Serbia is a country that has made a great economic leap forward in the recent decade. It is developing at a tremendous pace, attracting investors from all over the world and creating a favorable business climate. Belgrade is becoming a versatile business center with European-quality banking services. However, prices are still quite affordable, so you can enjoy European standards at a low price. This is one of the reasons why we recommend Serbia to our customers.
There are a lot of respectable banks here that are ready to open accounts to non-residents. It does not come without challenges, though, so we at the Offshore Wealth portal offer the assistance of our qualified experts who will help you with the process. Read more on the benefits of a personal bank account in Serbia and get in touch with us to ask any questions.
Serbia is a very popular destination for banking and business, so we have a local office in Belgrade that will help you deal with any problem on-site. You can also book free sessions with specialists on our portal – for example, we do not charge anything for analyzing your case to select the most suitable jurisdiction for you to open a bank account (and even start your business). Rely on our expertise to achieve your goals!
An Overview of Serbian Banking
You will find good local and international Serbian Banks, which will give you an opportunity to choose the institution that best suits your needs. E-banking, m-banking, and debit cards come with almost any account, and you can also get a premium package to enjoy extended opportunities.
Foreign currency accounts are available in all the major currencies. If you want to open a deposit account here, you should know that this is a wise choice as Serbia provides its own insurance to cover the bank’s possible failure.
Why Open a Personal Account in Serbia?
Benefit from the extensive list of services provided by the banks at fees that are lower than on average in Europe. The banking sector is quite robust, and local employees know very well how to make non-resident customers welcome.
Take advantage of the following:
- Open an account in the local currency (Serbian dinar, or RSD) or in any major currency you need.
- Serbia does not provide the same insurance for deposits as in the European Union as it is not a part of the EU yet. Each deposit account enjoys coverage of up to 50,000 euros, so your money will be safe.
- You will easily send and receive funds from local bank accounts and across-the-border ones.
- Make transfers in the most popular currencies, such as USD, EUR, SEK, NOK, CAD, and others.
- Get debit or credit cards to make ample use of your funds.
- Withdraw your cash at ATMs in RSD or any other currency of your choice.
- A personal manager will be assigned to work with you.
- Use SWIFT and Eurogiro systems to transfer funds from overseas accounts to the Serbian bank.
- Control your funds conveniently in any place in the world with the help of mobile apps and online platforms.a
Serbia is a really good banking destination that works for your convenience.
An Important Detail of Working with Serbian Banks
One important thing about the Serbian account is that it will need your attention in the first few weeks (months) to function seamlessly afterward. The matter is that Serbian banks are prepared to cooperate with non-resident customers from different countries, but you will have to prove that you are a reliable customer. What will that require in practice?
You will have to be in touch with the bank in the first several weeks. They may get to you after a transaction to require explanations, and you have to be able to provide them within 24 hours. Failure to do that may cause them to freeze your transaction and it will be considered dubious. If you get several frozen transactions, your account may be closed.
We can help you avoid all this hassle as we know that customers are usually reluctant to keep in touch all the time. You can specify our local office in Belgrade as the second point of contact to reach if they cannot get to you. In this case, we will answer their questions and settle the matter to preserve your good reputation.
We will take care of the first transactions for free!
And you will be able to extend the service later for a modest fee.
Banks in each jurisdiction have their peculiarities that we have to respect, and this is a Serbian feature that you have to take care of initially to enjoy the banking opportunities of the country.
Documents You Will Need
Opening an account in Serbia will require only basic documents:
- An ID (a passport, etc.)
- Residence permit (ID card) for a European resident
- Proof of residence address (a utility bill or bank statement for the past 3 months)
- Proof of legal origin of funds
- Filled bank forms (in English and Serbian)
Our specialists will help you fill out the forms and thoroughly check them.
You will also have to plan a personal visit to Serbia to open an account. Our representative will accompany you at all stages (including the interview with the bank employee) to minimize the risk of being turned down.
6 Simple Steps to Open a Serbian Account
- Click on the above link to the portal, contact our experts, and tell them you want to open a personal bank account in Serbia
- Pay the cost of our support in opening the account
- Prepare a complete package of documents in accordance with our recommendations and send them to us to be checked
- Book a date of visit to the Serbian bank of your choice.
- The documents are sent to the bank, and you will have to wait for the approval of the bank account opening.
- Enjoy a full range of services provided by the Serbian bank! And remember to stay in touch during the first month of your cooperation.
Most customers have some questions or doubts at this stage, and this is the normal course of things. We welcome you to share them with our experts to make an informed decision. Offshore Wealth specialists are focused on helping you make a choice you will not regret afterward, so do not hesitate to contact us by following the above link to make a good step into the future!
