The Serbian government has adopted a decree which abolishes the mandatory use of company seals / stamps for business entities.
This decision was made in line with the Government’s administration modernization programme, which facilitate better position for Serbia the World Bank’s Doing Business List.
The decree states that the state administration bodies are required to prepare amendments and supplements to regulations and acts that will eliminate the mandatory use of company seals. “State administration bodies, public authority organizations and public companies founded by the Serbian government have been ordered to amend their own internal acts and forms within 30 days, which prescribe the mandatory use of company seals”, the government’s media office says.
The government also adopted a proposal that will enable citizens of Serbia to purchase digital products in foreign currency, as stipulated in the amendments to the Law on Foreign Exchange Operations.
“With this change, the citizens of Serbia will no longer have to establish companies abroad, but they will be able to run their digital business from Serbia and service customers from all over the world”, the government’s statement reads.
The said changes in the law allow for foreign donations to be made via foreign electronic money services, such as PayPal.