S&T Country Report - Albania - WBC-INCO Net

egistration procedure, reduced costs and shorter company registration procedures.
Regulatory reforms have enabled SBRA to assist business entities in minimizing
costs and administrative formalities in dissolution, liquidation or bankruptcy
procedures. Beside, running business registers as public databases has created the
conditions to increase business investments - through loan models such as financial
leasing and pledges on movable property and rights. Banks too now enjoy far greater
legal protection than they did before the reforms.
The main goals of the Agency are to:
• reduce administrative obstacles for starting up a business;
• cut costs and the amount of time needed to close down a business; and
• improve the legal safety in the areas of banking, financial leasing and pledges
over movable properties and rights.
The SBRA runs three different types of registers: Register of Business Entities
(consisting of Business Register, Register of Entrepreneurs, Register of Foreign
Parties and Financial Reports); Register of Financial Leasing and Register of
Pledges over Movable Property and Rights.
Name: Serbia Investment and Export Promotion Agency (SIEPA)
Contact: Vlajkovićeva 3/V, 11000 Belgrade, Serbia
Email: office@siepa.sr.gov.yu
Website: http://www.siepa.sr.gov.yu/site/en/home/
The Serbia Investment and Export Promotion Agency (SIEPA) is a government
organization dedicated to effectively helping foreign investors and buyers, while
raising Serbia’s profile in the minds of international business decision-makers.
Created five years ago by the Government of the Republic of Serbia, SIEPA’s
mission is to support foreign companies seeking to set up or expand in Serbia and
Serbian companies when doing business worldwide.
Created as a one-stop-information-shop, SIEPA acts as a reliable partner for
international companies throughout the investment project to ensure its best results.
Key SIEPA services offered to prospective and existing investors are:
Pre-investment services:
• Information on FDI-related legislation;
• Macroeconomic data and profiles of specific industries;
• Operation costs analyses;
• Other information requested; and
• Business opportunities presentations.
Investment set-up services:
• Assistance with company establishment (registration, work permits, office
space etc.);
page 49/SRB