Open a Bank Account in Serbia: d.o.o. or Offshore Company

Dinars, an RS IBAN and SEPA credit transfers since May 2026

Serbia is outside the EU. The National Bank of Serbia licenses and supervises its nineteen banks, and accounts run in dinars under an IBAN beginning RS. The European Payments Council admitted Serbia to the SEPA schemes on 22 May 2025, and on 5 May 2026 the NBS and 18 of the 19 banks began sending and receiving SEPA credit transfers in euro. The NBS announcements mention only the credit transfer scheme, so do not assume SEPA Instant or SEPA direct debits from a Serbian account.

An offshore or foreign company can bank in Serbia as a non-resident

Banca Intesa and ProCredit Bank both open non-resident accounts for companies seated abroad. Banca Intesa does so at six named branches only: Savski Venac, Voždovac and Novi Beograd in Belgrade, plus Novi Sad, Kragujevac and Niš. ProCredit Bank publishes the file it expects from such a company:

an extract from its home register no older than three months, carrying an Apostille, or fully legalised where the country is outside the Hague Convention;
a certified Serbian translation by a court interpreter, unless the document is in English, Montenegrin, Bosnian, Croatian or Macedonian;
the founding act or statute, and a chart of ownership and control where there is more than one level of owners;
a beneficial owner statement, identity documents, and for each foreign national a document showing the home address;
a translated power of attorney if a proxy opens the account.

A published list is no promise of acceptance, and as general bank practice an offshore structure with no visible link to Serbia should expect the closest questions.

A Serbian d.o.o. banks as a resident

For a d.o.o. registered with the Business Registers Agency, ProCredit reads the registration straight from the APR’s online register and asks for the identity cards or passports of the representative, the authorised signatories and each beneficial owner recorded in the Central Records of Beneficial Owners, which capture anyone holding 25 per cent or more. Its forms are handed over at the bank, yet absent signatories may send the OP form with certified signatures. Serbian law sets no residence condition for the founders or the director, so attendance is a question of bank procedure.

Online accounts in Serbia are for Serbian citizens

Raiffeisen banka’s Biznis iRačun opens entirely online with video identification, but only for an entrepreneur or a d.o.o. in the APR with one legal representative, whose owners and representative are Serbian citizens with a Serbian mobile number. The online providers popular elsewhere in Europe do not reach Serbia either: Wise’s list of countries where customers can hold money and Airwallex’s list of registration countries both leave Serbia out, and Revolut Business needs a company with physical presence in the EEA.

Provider	Type	Position on foreign owners or foreign companies	Where you apply
Banca Intesa Beograd	Serbian bank	Accounts for non-resident legal entities, with a document list for companies seated abroad	Six named branches
ProCredit Bank	Serbian bank	Separate lists for resident companies and for companies seated abroad	At the bank, with certified signatures if signatories are absent
Raiffeisen banka	Serbian bank	Online Biznis iRačun only where owners and representative are Serbian citizens	Online for citizens
Wise, Airwallex, Revolut	Payment providers and a Lithuanian bank	Serbia is missing from their published eligibility lists	Not available

Deposit insurance leaves out large Serbian companies

The Deposit Insurance Agency insures each depositor for at most €50,000 at any one bank, and the Republic of Serbia guarantees the scheme. It insures individuals, entrepreneurs and micro, small and medium-sized legal entities only, so a large company has no deposit insurance at all. Dinar deposits are repaid in dinars and foreign currency deposits in euro.

Why Serbian applications fail

A foreign register extract older than three months, without an Apostille or legalisation, or untranslated.
No proof of the foreign national’s home address.
A company deleted from the APR or blocked by the NBS, which ends Raiffeisen’s online application.
As general practice, not a published Serbian rule: no explained reason for a foreign company to bank in Serbia.

A ready-made Serbian d.o.o. and its existing account

Serbia is absent from our pre-banked shelf company page, so whether a d.o.o. bought from stock keeps a working account is a question for its bank. Transferring the shares does not move the account out of the company. The bank, once told of the change, reviews the incoming owners, director and signatories and decides whether to continue, ask for more documents or close the account.

Serbian companies and bank files from SC24

We register companies through company formation in Serbia, offer ready-made Serbian d.o.o. companies and help put apostilled and translated papers in order for the bank. Where a bank we already work with suits your case, we can introduce you, and the bank alone takes the decision. More on the country is on our Serbia overview.

Serbian business accounts: Frequently Asked Questions

Can an offshore company open a bank account in Serbia?

It can apply for a non-resident account. Banca Intesa opens accounts for non-resident legal entities at six named branches, and ProCredit lists what a company seated abroad must bring, including a register extract no older than three months with an Apostille and a certified Serbian translation. Each bank decides case by case, and a structure with no link to Serbia faces close questioning.

Must a foreign director visit a Serbian bank in person?

Not by law, which sets no residence rule for founders or directors. In practice the banks work through branches: Raiffeisen’s online route is for Serbian citizens only, and Banca Intesa names six branches for non-resident companies. ProCredit accepts certified signatures on its OP form, and certified copies of identity documents, when signatories cannot come.

Does a Serbian bank account work with SEPA?

For credit transfers, yes. Serbia was admitted to the SEPA schemes on 22 May 2025, and since 5 May 2026 the National Bank of Serbia and 18 of the 19 banks have used the SEPA Credit Transfer scheme for euro payments. The NBS has announced only the credit transfer scheme, not SEPA Instant or direct debits.

Is a Serbian company’s money insured if the bank fails?

Only if the company is micro, small or medium-sized. The Deposit Insurance Agency insures individuals, entrepreneurs and those companies for at most €50,000 per depositor at each bank, repaying dinar deposits in dinars and foreign currency deposits in euro. A large company’s deposits are not insured, and the EU deposit guarantee rules do not apply in Serbia.