Opening an Account in a Cyprus Bank

How to open a bank account in Cyprus? Where to begin?

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To open an account in a Cyprus bank, individuals must submit the following documents:

  • Completed application form
  • Copy of the passport
  • Confirmation of the address (utility bill or a copy of the stamp from the national passport)
  • Income tax form
  • A reference letter from any bank in which you have an account
  • Brief resume or free-style autobiography.
  • Source of income (for example, it may be: salary, rental income, sale of movable/immovable assets, inheritance, etc.)
  • Source of funds received. This does not necessarily have to intersect with the previous item.

Legal entities must provide the following documents to open an account in a bank in Cyprus:

  • Completed application form;
  • Statutory and registration documents of the company (originals);
  • Civil and foreign passports of directors and shareholders of the company with a residence permit (originals);
  • A letter from any bank confirming the existence of a bank account (original);

The procedure for registering a company in Cyprus ends here. The owner receives a package of corporate documents and can use the company for its intended purpose.