At the end of 2019, a new Law on business organizations was adopted in Serbia, introducing it as a new financial instrument for the first acquisition of ownership. This way, employees (as well as other stake holders) will have the opportunity to acquire a stake in the company on preferential terms.
The way of acquiring a share will be done through the procedure of registration in the Central securities, depository and clearing house, whereby the procedure itself can be done directly without paying expensive broker’s fees for this service.
Such a model would be very useful to stimulate the development of micro and small companies with limited access to financial resources. The greatest benefits (based on the experience of developed economies) are expected in the information technology industry, given that small companies are unable to provide significant financial incentives to quality staff.
The new Law will start to apply from April 1, 2020 and the changes will apply to all limited liability companies.
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