How can a non-resident – an individual, sell real estate that is located in Serbia?
Sale of apartments, business space and other real estate can take place in dinars or in a foreign currency. If the contracting parties agreed that purchase value of a real estate be paid in a foreign currency, the buyer, who needs to have a foreign account with a certified bank in the country, authorizes the bank to transfer the funds to account of the non-resident seller, whose non-resident’s foreign account is kept with a certified bank in the country. The certified real estate sale agreement must be presented as evidence. If the payment was agreed in dinars, the sum can be paid to non-resident’s dinar account held with a certified bank, also by presenting the agreement.
