Payment Operations
Oppening an account
Opening a payment account
Legal entities opening a payment account in denars for the first time are required the following documentation:
filled Application for identification/revision of a legal entity
filled Request for opening/updating a payment account of a legal entity
current status for the legal entity no older than 6 months
ZP form
personal identification document from the person (or people) authorized to represent or have a controlling function in the management of the property
personal identification document for the rightful owner(s)
personal identification documents of authorized signatories
other documentation for determining the true owner, no older than 6 months (excerpts from the trade register, current balances, etc. if there are legal entities in the ownership structure)
If the documentation is not in macedonian, it must be translated by a certified court translator.
At the same time, it is necessary to fill out the following Bank forms:
If the legal entity is in one of the activities listed below or belongs to one of these groups, the following additional documents are also required:
Associations of citizens/foundations – activity code 94.99
Additional documents besides the main documentation:
Questionnaire for associations;
act of establishment;
statute;
action plan/program for the current year;
document outlining sources of funding (issued by the legal entity, stamped and signed by the manager);
document describing the method of spending funds (issued by the legal entity, stamped and signed by the manager);
financial reports/annual account for the previous year;
Foreign organization
Additional documents besides the main documentation:
certified copy of the act of establishment of the foreign organization and certified translation of the registration in the foreign country where it was established, or another document confirming that the organization is authorized to operate;
certified copy and certified translation of the decision by the competent authority for establishing the organizational form in the Republic of North Macedonia;
certified translation of the decision and the decision for appointment of the legal representative with personal data, certified copy of the identification document of that person, and a document confirming regulated residence or place of living in the Republic of North Macedonia;
certified translation of the decision for the person authorized by the legal representative for registration of the organizational form of the foreign organization in the Republic of North Macedonia;
Political parties – activity code 94.92
Additional documents besides the main documentation:
act of establishment (statute);
financial reports/annual account for the previous year;
Opening a payment account for an election campaign
Additional documents besides the main documentation:
when opening a payment account “for election campaign”, it is mandatory to provide the unique tax number with the designation “for election campaign”;
for coalitions – coalition agreement;
Organizers of games of chance (betting shops, casinos) – activity code 92.00
Additional documents besides the main documentation:
latest updated “program for prevention of money laundering and financing of terrorism”
statement on sanctions - must be stamped by the legal entity and signed by the manager;
financial reports/annual account for the previous year;
license for performing the activity (if not included in the current balances);
Cultivation of spice and aromatic plants – cannabis industry – activity codes 01.28
Additional documents besides the main documentation:
information on the method of financing and spending of funds (sources of funds and expected outflows, document issued by the legal entity, signed by the manager and stamped by the legal entity);
license for performing the activity, if issued. If no license has been issued, an explanation why the company operates without a license;
identification document for the real owner(s);
financial reports/annual account for the previous year;
Production/trade of weapons and ammunition – activity code 25.40
Additional documents besides the main documentation:
information on the method of financing and spending of funds (sources of funds and expected outflows, document issued by the legal entity, signed by the manager and stamped by the legal entity);
license for performing the activity, if issued. If no license has been issued, an explanation why the company operates without a license;
financial reports/annual account for the previous year;
Financial companies – legal entities registered under activity code 64.19 or other monetary intermediation and other credit intermediation 64.92
Additional documents besides the main documentation:
information on the method of financing and spending of funds (sources of funds and expected outflows, document issued by the legal entity) or financial reports/annual account for the previous year;
latest updated program for prevention of money laundering and financing of terrorism;
statement on sanctions - must be stamped by the legal entity and signed by the manager;
license for performing the activity, if issued. If no license has been issued, an explanation why the company operates without a license;
Legal entities that have a politically exposed person (PEP) in their ownership/management structure
Additional documents besides the main documentation:
financial reports/annual account for the previous year (except for budget users whose financial reports/annual accounts are publicly available on the website of the budget user);
The bank may request additional documentation besides the listed items, in accordance with the law.
Clients of the Bank who already have an open account with SB, but wish to update their information, are required to submit the following completed documentation:
Request for opening/updating a payment account of a legal entity.
