Opening a Cyprus Bank Account – All About Cyprus Banking
For further information please read: How to open a Cyprus Bank Account?
A bank account in Cyprus is very easy to open, and it does not cost too much money, either in fees or bank costs. Cyprus banking can offer the businessman all the facilities that he may require. In a Cypriot bank account you may deposit as much or as little money that you may need to. There are no limits of maximum or minimum! The costs of running and maintain a Cyprus bank account are minimal, i.e. They run into a few euro per month. The initial bank costs for opening a bank account in Cyprus are the cost of the digipass machine, or token, and some euro for the courier service; usually they range between 70 to 90 euros.
What Formalities are Needed to Open a Cyprus Offshore Bank Account?
All you need for opening a Cyprus bank account is:
- A copy of your passport’s picture page,
- A utility bill in English or translated in English
- Answer the Due Diligence we send you, for supplying your address, telephone, email etc.
- If the account is for a company we have set up for you, then nothing else is required of you. If the account is for a company of some other jurisdiction, then we shall need the company certificates.
Time Schedule for Cyprus Bank Account Opening
FORGET THE UNENDING FUSS OF OTHER JURISDICTIONS!!! In Cyprus opening a fully functional, fully activated, fully operational bank account, takes very little time. Within one day from the moment you have supplied us the above documents, you can have the SWIFT, IBAN and bank account numbers!
Within 4 days, of returning to us the bank forms sent to you by courier, signed, your Cyprus bank account, is fully activated and working.
Who Can Opem a Bank Account in Cyprus?
Any natural/physical person over the age of 18 years and also any corporation or company or other organization can have a Cyprus bank account.
In the case of a natural individual, he can be the only signatory of the account i.e. The person controlling the account, or he can act through an appointed signatory. All that is needed is to sign a relevant form for the bank.
In the case of a corporation, the director, or the secretary of the company , or the shareholder , are all eligible for being the signatories of the corporate bank account, either one of them, or two or all three of them. Of course the company can also use the services of an appointed representative signatory as above.
Is Your Physical Presence Necessary?
Forget this unacceptable and unreasonable condition by banks in other jurisdictions! Cyprus banks are fully professional and client friendly. Your physical presence is never required. You understand how important that is to you.
- You save your precious time
- You save a lot of unnecessary expenses
- You save a lot of inconvenience and fuss
- You save your absence from your everyday duties of having to run your business, and much more.
Everything is done for you by our firm, through email, telephone, fax and the couriers. You don`t have to move a muscle.
Ask at the back office for more details and price list for your cypress bank account now.
Cyprus Banking Confidentiality
Your confidentiality is fully guaranteed. No one knows the name and the rest of the personal data of the bank account, but the bank itself. And in Cyprus, the details of the account are not revealed to the tax authorities, or any other authorities, or the government or any third country. The only way a third party such as a third country to get details of a Cyprus bank account, is to get a court order, in the process of investigating a very serious crime.
Our company employees safeguard the business secrets of our clients very strictly and at any cost.