Bank Account Opening In Cyprus

Michalaki Pitsillidou Rozen Law Firm > Bank Account Opening In Cyprus

Bank Account Opening



If you are interested in opening a bank account in:

  • A EU country with only 10% corporate tax.
  • One of the most stable banking systems in Europe.
  • A bank with full English 24/7 support.\

Our expertise includes opening bank accounts remotely in Cyprus for 3 types of companies plus natural persons:

  1. EU companies, where shareholders are EU nationals.
  2. EU companies, where shareholders are non-EU.
  3. Offshore companies.

In order to open bank accounts for foreign companies, the bank requires a number of documents which vary depending on the specific company, its scope of business and the local legislation of the country where the company is founded and located, but the basics are:

  1. Memorandum and Articles of Association.
  2. Certificate of Incorporation.
  3. Certificate of Incumbency/Good standing – official document issued by the registrar which shows the current legal state of the company, as well as the current directors, registered address, shareholders, etc.
  4. Power of attorney.

In order to open bank accounts for foreign individuals we need only ID card and power of attorney.

Due to our partnership with the most of the Cypriot banks, we use the pre-approval procedures which allows the bank to revise the documents of the company in English upon a scanned copy. After the approval of the bank we proceed with the translation and legalisation.

Countries we open Bank accounts:

  • Hong Kong
  • United Kingdom
  • Seychelles
  • Belize
  • Cyprus
  • Russia
  • Slovakia
  • Marshal Islands
  • New Zealand
  • Singapore
  • Greece
  • Malta
  • U.S.A
  • U.E.A
  • Malaysia
  • Mauritius
  • Vanuatu
  • Latvia

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