In light of the growing uncertainty and escalating risks across the Middle East region, we want to extend a heartfelt message to all our friends, clients, and partners: you are not alone. Our company stands ready to assist you in protecting your financial assets and securing a stable legal presence in Serbia—whether on a short-term or long-term basis.

Fast, Secure Solutions – Even from Abroad

You can begin the process remotely, without the need to be physically present in Serbia. Based on your individual needs, we offer accelerated services including:

• Obtaining Serbian residency and short-term visas

• Opening local bank accounts

• Secure asset transfers

• Legal structures for asset protection, including personal trusts

Our team is committed to providing a streamlined and confidential experience, tailored to your unique situation.

We Understand Because We’ve Been There

Serbia and its people have experienced times of great hardship—conflict, instability, and uncertainty. This history gives us a deep, personal understanding of the struggles many of you are facing now. We approach our work not just with professionalism, but with empathy and solidarity.

Your Safety and Future Matter

We are here to help you take meaningful steps to ensure your personal safety, protect your family, and safeguard your financial future. We invite you to schedule a free initial consultation with our experts, where we will carefully review your options and offer clear, actionable advice tailored to your specific needs.

In these challenging times, let us be your trusted partner.

Serbia’s accession to the SEPA (Single Euro Payments Area) marks a major milestone for individuals and businesses with bank accounts in the country—especially those involved in cross-border transactions. Here’s what you need to know:

 

What is SEPA?

The Single Euro Payments Area (SEPA) is a unified zone for euro transactions that allows for fast, efficient, and standardized payments across member countries. SEPA treats cross-border euro payments the same as domestic ones, simplifying transactions within Europe.

SEPA currently includes all EU member states, along with several non-EU countries such as Switzerland, Norway, Iceland, and Monaco.

 

Key Benefits for Bank Account Holders in Serbia

 

1. Faster Euro Transfers

• SEPA payments are typically processed within one business day.
• No more delays caused by intermediary or correspondent banks.

 

2. Lower and More Predictable Fees

• Transaction fees are generally equal to domestic euro payment fees.
• High intermediary bank charges (such as SWIFT fees) will be eliminated.

 

3. Enhanced International Business Opportunities

• Serbian businesses can send and receive euro payments as if they were based within the Eurozone.
• Ideal for freelancers, e-commerce merchants, IT companies, and consultants working with EU clients.

 

4. Increased Transparency and Security

• SEPA uses a standardized data format (e.g., IBAN).
• Simplifies accounting and improves financial planning.

 

5. Reduced Currency Conversion Costs

• Euro-denominated accounts allow users to bypass currency conversion from dinars, avoiding hidden exchange rate fees.

 

What Do Users Need?

There are no special procedures required. Starting in November 2025, Serbian banks will automatically enable SEPA transfers through their online and mobile banking platforms.

Users will need:

• A euro-denominated bank account (IBAN format)
• Correct recipient details (IBAN + BIC/SWIFT)

When Will SEPA Be Fully Implemented?

Serbia officially became a SEPA member in May 2025. Banks and payment service providers will begin offering SEPA-compliant services in November 2025, with full operational readiness expected by May 2026.

Need Help Opening a Euro Account in Serbia?

For more information on opening private or business accounts with SEPA capabilities in Serbia, feel free to contact us directly.

If you do business internationally or earn income from abroad, you’ve likely come across the term certificate of residency. In this article, we’ll explain exactly what a certificate of residency is, what it’s used for, and how you can obtain it quickly and efficiently — without waiting in long lines or dealing with administrative hassles.

 

What is a certificate of residency?

 

A certificate of residency is an official document issued by the Tax Administration of the Republic of Serbia. With this document, individuals or legal entities prove their status as a Serbian tax resident to foreign income payers. This certificate is essential for applying international double taxation avoidance agreements, helping you avoid paying taxes in both countries.

