Doing Business 2020

Serbia
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 Starting a business
Serbia made starting a business more complicated by requiring that entre-
preneurs obtain an electronic certificate and register the ultimate beneficial 
owners separately after incorporation.

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DOING BUSINESS 2020
120
✓
 Dealing with construction permits
Serbia made dealing with construction permits easier by implementing a 
new online portal and by reducing administrative fees.
✓
 Getting electricity
Serbia improved the reliability of power supply by reengineering substa-
tions, installing remote control systems, and improving grid maintenance.
✓
 Protecting minority investors
Serbia strengthened minority investor protections by requiring an external 
review and immediate disclosure of related-party transactions, clarifying 
ownership and control structures as well as requiring greater corporate 
transparency.
✓
 Paying taxes
Serbia made paying taxes easier by introducing internal deadlines to refund 
value added tax credits.
✓
 Enforcing contracts
Serbia made enforcing contracts easier by establishing financial incentives 
for the parties to attempt mediation.
✓
 Resolving insolvency
Serbia made resolving insolvency easier by requiring creditors to approve 
the appointment of the insolvency representative and providing them with 
the right to information on the financial status of the debtor.
Seychelles
✓
 Dealing with construction permits
The Seychelles made dealing with construction permits faster by streamlin-
ing internal processes.
Sierra Leone
✓
 Trading across borders
Sierra Leone made trading across borders faster by upgrading its customs 
electronic data interchange system, thereby reducing the time for import 
documentary compliance.