How to send money to North Macedonia in 2026: euros from the European Union in 1 business day and exchange into denars for a payment
The denar is pegged to the euro, about 61.6 per euro, so euros are the currency to send to Skopje: from the European Union a payment takes 1 business day, but the sender's bank asks for the bank code and the recipient's address. In 2026 children and a spouse receive gifts tax-free, and the flat purchase tax is 2-4%.
In short
- Since 7 October 2025 euros from the European Union have gone to North Macedonia under European rules in 1 business day.
- The denar is pegged to the euro: 61.6423 denars per euro on 7 October 2026.
- Children and a spouse receive gifts tax-free, others pay 2-5% as decided by the municipality.
- The property transfer tax on a flat is 2-4%, and income tax is 10%.
In detail
The denar holds at about 61.6 per euro, so euros are the best currency to send to North Macedonia: since October 2025 a payment from the European Union reaches Skopje in 1 business day under the European standard, and the recipient needs a 19-character number, the bank code and an address. From the rest of the world money takes 1-3 days, and a gift to children and a spouse is not taxed.
| Method | On 8 October 2026 | Currency | Time | What you need |
|---|---|---|---|---|
| A euro transfer from the European Union and the euro payments area | works under European rules since 7 October 2025 | euros to a currency account or exchanged into denars | 1 business day | the 19-character account number, the bank code, the recipient's name and address |
| An international transfer from other countries | works | dollars, euros, francs | 1-3 business days | the account number and the bank code of 8 or 11 characters |
| A money transfer service to an account | works | denars, euros | from minutes to a day | the recipient's name and account number |
| Paying the seller for a flat | works | euros or denars under the contract | 1-3 business days | the contract, a certificate of payment of the property transfer tax |
National Bank of the Republic of North Macedonia rate on 7 October 2026: 54.7008 denars per dollar and 61.6423 per euro, dollar amounts rounded up; table checked on 8 October 2026.
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The denar and the euro: why transfers to Macedonia go in euros
The National Bank of the Republic of North Macedonia has kept the denar pegged to the euro for many years, at about 61.6 denars per euro. So prices for housing, rent and cars are discussed in euros here, and Macedonian banks hold euro currency accounts, where a transfer lands with no exchange.
If you send dollars, the bank will exchange them into denars or euros at its own rate, and from $10,000 the difference is noticeable. It is more convenient to send euros right away: from the European Union they arrive in 1 business day, and they are exchanged into denars for a specific payment, such as rent or utility bills. Exchanging denars back into euros is free at Macedonian banks, and with the peg the balance after a deal returns to euros with almost no loss on the rate.
North Macedonia is not part of the European Economic Area, so even for a euro transfer from the European Union the sender's bank asks for the recipient bank's code of 8 or 11 characters and the recipient's address. The name is written in Latin letters exactly as recorded at the Macedonian bank, and the purpose briefly: a gift, payment for a flat under a contract, a transfer of own savings.
A transfer to Skopje from a country outside the European Union: correspondent banks
Yes: from other countries a transfer in dollars, euros or francs goes through correspondent banks in 1-3 business days, and the Macedonian bank credits it to an account in the same currency. It is better for the sender to cover the correspondent banks' fees in full, so that exactly the amount sent arrives in Skopje.
How money is sent from your country is set by its laws, and the Macedonian bank only credits the payment. If your bank does not send a payment to Skopje directly, a manager will choose a legal route from your country: a path can be found for difficult destinations too.
Gift tax in North Macedonia: the rate is set by the municipality
First-order relatives receive a gift or inheritance tax-free: children, grandchildren and a spouse. For the second order, which includes parents, brothers and sisters, the rate is 2-3%, for the third order and unrelated people 4-5%, and the exact figure within these limits is set by the municipality where the recipient lives or the property is located.
The tax is calculated on the market value of the gift, and a deed of gift and a document proving kinship, such as a birth certificate, are attached to the return filed with the municipality. So money from parents to children is sent with the purpose "gift to son" or "gift to daughter", and a large sum from distant relatives is backed by a deed of gift: both the municipality and the Macedonian bank need it.
| Who receives the gift | Rate in North Macedonia |
|---|---|
| Children, grandchildren, spouse | 0% |
| Second order: parents, brothers, sisters | 2-3% as decided by the municipality |
| Third order and unrelated people | 4-5% as decided by the municipality |
Personal income tax in North Macedonia on 8 October 2026 is a flat 10%, and a transfer of your own savings into the country is not treated as income. A statement from the account in the country the money comes from answers the Macedonian tax office's question about the origin of the sum.
