TRANSFER OF STAKE IN A COMPANY WITH LIMITED LIABILITY (L.L.C.) – LAW OFFICE BELGRADE KNEŽEVIĆ Limited liability company can have one or more members. A member of a limited liability company can perform a transfer of stake on another member or to a third party. In accordance with the Company Law, the transfer of stake is free, unless otherwise determined by law or the founding act. FORM OF STAKE TRANSFER CONTRACT – LAW OFFICE FOR COMMERCIAL LAW IN BELGRADE The stake is transferred by written contract concluded between the transferor and the acquirer as well as by other means prescribed by Law. It is important to emphasize that the signatures on the stake transfer contract are authenticated. The acquirer acquires the stake on the day of registration of stake transfer in the Agency for Commerce Registers. PREEMPTIVE STAKE RIGHT AND VIOLATION OF PREEMPTIVE STAKE RIGHT – LAW OFFICE BELGRADE Members of a company have the preemptive stake right that is subject of transfer to a third party, unless that right is excluded by the founding act or by law. In other words, the transferor of stake is obliged to offer its stake to all other members in the company before […] Read More
BRANCH AND REPRESENTATIVE OFFICE OF THE COMMERCIAL COMPANY IN SERBIA – LAW OFFICE BELGRADE KNEŽEVIĆ BRANCH OF THE COMMERCIAL COMPANY IN SERBIA – LAW OFFICE FOR COMMERCE LAW IN BELGRADE During the foundation on the commerce company itself or in the course of its further business, a need may occur, to perform activities outside of the registered office of the company`s headquarters, so in such situations opening a branch of a company is the most likely resort. By Law on commerce, a branch is defined as a separate organizational part of a commerce company on the territory of Republic of Serbia through which the company conducts its business in accordance with the law. It is important to mention that a branch does not have the status of a legal entity and in legal transactions it acts on behalf of and for the account of the commerce company. Also, for the obligations towards third parties that arise during the branch business, the commerce company that established the branch is liable, and not the branch itself. A branch can be a branch of a domestic company, as well as a branch of a foreign company. A branch of a foreign commerce company […] Read More
Establishment of an entrepreneurial agency, obtaining a temporary residence permit and a work permit for foreigners – Law Office Belgrade Knezevic If you are a foreigner who wants to establish its own entrepreneurial agency for the purpose of obtaining a temporary residence permit based on self-employment and for obtaining a work permit in Serbia, this is an article for you. Apart from self-employment grounds, a temporary residence and work permit may also be granted on the basis of employment in Serbia and on the basis of assignment to work in Serbia, in which case the list of required documentation is slightly longer than for the case of self-employment. It should be noted that for a stay of up to 90 days in Serbia, no special approval from the Ministry of Interior (MUP) is required, while for a stay longer than 90 days it is necessary to have one. Temporary residence may be granted for a period of one year, after which it may be extended for the same period. Establishing an entrepreneurial agency The establishment of an entrepreneurial agency is carried out before the Business Registry Agency (BRA) and the procedure is performed within a few days. The following documents […] Read More
Establishment (registration) of the limited liability company (LLC) – Law Office Belgrade Serbia Knezevic The registration of a limited liability company (LLC) in Serbia is carried out in the Business Registers Agency (BRA). The shareholder of an LLC in Serbia can be a natural or legal person, both domestic and foreign. LLC in Serbia may be established by one or more shareholders. The LLC management can be organized as one-tier or two-tier. One-tier management means that the company is managed by one or more directors, while two-tier management means that the company has a supervisory board in addition to one or more directors. Share capital of limited liability company in Serbia – Law Office Belgrade Limited liability company in Serbia must have a registered share capital, which may be monetary and non-monetary. Share capital does not have to be paid in or entered immediately upon the establishment of an LLC, but can be paid in within five years from the date of adopting the Memorandum of Association of LLC. According to the Companies Law, the minimum share capital of LLC is RSD 100 (less than 1 EUR). LLC must have a registered business name (consisting of the selected name, the […] Read More
Law Office for Labor Law and Employment Relations – Law Office Belgrade Knezevic Law Office Knezevic in Belgrade represents the clients in the field of labor law, both employers and employees. Labor law is a broad area, and on the one hand, it covers labor law disputes, and on the other, preparation of legal documentation for legal entities. Law Office for drafting of labor-legal acts for companies (Employment Contract, Employment Rules, Rules on Organization and Systemization of Work Positions, etc.) Every employer with more than 10 employees is obliged to adopt the Rules on Organization and Systemization of Work Positions, while each employer is obliged to adopt the Employment Rules in order to determine the rights, obligations and responsibilities arising from the employment relationship. The employment relationship with the employee is concluded by the Employment Contract. Law Office Knezevic provides legal services for the compilation of the above-mentioned legal documents, in order to fully comply with the legal provisions, as well as its proper implementation, and in order to avoid potential litigation. Also, we provide legal assistance in preparing the documentation and carrying out the procedure of employment termination in accordance with the law, in order to harmonize the interests […] Read More
