VK Global Business Solutions & Consulting Ltd
Opening a bank account in Cyprus
How we can assist you
Before opening a corporate account, all reputable banks need to properly identify the Beneficial Owner(s), User(s) and Signatory(ies) of the account(s) and the below documents must be submitted together with the bank forms:
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Certified true copy or apostille of the signature and photograph page or pages that are clear and obvious, of the current passport of the Beneficial Owner/s, director and bank signatory if different
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Certified true copy of a recent utility bill, or identity card showing the Beneficial Owner/s address, director and signatory if different
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Bank reference letter of the Beneficial Owner/s, director and signatory, if different.
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CV
In case the shareholders are legal entities then additionally to the above, the companies’ statutory documents have to be submitted based on the requirements of the different jurisdictions. The following corporate documents should be certified true copy or apostilled:+
Banking Services
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Opening of bank accounts in Cyprus and other jurisdictions
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Bank signatory services
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Escrow accounts services
Bank Account Opening
Our firm acting as introducer has the ability to assist individuals and legal entities with the bank account opening in any bank in Cyprus and abroad. All international bank transactions can be performed without any exchange rate restrictions.
Cyprus as a financial center provides professional services and an advanced banking system where local banks and banking institutions have a global presence and operate with the primary purpose of serving companies and international entrepreneurs.
The local banking system and banking institutions after the economic crisis of 2013 are now fully re-capitalised operating under the supervision of the Central Bank of Cyprus and the European Central Bank.
We can assist an individual or a legal entity with the bank account opening without the need of travelling to Cyprus. Our firm works closely with the major banks in Cyprus acting as a qualified introducer.
Documentation needed for a non-Cyprus resident to open a bank account:
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Passport
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Proof of a permanent address (recent utility bill).
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Curriculum Vitae
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A completed questionnaire of VK GLOBAL GROUP Business Consultants.
Documentation needed for a Cyprus registered company to open a bank account
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Companies Registrar Corporate Certificates (shareholders overview, registered office, director’s certificate,
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Memorandum and Articles of Association
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Trust between the final beneficiary and the registered shareholder (where applicable)
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The final beneficiary identification documents (passport or ID and proof of address of permanent residence)
OPTIONS for bank account opening
We, as business consultants co-operate with the banks offering better service and
And lower charges, and we recommend for you the following banks
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#1: BANK OF CYPRUS PUBLIC COMPANY LTD.
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#2: Hellenic Bank Public Company Ltd.
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#3: Eurobank Cyprus Ltd.
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#4: RCB Bank Ltd.
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#5: Astrobank Limited.
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#6: Alpha Bank Cyprus Limited.
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#7: Societe Generale Bank - Cyprus Ltd.
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#8 Ancoria Bank Ltd
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** If the bank ask further details and clarification client has to cooperate and send all documents and details required.
Due to all these procedures required as consultation assistance fee is charged in small to medium
Companies Euros 1500.00 + vat, for completing opening the company’s accounts
We are always at your disposal for any clarifications.
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Regards,
Roulla Kouvarou
Director / Senior Partner
BA Hons (Accounting & Finance), CPA
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