Opening a bank account in Cyprus

Opening a bank account in Cyprus

 Opening a Bank Account in Cyprus: Streamlined Process The process of opening a personal bank account in Cyprus has evolved, now aligned with updated money laundering laws and Central Bank directives. With the right documents and guidance, the process remains straightforward. Who Can Open an Account:
  • Residents and non-residents
  • Local and foreign companies

Required Documents for Personal Account:
  • Passport copy
  • Proof of address (recent utility bill within 3 months)
  • Bank/Financial institution reference letter (within 3 months)
  • Detailed CV
  • Information on annual income (tax declarations, income/payslips, etc.)
  • Source/value of wealth documents (bank statements, title deeds, etc.)

Business Account Documents:
  • Certificate of Incumbency and Letter of Good Standing
  • Company's address and activities description
  • Certificate of Registration, Directors and Secretary details
  • Memorandum and Articles of Association
  • Corporate structure documents leading to UBO (for complex structures)
  • Audited Financial Statements/Management Accounts
  • Information on the source of funds
  • Good Standing Letter, Bank reference letter (within 3 months)

All documents should be in English or officially translated. Our Services:
  • Efficient bank account opening in Cyprus
  • Expert guidance on required documents
  • Seamless Cyprus company formation with a bank account

For a hassle-free process and competitive fee services, contact us for a complimentary personal consultation. Your financial goals, realized in Cyprus.