Opening a bank account is the straight forward procedure for local residents and companies. The Cypriot banking system provides various bank accounts including personal, corporate, savings, offshore and merchant accounts to residents and non-residents. The most common ones are personal and corporate ones.
Benefits of a Cypriot bank account:
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:
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:
No, IBCCS TAX can be appointed to create the account.
Foreign currency availability:
Yes, it is possible to open a bank account with another currency.
IBCCS TAX can assist you with the setting up of accounts, either for professional or personal use.
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Since 2014 we’ve continually explored new ways of finding viable solutions. Our vision is to keep doing business that inspires us to create more. Our mission is to create a better everyday operating life for the businesses and to offer a wide range of tailor-made solutions.
We assist our clients in relocation and at all stages of their entrepreneurship adventure: from structuring the business in a tax-efficient manner, through the daily administration and operations of the companies.
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