The bank account opening in Cyprus for business purposes is something bothering many entrepreneurs wishing to move their operations in the country.

Our advisors help companies and individuals for the opening of bank account in Cyprus suggesting the financial institutions and services that suit best to each case.

Bank account in Cyprus bank.

Cyprus as a modern business and financial center has a well-developed banking system where local and international bank institutions operate aiming to provide customer services to international corporations and business people.

The local bank system and institutions after the tough days of 2013 are fully capitalized under the surveillance of the European Central Bank and the Cyprus Central Bank, and are now fully recovered and operating, providing their services.

KTC Business Consultants is an evaluated bank representative and has the ability to offer bank account openings in any local bank in Cyprus, in any currency, without any currency restriction when transferring amounts. Our firm undertakes bank account openings in many other countries around the world such as: UK, Bulgaria, Germany, Switzerland, Malta, Dubai, Singapore, Hong Kong and many more.

Personal bank account.

Documentation needed for the opening of personal bank account in Cyprus.

  • ID or Passport
  • Proof of address
  • Updated CV
  • Completed KTC bank account opening questionnaire 

 

Corporate bank account.

Documentation needed for the opening of corporate bank account in Cyprus.

Company Certificates

  • Certificate of Shareholders
  • Registered office address certificate
  • Registration Certificate
  • Certificate of Directors

Memorandum and articles of association

A trust signed by the beneficiary and the registered shareholders (where applied)

Identification certificates

  • ID or Passport
  • Proof of Address (Utility bill)

 

Bank charges.

Bank charges of Cyprus banks are competitive and can vary from institution from institution. We recommend that you speak with our advisors for a full guidance before choosing a bank institution. Our firm can also assist you with the opening of a bank account out of Cyprus to countries such as:

  • United Kingdom
  • Malta
  • Dubai
  • Germany
  • Switzerland
  • Latvia
  • Lichtenstein
  • Singapore
  • Cech Republic
  • Hong Kong

 

FAQ.

How many days does it take to open up a Bank account in Cyprus?

Approximately 3-5 working days from the day the signed documents from beneficial owners are delivered to the bank.

 

Can I open a Cyprus Bank account without being a resident?

Yes, you can.

 

Do I get a credit card when opening a bank account?

Yes.

 

What are the fees/charges for the credit card?

This depends on the card type.

 

What are the fees for having a corporate account?

Depends on the bank. Usually banks charge from €500 - €800 per year. A company is obliged to provide all requested information to the bank such as activities, owners, clients and customers.