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Cyprus Bank Account, how to open the bank account?

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guest

Cyprus Company Formation
Entrepreneur
Cyprus banks are completely licensed and serve Cypriot private customers as well as enterprises with all the required banking services. The banks are now open to all clients, both local and international, to access extremely flexible services.
 
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Alexandra

Offshore Agent
Information on Cyprus Bank Accounts


You can find the information on how to open the account in Cyprus oldest international bank that has a strong focus on cross border trade and direct foreign investment on Q WEALTH REPORT website


This bank has a network of more then 700 correspondent banks.
 

mneilson

Corporate Services
Business Angel
Some where in your above post there is a line " No minimum deposit is required to start the accounts and credit card facilities are offered after some duration of time to initial customers". But I have read in many websites about the account opening standing fee. in Cyprus that ranges from EUR 350($450) to EUR 750($1050). Pl. clarify it.
 

Safa

Corporate Services
I confirm also no Minimum depsosit with Laiki Marfin bank.
 

Admin

Forum Moderator
Staff member
Elite Member
There is a small debosit you have to make ( rnages between EUR 20 and EUR 50) for some banks in order to activate the account, but it is nothing compareable with the many other offshore banks which require you to deposit $5000 to $50000 - I mean, hey if you don't have the €20 to 50 to deposit why will you need a bank account at all ?


The fees mentioned in one of the above posts is the professional fee in order to be introduced and handle the paperwork for each new clients, Cyprus banks requires a introducer.
 

drillbill

Offshore Agent
Entrepreneur
We hold an account with USB bank, they are slow in the approval process but very reliable to bank with... no minimum deposit at all.
 

Admin

Forum Moderator
Staff member
Elite Member
You are taxes excatly the same as with any other bank account, you will need to have a company somewhere in order to make any tax speculations.
 

system32

Corporate Services
Business Angel
Bibika said:
How are the taxes calculated when you have an account in a Cyprus bank. Please send me the link with instructions.
There is no withholding tax if the account is opened with non resident account holder which is the case in 99,9% !
 

Admin

Forum Moderator
Staff member
Elite Member
system32 said:
There is no withholding tax if the account is opened with non resident account holder which is the case in 99,9% !
Thats correct.
 

Rahul shetty

Active Member
Actually I'm still trying to figure it out why you have created this thread I mean I'm not getting the point of this thread
 
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