How is banking in Serbia, can we open an accoutn there?
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Montenegro is better than Serbian banks, yet again you will be praying everytime the currency is stable and the tax authorities won't ask you questions, if it's 500 EUR or 50,000 EUR. If you consider withdrawing the funds every once in a while, most of them will issue you a MC card, and they have risk algo of ATM withdrawals which raise questions as well. Bottom line - unless you have business in the Balkans, these region is not recommended for offshore, from my experience.
Is it secure to travel to serbia? What requirements do the banks have there in regards to documents? I'm a European citizen.
Well, in Serbia you have some major EU banks i.e. Intesa, SocGen, CA, Russian VTB, SberBank, Turkish Halk and Chinese BoC as well as Serbian banks such as AIK mts, Postanska etc.. Majority of banks require (for non-residents) corp. owners ID, corp. registry extract not older than 90 days... I don't see anything special or beneficial to have a bank acc. in Serbia. I think it is easier to open an account in Montenegro (Note: I did not open an account in Montenegro)
I am sorry, but Serbian banks are MUCH better than Montenegro banks ... but it︀ is easier to get bank account for non-residents in Montenegro. With the right approach and︁ bank, it is doable in Serbia as well.
I am interested in your advice about "....is not recommended for offshore". Could you explain︀ me why is not good?
Thank you
Thank you
Montenegro is much closer to join the European Union than Serbia. It' richer, and much more business-friendly. I would not sleep well with my money in Serbia. Until Montenegro joins the AEOI countries, it remains the best option, but it's far from perfect. Bank transfers are slow. You fill the form on your bank's website, you send an invoice by email, but it needs to be validated, which requires at least a day. I regret Switzerland...
Just a note about Serbia.
For example in country of my residence, Serbia present in list of forbidden countries for make transfers (not possible to send or receive money from banks there).
So it limit usage of banking.
Also a lot of services have Serbia in sanctioned lists like a Iran, Afganistan, etc.
So it need to be careful with using Serbian banking.
For example in country of my residence, Serbia present in list of forbidden countries for make transfers (not possible to send or receive money from banks there).
So it limit usage of banking.
Also a lot of services have Serbia in sanctioned lists like a Iran, Afganistan, etc.
So it need to be careful with using Serbian banking.
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