We will help you send money to North Macedonia
Mistakes cost more than fees: a euro transfer with no bank code or recipient address, dollars exchanged twice into denars and euros, a large gift to a distant relative with no calculation of the municipal tax, money for a flat with no statements along its path. We will help you avoid them: we choose a legal transfer route from your country, prepare source-of-funds documents for the Macedonian bank and notary and carry out the transfer through licensed partners until it is credited.
Details and cost are with a manager in the chat: the calculation depends on the amount, the country the money comes from and the purpose of the transfer.
Buying a flat in North Macedonia: 2-4% tax and the payment order
Residents of European Union and Organisation for Economic Co-operation and Development countries buy flats in North Macedonia on equal terms with citizens, and other foreigners on terms of reciprocity with their country. Agricultural land is not registered as a foreigner's property; it is taken on long-term lease.
The property transfer tax is 2-4% of the market value, the rate is set by the municipality, and by default the seller pays it unless the contract divides it otherwise. The order is this: the contract is filed with the municipality, after the tax is paid a notary certifies it, and then the right is entered in the cadastre. The annual property tax is 0.1-0.2% of the value.
Money for a flat goes by transfer from your own account, and the seller's Macedonian bank looks at where the sum came from, so statements along the whole path of the money are prepared before the deposit. Buying a flat in Skopje or on Lake Ohrid? A manager will draw up a transfer schedule around the dates for paying the tax, the notary and registration in the cadastre.
A deal by power of attorney: the buyer pays personally
A buyer who cannot come to the notary in Skopje issues a power of attorney with an apostille and a translation into Macedonian. The money still goes from the buyer's own account, not the representative's: the seller's bank checks the payer against the buyer in the contract, and a payment from a third party raises extra questions.
Sending a large sum to North Macedonia: a ladder of documents
A Macedonian bank accepts a transfer with no upper limit, and the set of papers depends on the step of the amount. Checked on 8 October 2026:
| Amount | The Macedonian bank's question | What to prepare |
|---|---|---|
| Up to $10,000 | the purpose of the payment and the link to the recipient | the details and a short explanation: a gift, rent, study |
| $10,000-100,000 | the source of the money, if the sum stands out from usual transactions | a 3-6 month statement, an income certificate, a deed of gift |
| From $100,000 | the path of the money back to the source and the purpose: a home, a business, a deposit | a contract for the sale of a flat or a stake, inheritance documents, a tax return, statements for each account along the way |
How to prove the origin of money is explained in proof of source of funds, sending large sums abroad and moving home sale proceeds abroad.
Planning to send $100,000 or more to North Macedonia for a flat or your own business? A manager will gather source-of-funds documents for the Macedonian bank and carry out the transfer through licensed partners until it is credited; moving capital in full is on the capital relocation page.
Where money goes from Skopje: Germany, Switzerland, Austria
From North Macedonia money most often leaves for where family members work and study:
- Germany - an instant euro transfer, the bank checks the recipient's name
- Switzerland - francs, euros or dollars, deposits up to $130,000
- Austria - a gift from a relative over $56,000 a year is reported
- Turkey - a transfer to your own account in 1-5 business days, no tax on bringing in money
Sending money to nearby countries
- Serbia - dinars and euros, a flat is paid for only through a bank
- Bulgaria - in the euro area since 1 January 2026
- Greece - a tax number by video call, a flat for the golden visa
- Albania - euros under European rules, a gift to family with no tax
- Montenegro - euros outside the European Union, a transfer in 1 business day
- Kosovo - euros with no exchange
Ways to move capital for every country are on the capital relocation page.
FAQ
How many characters does a Macedonian account number have?
Do euros go to North Macedonia under European rules?
How many denars are there in one euro?
Do children pay tax on a gift from their parents in North Macedonia?
Who pays the tax when a flat is bought in North Macedonia?
How much is property tax in North Macedonia?
What is the income tax rate in North Macedonia?
We will suggest the best way to send your money
We will choose a transfer method for your amount and country, prepare the documents on the origin of the money for the bank, make the transfer through licensed partners and follow it until the money is credited. Ask your question in the chat - the manager will suggest the best terms and the cost. The legal side with banks and government bodies is handled by Murblz specialists and locally licensed partners.
Details and cost are with the manager in the chat. Describe your situation and we will reply right away.
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