Open a Cyprus Bank Account
Banking in Cyprus is a pleasure. Forget the traumatic experience for trying to open a bank account in other countries and the months of waiting. Our Law Firm can get you a very fast Cyprus Bank Account in 24 hours! Fully active in 4 days! For more detailed information on how to open your bank account in Cyprus or in any other country please read: How to open a Cyprus Bank Account in Cyprus? Cyprus bank accounts offer your business flexibility, speed, professional tools for fast trading and of course the means to success. The procedures for opening a Cyprus bank account are simple and fast. Many Cyprus Banks offer corporate and personal bank accounts with summary procedures and with all the facilities and tools needed for a professional. Most Cyprus Banks are offering banking services of high quality and equally efficient to those of any international banks. The Cyprus banking system is stable now. Cyprus bank accounts are sought after by international entrepreneurs who know their benefits and advantages. There are now no restrictions at all on the movement of money in and out of your account. You can deposit a million U S Dollars in your account now, and you can swift it off to another country five minutes later.
The Advantages of a Bank Account in Cyprus
A Bank Account in Cyprus offers great advantages and benefits to the account holder, the private individual, the international entrepreneur or the professional for his offshore operations. The professional environment of Cyprus banks, the personal and friendly attitude of the bankers, the great get up and organisation of Cyprus banking, the easily accessible services or the strategic position of the island makes a Cyprus bank account one of the most useful tools for professionals and not only. The following are some but not the only ones of the advantages of the Cyprus bank accounts:
1. Fast, fuss free opening. In one day we can have the Account Number, IBAN and SWIFT numbers for you. It can be fully activated in 4 days.
2. Your Presence in not Necessary. A Cyprus Bank Account can be opened by fax and email!
3. No terms for minimum initial deposit.
4. An online Cyprus Bank Account offers i-banking, allowing swift transfers from the comfort of your office p.c.
5. Digipass machine for extra security makes the Cyprus Bank Account, one of the safest accounts.
6. Multi currency at no extra cost.
7. Low Bank Charges
How to Open a Bank Account in Cyprus
Generally a Cyprus bank account is easy to open and operate. It does not cost too much money either in legal fees or bank charges. Cyprus banking can offer you the benefit of all the professional facilities that you may require. In a Cyprus Bank Account you may deposit as much or as little money that you may need to. There are no terms 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. All you need for opening Cyprus Bank Accounts is:
- A copy of your passport’s picture page. Some banks want it to be Notarized some don`t. So we will tell you when you choose your bank in Cyprus.
- A utility bill in English or translated in English for water or electricity, or telephone or gas. If that is not possible sometimes a bank statement of your home bank account is enough.
- Answer the Due Diligence we send you, for supplying your contact details and to tell us what facilities you need for your account.
- If the account is for a company we are to set up for you, then nothing else is required of you as we will already have the company documents.
- If the account is for a company of some other jurisdiction, then we shall need the company certificates, such as the certificate of incorporation, the memorandum, share certificate etc.
Time Schedule for Opening a Cyprus Bank Account
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! The bank account is ready to accept deposits. Within 5 days of returning to us the bank forms sent to you by courier, signed, your Cyprus bank account is fully activated.
Open a Cyprus Bank Account
Any natural/physical person over the age of 18 years and also any corporation or company or other organization can open a Cyprus bank account. In the case of a natural person he can be the only signatory of the account if he likes i.e. the person controlling the account, or he can act through an appointed signatory who can be appointed by our firm to be his representative. This way his confidentiality is protected even more. Of course the nominee signatory will act only on the written instructions of the real owner of the account. The real owner of the bank account can verify the account transactions through his internet banking facility! So go ahead and open a Cyprus bank account without fearing for the security of your money. In order to open a Cyprus bank account get in touch with us here: Apply here for an account.
Cyprus Corporate Bank Account
By corporate bank account we mean a bank account for your company. We can open a bank account in Cyprus for a company from almost any jurisdiction fast, fuss free and always for very reasonable fees. If you want to check our fee schedules for opening Cyprus Bank Accounts follow this link: See our fees. A Cyprus Corporate Bank Account will offer you and your company fast banking services of high quality and low banking charges. Our firm can open a Corporate Bank Account for you in a few days. The formalities for opening a corporate bank account are not complicated and in any case our firm will do everything for you while your relaxing in your expensive executive office chair. Your presence is not necessary. We can do everything by email, fax and courier! The documents required for a Cyprus corporate bank account are apart from the above needed for a personal bank account, the banks will also require the certificates of the company such as the certificate of incorporation, the share certificate, the memorandum, the resolution appointing the first directors etc. Some banks need these documents to be appostilled and some don`t. We can tell you which don`t want the documents to be appostilled thus saving you a lot of money. If there are more than one person in the company as directors or shareholders the banks will ask for a legal due diligence for all these persons and they will need to provide the same documents as or opening a personal bank account above.
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.
Your Physical Presence is Not Necessary for the Opening of Your Cyprus Bank Account.
All Cyprus Banks are fully professional and client friendly. Your physical presence is almost 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. Get in touch with our office for more details and prices for your Cyprus Bank Account now.
Cyprus Banking Confidentiality
Your confidentiality is fully guaranteed. No one knows your name and the rest of the personal data of the bank account, but the bank itself. 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 can get details of a Cyprus Bank Account, is to get a court order, in the process of investigating a very serious crime.
Open A Cyprus Bank Account