WE HAVE 99% SUCCESS RATE ON BANK ACCOUNT OPENINGS IN CYPRUS AND EU (EMIs)

1. We carry out an initial due diligence process before submitting the request to the bank

2. Once we conclude our due diligence process we communicate with the bank to obtain pre-approval within 2 business days

3. All account openings can be done remotely – the Beneficial Owner (UBO) is not required physically in Cyprus

4. The UBO’s passport is usually NOT required in apostille

5. The account can be up and running as soon as the opening forms and verifications are finalised

6. Total timeframe for account opening is 2 weeks from start of the application

7. All significant currencies can be provided

8. VISA/MASTERCARD is issued on the name of the client

Bank charges differ within banks and can be adjusted for volumes

WE OBTAIN PRE-APPROVAL WITHIN 2 BUSINESS DAYS

KYC and Due Diligence requirements of the bank:

Apostille or Notarised passport
Notarised utility bill in English
Source and value of wealth (example below)
- Personal latest Tax Return
- Copy of personal bank statement
- Dividend certificates
- Company Financial Statements
Group structure if account opening relates to a group
Incoming and outgoing payments counterparty names and Countries

*The above list is not exhaustive. Cyprus Banks and EU EMIs follow strict guidelines of the European Central Bank. Source and value of wealth of the Beneficial owner is a decisive factor for opening or not a bank account.

We Have An All-Rounded Team Ready To Help

FAQs

Do I need to visit the Bank for account opening?

No everything is done remotely.

Do I need to sign anything in original ?

No everything is signed electronically including online verifications

Can I open a personal bank account as well ?

Of course, no additional procedures are needed. A personal bank account can be opened simultaneously as the Company account.

Still have questions?

Call us at +357 24663570

Contact us

Where to find us:

HQ Larnaca: 81 Georgiou Griva Digeni Avenue, 6043, Marinos Court, Office No. 301

Limassol: 89 Georgiou Griva Digeni Avenue, 3101, Nicolaou & Zavos Center, Office No. 205

P.O. BOX 42656 P.C. 6043

Cyprus

Larnaca – Cyprus

Tel: +357 24663570

E-mail: admin@cyprusconsultancy.com

The information on our website is not designed to offer professional advice and is not exhaustive but rather designed to give an idea of what our Company offers. Should you be interested to find out more about who we are and what we do kindly reach out to our highly skilled team members for a preliminary assessment of your needs and an introductory consultation.