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Opening an account in Bank Montenegro
- non-residents have full access to all local banking services;
- some banks in Montenegro open accounts for non-residents without visiting the country;
- favorable in Europe interest on deposits;
- bank staff speaks English, which simplifies communication;
- banks work with international transfers via SWIFT and SEPA systems;
- there are deposit guarantee systems up to 50,000 EUR;
- the jurisdiction has relatively low tariffs for banking services.
Due to some tightening of the requirements of European banks for non-residents, Montenegro is a Balkan country that has remained loyal in providing financial services to foreigners and has gained its popularity like never before. Therefore, both individuals and legal entities residents of other countries can open an account with a bank in Montenegro. Moreover, there is the possibility of remote opening without a personal visit to the country (a meeting with a banker in Ukraine may be required).
Non-residents can use all banking services on an equal basis with local citizens without restrictions. Each bank has its own specifics of compliance and requirements, in particular, banks give priority to European companies, and higher rates or restrictions may apply for tax-free jurisdictions.
An account in Montenegro is most suitable for those who are interested in multi-currency settlement transactions, both for personal and corporate purposes. For detailed information about Montenegrin banks and assistance in opening an account, please contact our lawyers.
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