E-commerce Business in Serbia

April 21, 20200

E-commerce in Serbia is very easy to implement.
This service is available through banks or payment service providers.

1. Start With Your Business Name
The first thing to do (after you decide what you want to sell, of course) is to choose a fabulous,
memorable business name that no one else is using. You can conduct a corporate name search to make sure it’s not already in use.
“Welcome to Serbia” team can assist in these process.

2. Secure Your Domain Name and Website
Ideally, you’ll get your business name as your domain name, but if it’s not available, choose a URL that’s easy to say and spell, and relates to your business.
The design of your e-commerce site may be the biggest business expense you have. But you want to ensure that it’s not only visually appealing, but also functional.
Our local partners , web hosting experts will provide you with tailor-made recommendations.

3. Select The Best Business Structure and Register Your Business
An e-commerce registered in Serbia can be set up by both natural persons and legal entities. The applicable legislation allows foreign investors to register an e-commerce business in Serbia.
Serbian company formation consultants (WTS) can assist in these stages.
Our lawyers are dedicated to finding the best solution for you.

4. Choose the right hosting package
All websites have to sit on a server somewhere. Choosing the right hosting package is important for more than one reason:
✔ Website speed
✔ Uptime and performance
✔ Shared hosting environments
Our local partners, web hosting experts will provide you with tailor-made

5. Right e-commerce platform for you
Selecting the e-commerce platform that your website will run from is an incredibly important decision. There is a vast range of e-commerce platforms available, in the form of Software as a Service (SaaS) storefronts, off-the-shelf software, or bespoke solutions. Each has their own benefits and drawbacks.
Our local partners are specializing in designing, developing and implementing e-commerce platforms.

6. Secure an internet merchant account (IMA)
To make money online, you need to secure an internet ready bank account called an internet merchant account (IMA). High street banks can set these accounts up for you, although they have several requirements that you will need to meet to qualify for an account.
Our team of Serbian company formation consultants (WTS) can assist in these stages.
SIP and WTS banking experts will work with you to provide the best solutions.
We work with many International banks in Serbia and we will pick the proper one for you.

7. Choose a payment service provider (PSP)
Once you have an IMA for your business, you will need to decide on a payment service provider (PSP), otherwise known as a payment processor or payment gateway. Some banks will suggest a PSP when issuing the merchant account, but if possible it pays to shop around as the charge rates differ between them: it’s nearly always possible to find a cheaper deal.
Our local partners will integrate the World’s most commonly used payment gateways and methods into your online store: Stripe; PayPal; BrainTree; Visa/Mastercard/Amex.

8. Start Marketing Early
Even if you’re not up and running, it’s a good idea to set up social media profiles and writing content for your blog now so that you’re not starting from scratch Day 1 It’s important to plan your digital marketing activity and set aside some budget to help promote your website for the longer term. Build your brand and get found online with WTS full suite of digital marketing solutions.

Creative Finance and WTS will provide you with the best consultation and premium service approach which includes:

✔Full legal support by our in house licensed lawyers
✔Consultation by ex-bankers from our team regarding your e-commerce business
✔Tailored Marketing Solutions
✔Accounting & Tax Services
✔24/7 support in English, Russian, Spanish and Turkish
Please contact us for more information.


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