If I want to make a payment to a legal entity in foreign currency, do I need a document?
In case of foreign currency payment to a legal entity, you should attach an appropriate invoice, contract or e-mail correspondence, depends on the payment mode.
Can I send money to my relatives abroad?
You can, for amounts up to 10,000 EUR, you should attach a description of the free-form transaction, while for amounts greater than 10,000 EUR, proof of kinship to third knee should be attached and that the relative lives abroad.
Can I pay insurance to a foreign insurance company?
Payment is only possible for domestic insurance companies. The exception is insurance that is not offered by domestic insurance companies. If you need more information, call our Customer Service at 063 9005.
As a non-resident, can I receive my salary in a foreign currency?
It is possible if you are employed by a foreign company. Non-residents employed in domestic companies can not receive payments in foreign currency, it could be only in dinars.
Can I transfer money to my account abroad as resident?
It is possible to transfer money to your account abroad. If you are a citizen of some other country and you have a foreign passport, you only need to attach a passport when transferring money. If you are a citizen of the Republic of Serbia only, you need to attach a work visa, residence permit, student visa or other document that allows you to stay abroad for up to 12 months. If your stay is longer than 12 months, you lose the status of a resident in the Republic of Serbia.
Can I transfer funds as a non-resident to my foreign account in the country where I am a resident?
You can transfer money if you submit a verification about settling all obligations from the tax authorities. If you transfer funds from a savings account, this confirmation is not required.
Do I need documentation if I want to receive a salary in foreign currency?
If you are a non-resident documentation is not required . If you have a resident status, you need to submit a contract, an invoice or a Statement of performance. You can download the statement form here.
As a resident, can I make payments in foreign currencies to other residents and non-residents in Serbia?
It is allowed only in cases defined by law, lease and purchase and sale of real estate, insurance premiums, donations to charity, transfer to a family member. For foreign trade affairs with non-residents, an invoice or contract is required.
As a resident in Serbia, can I receive my income in foreign currency?
You can receive a salary in foreign currency from a foreign company, or if you work in diplomatic, consular and other representations of the Republic of Serbia abroad, under the Employment Contract, or if you are sent abroad for work under a Contract for the execution of investment works abroad.
As a non-resident, can I make payments in foreign currency to residents in Serbia?
It is allowed only in cases defined by law, lease and purchase and sale of real estate, insurance premiums, donations to charity, transfer to a family member. For foreign trade affairs with non-residents, an invoice or contract is required.
As a non- resident, can I make payments in foreign currency to other non-residents in Serbia?
Payment in foreign currency in the country to another non-resident is only possible on the basis of foreign trade activity.
Can I make foreign currency payments based on trade in shares abroad?
Yes, with necessary documentation - a contract with a brokerage firm.