In this article, we focus on the POR-1 form, while we will cover the POR-2 form in a future post.

 

 

What is POR-1 and how is it used?

POR-1 is a certificate of residency issued by the Republic of Serbia. It serves as proof to foreign income payers that you are a Serbian tax resident. This certificate enables the application of tax relief provisions outlined in agreements between Serbia and other countries.

 

How to apply for a POR-1 certificate?

1. Check if Serbia has a signed double taxation treaty with the country for which you need the certificate. You can verify this on the Tax Administration’s official website.

2. Submit a request to the Tax Administration office responsible for the location of your company’s registered address. The application form has a prescribed format, available at the local tax office.

3. Specify the tax year for which you are requesting the certificate (e.g., the previous or current year).

4. Attach the required documentation, as specified by the Tax Administration.

5. Pay attention to the correct fee amount and reference number, as these vary by municipality.

How long does it take to issue the certificate?

Once a properly completed request is submitted, the POR-1 certificate is usually issued within 14 days, depending on the workload of the local Tax Administration office.

 

Can the certificate be used abroad?

Yes! POR-1 can be:

• Issued in Serbian-English or Serbian-French versions;

• Translated into other languages if necessary;

• Apostilled for international use. The apostille is issued by the competent court upon submission of the original certificate and payment of the required fee.

Need help? We’re here for you!

If you are not the legal representative of the company, you will need a power of attorney to collect the certificate on its behalf.

For foreign nationals, language barriers and increasing crowds at the Tax Administration offices can pose additional challenges — and that’s where we come in.

Our experienced team can help you:

• Determine exactly which certificate you need (POR-1 or POR-2),

• Collect and submit the correct documentation,

• Obtain your certificate quickly and without stress.

Contact us today and complete the process in just a few simple steps — easily, efficiently, and professionally!

Why Choose E-commerce in Serbia?

 

 

 

The e-commerce market in Serbia is experiencing continuous growth, with the COVID-19 pandemic accelerating the shift toward digital shopping. According to data from the National Bank of Serbia, online shopping increased by more than 30% in 2023, and this growth trend is expected to continue into 2024 and 2025.

 

Key Market Advantages:

• High internet penetration (over 80% of the population uses the internet)
• Growing consumer preference for online shopping
• Rapid development of logistics and courier services
• Government support for digital tools and e-government services

 

Legal Structure for E-commerce Businesses

To legally sell products or services online in Serbia, you must register a business entity. The available legal forms include:

• Entrepreneur (either as a flat-rate taxpayer or with full accounting records)
• LLC (Limited Liability Company)
• Branch Office of a foreign legal entity

Recommendation for foreign businesses:
Opening an LLC is generally the best option as it offers flexibility and limited liability protection for owners.

 

 

Payment Methods

Offering a variety of payment options is critical for success in Serbia’s e-commerce market:

• Cash on Delivery (COD) – Still the most widely used method
• Payment Cards – Visa, MasterCard, DinaCard
• E-banking / Mobile Banking
• Cryptocurrencies – Still a limited and informal market

Popular payment processor integrations include:
Payten (Monri), AllSecure (WSPay), Raiffeisen eCommerce, OTP, Stripe (via intermediaries), etc.

 

Taxes and Fiscalization

• VAT: Mandatory registration if your annual income exceeds 8 million RSD
• E-fiscalization: Online sellers are required to issue electronic fiscal invoices (eInvoices) using certified software
• Customs: Export customs declarations are required for sales of physical goods shipped outside of Serbia

 

 

Sales Channels: Online Store or Marketplace?

You can sell products via:

1. Your Own Website / Webshop

Common platforms include:

• WooCommerce (WordPress)
• Shopify
• Magento

2. Online Marketplaces and Platforms

• KupujemProdajem.rs – The most visited marketplace
• Shoppster, Ananas, ePonuda
• Instagram and Facebook Shops – Especially popular among small brands

 

 

Logistics and Delivery

Reliable and fast delivery is crucial for customer satisfaction in Serbia. Reputable courier services include:

• DExpress, BEX, AKS, CityExpress, Post Express, Daily Express

Technical tip: Many couriers offer API integration with webshops for streamlined order processing.

