Onboarding / Platform guide
Issuing through a Serbian SPV
Company ownership, debt and revenue share on Manci are issued by a Serbian company. If yours is incorporated elsewhere, or you do not have a company yet, Manci incorporates a Serbian special-purpose vehicle (SPV) and administers it for the issuance.
How it works
Apply and choose the SPV
In the application, say where your company is incorporated and tick “I want Manci to incorporate a Serbian SPV for this issuance.” A founder applying as an individual always issues through an SPV.
Review and quote
A person reviews the application. Before any work starts, you receive a quote for the third-party costs of your engagement.
Incorporation, off-chain
Manci prepares the SPV's founding documents. The signatures are certified by a notary and the company is registered with the Serbian Business Registers Agency (APR). These steps happen outside the platform.
Issuance
The SPV becomes the issuer on Manci and follows the usual issuer process: company verification (KYB), the asset and its share classes, then the approved placement.
Administration
Manci administers the SPV for the issuance. What holders can claim, and how, is set out in the issuance's documents before anything is placed.
What you will need to provide
The exact list is confirmed for your engagement. It usually includes:
- Identity verification on Manci: KYC for an individual applicant, or KYB for an existing company.
- Your company's registry extract and its founding act or articles of association.
- Who owns and controls the company: shareholders, beneficial owners and directors, with identification of the people who sign.
- The decision of your company's competent body approving the issuance and its structure.
- The issuance terms: what the tokens represent (company ownership, debt or revenue share), the amount and the price.
- Certified translations or apostilles, where the Serbian business register requires them.
Details to check
Costs
Incorporation, notary, registry, translation and legal drafting are third-party costs. They are quoted per engagement before any work starts, and nothing is charged on-chain.
A cap per SPV
Issuance through each SPV is capped at EUR 3 million in any rolling 12 months. The platform checks the cap before a sale is approved and before new tokens are created for a direct distribution.
Already a Serbian company?
A company incorporated in Serbia issues directly as the issuer, without an SPV. It goes through the same verification and issuance steps.
Built per issuance
The structure is put together for each issuance rather than assumed once for everyone. Whether an instrument needs an SPV, and what the SPV's role is, is confirmed for your case during the engagement.
Related reference
Read the legal structure behind a token and how fees and costs are charged. The issuer registration guide covers verification and the issuer record.