Cyprus Bank Account Opening, either for an individual or a legal person (Cyprus Company), is easily achievable and cheap. Cyprus Banking can offer all the facilities required by businessmen or individuals.
In other jurisdictions the opening of a bank account could be time consuming and complicated something that is not applicable for Cyprus. In Cyprus opening a fully functional, activated and operational account, taking in mind that the requested documents and information were submitted properly to the bank, it will take less than 3 or 4 working days.
Who can open a Cyprus bank account?
Any physical person over the age of 18 years and any legal person (Cyprus Company or corporation) can open a bank account.
Is your physical presence necessary?
Physical presence is not necessary when the client is introduced by an approved introducer (in this case PKF Cyprus can act as an introducer for the opening of bank account). This is important as it save precious time, unnecessary expenses, inconvenience and travelling in Cyprus.
Formalities needed to open a Cyprus bank account
If you are an individual and you wish to open a bank account, the following should be submitted directly to a Cyprus bank or a professional intermediary:
To download the full list of the requirements for Cyprus bank account opening please click here
For companies and partnerships in order to proceed with the opening of a Cyprus bank account the following, should be submitted to directly to the bank or a professional intermediary:
Cyprus bank account opening important considerations that are taken into account by most Cyprus banks (for companies or partnerships)
Cyprus banks before proceeding with the opening of a company’s Cyprus bank account will also consider that the Cyprus company:
Other factors that are taken into consideration by Cyprus banks before opening of bank account in Cyprus is whether the company is established:
The PKF Network comprises vast number of member firms and correspondents in more than 150 countries and provides unparalleled access to financial institutions world-wide.
Contact Us on [email protected] to discuss your Cyprus bank account opening requirements.
The authors expressly disclaim all and any liability and responsibility to any person, entity or corporation who acts or fails to act as a consequence of any reliance upon the whole or any part of the contents of this publication.
Accordingly no person, entity or corporation should act or rely upon any matter or information as contained or implied within this publication without first obtaining advice from an appropriately qualified professional person or firm of advisors, and ensuring that such advice specifically relates to their particular circumstances.
PKF Cyprus firms are member firms of the PKF International Limited network of legally independent firms and do not accept any responsibility or liability for the actions or inactions on the part of any other individual member firm or firms.