CYPRUS BANK ACCOUNT :
06 MAY 2011
OPENING 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. A Cyprus Bank account can offer the businessman all the facilities that he may require. In a Cyprus Bank Account you may deposit as much or as little money that you may need to. There is no limits of maximum of minimum! The costs of running and maintaing a Cyprus Bank Account are minimal, ie. they run into a few Euro per month. The initial bank costs for a Cyprus Bank Account are the cost of the Digipass Machine, or Token, and some Euro for the Courie service, usually they range between 70 to 90 Euro!
WHAT FORMALITIES ARE NEEDED TO OPEN A CYPRUS BANK ACCOUNT:
All you need for opening a Cyprus Bank Account is:
1. A copy of your passsorts picture page,
2. A utility bill in English or translated in English
3. Answer the Due Dilligence we send you, for supplying your address, telephone, email etc.
4. 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 A CYPRUS BANK ACCOUNT:
FORGET THE UNENDING FUSS OF OTHER JURISDICTIONS!!! In Cyprus opening a fully functional , fully activated, fully operational Cyprus 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!
Withing 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 HAVE A CYPRUS BANK ACCOUNT:
Any natural/physical person over the age of 18 years can have a Cyprus Bank Account! 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 FOR THE CYPRUS BANK ACCOUNT:
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.
1. YOU SAVE YOUR PRECIOUS TIME
2. YOU SAVE A LOT OF UNECESSARY EXPENSES
3. YOU SAVE A LOT OF INCONVENIENCE AND FUSS
4. 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 CYPRUS BANK ACCOUNT NOW!
CONFIDENTIALITY OF THE CYPRUS BANK ACCOUNT:
Your confidentiality is fully guarantied. No one knows the name and rest of the personal data of the bank account, but the Bank itself. And in Cvprus, the details of a Cyprus Bank Account are not revealed to the Tax Authories, or any othe 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 EMPLOYESS SAFEGUARD THE BUSINESS SECRETS OF OUR CLIENTS VERY STRICTLY AND AT ANY COST!!!
THE CYPRUS BANKING SYSTEM :
The banking system in Cyprus is one of the most advanced and professional banking systems in the world. Cyprus Banks are stable, efficient, very professional and fast!They are connected to all the big financial institutions of Europe, Asia, the U.S.A and the rest of the world. They offer the most advanced services and all the Banking procucts that you may have in the most financially developed countries like the US, JAPAN, and the UK.
Cyprus has a very well developed and open economy. That reflects in the Cyprus Banking System and in the products offered to you by the Cyprus Banks. The movement of money in and out of the country is now fully liberated and free. You can take all your money be that in the millions, out of Cyprus with the push of a button and noone will ask you why. Try that in some other jurisdictions including some of the biggest economies in the EU!!
Cyprus Banking is regulated, controlled and overseen by the Central Bank of Cyprus, which is one of the best organised, Central Banks. For more information on this topic see Central Bank of Cyprus, in our website.
Cyprus Banks, will offer you the following products and services:
1. Personal account of any kind
2. Corporate account of any kind 3. Credit card for any limit you require
4. Debit card again for any limit you require 5. E-Banking, so that you can check and control your account from the comfort of your desk, fast and efficiently, without waiting, without any fuss or pressure.
6. Digipass/Token, for you to be able to transfer any sums of money from your account to that of any other person or company, without the intervention of the Bank, thus saving time, and snatching that deal that otherwise might be lost! 7. Any currency you might want, so that you can have it in Euro or USD or Yen, or Swiss Franc, or any of them or all of them, at no extra charge.
CYPRUS BANKS AND INTEREST RATES:
Cyprus is a member of the EU and also of the Euro zone. Therefore the micro and macro economics of the big European economies like Germany, France, and Italy etc...can influence the Cyprus economy and of course all the banking and finance. The global economic crisis has influenced Cyprus too, but fortunately not as dramatically as some other countries. Before the crisis access to money was much easier, and with lower interest rates. Nowa- days, securing a loan is possible if you have the necessary guarantees such as land to mortgage. The rates for loans vary greatly depending on the nature of the investment or project. For building projects with real potential the lending rate varies according to the size and repayment terms to between 4% and 6%. For trading purposes the rate could climb up to 9%. Generally speaking the lending rates currently vary between 4% to 9%. For deposit interest, you may get something between 2.5% and 4.25%, depending on the time of the deposit and other terms and of course on the size of it.
For trading purposes the rate could climb up to 9%. Generally speaking the lending rates currently vary between 4% to 9%. For deposit interest, you may get something between 2.5% and 4.25%, depending on the time of the deposit and other terms and of course on the size of it.
