Offshore Bank Accounts
Turner Little - Company Formation Agents
DLS Dubai - Company Formation & Bank Account
Utopia - P2P ecosystem and payments

Who can open a Cyprus Bank Account?

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

guest

Cyprus Company Formation
Entrepreneur
Cyprus, being one of the developed and well established offshore jurisdictions provides the best banking services that is very conducive for offshore investment. Foreign investor while choosing a jurisdiction that is favorable for their offshore investment, often embarks on a jurisdiction with well established banking and financial services.
 
Last edited by a moderator:

mneilson

Corporate Services
Business Angel
You have mentioned about only three documents (besides standing fee), which are needed to open a bank account in Cyprus. Is there any need of any permanent resident of Cyprus to open a bank account there? I have read some where about its necessity. Pl. clears my doubt?
 

Admin

Forum Moderator
Staff member
Even if this is a very old post, I feel it requires some clarification, you do not need to be a resident of Cyprus in order to open a bank account there, you will also not need to visit the bank nor to have a company in Cyprus!


Actually yhe only thing you need is a introducer who can introduce you to the bank where you will want to open your bank account.


Finally you can open a personal bank account and as well a corporate bank account in Cyprus, everything handled by e-mail, skype, securd chat system (or simply just online) !
 

Safa

Corporate Services
Thank you for theu pdate Admin, now, I wonder if the banks in Cyprus will require any license to be allowed to receive 3rd party funds from payment processors or forex brokers ?
 

Admin

Forum Moderator
Staff member
If you are dealing with 3rd party funds / Investments, financial transactions you are not allowed to do so without a license.


If you are trading forex on behalf of your own company the bank will allow this, if you breach the rules you may expect to see your bank account terminated, they have some mechanism in place to detect such behaviour.
 

Safa

Corporate Services
Means it is not impossible to open a bank account with a bank in Cyprus for Forex Trading business without a license? How comes that so many forex brokers are doing business, did they all paid the $1 million to stay compliant?
 

drillbill

Offshore Agent
Entrepreneur
Many of the so called forex brockers you find on the net are not licensed they operate illigal operations just for the money you will see them disappear and pop up under new company and website faster than you have send your money to them....
 

ebaywins09

Offshore Agent
I have a few buddys who sucessfully got some processing for unlicensed forex, many use perfect money or liberty reserve which can also be used as alternative bank account´.
 

megamath

Corporate Services
Business Angel
Cyprus is attracting more and more businesses and is today the no.1 low tax jurisdiction in the European union, I feel a shame to see that so many unlicensed forex brockers using Cyprus for funny business, I personally hold an account with BoA which works perfectly for me and my business.
 
DLS Dubai Company Formation and banking solution
Offshore Bank Accounts
banner-768x909d6f12840c2c058f.gif
Utopia - P2P ecosystem and payments
Top