Trading

In every developed financial market, one of the most important participants and drivers of market development are investors. Intercity broker JSC Belgrade has so far achieved successful cooperation and gained the trust of a large number of domestic and foreign investors.

When working with large institutional investors as well as small shareholders, Intercity broker JSC Belgrade provides the following brokerage services:

1. Opening accounts for financial instruments

2. Receipt and execution of buy/sell orders

3. Analysis

4. Consulting services

Through Intercity broker JSC Belgrade it is possible to trade the following financial instruments:

1. Stocks

2. Municipal bonds

3. Corporate bonds

4. Government debt financial instruments

All mentioned financial instruments can be traded on the Belgrade Stock Exchange or Over-The-Counter (OTC) market.

Orders to Buy/Sell Financial Instruments:

Experts at Intercity broker JSC Belgrade pay special attention to analyses and share their opinions with clients when making decisions about buying/selling financial instruments.

Required Documentation for Contract Conclusion

1. Copy of personal ID card (valid) / Scanned ID card (if the ID card has a chip) or copy of passport (valid) - Original ID card or passport must be presented for inspection;
2. Bank account card, signed on the back or Agreement with the bank;
3. If the opening of the ownership account HoV is carried out by a proxy instead of the individual, it is necessary to submit - Power of attorney certified by a notary public - Original power of attorney must be presented for inspection along with a copy of the valid ID card or passport of the proxy.
Note: After concluding the Agreement with Intercity broker, the client with the Agreement on opening and managing the ownership account of financial instruments and performing brokerage activities goes to the bank (Agreement with Intercity broker is provided for inspection only) to open a dedicated (domestic/foreign) account for buying/selling financial instruments (stocks, bonds, etc.), after which the client is obliged to provide Intercity broker with a copy of the Agreement on the dedicated account for buying/selling financial instruments.

1. Copy of personal document (passport);
2. Decision of the Tax Administration regarding the obtained Tax Identification Number (TIN);
3. Original tax power of attorney in a foreign language + original translation by a court interpreter;
4. If the opening of the ownership account of financial instruments is carried out by a proxy instead of the individual, it is necessary to submit - Power of attorney for trading in financial instruments certified by a notary public - (copy in a foreign language and original translation by an authorized court interpreter) as well as a copy of the personal ID card or passport of the proxy.
Note: For a foreign individual to trade in Serbia (buying and selling financial instruments), it is necessary to authorize a resident of the Republic of Serbia as a tax representative to obtain the TIN (Tax Identification Number).
Required documentation for obtaining the TIN: A resident or domestic individual on behalf and for the account of a non-resident or foreign individual, at the Tax Administration in the territory where they reside or at the Tax Administration Headquarters, (ul. Save Mašković 3-5), obtains the TIN for the foreign individual after submitting the following documentation:
1. Request for obtaining the TIN;
2. Original tax power of attorney in a foreign language + original translation by a court interpreter;
3. Certified copy of personal document (passport) of the foreign individual;
4. Copy of the personal document of the resident or domestic individual - tax representative, with the original for inspection.
Note: The foreign individual certifies the tax power of attorney and general power of attorney for representation at Intercity broker with the competent authority (court or notary public). Depending on the International bilateral agreement between two countries, the method and procedure for certifying the document vary. This means that in some countries, in addition to certification by a notary public, it is necessary to perform APOSTILLE, which means that the court or other competent authority (e.g., ministry) puts an APOSTILLE on the document certified by the notary public.
Note: The proxy should be aware that he/she needs a copy of the tax power of attorney and general power of attorney for the Bank, for opening an account on behalf and for the account of the foreign individual. Also, one copy of the general power of attorney is needed for the Tax Administration for tax reporting on behalf and for the account of the foreign individual.

