Individual and corporate bank account opening assistance in Cyprus

We provide bank account opening assistance in Cyprus for individuals and companies, subject to each bank’s eligibility requirements and due diligence checks. This can be a stand-alone service or arranged alongside our new company incorporation package or ready-made company service.

Once the account is open, we can assist with account administration and signatory arrangements where agreed and permitted by the bank. We can also help you apply for loan facilities, debit and credit cards, and online banking services, subject to the bank’s approval and terms.

A choice of banks

We work with banks in Cyprus and abroad to assist clients with account opening applications. Some of the banks and payment providers we can help you approach are listed below. Please contact us to confirm the available options, as these depend on your circumstances and each provider’s current requirements.

Cyprus Banks

• Bank of Cyprus
• Eurobank
• Astrobank

Foreign Banks

• Bank One (Mauritius)
• ABC Bank (Mauritius)
• Euro Pacific Bank (Puerto Rico)
• CIM Bank (Switzerland) (Nominees shareholders not accepted)

Electronic Monetary Institutions (EMIs)

• Bilderlings (UK)
• Pervesk/Bankera (Lithuania)
• DBSC Bank (Lithuania)
• Migom Bank (Domenica)
• Infinitus Payments (Lithuania)
• DynaPay (UK)
• Ecommbx (Cyprus)
• Unlimint (Cyprus)
• ISXPay (Cyprus)

Opening a corporate bank account:

Required documentation:

1. Company incorporation documents
2. Copies of the beneficial owners' passports, the directors' passports and the shareholders' passports (Proof of ID)
3. A utility bill, which must be no more than 3 months old, from the beneficial owners, the company's directors and the company's shareholders (Proof of address)
4. A bank reference letter for the beneficial owners, the company's directors and the company's shareholders (View reference letter sample)

Required information:

1. Business activities of the company
2. Estimated annual turnover
3. Countries from where funds will be arriving
4. Countries to where funds will be going
5. Name of the bank you wish to open an account with
6. Currency of account

Opening an individual bank account:

Required documentation:

1. Verified passport copy (Proof of ID)
2. Utility bill — no more than 3 months old (Proof of address)
3. Bank reference letter (View reference letter sample).

Required information:

1. Name of the bank with which you wish to open an account
2. Currency of account

Opening of offshore bank account

We provide offshore bank account opening assistance, subject to the bank’s eligibility requirements and approval.

How to open a bank account

To open a bank account online, please, fill the application form.