Additional documents depending on the activity and the form of the legal entity stated above
Opening foreign currency accounts for domestic legal entities
Domestic legal entities can open foreign currency payment accounts in all branches of Stopanska Banka AD – Skopje, which cover almost all towns throughout North Macedonia.
In order to open FC payment accounts, the client should submit the following documents:
Certificate from the register which keeps records of legal entities head office in the Republic of North Macedonia not older than three months, from which the following can be confirmed: name, head office, activity, registration number and tax number, in original or notarized copy, authorized body founding act, if the legal entity executes registered activity, there is no obligation for entry in the register, or statement from the law if the legal entity is founded in accordance with the law.
ZP form (notarized signature of the legal representative), in original
Original of written authorization signed by the legal representative and identification document of the authorized person.
Non resident accounts
Non-resident accounts
Non-resident accounts could be opened by legal entities registered abroad, humanitarian organizations with their registered office abroad, as well as diplomatic representatives and representatives of international organizations accredited in the Republic of North Macedonia.
Payment accounts for foreign legal entities can be opened in all branches of Stopanska Banka AD – Skopje.
Before establishing a business relationship, the client fills out Questionnaire for expressing intent for establishing business relation with Stopanska banka
In order to open a payment account, the client should submit the following documents:
Written request for opening the payment account and for disposal of the funds in the account, signed by the legal representative of the legal entity, in original.
Application for client identification/revision for legal entities of the legal entity with all mandatory data completed, including the part for ultimate owner, in the original
Personal identification documents of the legal representatives, authorized signatories and beneficial owners of the legal entity
A document for registration of the foreign legal entity issued by a competent authority, an extract from the trade register or other register where records of legal entities are kept in the country in which the entity is registered, no older than 6 months, from which the legal representative, the date of its establishment, the name, address, seat and the activity it performs, managers, owners can be determined, in the original or a copy certified by a notary or authorized institution in the domicile country.
Documents to determine the ownership structure
Certificate of paid taxes issued by a tax authority
Financial statements/final account for the last year
Expected inflows and expected outflows with amounts and principals/principals (can be on a memorandum from the company, signed by the manager)
Credit rating from a bank in the home country
Description of the business and description of the activities on the territory of the RSM/legal and natural persons with whom they cooperate on the territory of the RSM (can be on a memorandum from the company, signed by the manager).
Authorized signature card
General Terms and Conditions for operating a payment account and other services for legal entities
Other documents (The Bank has the right to request from the Client to submit additional documents for verification and enhanced analysis of the operations of the foreign legal entity)
For a non-resident legal entity - a diplomatic mission of a foreign country or a representative office of an international organization, a document issued by the Ministry of Foreign Affairs of the Republic of North Macedonia or an extract from the Central Register of the Republic of North Macedonia, as well as a power of attorney of the responsible person in the representative office, in original or a copy certified by a notary.
The listed documents are submitted in the original in Macedonian, translated by an authorized translator.
The identity of the legal representative and the persons authorized to dispose of the funds on the payment account of a non-resident legal entity is determined based on the following documents:
valid identification document (valid ID card or passport with address of residence)
information / statement whether the non-resident legal entity has bearer shares / shares
Disposal of funds on the payment accounts of a non-resident legal entity
Stopanska banka enables transfers upon the order of a non-resident in foreign currency and in denars in accordance with the legal regulations in the country
Deposits and withdrawals in FC and denars in accordance with the legal regulations in the country
Updating of documentation
In accordance with the decision on the manner and conditions for opening and maintaining accounts of non-residents, the identification and registration documents of non-resident legal entity clients are mandatorily updated at least once a year, by presenting an extract from the trade register or other register where records of legal entities in the country are kept in which the entity is registered, not older than 6 months, from which it can be determined that the legal entity has operated continuously in the period after the account was opened, i.e. from the period of the last update.
If the client, a non-resident legal entity, fails to provide the necessary documentation for updating after one year, as well as if there has been no turnover on the payment accounts in the bank for more than two years, the bank shall act in accordance with the applicable regulations, which currently provide for the blocking of the accounts.