Technical Instructions When Choosing Business Name for Company in Serbia
Nov 29, 2018
Nov 29, 2018
When establishing a firm in Serbia, besides defined rules, you can often meet many irregularities when choosing a company’s name, whether it is the case of a legal person or an entrepreneur. For example, suppose you are in the formation of your first firm or a starter in business. In that case, we advise you to respect all the legal rules related to choosing a business name and a title which are obligatory for everyone having a business in Serbia. Those are:
For example, when setting up a company in Serbia, in practice, there is often a case that a future founder writes a registration application for setting up a company without consulting a competent person about filling out the application or choosing a business name to cut his starting expenses.
Besides the name and title he decides for, he also adds’ Serbia.’ However, the business name and the title can not contain the word ‘Serbia,’ so the application is rejected. This mistake happens because they do not consult a competent person or have a detailed checkup on what is allowed in the title and what is not.
After a few days, you get notified about rejecting the application from the Business Registers Agency. Then, to register the company in Belgrade, you must pay the company’s registration expense again.
There are clear rules in the Business register agency which must be respected for the application to be regular and approved. Those are:
Before you register the business name and start your business in Serbia, there is a possibility of checking whether the title is available. You can do that on the site of the Business Register Agency through insight in the base of the central register.
Also, on the agency’s site, you can book the title. The reservation is made by sending an application with proof that you have paid a tax of 1000 dinars. In five days, the BRA confirms that you reserved the title, and if all the criteria are met, then it is guaranteed to the applicant that the name will be booked for 60 days.
The reservation can be convenient for many reasons:
According to the Companies Law, every legal person has the right to protect their business name. The business name is a company symbol, so the legal person has the right to differentiate from the competition and protect itself. The business name and the title can be protected in the following ways:
The stamp registration is done by applying to the Intellectual property office and represents the best and safest way to protect the business name. In that case, it represents the intellectual property of the company.
Legal action can be an alternative solution in certain situations. For example, suppose a wrong evaluation happens, and the company registration with the same or similar name is approved (like the name of another legal person who has been registered and practices the activity). In that case, there is confusion about whether it is the same company. The damaged company, in this case, can ask other companies to change the name or to pay specific compensation.
Before registering the company, you must go through all the enlisted steps to avoid mistakes or double expenses. We advise you to find a reliable accounting agency on time that will keep books for your future company and then consult an experienced accountant with all the questions you need competent and straightforward answers.
Before you set up your company, finding an accounting agency to take care of your legal person is significant. The accountant will be able to consult you every moment and advise you on all the questions and doubts about setting up the company and choosing the title and the business name.
A competent and reliable accounting company can offer you a wide specter of legal services necessary for the activities of your firm or company at every moment.