For deposit interest, you may get something between 2.5% and 4.25%, depending on the time of the deposit and other terms and of course on the size of it.
BANK SERVICES TO OUR CLIENTS:
Our company will assist you to open, maintain and operate any bank account in any Cyprus Bank. A Cyprus Bank account will allow you to transfer money, to carry out your cash operations, for conversion, collection for paying the bills, your imports, exports operations, and all other operations of your every day, business etc. It is the heart of your business!!
Some of the most important services our firm offers to its clients are:
1. Opening of your bank account. We oversee the whole process until the bank account is set up, and is operational, activated and functioning. We do not just introduce you to the Bank and let you do the work! 2. We can offer you a local person signatory ,trained and approved by our firm, to manage and operate your Cyprus BanK account.
3. Management of your Cyprus Bank account , is one of the services we offer for your convenience. 4. We can also, arrange your Forex trading .
5. We offer wealth management programs, with safety and efficiency. 6. We can arrange for you to obtain any financing your business needs.
7. Any other service. Just ask for it at the back office .
CYPRUS MERCHANT ACCOUNT:
Our firm will assist you set up your merchant account in Cyprus, for your E-Commerce business, for Financial products business or your Pharmacy Store. Please contact our back office for details, costs, commissions etc.
CYPRUS BANKS :
THE MOST POPULAR AND BIGGER CYPRUS BANKS ARE:
1. BANK OF CYPRUS
Bank of Cyprus Public Company Ltd ("the Bank") was founded in 1899 and is the holding company of the Bank of Cyprus Group ("the Group"). The Group offers a wide range of financial products and services, which include banking services, leasing, factoring, brokerage, fund management, investment banking, and general and life insurance services.
The Bank of Cyprus Group operates a total of 560 branches and employs 11.945 staff worldwide. The Group is the leading financial services organization in Cyprus, with a dynamic presence in Greece and Russia and operations in the United Kingdom, Australia, Romania, Ukraine and the Channel Islands. Bank of Cyprus also has eight representative offices in Russia, Romania, Ukraine, Canada and South Africa.
2. MARFIN-LAIKI BANK
Marfin Popular Bank’s presence spans 9 countries (the United Kingdom, Australia, Romania, Serbia, Estonia, Guernsey, Ukraine, Malta and Russia) in addition to the two home countries (Cyprus and Greece), with a total branch network of over 470 branches.
The global financial and economic crisis which started in 2008, continued to affect economic activity during 2009, with emerging markets in South East Europe being significantly impacted.
In this environment, the emphasis of Marfin Popular Bank’s international operations has been placed on the safeguarding of the quality of the subsidiaries’ lending portfolios, the rationalization and further integration of the subsidiaries and the enhancement of their policies and procedures, with the adoption of the Group’s standards. Particular emphasis, with continuous and ongoing support from Group Head Office, has been placed on the areas of Risk Management, Internal Audit, Credit Quality Control, Assets and Liability Management, Information Technology, Methods & Operations, Human Resources, and Recoveries.
Marfin Popular Bank remains committed to its strategy of becoming a leading financial group in the wider area of South East Europe. Through the enhancing of internal operations and controls, the Group’s subsidiaries are being shielded to cope with the continued turmoil and are strengthening their competitive positions in order to fully capture the business opportunities when the respective economies and market conditions
3. ALPHA BANK
Alpha Bank founded in 1879 and is one of the largest banks in Greece. With a network of more than
1,000 Branches, the Alpha Bank Group is active in the international banking market with a presence in Cyprus, Romania, Bulgaria, Serbia, Ukraine, Albania, Macedonia and Great Britain.
4. PIRAEUS BANK
Piraeus Bank Group is one of the most dynamic and active financial organizations in Greece today. Founded in 1916, Piraeus Bank went through a period of state-ownership and management (1975-1991) before it was privatized in December 1991. Since then, it has continuously grown in size and activities.
Piraeus Bank Group has a growing international presence, focused in Southeastern Europe and Eastern Mediterranean, but also in the financial centers of London and New York. In particular, the Group is present in the USA through Marathon Bank, based in New York with 13 branches, in London with a branch of Piraeus Bank, in Albania through Tirana Bank with 55 branches, in Romania through Piraeus Bank Romania with 187 branches, in Bulgaria with 101 branches of Piraeus Bank Bulgaria, in Serbia with 47 branches of Piraeus Bank Beograd, in Ukraine with 54 branches of Piraeus Bank ICB, in Cyprus with 15 branches of Piraeus Bank Cyprus and in Egypt with 48 branches of Piraeus Bank Egypt.
