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Random information on the term “DOO”:
Društvo sa ograničenom odgovornošću (Serbian Cyrillic: друштво са ограниченом одговорношћу; abbr. d.o.o., Serbian Cyrillic: д.о.о.) is a kind of legal corporate entity in Croatia and Serbia which literally means (but is not entirely equal to) “limited liability society”. It is often confused with the American term limited liability company, with which it shares some characteristics, but it is more similar to a limited partnership.
If we look deeper at organization of d.o.o. it had most similarity in legislation form to Italian Società a responsabilità limitata because Italian laws were used at first as an example of such entities in making Serbia’s own legislation. d.o.o. is first time mentioned in 1996. law and now is formed and incorporated under “Zakon o privrednim društvima” – Law on corporate societies
Under law d.o.o. is registered under state agency for corporate registration – “Agencija za privredne registre” by at least one owner that could be in same time managing director. A small amount of money is required as starting capital since 2012 that is about one euro in 2019. and in 1996. it was required US$5000. There is various tax that applies in moment of incorporating that amount about 90 euros in 2019. without cost of special permissions required for some business forms and cost of mediators for incorporation of d.o.o. Registration of d.o.o. is now cheap but expenses are high.