Daily we have a lot of requests from companies and businesses around the world to open business bank accounts in Cyprus with the major banking institutions there.
In fact it isn't hard to open a company bank account in Cyprus by using banks like Bank of Cyprus, USB Bank or some other Cyprus bank, nevertheless it will demand your attention in the assortment of the necessary papers!
We have created a detailed checklist Cyprus Bank Account requirements of the requirements and essential paperwork that will help you open a business bank account with the major banks in Cyprus as quickly as possible, most simply just copy the requirements to their offshore company incorporation service and request them all in one package making the entire process easy to achieve.
The greatest concern we generally observe whenever new clients that did not incorporated their company through CCLOGIC .COM for reasons yet unknown, is, the lack of knowledge of what's needed, and not to neglect that most not really have the necessary docs while they were certainly not supplied by the offshore incorporation agent they used for the company incorporation. Sometimes there are costs concerned to request the additional paperwork required from the particular current agent that we understand may appear as an big surprise for many, sometimes the nominee services given by the offshore company incorporation agent (if nominees are used) won't agree to supply the demanded docs like passport copy, utility bill as well as reference letter that will end the entire process.
When you consider to open a corporate Cyprus bank account it is very important that you clear all points with your existing offshore incorporation service before you apply for the account and prior to making the actual payment, it's very time intensive to collect every document 1 by 1 and also disappointing if your current agent neglects in any way to provide.
To make sure that you possibly can open a Cyprus bank account for your organization, we now have as pointed out layed out in details exactly what needs there are, you'll find it at link Cyprus Bank Account requirements
Unfortunately the reason for the lack of paperwork is the fee many pay for the incorporation, daily we have requests on our services and many say we are too expensive and they turn to the competition for the offshore company incorporation just to come back later for the bank account opening and then we are where all troubles start, in 99% of all cases the client has to go back and pay twice the amount that we had charged initially to get all documents required, they get frustrated and sometimes even just incorporate a new offshore company directly with CCLOGIC.COM this incurs additional costs which could have been avoided if they have come to us from the beginning. We are very disappointed to see this happens and many times we try hard to help requesting the correct documents before the final decision is made to simply start from scratch and incorporate a new offshore company.
To make the point, we would like you to succeed in the opening of a corporate Cyprus Bank Account, and therefore we took the action to publish this article in a helpful mind to help possible new clients to avoid all the stress and headache it may be to open a corporate Cyprus Bank Account when the necessary docs can not be provided. Make sure you explore the following link before you apply. Cyprus Bank Account requirements
Because we constantly make an effort to make improvements to our services and also information with regards to the Incorporation of a Cyprus Company or other Offshore Company for instant in the Seychelles, then we took this step to pin point some of the most important queries we get day after day from current and also new clients.
When one decide to incorporate a Company in Cyprus for regular trading you should know that there are absolutely no requirements in regards to visit Cyprus nor our office, everything is accomplished online.
At this point most people are in doubt of what they have to supply of information along with documents to be able to incorporate a Cyprus company, the answer is right below here:
- copy of passport
* utility bill not older than 3 months
More on this topic can be found here: http://www.cclogic.com/faq/cyprus-company.html
I am not a European union citizens may i incorporate a Cyprus company? That's yet again one great query which also is relevant, the answer is, Indeed, you are able to incorporate a company in Cyprus regardless where in the world you live, there isn't any limitations in any way.
Are you going to supply an address for my Cyprus company in Cyprus? Sure we will do that, and in comparison to our preditors which usually solely supply a P.O. Box address then we supply a authentic address where we are able to receive mail for your company and forward it to you. Many charge extra for this while we don't.
Is it necessary to visit the bank in Cyprus to open a bank account? This particular is among the numerous questions we receive by many with regards to the opening of a bank account in Cyprus, the answer is, NO, it is not required to travel to the bank nor Cyprus everything is handled online.
However, we have collected some of the many questions in our Cyprus Bank Account FAQ which can be found here : http://www.cclogic.com/faq/faq-cyprus-bank-account.html
What are the requirements to open a Bank Account in Cyprus? Another very common question, which we thought would be needful to give answers on right here:
1.Utility bill (phone or electricity bill) no older than 3 months.
2.A Copy of your current valid Passport (must not be expired)
3.Reference letter, which can be from a Lawyer, current Bank or certified accountants
4.Our Cyprus Bank Account application, which will be send to you once we receive your initial information through this form.
5.A CV from for the person which will be the account holder.
For Corporate / Business / Company bank accounts we will also need the following:
1.All corporate documents in English and Apostilled
2.Power of Attorney for the person that is opening the bank account
3.If the corporate documents are not in English, a official translated version needs to be provided.
5.A CV (& Business card if available) from the person that will be the account holder.
6.The banking application will need to be sent to our office in Cyprus by post mail or courier (Fedex, DHL etc.)
For companies which are older than 1 year we require a Certificate of Incumbency. For new companies we don't need that, however some banks will require a certificate of good standing for companies in certain jurisdictions.
Additional questions can be found on the FAQ link above relevant for Cyprus Bank Accounts.
The demand of forming a Forex Trading company in Cyprus is enormous and it is simply not possible for us to keep up with all the questions we get on our FAQ, we have published the most important information in regards to share capital, establishing fees and laws for a CIF license (Forex Trading license) on our website and as well in the FAQ which we update frequently.
The Forex Trading Company in Cyprus FAQ can be found here: http://www.cclogic.com/faq/forex-trading.html
Allow it to be mentioned already right now, it's not inexpensive to incorporate a Forex Trading company in Cyprus, you will find huge requirements in order to accomplish this plus it needs a lot of share capital which actually is paid up, nonetheless, we have assisted a lot of companies conducting Forex Trading, so we can help you if you feel we may be the proper business partner for you.
Ready-Made / Shelf Companies / dormant companies do you have such available in Cyprus? Some of the many questions we get from clients who require a company right now because they are in the process to enter into some sort of investment, we have always at least 10 companies available which can be acquired by a client and that is ready to trade, we have even aged Companies available at present time from 2006/2007/2008/2009 please ask for a list. Also here applies, everyone can acquire a Cyprus dormant company online and regardless where they live.
Learn more about our Ready-Made Cyprus companies here http://www.cclogic.com/faq/ready-made-company.html