The Group's fundamental policy direction for human resources development is based on the efficient management of human resources, leading to the creation of skilful and dedicated personnel able to function within the framework of the competitive EU banking market. At the end of September 2010, the Group employed 13,414 people.
5. EUROBANK
Eurobank EFG, is a European organization with total assets of € 86,5 billion, employs over 22,500 people and offers products and services, both through a network of over 1,600 branches and outlets, and through alternative distribution channels.
The Eurobank EFG Group has significant presence in 10 countries: Greece, Bulgaria, Serbia, Romania, Turkey, Poland, Ukraine, United Kingdom, Luxembourg and Cyprus. He is a member of the group EFG Group , an international banking group with presence in 40 countries.
Our strategy as a European Agency Chrimatoikonomikos emerges from our historical journey, our strong financial position and the continued expansion of our innovative products, quality service and accountability to the wider geographical region of Central and Southeastern Europe.
6. NATIONAL BANK OF GREECE
National Bank of Greece, the oldest and largest among Greek banks, heads the strongest financial group in the country. It boasts a dynamic profile internationally, particularly in Southeastern Europe and the Eastern Mediterranean.
Founded in 1841 as a commercial bank, NBG enjoyed the right to issue banknotes until the establishment of the Bank of Greece in 1928. It has been listed on the Athens Stock Exchange since the latter's foundation in 1880. Since October 1999, the Bank has been listed on the New.
NBG is a financial institution legally operating subject to the Greek and the EU banking legislation, specifically the provisions, as currently applicable, of Law 2076/92 whereby the second banking directive 89/646/EEC was incorporated into Greek law.
The NBG Group provides a full range of financial products and services that meet the constantly changing needs of corporate customers and private individuals, including investment banking services, brokerage, insurance, asset management, leasing and factoring.
The Bank's branch and ATM network, the largest in Greece (574 domestic banking units and 1,511 ΑΤΜs), effectively covers the entire country. It is developing and expanding alternative distribution channels for its products, such as Mobile and Internet banking. Today, after recent acquisitions in SE Europe the Group's network overseas includes 1,178 units (data as at 30.09.2010.
7. CYPRUS EMPORIKI BANK
Emporiki Bank was established in 1907, has been listed on the ATHEX since 1909 and today is one of the largest commercial Greek banks. In June 2000, Emporiki Bank entered into a strategic alliance agreement with the Credit Agricole international banking group, which acquired initially 6.7% of the Emporiki’s share capital. Credit Agricole today holds around 91,00% of the Bank’s share capital.
Emporiki Bank is active in the domestic and foreign capital and money markets, offering a comprehensive range of traditional and modern banking services and products that meet the savings, financing and investment needs of its customers. Emporiki Bank operates 340 branches in Greece and is developing its activities in Cyprus, Romania, Bulgaria and Albania through subsidiary banks (April 2009: 99 subsidiaries´ branches in total) and in London and Frankfurt through branches.
The Group of Emporiki is one of the most dynamic Groups in the financial sector, and offers an extensive range of products and services, such as investment banking and leasing, factoring, insurance, bancassurance, asset management for institutional investors, mutual fund management, securities portfolio management, real estate development and management, and consumer credit. The Group employs a total of around 7,600 persons. Through its new shareholder, who is one of the largest financial institutions on the global scale, Emporiki has now access to significant know-how and to an international network covering approximately 70 countries.
8. USB BANK
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. We combine our management, investment and asset management businesses with our Swiss operations to deliver superior financial solutions and manage CHF 2.2 trillion in invested assets.
Headquartered in Zurich and Basel, Switzerland, UBS has offices in more than 50 countries, including all major financial centers, and employs approximately 65,000 people. Under Swiss company law, UBS is organized as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors. UBS AG is the parent company of the UBS Group (Group).
The operational structure of the Group comprises the Corporate Center and four business divisions: Wealth Management & Swiss Bank, Wealth Management Americas, Global Asset Management and the Investment Bank.
9. SOCIETE GENERALE CYPRUS
The Corporate & Investment Bank is at the heart of Société General’s universal banking business model, a financial institution relying on solid fundamentals to accompany its clients in their development and support the economy across sectors and industries.
Société Générale Corporate & Investment Bank is a leading player with 11,000 professionals in over 33 countries across Europe, the Americas and Asia-Pacific. SG CIB tailors solutions for issuers and investors by capitalizing on its worldwide expertise in investment banking, global finance, and global presence.
10. FBME BANK
FBME is committed to observing international best practices at all times and considers that good corporate governance is essential to our success and client interests. Through our Code of Conduct for Directors and Code of Ethics for management and staff in all our activities.