Purchase of Real Estate-Law Office Belgrade Knezevic Attorney at Law for buying of real estate, Law Office for real estate, etc. These are the most common phrases you type in Internet browsers when you finally find a flat that suits you. This means that you have come to the final stage of the realization of buying your new nest. Contracts for the sale of real estate are contracts that must be in writing and certified (solemnized) by a public notary. So, you (or a lawyer for you) make a contract, and the public notary certifies it. What is important at the beginning is that the lawyer checks the entire documentation and that there is a legal continuity of ownership, if the seller is not registered as the owner of the real estate being sold. Also, we always advise the clients to obtain from the Real Estate Cadastre a recent list of immovable property, dating a couple of days before the date of conclusion of the contract, in order to see if there are any encumbrances on the real estate. The conclusion of a contract for the sale of real estate may be preceded by a pre-sale contract for the sale […] Read More
Criminal Defence Lawyer (Law Office in Belgrade dealing with Criminal Law) – Law Office Knezevic Belgrade A lawyer for criminal law in Serbia or in Belgrade, a lawyer for criminal cases, a law office dealing with criminal law, are often asked questions by a person (or its relatives) against whom the criminal proceedings are being conducted, or who is planning to take it against someone. The aim of criminal law is to combat crime, i.e. to provide protection to the most important goods and values from the behavior that hurts them. Criminal law is a large area, however in Serbian Law the criminal matter is made up of two laws, the Criminal Code and the Criminal Procedure Code. There is also a Law on the Enforcement of Criminal Sanctions and the Law on Juvenile Perpetrators of Criminal Offenses. There is a large number of crimes that have been sanctioned in Serbian Law, from milder crimes, such as insult, to harder crimes such as heavy theft, selling narcotics, to the toughest, such as organized crime and murder. Criminal sanctions in Serbian Law The criminal sanctions known in the Serbian Law are: security measures, corrective measures, warnings (court warnings and suspended sentences) […] Read More
LIQUIDATION OF LIMITED LIABILITY COMPANY (LLC) IN SERBIA – Law Office Knezevic Belgrade As a part of corporate law, Law Office Knezevic in Belgrade represents its clients throughout the liquidation procedure before the Business Registers Agency, which includes preparation of all acts necessary for conducting the liquidation procedure, filing relevant registration applications to the Business Registers Agency, as well as all other actions aimed at lawful implementation of the liquidation process. According to the Serbian regulations, a liquidation of the company may be voluntary and forced. A company can be put into liquidation voluntarily if case that it is solvent i.e. that it has sufficient means to fully settle its obligations to creditors. On the other hand, forced liquidation is ex officio initiated by the Business Registers Agency in the cases provided by the law. The company in liquidation in Serbia has to carry out three steps before the Business Registers Agency in order to fully perform a liquidation process. Step 1: Starting of procedure of liquidation of limited liability company in Serbia – Attorneys in Law in Belgrade The first step in order to start the liquidation procedure is submission of application for registration of liquidation (winding-up) procedures along […] Read More
Law Office for Corporate Law – Law Office Knezevic Belgrade Serbia Law Office Knezevic provides legal entities with legal services relating to their business activities. Services of Law Office Knezevic include both the general harmonization of business operations with applicable regulations and representation in the specific areas described below. Representation of business entities in commercial disputes Commercial disputes may be triggered by a breach of corporate contracts, in relation to real estate or protection of intellectual property rights, etc. Preparation of all types of business contracts Business contracts include contracts concluded by companies in the performance of their business activities. Law Office in Belgrade for Corporate and Business Law Law Office Knezevic in Belgrade represents its clients in the field of corporate and business law, which specifically includes: incorporation of companies status changes (merging, joining, etc.) increase and decrease in the share capital changes in the ownership structure representation before the Business Registers Agency Collection of corporate receivables Law Office in Belgrade Knezevic represents its clients in the collection of their receivables. Law office for liquidation and bankruptcy Law Office Knezevic in Belgrade represents its clients throughout the liquidation procedure before the Business Registers Agency, which includes preparation of all […] Read More
EQUITY INCREASE AND DECREASE OF LIMITED LIABILITY COMPANIES (LLC) – Law Office Knežević Belgrade Within business law and corporate law, the Law Office Knežević Belgrade represents clients in the procedure of increase and decrease of equity with limited liability companies (LLC) in the Business Registers Agency which includes preparation of relevant acts and submission of appropriate registration applications. EQUITY INCREASE OF LIMITED LIABILITY COMPANIES (LLC) – ATTORNEY AT LAW BELGRADE SERBIA In line with the Law on Companies the equity of a limited liability company may be increased by: -new stakes of existing shareholders or shareholders joining the company; -converting reserves or profit into equity; -converting receivables of the company into equity; -status changes that result in equity increase; -converting additional payments into equity. During the registration of the monetary capital increase with the Business Registers Agency, the registration application for the equity increase of the limited liability company shall be accompanied with the Decision of the General Assembly of the Company on Equity Increase, as well as the certificate of the bank on monetary stake payment. If equity is increased by non-monetary stake it is necessary (in addition to the registration application and Decision of the General Assembly) to submit […] Read More
