Accounts
OPENING DOMESTIC LEGAL ENTITIES FCY ACCOUNTS
Domestic legal entities can open foreign currency accounts in all branches of Stopanska Banka AD - Skopje (network of branches / sub-branches 56) which cover almost all towns throughout Macedonia .
In order to open foreign currency accounts, the client should submit the following documents:
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certificate from the company register which keeps records of legal entities headquartered in the Republic of Macedonia, not older than six months, from which it can be ascertained: the name, headquarters, activity, registration number and tax number of the legal entity, original or copy notarized with notary public,
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ZP form - original,
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Original of written notification signed by the legal representative and identity document of the authorized person.
The documents can be submitted to all branches of Stopanska Banka AD - Skopje .
The documents for opening account of domestic legal entities are submitted in all sub-branches of Stopanska banka AD - Skopje.
Funds transfer
Orders for transferring funds and distributing inflow are submitted to any branch of Stopanska Banka regardless of where the account is opened.
Regarding orders submitted until 12.00 o'clock, funds are transferred the same day.
The on-line system enables that the funds are transferred in favour of non-residents - SB clients at the moment of receiving the order from the client.
In Skopje Branch, the domestic legal entity can submit the order for foreign currency funds transfer to the following sub-branches:
GRC - "11 Oktomvri Street" No. 7
Contact persons: Katerina Ivanovic and Mirjana Velkovska
Contact telephone: (02) 3295-435, (02) 3295-433,
E-mail: gtc@stb.com.mk, katerina.ivanovic@stb.com.mk and mirjana.velkovska@stb.com.mk
Vero - "Gologanov Street " No. 76
Contact persons: Livanta Trendafilova and Irinka Vucinovska
Contact telephone: (02) 3074-978,
E-mail: livanta.trendafilova@stb.com.mk
Kisela Voda - "Sava Kovacevic Street" No. 14, building 1, entrance 1
Contact person: Slavica Stefanovic
Contact telephone: (02)2770-355
E-mail: sslavica@stb.com.mk
Jane Sandanski - "Jane Sandanski Blvd" No. 24
Contact person: Sonja Coseva and Lence Trpenovska
Contact telephone: (02) 3166-575
E-mail: lence.trpenovska@stb.com.mk
Avtokomanda - "Jani Lukrovski Street" No. 5
Contact person: Pera Doneva
Contact telephone: (02) 3166-575
E-mail: ekspozituraavtokomanda@stb.com.mk
Contact person for branches in other towns in Macedonia is the Branch Manager.
PROCEDURE FOR OPENING NON-RESIDENT FOREIGN CURRENCY ACCOUNTS OF LEGAL ENTITIES
(companies, diplomatic and consular office, non-government organizations etc.)
Foreign legal entities in the Republic of Macedonia may open accounts in all branches of Stopanska banka AD - Skopje.
The legal entity account in Skopje Branch may be opened at the following address:
G T C Sub-branch ground floor, “11 Oktomvri” Str. No. 7
Contact persons for Skopje Branch
Daniela Naumovska, Vesna Aleksovska and Aneta Velkovska
phone (02) 3295-433 , 3295-140
fax : (02) 3295-141
e-mail: daniela.naumovska@stb.com.mk and vesna.aleksovska@stb.com.mk
IDENTIFICATION AND CONFIRMATION OF THE CLIENT’S IDENTITY
Required documents for opening account of non-resident legal entity are the following:
- Written request for opening the account and for disposing of the funds in the account, signed by the legal representative of the legal entity, in original.
- Application for identification / updating the client legal entity with filled in all the required data including the final beneficiary in original (enclosed) and copy of the identification document (ID card or passport) of the final beneficiary.
- Document for registration of the legal entity issued by a competent body, statement of the trade register or another register where records are kept of legal entities in the country where the entity is registered, not older than 6 months, from which the legal representative, the date of founding, the name, address, headquarters and activity performed may be concluded; the managers, owners, in original or a copy notarized by notary public or an authorized institution in the domicile country notarized by notary public or an authorized institution in the domicile country.
- Card with authorized signatories (enclosed)
- For non-resident legal entity – diplomatic office of a foreign country or a representative office of an international organization – document issued by the Ministry of Foreign Affairs of the Republic of Macedonia or a statement from the Central Register of the Republic of Macedonia, as well as proxy of the authorized person in the representative office, in original or a copy notarized by notary public.
- Agreement for opening transaction account / ID number of the legal entity non-resident
In case from the document for registration the required data for the non-resident (headquarters, owners, managers, activity, final beneficiaries, tax number-if the non-resident has one, etc.) may not be determined, SB may require additional document, like for example the statute, a statement, document, recommendation from another bank or another act on founding, in original or a copy notarized by notary public.
The abovementioned documents are submitted in Macedonian or in English, translated by authorized translator.
The identity of the legal representative and the persons authorized to dispose of the funds in the account of the non-resident legal entity is determined on the basis of the following documents:
- valid documents for identification (valid ID card or passport)
- information / statement whether the non-resident legal entity owns shares/ stakes of bearer
- application for identification / updating the client individual filled in completely in all obligatory fields
- statement for getting familiar with the regulations of the Republic of Macedonia according to which the client is identified as non-resident (if the client opens personal account)
DISPOSING OF THE FUNDS IN ACCOUNTS OF NON-RESIDENT LEGAL ENTITY
• Stopanska Banka enables transfer upon order of the non-resident in foreign currency and in denars.
• The On-line system provides for the transfer of funds in favor of SB clients (residents and non-residents) to be made at the moment the order by the non-resident is received.
• Transfer of funds without any limitations.
• Payment and disbursements in cash according to legal regulations in the country, as follows:
-payment of cash foreign currency funds in account of the non-resident in the amount up to MKD 10,000 in the course of one month, and higher than that amount by providing written confirmation on entered cash foreign funds issued by the Customs office of the Republic of Macedonia, in the name of the payer legal entity, with validity of 5 working days ( the limitation of cash foreign currency funds does not refer to representative offices of foreign countries and international organizations)
-payment of cash foreign currency funds in account of the non-resident which represent non-spent foreign currency funds previously withdrawn from the account of the non-resident
-payment of cash funds in denars only on the basis of sale of plane tickets and non-spent cash funds in denars previously withdrawn from the denar accounts of the non-resident
- disbursement of foreign and cash funds in denars without limitations
DOCUMENTATION UPDATE
According to the Decision on the manner and terms and conditions for opening and keeping non-resident accounts, the documents for identification and registration of clients non-residents legal entities are obligatorily updated at least once in two years, by presenting the statement from the trade register or another register where records are kept of legal entities in the country where the entity is registered, not older than 6 months, from which it may be determined that the legal entity worked in continuity in the period after opening the account, i.e. in the period from the last updating.
If the client non-resident legal entity does not supply the required documentation for updating after expiry of two years, as well as if the accounts in the bank have no turnover for more than two years, the bank proceeds according to the valid regulations, which at the moment stipulates blocking the accounts.
DORMANT ACCOUNTS
According to the legal regulations the transaction denar accounts of clients, in which there is no balance and turnover in the last two years, are treated as inactive and the Bank has obligation to close them and notify the client accordingly.