There are a series of formalities, according to the New Law on Digital Assets (LDA), which allows investors to open a cryptocurrency company in Serbia. Below we present information on how to open a company in Serbia, particularly in the virtual currency sector, with the mention that our company formation agents in Serbia are at your disposal with all the support necessary to initiate this type of business. Also, they will help you with obtaining a crypto exchange license in Serbia.
Digital assets or virtual currency can have a certain value and can be traded on the exchange market. Practically, they can be sold, bought, or transferred, depending on the needs of the business and the customers. Those who want to open a cryptocurrency company in Serbia must consider some essential formalities. Among them, we list:
Therefore, if you comply with the formalities mentioned above, you can open a cryptocurrency company in Serbia, without problems and also without restrictions. It is important, however, to have a specialist help you, to be able to comply with the legislation regarding digital assets. We remind you that one of our local agents can help you with company formation in Serbia.
Local and international investors who want to trade virtual currency in Serbia must first obtain a crypto exchange license in Serbia. The National Bank of Serbia is the institution that verifies applications of this kind and provides the necessary approvals, together with the Securities Commission. Here’s what you need to do to get a crypto exchange license in Serbia:
Taxation for the cryptocurrency sector in Serbia is done as follows:
The VAT does not apply to specific virtual currencies, such as Bitcoin, due to its status of not being a legal form of payment in Serbia. On the other hand, according to the National Bank of Serbia, digital currencies are considered commodities, and hence the VAT exception for cryptocurrency transactions. There are other exceptions for cryptocurrency companies in Serbia, and here it is about 50% of capital gain taxes for companies that invest their gains in another Serbian enterprise within 90 days.
Serbia is a country that presents a series of business advantages for those who want to develop their activities and enjoy consistent profits. With a stable economy and optimal business conditions, those interested can work in various fields of interest. Below are some interesting facts and data about Serbia’s economy:
We recommend the complete services that can be offered by our company formation agents in Serbia for those who want to be active in the field of virtual currency. The legislation may seem complex for those who have not been active in this field, therefore, an experienced specialist can provide the necessary support in this endeavor. You can count on professionalism, efficiency, and transparency when you collaborate with us, so don’t hesitate to contact us and find out more about how to set up a company in Serbia.
Besides assistance for opening a cryptocurrency company in Serbia, we also provide other services. For instance, our accountants in Serbia have the necessary experience and can offer personalized services, taking into account the type of business, financial plans, and other relevant aspects. Feel free to discuss further details on this topic with our specialists. Please contact our team of specialists if you want to know more about company incorporation in Serbia, including a cryptocurrency business.