• Typical delivery time: 1–2 business days
• Average delivery cost: 300–400 RSD (often free for larger orders)

If you’re an American thinking of relocating to a place full of history, sports passion, vibrant culture, and growing business potential, Serbia is the country you need to explore. Known worldwide for tennis legend Novak Djokovic and NBA MVP Nikola Jokić, Serbia is not just about sports. It is also the birthplace of one of the greatest inventors in history — Nikola Tesla, whose legacy of innovation continues to inspire Serbia’s modern tech scene. The country offers low taxes, affordable living, a growing startup ecosystem, and an overall welcoming atmosphere for expats. Whether you’re an American, Canadian, or from any other country seeking a fresh start, Serbia might be the ideal destination for you.

 

 

Serbia Open to All Nationals: Fast and Easy Residence

 

 

If you need a quick residency solution and a simple procedure without discrimination, choose Serbia in the heart of Europe! Good news: Serbia is open not only to U.S. citizens but also to all foreigners who have student, work, or other visas, as well as those holding a “green card.” This includes anyone from countries like India, China, or Latin America who are looking to leave the U.S. or Canada due to visa restrictions, changing immigration policies, or personal reasons.

If you’re considering relocating, you’ll be pleased to know that Serbian residency is easy to obtain, with minimal documentation and complications. Serbia provides a quick path to permanent residency and citizenship. After residing in Serbia for three years on a temporary residence permit, you can apply for permanent residency. For Americans, this is an attractive option, especially given the growing number of countries imposing new visa barriers.

 

 

Serbia allows Americans to enter visa-free for up to 90 days within a 180-day period. This gives you plenty of time to explore the country and decide if it’s the right place for you. If you decide to stay longer, Serbia’s residency process is fast and efficient. You can even obtain a passport within a legal timeframe of three years, making it a practical choice for anyone looking to relocate without unnecessary bureaucratic hurdles. We assist with your relocation every step of the way, from securing legal residency to obtaining a passport. Our ‘turnkey’ service ensures that you can focus on starting your new life in Serbia, without worrying about the paperwork.

 

 

 

Affordable Living: Cost of Services & Everyday Expenses

One of the major attractions of Serbia is its affordable cost of living. From accommodation to food and services, your dollar will go much further than in many Western countries. For instance, renting an apartment in Belgrade or Novi Sad is considerably cheaper than in major U.S. cities like New York or Los Angeles.

• Rent: A one-bedroom apartment in the city center of Belgrade can cost as little as $400-500 per month.

• Utilities: Monthly utilities (electricity, heating, water, garbage) are around $100.

• Food: A meal at a mid-range restaurant might cost $15-20, while a cup of coffee at a café is usually around $2-3.

• Services: Haircuts, cleaning, and other everyday services are also significantly more affordable than in many parts of the U.S.

This makes Serbia an ideal destination for expats who want to enjoy a higher quality of life without breaking the bank.

 

 

Safe and Welcoming: A Place to Call Home

One of the many reasons why Serbia is such an attractive place to live is the sense of safety and community. Belgrade and other Serbian cities boast safe streets at night, making it comfortable to enjoy the city after hours. The warmth of the local people extends to how they treat newcomers, so you’ll quickly feel like part of the community. Whether you’re walking through Belgrade’s vibrant streets or relaxing at a quiet café, you can enjoy your surroundings with peace of mind.

 

 

Taxes and Business Opportunities

Serbia offers some of the most attractive tax rates in Europe, making it an appealing destination for entrepreneurs and business owners.

• Corporate Tax Rate: Only 15%, one of the lowest in Europe.

