Money from abroad does not land in the account by itself. The bank requires the purpose of the inflow to be stated, and if that is not done in time, the funds sit and wait. Loans from abroad must be reported to the National Bank within short deadlines.
What it covers
- Foreign currency inflows — determining the payment purpose from the contract (not from the SWIFT message text) and completing the authorisation for the bank.
- Payments abroad — purpose codes and supporting documents for outflows.
- Loans and credits from non-residents — reporting the agreement, each drawdown and each repayment to the National Bank.
- Capital contributions from foreign shareholders — purpose code and records.
- Accounting treatment — exchange differences, interest and liabilities to foreign partners.
Why it matters
A wrong purpose code means wrong records and extra work on the next inflow, and loan reports have deadlines of a few working days. We read the contract, choose the code and prepare the documents — you just sign.