Opening a Non-Resident Corporate Bank Account in Serbia: A Quick Guide

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.