1. Decision/Certificate of registration with the competent authority (not older than 3 months);
2. Document from the competent authority regarding the TIN (Tax Identification Number);
3. Signed and certified PO form (certified by the court or the competent authority – municipality);
4. Copy of the ID card of the authorized representative of the Company (e.g., Director registered with the Business Registers Agency as a representative);
5. Agreement with the bank on the current account of the legal entity;
6. Agreement on the dedicated account for trading financial instruments (buy/sell);
7. ID card of the real owner of the legal entity (individual holding over 25% ownership);
8. Power of attorney certified by the court and copy of the ID card of the proxy, if the account opening or other business on behalf of the Company is conducted by a proxy.
Note: The person authorized in the PO form must be registered with the Business Registers Agency as a representative, as the PO form does not indicate whether that person has any restrictions in transactions. IT IS NECESSARY FOR THE PO AND THE BUSINESS REGISTERS AGENCY TO BE IN AGREEMENT.

1. Extract from the register of business entities or other appropriate register showing the legal form of organization, headquarters, address, and representative (Original or certified documentation for inspection, with a copy of the documentation retained + original translation by a court interpreter);
2. Translation of the registration document, certified with a seal by an authorized court interpreter;
3. Original tax power of attorney in a foreign language + original translation by a court interpreter;
4. Decision of the Tax Administration regarding the obtained TIN (Tax Identification Number);
5. Copy of the ID document of the authorized representative of the legal representative of the foreign legal entity;
6. Copy of the Agreement with the bank on the current account of the foreign legal entity;
7. Copy of the Agreement with the bank on the dedicated account for trading financial instruments (buy/sell);
8. If one of the owners of the legal entity concluding the agreement is another legal entity with a stake of more than 25%, then an extract from the register for that legal entity (not older than 3 months) up to the ultimate owner-individual holding over 25% ownership is also required;
9. If the opening of the ownership account of financial instruments is carried out by a proxy instead of the legal representative of the legal entity, it is necessary to submit - Power of attorney for trading in financial instruments certified by the competent authority - (copy in a foreign language and original translation by an authorized court interpreter) as well as a copy of the ID document of the proxy.
Note: For a foreign legal entity to trade in Serbia (buying and selling financial instruments), it is necessary to authorize a resident of the Republic of Serbia as a tax representative to obtain the TIN (Tax Identification Number).
Required documentation for obtaining the TIN: A resident or domestic individual on behalf and for the account of a non-resident or foreign legal entity, at the Tax Administration in the territory where they reside or at the Tax Administration Headquarters, (ul. Save Mašković 3-5), obtains the TIN for the foreign entity after submitting the following documentation:
1. Request for obtaining the TIN;
2. Original tax power of attorney in a foreign language + original translation by a court interpreter;
3. Extract from the register of companies or other appropriate register showing the legal form of organization, headquarters, address, and representative not older than 3 months (original or certified documentation for inspection, with a copy of the documentation retained along with the original translation by a court interpreter);
4. Certified copy of the ID document (passport) of the legal representative of the foreign legal entity;
5. Copy of the ID document of the resident or domestic individual - tax representative, with the original for inspection;
Note: Intercity broker is in accordance with the Law on Prevention of Money Laundering (hereinafter: the Law) obliged to perform re-identification of the client at least once a year based on a new power of attorney, with missing or objectively unverifiable data being determined based on a written statement by the proxy (Law on Prevention of Money Laundering, Article 7). If the proxy opens an account or conducts transactions on behalf of a foreign legal entity, which does not carry out or is not allowed to carry out trading activities in the country where it is registered, or a foreign legal entity with unknown owners or managers, Intercity broker – as an obligated entity in accordance with the Law is obliged to ascertain the data by inspecting original or certified documentation not older than 3 months.

Executed Transactions through "Intercity broker" outside Belgrade Stock Exchange

In accordance with the Capital Market Law, Intercity broker a.d. Belgrade publishes data on transactions executed outside the stock exchange (OTC trading). These data relate to all financial instruments listed on the Belgrade Stock Exchange, where trading has been conducted outside the Belgrade Stock Exchange, and Intercity broker a.d. Belgrade has acted as an intermediary or direct participant.
Report on executed transactions through the Belgrade Stock Exchange via Intercity broker JSC