Electricity Trade in Serbia

Stojkovic Attorneys Energy Law Firm Serbia Business and Tax Services Serbia (2)

How to Register an Electricity Supply Business

Electricity trade in Serbia represents a significant business opportunity for companies looking to enter the energy market. To start this activity, you must go through the legal procedure of registration and licensing. In this article, we provide a detailed explanation of all the steps and requirements for a successful start in the electricity supply sector.

1. Establishing a Legal Entity

The first step in this process is establishing a legal entity. Depending on the size and scope of your planned business, you can choose the legal form that best suits your needs, such as a limited liability company (LLC) or a joint-stock company (JSC).

The registration of a legal entity is carried out at the Serbian Business Registers Agency (SBRA). Some of the essential documents required for registration include:

  • Articles of Incorporation,
  • Personal identification documents of the founders,
  • Proof of payment for the registration fee.

2. Submitting a License Application

Once your company is successfully registered, the next step is obtaining a license for electricity supply operations.

The license application is submitted to the Energy Agency of the Republic of Serbia. Along with the application, you need to provide the following documentation:

  • Proof of technical capability,
  • Financial plan,
  • Other documents confirming compliance with the requirements.

3. Application Review

The Energy Agency has 30 days to review the submitted application and issue a decision. There are two possible outcomes:

  • Positive Decision: The license is issued with a validity period of 10 years.
  • Negative Decision: In this case, you have the right to appeal to the Ministry of Mining and Energy within 8 days.

4. Special Conditions for Foreign Legal Entities

If the applicant is a foreign legal entity, it is mandatory to appoint a representative for receiving notifications in Serbia. This ensures an efficient process and facilitates communication with the relevant authorities.

5. Legal Advice and Support

The registration procedure can be challenging, but with professional legal assistance, you can navigate all the steps smoothly. Our legal team is here to help you with:

  • Document preparation,
  • Advice on legal requirements,
  • Representation before the relevant institutions.

Conclusion

Electricity trade in Serbia opens many opportunities, but it requires thorough legal and administrative preparation. Our team can assist you in successfully registering your electricity supply business and starting operations.

Contact us for more information or to initiate the registration process. Our legal experts are here to support you every step of the way.

PS: If you’re planning to sell electricity to Serbian entities, you must secure a Contract for Further Electricity Distribution Between Suppliers and Elektroprivreda Srbije to legally operate in this market. Learn more about this essential requirement by reading our detailed guide HERE

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