Serbia boasts a well-developed banking sector where you can get European-quality financial services for individuals and legal entities at much lower fees than on average in Europe. Local banks have their peculiarities and the procedure of account opening may be more complicated than some optimistic Internet resources may describe, but you can engage a professional and easily complete the procedure using competent assistance. We will help you choose an appropriate bank in Serbia and start operations using your bank account in no time!
Welcome to our portal if you want to read a more detailed article on remote corporate banking setup in Serbia and discover other aspects of this beautiful Balkan state. Take advantage of our knowledge base of posts on banking and business in different destinations, as well as investment, asset protection, and tax optimization opportunities across the globe. Do not hesitate to book a free session with our expert to discuss all the details of banking, business, or living in Serbia. We can help you with opening a bank account and setting up a company at a reasonable fee through our local office in Belgrade!
Serbian Banking
Serbian banks offer high-quality services to their customers – however, you still need to choose a suitable institution for your needs. We propose opening an account for you with a large international bank that has a branch in Serbia, and you can open a corporate account there for an offshore company as well.
You will not need to visit the country as we can open an account remotely – all you need to do is provide a power of attorney to us. But if you want to supervise the procedure with your own eyes, we will provide a specialist on-site who will accompany you.
Serbia has its own insurance scheme: if your bank deposit does not exceed 50,000 euros, it will be repaid to you in full if the bank fails.
The requirements of Serbian banks for potential customers are becoming more and more stringent – however, opening a non-resident account is still possible. You will need to meticulously prepare the documents in accordance with our recommendations and use our pre-approval service to minimize the risk of being turned down. Pre-approval means that the bank potentially agrees to open an account for you after considering just one application, so you can start collecting the remaining documents and rest assured that the account will be opened for you in 99% of cases.
Serbian banks provide a full range of services to residents only, while non-residents will have to put up with a limited range. However, you can easily obtain a Serbian residence permit by setting up a local company or investing in real estate in the country. Get in touch with us to discuss these opportunities!
The Bank We Offer
The large international bank where we propose to open an account is a subsidiary of a banking group based in Italy that fully owns the bank. The branch was opened in Belgrade in 2001, and this is one of Serbia’s largest banks today.
The bank offers a proven European commercial bank business model that is concentrated on meeting the customers’ requirements and priorities by providing appropriate solutions.
Financing for Corporate Customers
The bank offers lending solutions in national and foreign currencies on a short- and mi-term basis to meet the customers’ demands. In particular, the following types of financing are provided:
- Syndicated loan
- Loans to micro-, small-, and medium-sized businesses with the support of the Italian government
- Working capital financing
- Financing energy efficiency investments
- A loan granted by the European Investment Bank to support small and medium-sized businesses
- Investment loan
EU Funds
The bank joined the COSME program aimed at increasing the competitiveness of SMEs by signing an agreement with the European Investment Fund. The program offers long-term working capital financing or investment in assets on beneficial terms to small and medium-sized businesses.
Trade Financing
Take advantage of the following solutions in this sphere:
- Documentary collection
- Checks
- Letters of credit
- Letters of guarantee
Factoring
Any company that sells products/services on a deferred payment basis can take advantage of factoring services provided by the bank.
Current Account
This is one of the most popular services, of course, and you can open an account in Serbian dinars or in a number of foreign currencies, and both resident and non-resident companies can take advantage.
Cash Management
There are some standard cash management services that are readily available at the bank, and it can also develop customized solutions tailored to your business model.
Pa.Re.To.
This is a service that helps you collect customer payments, so the bank deals with the collection and accounting of your incoming cash flow. As a result, you minimize the errors that occur in the process of verification, take less effort to make the payment in your system, and reduce the demand for additional computer resources.
This service may be very useful for wholesalers, telecom companies, insurance companies, and so on.
Escrow Account
This is a specialized account that has the following characteristics:
- It is a way of making settlements between the two parties using a trusted commercial bank.
- The account is opened on behalf of one of the contracting parties for a certain period of time.
BusinessNet Professional
This is an advanced online banking application used by the bank that is successfully implemented in 14 Central and Eastern European countries. It can be accessed from any computer provided that you have an Internet connection, and you will get an electronic key to enter the system and sign payment orders.
Payments
The bank customers have an opportunity to seamlessly make local and international payments. Local clients can also take advantage of direct debit services, long-term payment orders, and payroll services.
If you make payments in euros within the banking group, they will be completed on the same day. Payments made outside the group are completed within one day as well thanks to an extensive network of correspondent banks. If you make regular international payments, these will be effected on the next day.
That is not all, of course. Follow the above link to read about more services that the bank provides and get in touch with our experts for professional assistance in account opening!
