Open a Bank Account in Macedonia
North Macedonia is a fairly popular jurisdiction for opening accounts among companies wishing to enter European markets. This country is a candidate for the EU and a current member of NATO. Legal entities or individuals can open bank accounts in this country. However, the country has several requirements, and there are some peculiarities. To avoid problems, it is worth entrusting the work to professionals. Lawtter Solutions helps clients to open a bank account in Macedonia. We offer turnkey services.
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Opening an account
Basic information about opening a bank account in Macedonia
More than 40 financial institutions are licensed to provide banking services in Macedonia. Bank accounts are available for individuals and legal entities. Individuals can open a current or investment account, to which bank deposits can be made. Deposit rates in the country are quite attractive. Individuals can also get a payment card.
Legal entities can open a bank account in Macedonia to operate in the European markets. Macedonia is an associate member, so it is possible to conduct trade activities with companies from the Eurozone from the territory of this country.
A bank account in Macedonia can be used as an offshore account. This jurisdiction is not a party to the Automatic Exchange of Information Treaty. Bank secrecy is kept in this jurisdiction, and data can be obtained only by court order. Remote account opening from abroad is impossible. You can open a Macedonian account only after visiting a branch in person.
Advantages of a bank account in Macedonia
A bank account in Macedonia allows you to obtain several important advantages. The main ones are as follows:
Respect for bank secrecy
Since Macedonia is not a party to the agreement on the automatic exchange of information, all data here is protected by bank secrecy.Ability to conduct financial transactions with counterparties from the Eurozone
Macedonia has signed an association agreement with the EU. The country's banks work in accordance with the EU rules.Possibility to open multi-currency accounts
Macedonian banks open accounts in Macedonian denars, US dollars, euros, etc.Developed mobile banking
Macedonian banks are technologically advanced and offer very convenient mobile applications for account management.It is possible to use bank safes to store securities and other valuables.
Documents
List of documents for opening a bank account
Before opening a bank account in Macedonia, it is necessary to prepare a package of documents. If the account is needed for an individual, the package is as follows:
- Passport or ID card;
- Proof of residence address;
- Taxpayer Identification Number;
- Confirmation of the origin of the money;
- Resume (CV).
As for companies, they need to provide the following information:
- Constituent documents;
- Passport or ID card of the director, shareholders, and manager (if any);
- Power of attorney issued by the director (for the manager);
- Proof of residence address of the director, shareholders, and manager (if any);
- Contracts with partners;
- Confirmation of the origin of the money.
A notarized translation into Macedonian is required for all documents.
Get a bank account in Macedonia with Lawtter Solutions
Lawtter Solutions offers services for opening a bank account in Macedonia. We provide full legal support. Lawtter Solutions conducts the procedure in 5 steps:
Before opening a Macedonia account, you must choose a financial organization. The largest banks in this country are the following:
- Centralna Kooperativna Banka AD;
- Komercijalna Banka AD;
- Silk Road Banka;
- HalkBanka;
- Eurostandard Banka AD etc.
Clients can contact Lawtter Solutions representatives and get advice via online chat, feedback form, or any convenient way available in the “Contacts” section.
+38 093 177 52 70 
+1 484 457 89 11 
+44 745 819 79 87 Important: Lawtter Solutions does not provide services to citizens and residents of the Russian Federation.