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Open a Bank Account in Cyprus
$1,350.00
Cyprus is the gateway to EU banking for International Businesses incorporated outside the EU.
Corporate and personal accounts are available, including banking services such as debit and credit cards, a broad range of currencies available, online and mobile banking, trade finance, credit notes, among others.
Cyprus is part of the Single Euro Payments Area and provides International Bank Account Numbers (IBAN), meaning that businesses and individuals banking in Cyprus may enjoy low transaction fees on transactions within the European Union.
In Cyprus there are no withholding taxes on interests paid to non-residents and there are no minimum account deposits.
All in all, Cyprus is an ideal option for EU and offshore companies that wish to access EU banking services and do business within the EU. For wealth management structures, Cyprus banks are also familiar with foundations and trusts incorporated in offshore jurisdictions.
We can help you open bank accounts in Cyprus.
Accounts are available for individuals.
We work with 6 different banks in Cyprus.
Each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services below to better understand if their banking services meet your needs:
- Alpha Bank (Corporate, Personal)
- Astro Bank (Corporate, Personal)
- Bank of Cyprus (Corporate, Personal)
- Cyprus Development Bank (Corporate)
- Hellenic Bank (Corporate, Personal)
- RCB Bank (Corporate, Personal)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.
Alpha Bank
Account Details
| Eligibility | |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | No |
| Off-shore non-resident | No |
| Other Services | Debit/Credit Card, Transactional Banking |
Account Details
| Client Profile | |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | No |
| Off-shore non-resident | No |
| Other Services |
Astro Bank
Account Details
| Eligibility | Onshore Companies, Local Companies |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Debit/Credit Card, Transactional Banking |
Account Details
| Client Profile | |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services |
Bank of Cyprus
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Transactional Banking, Debit/Credit Card |
Supports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
Account Details
| Client Profile | Day-to-day banking |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Checking Account, Term Deposit/Savings Account, Debit/Credit Card |
Cyprus Development Bank
Account Details
| Eligibility | |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Transactional Banking, Debit/Credit Card |
Hellenic Bank
Account Details
| Eligibility | |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Transactional Banking, Debit/Credit Card |
There is no minimum deposit, however, sufficient funds must be transferred into the account soon after opening, in order to cover the relative maintenance fees and/or relative transactions/products requested.
Account Details
| Client Profile | |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services |
RCB Bank
Account Details
| Eligibility | Onshore Companies, Local Companies |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | No |
| Off-shore non-resident | No |
| Other Services | Transactional Banking, Debit/Credit Card |
Account Details
| Client Profile | Day-to-day banking |
| Min Deposit | N/A |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | No |
| Off-shore non-resident | No |
| Other Services | Checking Account |