Client Focused
FBME takes pride in being able to provide bespoke solutions and services to both personal and corporate clients. Our solutions are client-driven and endeavor to focus on our clients’ business needs. At FBME we eliminate boundaries and transcend time zones to improve clients’ situations, while striving to provide superior customer service, communicating tailor-made financial solutions and professionalism. Our corporate culture is one that advocates integrity, quality of service and collaboration.
Clients benefit from our network of partnerships and correspondents, which operates over 900,000 ATM’s world-wide, providing account holders’ access to their funds world-wide.
11. BNP PARIBAS BANK
BNP Paribas is a European leader in global banking and financial services and one of the six strongest banks in the world (Rated AA by Standard & Poor's i.e. 3rd rating on a scale of 22). Present across Europe through all its business lines, the Group has four domestic retail banking markets in France, Italy, Belgium and Luxembourg. It has one of the largest international networks with operations in 84 countries and 202,500 employees, including 159,600 in Europe, 15,000 in North America and 11,100 in Asia. (30/09/2010) BNP Paribas has key positions in its three core businesses:
15.02.2011
06 MAY 2011
CYPRUS BANKS IN THE NICOSIA AREA :
ARAB BANK PLC NICOSIA
BANK OF CYPRUS LTD NICOSIA
COMMERCIAL BANK OF GREECE NICOSIA
CYPRUS DEVELOPMENT BANK NICOSIA
CYPRUS POPULAR BANK LTD NICOSIA
FBME NICOSIA
HELLENIC BANK NICOSIA
HOUSING FINANCE CORPORATION NICOSIA
LOMBARD NATWEST BANK LTD NICOSIA
NATIONAL BANK OF GREECE (CYPRUS) NICOSIA
SOCIETE GENERALE CYPRUS NICOSIA
UNITED OVERSEAS BANK CYPRUS NICOSIA
UNIVERSAL BANK NICOSIA
YIALOUSA SAVINGS BANK LTD NICOSIA CYPRUS BANKS IN THE FAMAGUSTA AREA
BANK OF CYPRUS LTD AYIA NAPA
BANK OF CYPRUS LTD PARALIMNI
COOPERATIVE CREDIT SOCIETY PARALIMNI
CYPRUS POPULAR BANK LTD AYIA NAPA
CYPRUS POPULAR BANK LTD PARALIMNI
HELLENIC BANK AYIA NAPA
HELLENIC BANK PARALIMNI
HOUSING FINANCE CORPERATION PARALIMNI
LOMBARD NATWEST BANK LTD PARALIMNI
LOMBARD NATWEST BANK LTD AYIA NAPA
NATIONAL BANK OF GREECE (CYPRUS) AYIA NAPA
NATIONAL BANK OF GREECE (CYPRUS) PARALIMNI
UNIVERSAL BANK PARALIMNI
UNIVERSAL BANK AYIANAPA
UNIVERSAL BANK PROTARAS CYPRUS BANKS IN THE LARNAKA AREA
ARAB BANK PLC LARNACA
BANK OF CYPRUS LTD LARNACA
COOPERATIVE CENTRAL BANK LTD LARNACA
CYPRUS POPULAR BANK LTD LARNACA
HELLENIC BANK LARNACA
LOMBARD NATWEST BANK LTD LARNACA
NATIONAL BANK OF GREECE (CYPRUS) LARNACA
SOCIETE GENERALE CYPRUS LARNACA
UNIVERSAL BANK LARNACA CYPRUS BANKS IN THE LIMASSOL AREA
ARAB BANK PLC LIMASSOL
BANK OF CYPRUS LTD LIMASSOL
BANQUE SBAIBU CYPRUS LIMASSOL
BNPPARIBAS CYPRUS LIMASSOL
COMMERCIAL BANK OF GREECE LIMASSOL
CYPRUS POPULAR BANK LTD LIMASSOL
FBME LIMASSOL
HELLENIC BANK LIMASSOL
HOUSING FINANCE CORPORATION LIMASSOL
LOMBARD NATWEST BANK LTD LIMASSOL
NATIONAL BANK OF GREECE (CYPRUS) LIMASSOL
SOCIETE GENERALE CYPRUS LIMASSOL
UNIVERSAL BANK LIMASSOL CYPRUS BANKS IN THE PAPHOS AREA
ARAB BANK PLC PAPHOS
BANK OF CYPRUS LTD PAPHOS
CYPRUS POPULAR BANK LTD PAPHOS
GREEK COOPERATIVE SAVINGS BANK PAPHOS
HELLENIC BANK PAPHOS
HOUSING FINANCE CORPORATION PAPHOS
SOCIETE GENERALE CYPRUS PAPHOS
UNIVERSAL BANK PAPHOS
