Opening a Bank Account in Cyprus

Approximate 2 weeks.

Individuals:

For an individual is quite simple and easy to set up a personal bank account in Cyprus. The documents one must submit for opening the bank account are:

• copy of a valid passport, identity card (some banks will require notarized copies of identification documents);
• an utility bill stating the residence address of the applicant (the bill cannot be older than 6 months)
• an application form issued by the bank;

Foreign citizens interested in opening bank accounts in Cyprus in 2023 will need their valid passports as identification papers.  

Companies:

In order for a company to open a bank account in Cyprus the following documents must be submitted:

• the Articles of Association, the Certificate of Incorporation and the Share Certificate of the company;
• a certificate of good standing for foreign companies if they have been opened for over 2 years;
• the Certificates of Directors and Secretary, the Certificate of the Registered Office;
• a proof of the registered office issued by the Group Principal Trading Offices;
• an application form released by the bank (each bank has its own model of application).