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Opening bank accounts in Cyprus

Opening bank accounts in Cyprus
Benefits of opening a bank account in Cyprus:
  • European level of service;
  • multilingual staff, often speak Russian;
  • convenient mutual settlements with partners and contractors;
  • possibility of remote account opening and management;
  • loyalty of the tariffs of Cypriot banks for non-residents;
  • possibility to open an account for companies from other countries;
  • banks work with SEPA, SWIFT transfers;
  • available accounts in dollars, euros, hryvnia and other currencies;
  • often there are no minimum balance and contribution requirements.

Opening an account in a Cypriot bank is popular among both individuals and legal entities from different countries. Cyprus is a financial European center, which is famous for its developed banking system. Despite some tightening of compliance requirements that are now inherent in all European banks, Cyprus continues to allow non-residents to open a bank account online. Client verification takes place through a special online program or by opening a personal account for a company shareholder, so the procedure for opening an account in a Cyprus bank is completely remote.

In addition, some Cypriot banks remain loyal to offshore companies, therefore, if it is required to open an offshore account, Cyprus can ensure the implementation of this request. In Cyprus, opening a bank account is suitable for ensuring the operations of a foreign or international company, personal settlement or savings purposes.

List of banks in Cyprus:
Name
Category
Opening date
Price
Operational
from 1 month
1000 eur
Name
Category
Opening date
Price
Operational
from 1 month
1000 eur
Name
Category
Opening date
Price
Operational
from 1 month
1000 eur
Popular questions
How to open an account in Cyprus?
To open an account in Cyprus, first of all, it is necessary to choose the right bank, taking into account the client's goals, his residency and activities, tariffs and document requirements. After that, it is necessary to prepare all documents, go through compliance, identification and verification procedures, make an initial deposit (upon request) and activate the account. Our lawyers accompany you at every stage of opening an account, communicate directly with bank representatives and help in all organizational matters. If you need an escort, leave us a request and we will contact you.
What are the best accounts to open in Cypriot banks?
The region is famous for its offers to serve international business. Settlement accounts are available for both individuals and corporate entities, residents of other countries.
Is it possible to open an account in Cyprus online?
Cyprus is very loyal to non-resident businesses, therefore it allows you to open accounts online. Some banks may require a personal meeting with a bank representative in Ukraine or a video conference to identify a client, but the account opening procedure itself takes place remotely.
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