After obtaining the Serbian Business Registers Agency’s decision about the establishment of business entity or the entrepreneur and tax identification number (TIN) the following activities occur:

1. Activities of AKTIVA sistem
   
   – Controlling the accuracy of entered data and if an error is found it files a request for correcting the technical error;
   – Making a stamp, one is obligatory while making multiple stamps is possible by an agreement with the client;
   – Opening or helping during opening a bank account depends on the fact whether a bank requires the presence of a client or not;;
   – Delivering notification about the beginning of operation to the government work inspection;
   – Delivering stamp to the client and the original documentation made during the establishment process. Before delivering the original documentation, AKTIVA sistem offers client, free of charge, to write in current accounts at Business Registers Agency, if he wants. (By the law, he is compulsory but, according to information that we have, no one has been punished if this wasn’t done, yet. However, in business terms it’s a bit frivolous to not have the current account wrote in. Because, if your potential clients don’t see it on the SBRA’s website it can motivate them to avoid business cooperation with you.) If a client has multiple accounts, all of the dinar and foreign currency accounts are wrote in and the fee doesn’t increase.
   – Writing in the current account at SBRA, after the fee is paid, AKTIVA sistem submits the registration for write in, gets the decision and delivers it to the client.



2. Client’s activities
   
   – Choosing bookkeeping – accounting firm – if the potential client won’t have an employed bookkeeper there should be a contract made about keeping business books with an accounting firm registered for that activity;
   – Transferring basic equity – going to the bank in which the owner’s capital is deposited and giving an order to do the deposit transfer from a temporary account to newly opened client’s account; the founder goes to the bank personally; this activity don’t have entrepreneurs;
   – Delivering PDP form (companies) / PPDG-1R form (entrepreneurs) – tax application form for determining profit tax of the company / tax application form for determining personal income tax; the deadline is 15 days to deliver the PDP/PPDG-1R form to Tax Administration for current year; this activity usually does a bookkeeper;
   – Submitting a request for flat rate taxation; during the 15 days after establishing a company, you may submit a demand for flat rate taxation to the Tax Administration, unless you are doing activities such as commerce, catering, real estate or exchange office because in that case you don’t have a right for flat rate taxation; also, if you have applied for a VAT system, you don’t have this right either; this activity usually does a bookkeeper; this activity don’t have business entities (companies);
   – Applying for VAT system – if you decide to apply for VAT system, you are required to submit an application, EPPDV form; this usually does a bookkeeper;
   – Application of founders which have functions in society (manager) for pension and health contribution – in Pension and Disability Insurance Fund or National Health Insurance Fund do the application of founder if he/she is a director at the same time, and other founders that have a function in the society or are employed in it; for entrepreneurs only the checking of application is done; this usually does a bookkeeper;
   – Application of employees for Pension and Disability and Health Insurance – in Pension and Disability Insurance Fund and National Health Insurance Fund register employees which will work in the company; this usually does a bookkeeper;
   – Receiving letter from Tax Administration in which you are called to deliver documents for forming a taxpayer record; our advice is to show the name of the company on mailbox, door or similar, so the mailman is able to find you easily, otherwise the letter is returned to Tax Administration, which sends it again and if you don’t take it again, Tax Administration can take away your Tax Identification Number and block the company’s operation; the letter takes the manager of the business entity and validates it with stamp; this activity don’t have entrepreneurs;
   – Delivering documentation for taxpayer record after Tax Administration report – if you have received the report, deadline for delivering documentation is 15 days from the day of reception. If you don’t follow the deadline, sanction can be taking away your Tax Identification Number; this usually does a bookkeeper, if the bookkeeper doesn’t have valid power of attorney, the documentation must be delivered by authorized person of the business entity; for completing the documentation after the report, it’s very important to have a rental agreement and evidence of ownership of business space; this activity don’t have entrepreneurs;
   – Applying for GPU – application for determining fee for improving and protection of environment; this usually does a bookkeeper