Serbia presents troubling and even limiting challenges in terms of banking services for non-residents. One disadvantage of this jurisdiction is that you will not be able to open a bank account remotely in Serbia and the language barrier is another limitation for non-residents.

The Serbian banking system is very strict and you must be careful not to be rejected, because there is a possibility that you will not be able to reapply or apply for a bank account.

Once you know and overcome the challenges that Serbia presents as a jurisdiction for opening accounts and especially the restrictions for non-residents, you will know that you will have the opportunity to enjoy the following banking benefits.

Retirement funds and savings accounts, this financial modality is ideal if you plan to spend a long stay in the country, it guarantees that your money can be managed locally and protects you from exchange rate fluctuations. After 12 months you will have the opportunity to perform remote banking transactions, receive payments, execute transfers and withdraw money.

The attractive Serbian Endowment, the investment mode most similar to a private foundation, offers the opportunity for asset protection, tax planning and privacy. An investment option that Serbian banks know very well.

Last but not least the multi-currency option, Serbian banks apart from offering their bank accounts in local currency, present the facility to open accounts in 11 different currencies, such as USD, CAD CHF, EURO, TRY, GBP, SEK, RUB, DKK and JPY.

Knowing the challenges, requirements and advantages we can conclude that it is possible to open accounts in Serbia, contact our financial advisors at Foster Swiss, an international consulting firm with presence in more than 130 jurisdictions worldwide, who will advise and accompany you throughout the process whether you want to incorporate a company or open an account in Serbia.

If you would like to learn more about the requirements for opening a non-resident account in Serbia, please contact Foster Swiss consultants, they are available to provide you with all the financial services you require.

Remember that confidentiality and discretion are the adjectives that best represent us.

Consult a financial advisor for more information, info@fosterswiss.com