Are there restrictions for transferring funds to and from Macedonia?
There are no restrictions for transfers of funds from a current account based on an invoice or other type of agreement or appropriate document. Profits and dividends from inward investments can be freely transferred abroad after taxes are paid. Also, there are no regulatory restrictions on foreign investments by non-residents in Macedonia. Credit transactions between residents and non-residents can be freely arranged, and have to be registered at the Central Bank. Non-residents can freely open non-resident accounts in Macedonian banks.
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