foreign investment

Serbia Introduces Stricter Beneficial-Ownership Documentation Requirements

Serbia has introduced a new beneficial-ownership regime requiring companies to provide documentary evidence supporting the identification of their ultimate owners, with the changes also affecting banking and transaction due diligence. The Law on Central Records of Beneficial Owners took effect, replacing the previous framework. Existing registered entities have 60 days from that date to update their records and upload the documentation required under the new rules. The legislation applies to most Serbian companies, except public joint-stock companies, as well as…