BANK ACCOUNT OPENING
Any Cypriot, foreign person can set up a bank account in Cyprus. Since Cyprus is a member state of the European Union you can benefit from the strong and well-regulated EU banking sector that prioritizes consumer protection and financial stability. For the opening of the bank account, sometime the procedures is simple but on the other hand sometimes the procedure is enough complicate and time consuming.
Banks services in Cyprus varies according to each bank. Most of the bank are offering bank accounts in another currency and various types of financial products. In addition, almost all of the banks offer online services. Additionally, Cyprus’s favorable tax system, advanced banking infrastructure, and access to international markets make it an attractive destination for those seeking secure and efficient banking solutions.
Most bank offer services to individuals but if you need to open a bank account without physical appointment (remotely) a legal representative is needed.
During the last years, most of the Cyprus banks will request physical presence in Cyprus of the Individual.
We offer the following services:
Opening a bank account in Cyprus
Advice on required document and requested information
Appointed us as representative and communicate with banks
Assist with completion of the application form