Why it is difficult to shut down a company in Serbia

Establishing a company in Serbia is relatively easy and straightforward, but closing it, according to claims from entrepreneurs as well as legal experts, is a “Sisyphean task.” One of the basic conditions for dissolving a firm is that the owner must first settle all obligations to the state. To do this, numerous procedures must be completed, and the larger the company’s assets, the more complicated the process becomes. The same is true if the liquidated…