Silk Road Bank (Macedonia)

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Silk Road Bank (Macedonia) 

The bank was established in April 1993 under the name Kreditna Banka AD Skopje. In 2000, Alpha Bank A.E. (the Athens) become the main shareholder of this bank and bank’s name has been changed to Alpha Bank AD Skopje. In May 2016, Silk Road Capital (the corporation owned by swiss private investors) bought out Alpha Bank AD Skopje and changed its name to Silk Road Bank.

OPEN AN ACCOUNT IN SILK ROAD BANK MACEDONIA

Types of bank accounts

Personal, corporate.

The bank opens accounts for any companies, incl. those that are registered in classic offshore jurisdictions.

The cost of opening of the account (bank tariff)

For natural persons and legal entities – free of charge .

Additionally, it is necessary to transfer a non-refundable advance payment in the amount of 100 EUR for consideration of documents by the bank. If the bank refuses to open an account, the advance payment will not be returned to you. Consideration of documents by the bank will be possible only after the advance payment is transferred.

 

Account closing:

- for non-resident individuals - 600 MKD;

- for legal entities of non-residents - 1300 MKD.

Representative offices

None.

Management of the account

Via software – Internet-banking.

Bank’s tariffs

Account service:

- for individuals - free of charge;

- for a non-resident legal entity - 900 MKD.

Tariffs for payments and other services of the bank can be found here.

Please note that the bank's rates may vary depending on the activities and turnover of the client.

Terms of opening the account

The process of opening an account begin with the preliminary stage, which includes gathering and providing us with the documents needed for account opening. The term of preparatory stage depend on you.

The stage of review of the documents by bank and making a decision regarding opening an account takes from 10 to 15 business days starting from the date when the documents and forms are submitted to the main bank office.

Silk Road Bank follows KYC policy and reserves the right to require additional information or documents what may lead to account opening term exceeding, as well as refusing of account opening without reasons explanation.

Staff

English speaking.

Other bank’s products

Deposits, trade financing, safe deposit box.

Documents for opening an account

Forms for signing are given in our office upon personal meeting.

The documents should be provided either in originals or in the form of copies certified by the notary. Depending on the jurisdiction of the company, the bank can request to provide the documents under apostille.

If the original documents are submitted to the bank, they will be returned upon completion of the account opening process. Notarized copies of documents are stored in the bank. The power of attorney (original or certified copy) is also stored in the bank.

Company’s documents – you should give us the originals of all corporate documents. In case from the date of the company’s incorporation more than one year has passed it is required to provide:

- Certificate of Good Standing under apostille no older than 1 month from the date of issue;

- Certificate of Incumbency under apostille no older than 1 month from the date of issue;

- organizational structure of the company;

- letter on the activities of the company, signed by the director of the company.

Documents for the account holder:

- original and notarized copy of internal passport;

- original and notarized copy of foreign passport;

- original identification code;

- CV-resume;

- original bank recommendation in English;

- receipt of utility bills (for gas, electricity) not older than 3 months (to confirm the address of residence).

Documents for the beneficiary:

- original and notarized copy of internal passport;

- original and notarized copy of foreign passport;

- original identification code;

- CV-resume;

- original bank recommendation in English;

- receipt of utility bills (for gas, electricity) not older than 3 months (to confirm the address of residence).

Documents for the nominee manager/shareholder/secretary (if the company uses the nominee service):

- a copy of the passport (if the nominee head/secretary/shareholder is an individual). After agreeing on the possibility of opening an account, it will be necessary to provide the originals of a notarized copy of the passport and utility bills of nominee directors under the apostille to the bank.

- a copy of the Certificate of incorporation under apostille, the Articles of Association  and the Memorandum of association under the apostille, the protocol on the appointment of the director under the apostille (if the manager/ shareholder/secretary is a legal entity). If the company was incorporated more than 1 year ago, a Certificate of Good Standing under the apostille and Certificate of Incumbency under the apostille not older than 1 month shall be provided. After agreeing on the possibility of opening an account, it is necessary to provide notarized copies of documents under the apostille to the bank.

The procedure of opening an account

There is no need to personally visit the main office of the bank for opening an account, since the account can be opened remotely. All you have to do is to visit our office to fill out a questionnaire and provide the originals of the above mentioned documents. After that, we will prepare all bank forms for signing in our office.

Bank site

silkroadbank.com.mk

For further consultation concerning the terms of account opening in Silk Road Bank (Macedonia) please contact our office. We will respond to any questions you may have and will help you open an account in Macedonian Silk Road Bank or any other bank out of 70 foreign banks you may choose from.