HLB TM Consulting stands as a prominent accounting and financial advisory firm based in Belgrade, Serbia, offering comprehensive solutions for businesses looking to establish or expand their operations in the Serbian market. The firm operates as part of HLB International, a globally recognized network of independent accounting and advisory firms formed in London in 1969 that ranks among the top 10 European financial and tax networks. This international affiliation provides clients with access to resources across 150 countries through approximately 700 offices worldwide, making it particularly valuable for companies seeking cross-border financial expertise.
The company provides an extensive range of services centered around financial management and regulatory compliance for businesses operating in Serbia. Their core offerings include accounting and bookkeeping services that encompass everything from daily transaction recording to complex financial analysis and reporting. For companies with employees in Serbia, the firm handles comprehensive payroll services, managing salary calculations, tax obligations, social insurance contributions, and ensuring compliance with Serbian employment regulations. Their expertise extends to tax advisory services, helping clients navigate Serbia's tax system with strategies for optimization while maintaining full compliance with local requirements.
Business formation services represent another key aspect of HLB TM's portfolio, guiding international companies through the process of establishing legal entities in Serbia. The firm advises clients on whether to create branches or subsidiaries and handles the administrative requirements associated with company registration. Once established, they assist with VAT registration procedures and ongoing tax compliance matters essential for operating legally in the Serbian market. For international businesses, they provide valuable guidance on multi-jurisdictional tax issues that might affect operations spanning multiple countries, helping clients optimize their cross-border tax positions.
The team at HLB TM Consulting brings substantial expertise to their client engagements, with many professionals possessing over 15 years of experience in accounting, tax compliance, and legal matters relevant to the Serbian business environment. This depth of experience is particularly beneficial for international companies unfamiliar with local regulations who need reliable guidance to avoid compliance pitfalls. The firm's leadership includes Milka Jančić, a partner who serves as CEO and brings credentials as a certified auditor and accountant with previous experience at leading international financial firms including Deloitte.
HLB TM positions itself as more than simply a service provider, aiming to establish long-term partnerships with clients seeking sustainable business development in Serbia. Their approach acknowledges that entrepreneurs are focused not merely on daily operations but on building future growth, requiring support that extends beyond transactional services. With clients ranging from startup ventures to large multinational corporations, the firm adapts its service model to accommodate varying scales of operation while maintaining consistent quality standards regardless of client size.
The firm's client portfolio demonstrates their experience working with prominent international brands across various industries. Their roster includes well-known companies such as Sony, Deutsche Bank, Carlsberg, Panasonic, Porsche Leasing, and Nokia Siemens Networks, suggesting substantial capability handling complex financial matters for organizations with sophisticated requirements. While serving these international clients, they also focus on mid-sized and large Serbian companies seeking professional financial management services, indicating versatility in adapting to both local and international business contexts.
Located at Cara Nikolaja II 11 in Belgrade, HLB TM Consulting maintains a professional team of approximately nine employees according to business directory information. Their office provides services through standard business channels with contact options including email (office@tmconsulting.co.rs) and telephone (+381 11 344 13 73). The company is properly registered with Serbian authorities, holding tax identification number 107225462 and registration number 20759038, confirming their legitimate status as a professional services provider in compliance with local regulations.
Beyond routine financial services, HLB TM offers specialized solutions for particular client needs such as transfer pricing documentation and compliance, essential for international companies with related-party transactions. For businesses employing foreign nationals in Serbia, they provide specialized services regarding work permits and residence authorizations, helping navigate the bureaucratic requirements for international staffing arrangements. Their support extends to HR advisory services, offering guidance on employment practices and workforce management within the Serbian legal framework.
For businesses considering entering the Serbian market or those already operating there but seeking more efficient financial management, HLB TM Consulting represents a well-established option with demonstrated capabilities serving diverse client needs. Their combination of local market knowledge with international network connections positions them effectively to bridge the gap between Serbian business requirements and global financial practices. This balanced approach makes them particularly suitable for companies seeking growth opportunities in Serbia while maintaining coherent financial operations across multiple jurisdictions.

Business address
HLB TM DOO BEOGRAD
CARA NIKOLAJA DRUGOG 11,
BELGRADE,
SERBIA
11050
Serbia and Montenegro
Contact details
Phone: +381 11 344 13 73