Open bank account in Cyprus: What you need?


Personal bank account in Cyprus

For an individual is quite simple and easy to set up a personal bank account in Cyprus.

–  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;


Corporate bank account in Cyprus

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

  • the Articles of Association of the company;
  •  the Certificate of Incorporation;
  •  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;
  • the Share Certificate;
  • a proof of the registered office issued by the Group Principal Trading Offices;
  • an application form released by the bank.

In order to set up a Cypriot bank account for a partnership the following documents must be submitted:

  • the partnership agreement;
  •  the Certificate of Incorporation;
  • proof of the registered office;
  •  a certificate of the partners;
  • a certificate of good standing for foreign partnerships if they have been registered for over 2 years;
  •  an application form issued by the bank.

Corporate bank accounts can also be opened by representation through power of attorney.

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