• Personal Income Tax: Similarly, personal income tax rates are favorable, further adding to the country’s appeal for anyone looking to relocate and set up a business.

Starting a business in Serbia is relatively easy, with streamlined processes for company registration. For those interested in hiring employees from abroad, Serbia’s skilled workforce, especially in fields like IT, engineering, and customer support, provides an excellent talent pool to tap into. The country’s business-friendly environment also makes it an ideal location for international companies looking to expand into the region.

Serbia’s central location in Europe offers easy access to neighboring countries and markets in the EU and the Balkans, making it an attractive place for international companies to base their operations.

 

Well-Known Companies in Serbia

Serbia is home to a growing number of international and local companies, making it an attractive destination for professionals seeking career opportunities. Some prominent companies operating in Serbia include:

• NIS (a major oil and gas company)

• Microsoft (which has a development center in Belgrade)

• Nestlé (with production and distribution facilities in the country)

In addition to these, Serbia is a hub for various tech startups, particularly in Belgrade, Novi Sad, and Niš. The thriving IT sector, combined with a highly skilled workforce, creates a dynamic environment for professionals in various industries.

 

 

 

Widely Spoken English and International Community

Serbia is an increasingly internationally connected country, and many Serbs speak excellent English—especially in major cities like Belgrade and Novi Sad. You’ll find English widely spoken in business, restaurants, cafes, and tourist areas, making communication easy for English-speaking expats.

Serbia’s growing expat community is another reason why relocating here is becoming more popular. You’ll find plenty of fellow expats who have made Serbia their home, and you’ll be welcomed by the friendly and hospitable local population.

 

A Hidden Gem for Digital Nomads: Work from Nature

For digital nomads, Serbia offers an ideal balance between work and relaxation. While cities like Belgrade and Novi Sad provide modern coworking spaces and vibrant city life, there’s also plenty of opportunity for those who prefer to work remotely from more tranquil, nature-filled settings.

Imagine starting your day with a cup of coffee while overlooking the Danube River, or finishing up work surrounded by the lush greenery of Tara National Park. Serbia is home to beautiful, peaceful spots in the countryside and mountains, offering digital nomads the perfect backdrop for a workday. Whether it’s the calm of the Fruška Gora mountains or the serenity of hidden lakes and villages, you can immerse yourself in nature while enjoying reliable internet access in many remote areas.

With affordable living and stunning natural landscapes, Serbia allows digital nomads to thrive both professionally and personally—whether you’re seeking a quiet cabin in the woods or a cottage near a river. The country offers a variety of work-friendly locations that combine peace and productivity, making it easy to escape the hustle and bustle of city life without sacrificing your career.

Easy Flights and Connectivity: Travel from America

Serbia’s capital, Belgrade, is well-connected to major cities across Europe and the U.S. with direct flights available from New York, Chicago, and other U.S. cities.

• Ticket Prices: Flights from the U.S. to Belgrade typically range from $600 to $1,200 for a round trip, depending on the season and booking time. Budget-friendly airlines and direct flights make it convenient for Americans to travel to and from Serbia.

Once you arrive, getting around Serbia is simple, with extensive bus and rail networks, along with affordable taxis and rideshare services.

 

A Gastronomic Journey: Food & Dining Culture

Serbia’s food scene is a delightful fusion of Balkan, Mediterranean, and Turkish influences. The country offers a wide variety of hearty dishes that will tantalize your taste buds. Don’t miss trying Ćevapi (grilled minced meat served with flatbread), Sarma (stuffed cabbage rolls), Ajvar (pepper-based relish), Pljeskavica (Serbian-style hamburger) and many more.

Beyond the food, Serbia has a vibrant café culture, with locals spending hours enjoying coffee, pastries, and conversation. Whether you’re dining at a local tavern or enjoying a meal at a riverside restaurant, you’ll quickly see why food is a major part of Serbian culture.

