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Open a Bank Account in Cyprus

Updated:2018-11-6 11:22:02    Source:www.tannet-group.comViews:393

Open a bank account in Cyprus is fairly hassle-free. As an island country in the Eastern Mediterranean, Cyprus is an excellent investment destination. Most Banks in Cyprus are offering banking services of high quality and equally efficient to those of any international banks. The procedures for opening a Cyprus bank account are simple and fast. Therefore, opening a bank account in Cyprus is sought after by international entrepreneurs who know their benefits and advantages. 

Advantages of a Bank Account in Cyprus
A bank account in Cyprus offers great advantages and benefits to the account holder, the private individual, the international entrepreneur or the professional for his offshore operations. The following are some but not the only ones of the advantages of the Cyprus bank accounts:

1. Fast, fuss free opening.
2. A Cyprus bank account can be opened in your absence.
3. No terms for minimum initial deposit or minimum monthly balance.
4. Debit or Credit cards valid all over the world.
5. An online Cyprus bank account offers i-banking, allowing swift transfers without any limitation.
6. Multi-currencyaccounts for any currencies, at no extra cost.
7. Low bank charges on transfers and on other bank services.
8. No restrictions at all on the movement of money in or out of Cyprus.
9. Full confidentiality.

How to Open a Bank Account in Cyprus
Generally, a Cyprus bank account is easy to open and operate. It does not cost too much either in legal fees or bank charges. The exact documents you’ll need to open up a bank account depend on the bank in question, but basically you need to provide the following:

1. Copy of valid passport;
2. Proof of address (e.g.utility bill not older than 3 months);
3. CV for each owner and director;
4. Business description;
5. All incorporation documents with apostille and notarized if it’s an corporate account.

Open a bank account in Cyprus and you will enjoy the privileged banking environment of low banking fees and charges. Get in touch wit Tannet for an easy bank account in Cyprus. We make it simple, fast and fuss free for you.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512, or emailing to You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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