Yes, it is permitted to bring more than 10,000 euros in cash into Serbia, but any amount exceeding this threshold must be declared to customs authorities. [1] [2] [3] While the import of foreign currency into Serbia is generally unrestricted, amounts equivalent to or exceeding 10,000 euros (in dinars or any other foreign currency) must be reported upon entry or exit. [1] [2] [3] This declaration ensures that travelers will not face issues when leaving the country, especially if they are transiting through Serbia or returning the funds abroad. [1] [3]

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To declare the money, travelers must complete a "Declaration Form for the Transfer of Physically Transferable Means of Payment Across the State Border" (Obrazac prijave prenosa fizički prenosivih sredstava plaćanja preko državne granice). [2] [3] This form is available at border crossings and can also be found on the website of the Serbian Customs Administration. [3] The form should be filled out in duplicate, either by the traveler or with the assistance of a customs officer. [2] [3] It is crucial to provide accurate information, as false or incomplete declarations are considered as if no declaration was made. [2] After verification, the customs officer will endorse the form, retaining one copy and returning the other to the traveler. [2] This confirmation is valid only until the first exit from Serbia. [1] [2] [3] No tax is levied on the declared amount. [1] [2] [3]

The 10,000 euro limit applies per person, including children. [2] [3] If a traveler carries a combination of foreign currency, Serbian dinars, traveler's checks, or securities, their combined value cannot exceed 10,000 euros without declaration. [2] [3] While carrying money on a payment card linked to a bank account is generally unrestricted, physical cash exceeding the limit requires declaration. [2]

For non-residents, carrying more than 10,000 euros out of Serbia is permissible if they possess a confirmation of entry of foreign currency (issued by customs upon entry), a bank statement proving the money was withdrawn from their foreign currency account in a Serbian bank, or a confirmation from an exchange office that the money was obtained by exchanging dinars acquired via a payment card in Serbia. [2] [3] Serbian residents can only export more than 10,000 euros if they are emigrating, supported by an emigration visa in their passport and a certificate of deregistration of residence in Serbia issued by the Ministry of Internal Affairs. [2] [3]

Failure to declare amounts exceeding 10,000 euros is considered a violation of the Law on Foreign Exchange Operations and the Law on Prevention of Money Laundering and Financing of Terrorism. [1] [2] [7] Undisclosed funds are temporarily seized and deposited into an account at the National Bank of Serbia within two days of the offense. [1] [2] [7] Legal proceedings then follow, which may result in a fine and permanent confiscation of the money if its origin cannot be proven. [2] [7] However, if the origin of the money can be substantiated, the funds will be returned. [2]

The data regarding declared cash transfers across the border is submitted to the Administration for the Prevention of Money Laundering within three days. [1] [2] [3] If there are grounds for suspicion of money laundering or terrorist financing, the customs authority is obligated to state the reasons for such suspicion. [1] [2] [3]

It is important to note that while the 10,000 euro limit applies to physical cash transfers, transactions involving bank accounts are handled by banks, which are subject to regulations concerning the prevention of money laundering. [2] [3] Additionally, a proposed amendment to the Law on Public Notaries in Serbia suggests that cash loans between individuals exceeding 10,000 euros will require notarized contracts to enhance financial discipline and legal certainty, and to provide the Administration for the Prevention of Money Laundering with real-time insight into such transactions. [4] [6]

Similar regulations exist in the European Union. When entering or exiting the EU with 10,000 euros or more in cash (or its equivalent in other currencies), travelers must declare it using the EU Cash Declaration Form. [5] [8] Failure to declare or providing incorrect information can lead to penalties. [5] [8] Customs authorities can also intervene if there are indications of criminal activity, even for amounts below the 10,000 euro threshold. [5] [8]

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