 

Let Us Help You Relocate to Serbia

Are you ready to make the move? Relocating to a new country can feel overwhelming, but we’re here to make the process smooth and easy. Our team specializes in assisting Americans who want to relocate to Serbia, providing all the information, guidance, and support you need to settle in quickly.

Feel free to reach out to us for more information on how you can make Serbia your new home. We’re here to help you every step of the way!

Serbia, a country located at the crossroads of Europe, offers a dynamic and growing investment environment with numerous opportunities for international investors. Thanks to its unique geographical location, favorable business conditions, and support for foreign nationals, Serbia is becoming an attractive destination for investment. Below are the key reasons why foreign investors should consider Serbia as a new point for their business projects.

• Strategic Location

Serbia’s geographical location is one of its main advantages for investors. Located in the center of Southeast Europe, Serbia is strategically situated between Central and Eastern Europe, providing easy access to key regional markets. Serbia is also home to a section of the mighty Danube River, one of the longest and most significant waterways in Europe, which flows through the country for more than 500 kilometers. The Danube serves as an important transport corridor, connecting Serbia with Western Europe, including Germany, Austria, and Hungary, making it easy to move goods between the east and west. This waterway is a vital part of Serbia’s infrastructure, offering cost-effective transport and logistics advantages for businesses seeking to enter European and global markets.
Moreover, the Danube provides opportunities for river logistics, tourism, and the development of coastal industries. The river’s accessibility makes Serbia an attractive location for businesses involved in shipping, trade, and cross-border commerce, enhancing its role as a gateway for goods moving between Western Europe and the Balkans.

• Easy Company Formation

Starting a business in Serbia is a simple process, and international investors can complete it in just 5 days. The country has simplified company registration procedures, allowing businesses to establish their presence quickly with minimal bureaucracy. Whether you want to open a small startup or a larger company, the efficient registration process in Serbia allows investors to focus on growth and operations rather than overcoming complex regulatory hurdles.

• Capital Flexibility

Serbia offers investors significant flexibility in terms of capital investment. There are no strict minimum capital requirements, and foreign investors can freely reinvest their profits. This gives companies the flexibility to allocate resources as needed, allowing them to grow and adapt in response to changing market conditions. Furthermore, Serbia’s business environment supports various forms of ownership and investment, making it suitable for a wide range of enterprises.

• Attractive Tax Rates

One of Serbia’s distinguishing features as an investment destination is its competitive tax system. The country offers low corporate tax rates, among the most favorable in Europe. The corporate tax rate is only 15%, and the personal income tax rate is flat, allowing investors to maximize their earnings. Tax incentives apply to several industries, making Serbia an attractive choice for a wide variety of businesses.

• Free Economic Zones

Serbia boasts several free trade zones that offer additional incentives for investors. These zones provide a range of benefits, including tax breaks, customs exemptions, and the opportunity to operate with minimal administrative requirements. Companies operating in these zones can enjoy preferential treatment, facilitating the import of goods, export of products, and access to international markets. Free zones offer attractive opportunities for businesses seeking to optimize costs and improve efficiency.

• Skilled Workforce and Flexible Employment Conditions for Foreign Nationals

Serbia has a well-educated, skilled, and competitive workforce. The country has a rich history of education in engineering, information technology, and other technical disciplines, contributing to the growing labor potential for businesses in sectors such as technology, manufacturing, and engineering. Additionally, Serbia offers flexible employment conditions for foreign nationals, making it easier for international companies to hire top talent from both local and global labor markets.

• Fast Residency Process

For investors and entrepreneurs who wish to live and work in Serbia, the residency process is relatively quick and efficient. Serbia offers a simplified procedure for foreign investors to obtain residency, allowing them to quickly acquire permission to reside with minimal effort. This aspect is particularly important for those who want not only to conduct business in Serbia but also to establish a long-term presence in the country.

