Author: Marija Grbic

Explore how Serbia’s new Unified Permit simplifies the process of employing foreign professionals — from legal requirements to application tips.

As global labor markets continue to evolve, the Republic of Serbia has positioned itself as an increasingly attractive destination for foreign professionals. With the introduction of the new Law on Foreigners, Serbia now offers a Unified Permit — a streamlined document that combines both a work permit and temporary residence, simplifying the process for those seeking employment in the country.

Driven by growing competitiveness and a noticeable labor shortage, many foreign nationals are beginning to recognize Serbia as an emerging market full of career development opportunities. In addition, the country has become a popular destination for freelancers looking for a balance of lifestyle and professional growth — a topic we’ll explore in more detail in an upcoming article.

Working in Serbia: What You Need to Know

If you’re planning to work in Serbia as an employee within a registered legal entity, you’ll need a Unified Permit or a long-term employment visa.

Serbian employers can legally hire foreign nationals for the duration of the permit or visa. Although it is possible to hire someone for an indefinite period, the actual employment duration remains tied to the validity of the permit. Under the new legislation, the Unified Permit is issued as an ID-1 document and can be valid for up to three years.

For Employers: How to Hire Foreign Nationals

If you’re an employer looking to hire a foreign national, you’ll need to submit the required documentation electronically. This includes:

• A labor market test

• A draft employment contract

• Other supporting documents as outlined by law

While the process has been streamlined, it can still be complex — especially for first-time applicants.

Need Help?

With the recent changes brought by the new Foreigners’ Law, navigating the application process can be challenging. Our team offers professional support to help you obtain the necessary documentation safely and efficiently — ensuring you or your prospective employee can legally work and thrive in the Republic of Serbia.

Contact us today to take the next step in your career journey or to strengthen your team with international talent.

Serbia offers an attractive option for international businesses seeking a corporate bank account due to its stable banking system and access to European and global markets. Here’s a simplified process:

1. Can a Non-Resident Company Open an Account?

Yes, foreign companies can open a corporate account in Serbia without needing a local subsidiary, but banks will require specific documents and conduct due diligence.

2. Benefits of a Serbian Corporate Account:

◦ Access to European and international markets

◦ Lower banking fees than some EU countries

◦ Multi-currency accounts with flexible exchange options

◦ Strong banking system and tax efficiency incentives

3. Requirements:

◦ Corporate Documents: Certificate of Incorporation, Articles of Association, and a Business Register extract.

◦ Identification: Passports and proof of address for directors and the company.

◦ Financial Info: Business plan, source of funds, and expected transactions.

4. Process:

◦ Choose a bank (e.g., Raiffeisen, UniCredit)

◦ Prepare documents (notarized and translated into Serbian)

◦ Some banks may require a personal visit; others allow remote applications.

◦ Bank conducts KYC and AML checks, then activates the account.

5. Costs & Fees:

◦ Opening Fees: €100 – €500

◦ Monthly Fees: €5 – €50

◦ Transaction Fees vary based on transfers

◦ Minimum Deposit: Typically €500 – €1,000

6. Multi-Currency & Payment Options:

◦ Serbian banks allow accounts in RSD, EUR, USD, GBP, CHF, and support SWIFT and SEPA payments.

Final Tips:

• Ensure documents are properly notarized and translated.

• Research banks to find one that fits your needs.

• Confirm if a personal visit is required.

Serbia’s banking system offers a seamless and cost-effective option for non-resident companies looking to expand in Europe.

For further details, please visit    Corporate Bank Account for Non-Residents or contact us at office@welcometoserbia.org, or through our online chat.

 

If you are a non-resident and want to open a personal account in Serbia, here’s what you need to know:

 

 

1. Who can open a non-resident account?

• Foreign citizens without residence in Serbia
• Serbian citizens residing abroad
• Foreign workers , digital nomads, and students in Serbia.

 

 

 

2. Types of non-resident accounts

• Foreign currency account – Allows you to receive and send money in foreign currency.
• Dinar account – Allows payments in Serbia (e.g., bills, purchases).
• Combined account – It has both a dinar and a foreign currency segment.

 

 

 

3. Required documentation

• Passport (original + copy)
• Proof of address abroad (e.g., utility bill)
• A confirmation of the source of funds may be needed if required.
• Some banks may require proof of the source of funds (e.g., employment contract)

 

 

 

4. Which banks offer non-resident accounts?

• Banca Intesa – Convenient for international transactions.
• Raiffeisen Bank – Offers flexible packages for foreigners.
• UniCredit Bank – Quick processing of requests.
• OTP Bank – Features a well-rated mobile application.
• Postal Savings Bank – Limited digital options, but solid account conditions.

 

 

 

5. Key tips

• Choose a bank that supports your preferred currency (EUR, USD, etc.).
• CRS Free Zone
• Check the fees for international transactions.
• It is possible to open an account remotely, but most banks require a personal presence.
• Online banking is helpful if you are not often in Serbia.
• If you plan to stay long-term, check the options for a resident account.

 

 

This guide is designed to assist you in comprehending the requirements and available options for opening a non-resident personal account in Serbia.If you need assistance with a specific bank or process, please don’t hesitate to reach out.

 

 

Find out more about the WTS services Banking and bank accounts > (https://welcometoserbia.org/en/services/personal-bank-account-for-non-residents/).