The 60-second version
North Macedonian brokerage exit needs sell MSE holdings, PRO tax summary, depot termination letter, and EUR SWIFT to NRE before India tax residency.
PRO capital gains before MKD wire — sell MSE holdings first
North Macedonia taxes capital gains on securities — obtain broker annual summary and file via PRO before closing depot.
NLB Tutunska and Stopanska Banka are common — MSE listings are small; plan exit before losing Skopje e-banking.
Balkans neighbour: Bosnian brokerage guide if parallel Sarajevo depot.
North Macedonian brokerage wind-down
| Broker | Tax doc | Step |
|---|---|---|
| NLB Tutunska | CG stmt | Sell + close |
| Stopanska | Annual cert | Zero holdings |
| MSE | Local stocks | Plan liquidity |
| Linked bank | MKD/EUR | Close after depot |
Closure
Sell
Liquidate MSE holdings.
PRO tax
CG if required.
Convert MKD
EUR before SWIFT.
Close depot
Termination letter.
Schedule FA
Last FY foreign asset.
Flow
North Macedonia brokerage kit
- Trade confirms.
- PRO summary.
- Closure letter.
- SWIFT.
- EMBG copy.
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Name change
Accounts may still show 'Macedonia' on legacy docs — PRO and broker use current North Macedonia legal name.
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Keep MSE stocks?
Schedule FA if retained — most close depot.
Form 67?
If Macedonia CG taxed same FY as India gain.
US person FBAR?
Macedonian accounts in USD 10k aggregate test.
Bosnia neighbour?
Bosnian brokerage guide if parallel Sarajevo depot.
Dividend WHT?
Macedonia WHT — treaty relief via Form 67.
Serbian broker?
Serbian brokerage guide if parallel Belgrade depot.
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