• Exemption from Customs Duties (Free Trade Agreements with China, Turkey, and Russia)

Serbia has signed free trade agreements with several key global players, including China, Turkey, and Russia. These agreements provide significant benefits to investors, such as exemption from customs duties, making trade easier and reducing import and export costs. This trade-friendly environment makes Serbia an attractive choice for businesses seeking to leverage its geographical location and expand their opportunities in international markets.

• Stable Market and Business Environment

Serbia has a stable and predictable market environment, supported by its commitment to business-oriented reforms. The country has made significant progress in improving its legal and regulatory framework, which gives investors greater confidence and security. Moreover, Serbia’s strong economic growth in recent years has contributed to its financial stability, making the country an appealing choice for foreign capital seeking long-term returns.

• Developing Infrastructure

Serbia has a constantly modernizing infrastructure, including transport, communication, and energy systems. The country’s road and rail networks are expanding, providing efficient access to neighboring countries and beyond. In addition, Serbia has reliable telecommunications, electricity, and water services, ensuring the smooth operation of businesses. Serbia’s commitment to continuing infrastructure development guarantees favorable conditions for investment.

• Investor Support Programs in Serbia

The Serbian government offers various support programs for foreign investors, including financial incentives, grants, and subsidies. These programs are designed to stimulate foreign investment and promote business growth in the country. Investors can take advantage of support in the form of tax incentives, funding for research and development, as well as workforce training, which helps minimize startup costs and achieve objectives more efficiently.

Moreover, Serbia is well-positioned for the development of key industries in the future, including:

• Aviation and Defense Industry: Serbia’s aviation sector has experienced significant growth, and the country is investing in airport modernization and aviation infrastructure. Serbia offers investment opportunities in both commercial aviation and aircraft maintenance, with the potential to become a hub for air transport in the Balkans. Alongside aviation, Serbia’s defense industry continues to expand, producing military equipment, ammunition, and advanced technologies. The government supports innovation and development in these sectors, offering excellent opportunities for foreign investors, particularly in defense technologies and international collaborations.

• IT Sector: Serbia’s IT industry is rapidly growing, with a highly skilled workforce specializing in software development, technological innovations, and cybersecurity. The government provides numerous incentives for IT startups, making the country an attractive place for tech entrepreneurs.

• Food Industry: Serbia has a long tradition in agriculture and food production, and the food processing sector continues to develop. Foreign investments in food industries, such as organic farming and meat processing, are growing.

• Textile Industry: Serbia’s textile industry offers cost-effective production options with competitive labor costs and high-quality standards. Investors can take advantage of Serbia’s skilled workforce and its proximity to European markets.

• Metalworking and Machinery: Serbia has strong traditions in metal production and machinery manufacturing. The country is an excellent choice for those looking to invest in advanced manufacturing, auto parts, and metalworking industries.

Conclusion

Serbia offers numerous advantages for international investors, from its strategic location on the Danube River to a favorable business environment and government support programs. With low taxes, a skilled workforce, and many opportunities for growth in industries such as aviation, information technology, and manufacturing, Serbia positions itself as a leading investment destination in Southeast Europe. Whether it’s starting a new business, expanding your operations, or entering new markets, Serbia has everything needed for success in today’s global economy.

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/).

In recent years, the relationship between financial institutions and their clients has faced increasing challenges, creating barriers to smooth transactions for both personal and business banking needs. These problems, which affect both individuals and companies on a local and global scale, are becoming more frequent and varied.
Our team has been receiving a growing number of inquiries from clients worldwide who are encountering banking issues that fall into several key areas.

