ultimate beneficial owners (UBOs). In force as of June 8th, the UBO law stipulates that entities and their authorized persons conducting business in Serbia shall have 30 days henceforth to identify their UBOs. Applicability is broad in scope, as the UBO law applies to both Serbian entities but also foreign companies conducting business in the Republic. With respect to foreign entities, the UBO…

August 30, 2016

Serbia’s new Enforcement and Security Act (ESA) was adopted on 18 December 2015, and has become effective as of 1 July 2016. The most relevant new rules are: the provision of new mechanisms to ensure effective enforcement; new competence of the courts and the bailiffs; and the status/role of the bailiffs. Most importantly, ESA introduces the possibility to lodge an appeal against both the decisions of the court and the bailiff, except in cases where the law explicitly excludes the…