Bank Account Opening

Banking services

The banking services offered include, but are not limited to:

  • Internet banking with the added security of a digital code generator (token device)
  • Debit and credit cards
  • Current accounts, deposit accounts, notice accounts and so on.
  • Multiple currency accounts
  • Loan and overdraft facilities
  • Private banking services
  • International factoring
  • Escrow account services
  • Direct debits and standing orders

 
Which bank

We can help you to open bank accounts in Cyprus, as well as other countries. Especially in  Cyprus we work with all major banks. Nevertheless, should you wish to open a bank account in another country, we can offer you a number of alternative banks from the EU, UAE, Hong Kong, St. Vincent and Grenadines, Belize and the Mauritious. 

Our list of banks includes the banks with whom we already co-operate. Opening bank accounts with any of these banks is a straight forward and fast process. However, as a licensed corporate service provider, we can help you open an account with any bank located anywhere in the world provided that you can satisfy their minimum requirements and conditions.


Applying for a bank account

Once you have decided with which bank you wish to open an account, we will complete the relevant Account Opening Application Forms and forward them to the bank.

Please note that in order to complete the Account Opening Application Forms you will need to provide us with the information required, which is standard for most banks. In the case of a personal bank account, this information mainly consists of your personal details and Know-Your-Client documents, such as a copy of your passport and a utility bill. For corporate bank accounts we will also need some information regarding your company and a copy of its corporate documents.


Application processing

The bank will review the Account Opening Application Forms and, if they are satisfied and approve the account, they will prepare and send us by email the Bank Account Opening Documents that you will need to sign and send them back to us by post or courier.


Bank account opening

Once the bank receives and reviews the Account Opening Documents, together with the relevant supporting documents, they will proceed with opening the bank account and send you the details of your bank account. Once the bank account is funded with sufficient funds the bank will issue the online banking access credentials, the token devices and the bank cards requested.

Please note that this section is intended to provide you with some general information regarding opening bank accounts using our services and it should not be considered as banking or financial advice. The actual account opening process, the information and the documents required may vary from bank to bank. Each bank has its own conditions and minimum requirements to open bank accounts. Applications to open bank accounts not meeting these conditions and requirements might be declined.