 

 

These challenges often include:

 

• Issues with opening accounts for individuals and legal entities
• Unilateral account closures by banks across various jurisdictions
• Difficulties conducting business transactions and money transfers, including complications with activity codes and the cancellation of payments—both domestic and international
• Problems with cashing bank checks in their country of issue
• Unjustified account blockages by banks
• Complications related to opening non-resident accounts and dealing with international clients who do not have resident status in the country holding their funds
• Challenges in selling, partially selling, or transferring portfolios to other banks
• Errors in the calculation of banking fees, negatively impacting clients
• Problems in asserting inheritance rights to funds or securities in foreign banks
• Losses resulting from poor investment advice and portfolio mismanagement by banks
• Financial losses due to unjustified withholding of funds or delayed posting of account deposits
• Lack of effective communication with bank officers or responsible parties
• Mistakes in executing orders to buy or sell securities, which can lead to substantial financial losses
• Inadequate understanding of a bank’s contractual and legal obligations, and the application of international regulations, potentially leading to legal complications for clients

 

 

 

These issues, and many others, can obstruct or completely prevent the normal execution of banking transactions, both locally and globally.
Addressing these problems requires not just expertise in banking, but also an understanding of the regulatory, legal, and financial environment that governs international and domestic banking activities. Our team of professionals, many of whom have held key positions within global banking institutions, is ready to assist in overcoming these challenges.

 

Additionally, legal support is often necessary. Specialized law firms experienced in banking disputes can greatly enhance the negotiation process or legal proceedings, ensuring that clients’ rights are protected.
Our team of international bankers and lawyers has extensive experience in resolving all the issues listed above, achieving successful outcomes through negotiations, litigation, or the selection of optimal banking solutions. We help clients identify suitable jurisdictions and banks that facilitate seamless business and personal banking.

 

Understanding the legal, tax, and operational aspects of banking transactions is crucial. Missteps in this area can lead to serious legal consequences and financial setbacks, particularly when dealing with foreign banks or jurisdictions.

 

 

 

 

 

Why Choose the Serbian Banking System?

 

At the same time, if you are operating in or through Serbia, you can benefit from the country’s stable and dynamic banking environment. Serbia has maintained robust economic stability, supported by favorable macroeconomic conditions.
The Republic of Serbia’s neutral stance on international sanctions has enabled its banks to remain open to business with countries such as Russia and Belarus. With its stable, cross-functional banking system, Serbia offers significant opportunities for both foreign and domestic clients.

 

 

 

Advantages of Serbian Banking:

 

• A stable banking system with 29 banks, divided into seven groups: local, EU-based, Russian, American, Turkish, and banks from the UAE and China
• Accounts available in a wide range of currencies, including USD, EUR, CHF, TRY, RUB, GBP, CAD, DKK, JPY, and SEK
• Premium banking services, such as letters of credit, bank guarantees, non-standard SWIFT payments, and back-to-back (cash deposit) loans through Serbian legal entities
• Advanced e-banking services and mobile banking, with support available in English
• Availability of major debit cards (DinaCard, MasterCard, Visa) in all variations
• Easy access to e-commerce services, including pay-by-link and other digital payment methods
• State-backed deposit insurance, with up to EUR 50,000 guaranteed per bank

 

 

 

Successful Banking Operations in Serbia:

 

Our clients have successfully conducted numerous types of cross-border and local banking operations, including:
• International commercial transactions for services (IT, consulting, marketing, logistics) and goods (e.g., food)
• International mergers and acquisitions
• Payroll management
• Transactions on behalf of parent companies without existing accounts in Serbia
• Loans and credit transactions involving non-residents
• Brokerage operations

 

 

 

 

Expert Support for Banking in Serbia:

 

Our team at the “Welcome to Serbia” association, which includes experienced bankers, in-house lawyers, and accountants, works closely with clients to ensure full compliance with regulations, particularly the guidelines issued by the National Bank of Serbia on foreign payment transactions. We streamline the process for our clients, eliminating unnecessary bureaucracy and helping them execute their business plans with ease.
With over 30 years of experience in assisting clients in Serbia, Switzerland, Russia, and Andorra, our team is uniquely positioned to offer comprehensive banking solutions in multiple languages, including English, Russian, Spanish, and Serbian.