+00357 25103904 susan@yourgroup.eu.com

Cyprus Bank Account

 

We cooperate with the major banks in Cyprus

Payments into the Cyprus bank account can be received and credited to your account faster than in other countries, thus saving you time and money.

  • EU Central Bank Deposit Protection Scheme: Up to to 100,000 euro
  • 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.

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

 

 

Corporate Bank Account


Documents and information Required:

  1. Certified Copy of full set of company documents
  2. Passport and recent utility bill for all officers and owners
  3. Detailed description of business activity
  4. Ownership structure
  5. Company website address

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

Personal Bank account


Documents and information Required:

  1. Passport and recent utility bill
  2. Detailed description of source of funds / income
  3. Reason why you want bank account

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