Starting a New Business or Project

Would you like to start a new business or project?

Our team can provide valuable services, from analyzing the idea from legal, market, and financial perspectives to preparing a detailed business model and plan. If the final results meet your requirements, we can assist you in establishing a company with the relevant institutions and preparing all required legal documentation in accordance with Serbian legislation, as well as established accounting and tax regulations. Within this service line, we offer:

• Company formation, including all legal and accounting support for operations

• Development of business models and plans

• Feasibility studies

• Market and environment analysis

• Support in securing government subsidies

• Preparation of investment projects

• Business process improvement

Would You Like to Improve Your Current Business System?

Our goal is to provide clients with optimization of all business processes and procedures that result in measurable cost and time savings. Based on the analysis of needs and experiences of our clients, partners, and collaborators, we have developed the following types of services:

• Business process optimization: finance, procurement, human resources, invoicing, etc.

• Implementation of internal procedures for all processes and establishment of internal control mechanisms

• Support in implementing new ERP software

• Analysis of organizational structure and improvements in organizational design

• Procedures for approving business transactions at various levels and positions within the company

• Preparation of business plans and models

• Operational restructuring

• Improving the current business model and results

Additional Solutions We Offer:

• Management of key performance indicators

• Preparation of company budgets, forecasting revenues and expenses

• Establishment and determination of credit policy for clients

• Accounts receivable (AR) and accounts payable (AP) management and cash flow optimization

• Outsourcing CFO or business controller roles

• Negotiations with banks, auditors, and other financial institutions

• Risk management services

Risk Management

Uncertainty is central to risk. Risk has two faces: it is both a symbol of danger and of opportunity. Businesses strive to maximize opportunities while minimizing dangers. To understand risks, companies need to comprehend the consequences of adverse events. The likelihood (probability of occurrence) and consequences (event impact) determine risk intensity.

Our expert team can assist you in risk identification, risk analysis, and preparation of an action plan to minimize the negative effects of various risk types.

After identifying relevant risks, it is necessary to analyze each risk’s likelihood and consequence. We can assist you in analyzing risks such as:

• Sales potential change risk

• Procurement price and terms change risk

• Foreign exchange risk

• Securities price risk

• Interest rate risk

• Liquidity risk

• Credit risk

• Capital risk

A crucial aspect of risk analysis is evaluating risk intensity, which combines probability and consequence. Afterwards, you decide whether the risk is acceptable or serious enough to require preventive actions.

Legal Advisory

In cooperation with our partner law firm, we provide the following valuable services:

Corporate and Business Law:

• Establishing new companies in Serbia and preparing founding documents

• Drafting commercial and financial agreements/contracts of all types in accordance with local regulations

• Supporting the preparation of appropriate intercompany agreements on distribution and services (procurement, sales, management fee, royalty fee)

• Drafting all types of internal acts in compliance with regulations

• Representing clients before tax authorities and the Business Registers Agency (APR)

• Aligning company activities with local legislation

• Drafting appeals and representing clients in tax-legal proceedings

Labor Law:

• Preparing complete labor law documentation (employment contracts, annex offers, annexes, termination decisions, Work Rulebook, Organization and Systematization Rulebook)

• Advisory services related to labor regulations

• Drafting managerial contracts

Data Protection:

• Regulatory changes introduced by the Personal Data Protection Regulation affect traditional legal concepts and introduce new ones. The Government of Serbia proposed a new draft Law on Personal Data Protection, largely incorporating EU Regulation provisions. Our team is available to assist in aligning your business with data protection laws.

Public-Private Partnerships (PPP):

• Services related to PPP projects, including renewable energy, waste management, infrastructure, environmental protection, and natural resources

• Expert support in initial phases, including regulatory framework, potential obligations, and public-private communication in final project phases, including permits, construction, and management

Mergers & Acquisitions (M&A):

• Advisory services on share, stake, or asset acquisitions

• Advisory on joint ventures and takeovers

• Legal Due Diligence in M&A transactions

• Preparation of full transaction documentation