Cyprus Bank Account

Cyprus Bank Account - Manage Funds With a High Degree Of Confidentiality
  • Bank Deposit Protection Scheme: Up to to 100,000 eurocypriot-flag-graphic
  • Full suite of business services are offered by Cyprus banks, including debit cards, e-banking, multiple currencies
  • Cyprus banks are members of SEPA (Single European Payment Area) for lower transaction costs.  
  • Accounts are issued with IBAN numbers for SWIFT payments
  • Account details are confidential and not shared by the bank other than legal authorities
  • No visit to bank required
  • Subject to review of the application forms and supporting information requirements, it takes 1-3 days for the account to be opened.

We cooperate with all the major banks in Cyprus, the process is quick and easy. Any company from any country can open a bank account in Cyprus. Payments in to the Cyprus bank account can be received and credited to your account faster than in other countries, thus saving you time and money.

Cyprus Bank Account Process:


The exact process and requirements will vary from bank to bank.

  1. You send a profile of your company, account requirements and scanned copies of the required information and documents (see below)
  2. Subject to review of the profile and information, by us and the bank; we issue an invoice
  3. Upon receipt of payment we send you account application forms (payment is made in full and is not refundable)
  4. Account opened subject to review of completed application forms and supporting information

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Requirements:

Certified Copy of full set of company documents:

The type of certification will depend on where the company is registered

Website address:

The Bank will ask if you have a Website it is Required (Follow Link – Create a Website)

Detailed description of business activity:

To include:

  • Proposed activity of the new Company
  • Expected turnover
  • Nature of transactions
  • Origin of incoming funds

Destination of outgoing funds

Ownership structure:

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Reason for opening the bank account:

Explanation why the company wants a bank account with bank “X”

Products and Services:

A full range of business and personal banking services are available, including;

  • Debit cards
  • e-Banking
  • Business Loans
  • Overdrafts
  • Trade Finance
  • Deposits
  • Investment Services
  • Cards
  • Electronic Banking
  • Payroll Payments
  • Mass Payments
  • Foreign Exchange
  • Funds Transfer

Information Requirements:

  • Copy of full set of company documents
  • Copy of passports
  • Proof of address (bank statement not acceptable)
  • Original Bank reference letter

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