Cyprus Bank Account for 2021

Updated 09 June 2021


If you are looking for a fast, simple and no fuss bank account read on. Our Firm  has been offering banking services since 1979 with great success. More than 99% success. No need to visit, minimum documentation, full internet banking, credit card, multicurrency, no minimum deposit, no restrictions and so on.


Cyprus Banks are the ideal Banks for opening a fast and fuss free business or personal Bank account for your day to day needs or for your Business. We can open an International Bank Account for you in many other countries too.


A Cyprus Business Bank Account offers you all the tools and facilities to operate your business without problems, delays or frustration. See below all the great advantages of a Cyprus Business Account. We can open it fast and no fuss for you in just 10-12 days. Minimum documentation. Reasonable legal fees, low operating costs. Open your Business Bank Account today. Call us or email for full info and a quote of the costs. A Cyprus Business Bank Account will cost you less than in other jurisdictions!


Documents Required for Opening a Bank Account in Cyprus in 2021

  1. Copy of your passport
  2. Proof of your address. Utility bills are acceptable
  3. A bank statement of any bank account you may have
  4. A prediction of your income

Of course for a business bank account the Bank may require some more verifications such as providers, or any contracts signed etc.



Opening A Bank Account in Cyprus for 2021:



  • A Cyprus Business Bank Account can be opened in your absence. Everything is done online and by courier.
  • Full internet banking 24/7 allowing transfers without limitation. No extra cost. Debit card acceptable worldwide.
  • Cyprus bank account opening is fast and fuss free. Minimum requirement of documents. Our in house lawyers will certify your documents and signatures.
  • Open a Cyprus bank account without minimum deposit terms! No monthly minimum balance either! Zero tax on any interest earned!



  • A Cyprus offshore bank account can be opened with minimum formalities in about 10-12 days. Multi currency accounts at no extra cost.
  • We can open corporate and personal bank accounts for companies of other jurisdictions or nationality in Cyprus and other countries.
  • We offer very reasonable fees for account opening. NO HIDDEN COSTS.
  • Full anonymity of all your banking operations. Full confidentiality of your documents and business secrets.


Frequently Asked Questions

A corporate or personal bank account in Cyprus offers great facilities such as visa card valid worldwide, internet banking allowing transfers, digipass for security, anonymity, no minimum deposit terms, low bank fees for transfers and other services, no tax on the interests earned. you may also get multicurrency accounts at no extra cost. A Cyprus Bank of course offers all the other Banking facilities and services you may need such as financing, escrow accounts, credit notes, deposit accounts etc.
No, on the contrary the formalities for opening a Cyprus bank account compared to any other EU country are much more simple and quicker. A know your client procedure is carried out by the Bank and the Bank agreements are filled and signed. You can have your bank account in about 10-12 days. Our in house lawyers will also assist you by certifying some documents and verifying your signatures. Our Firm has a 98% success rate.
Most certainly yes. You can get one which is valid all over the world. It can be used to pay all your purchases, hotels, travelling costs and withdraw cash in any country. No extra costs are paid for the issuing of a card apart from its actual value. For a credit card a sum of money will be blocked in the bank account to cover to limit agreed with the Bank.
In some banks you need in some you don`t. If it is impossible for you to get a Bank Reference letter other arrangement can be made. We provide you with a simple reference letter draft which from our experience no Bank refuses to issue. A bank statement of your account can be acceptable in some times making things a little easier.
No the costs for opening a Cyprus bank account are in fact much lower than for opening a bank account in other jurisdictions. Our Firm offers always client friendly fees for handling the whole procedure, plus assistance from our Lawyers with document and signature verification. Regarding the Bank charges we assure you, they are very reasonable and favorably comparable to any other EU state.
Any person of legal age who is not a Bankrupt and has no criminal convictions, can open a bank account in Cyprus. His nationality is not important unless there are any restrictions against his country imposed, by the UN, the US, the EU and any other official bodies. Any legal entity can also open a bank account such as a company incorporated in any country, a trust, a foundation, an LP etc.

Client Testimonials

The reason I am using E R Team Global Consultants for 4 years now, for all my offshore business is that they are professionals; they offer great services at very reasonable fees and always on a personal context. I am very happy with them. I fully recommend them. Oh and they are very fast. Time is money!

Peter Johansen,

E R Team Global Consultants were recommended to me by the CEO of a large company which trades in electronic goods in the EU, who is a friend of mine about three years ago. They have been handling all my legal and corporate matters since. They are quick and professional and also offer great fees for all their services.

Abraham Goldstein,


Bank Account Opening in 2021


Our Firm is well networked with many banks to open your corporate or personal bank account in a few days. We have a 99% rate of success. Forget the unnerving wait, the waste of time and money. We open a Cyprus Bank Account or an international one for you in a matter of days. WE CAN OPEN YOUR BANK ACCOUNT IN YOUR ABSENCE!

 For more detailed information on how to open a bank account follow this link:  How to Open a Bank Account in Cyprus?  Cyprus bank accounts offer your business flexibility, speed, professional tools for fast trading and of course the means to success. The procedures for opening a Cyprus bank account are simple and fast. Many Cyprus Banks offer corporate and personal bank accounts with the minimum fuss and with all the facilities and tools needed for a professional.



Facilities of Your Business Bank Account


A Business Bank Account in Cyprus offers great advantages and benefits, to 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. In a few days we can have the account number, IBAN and SWIFT numbers for you.
  2. Your presence in not necessary. 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-currency accounts 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 in 2021


A Cyprus bank account is easy to open and operate. We offer you an option of bank account in various countries. 

Legal fees are not high and there are no bank fees for opening a bank account in Cyprus. Cyprus banking can offer you the benefit of all the professional facilities that you may require.  Follow this link if you need information on how to Open a Cyprus Bank Account Online


All you need for opening an account are a few and easy steps:

  1. A copy of your passport’s picture page. Some banks want it to be Notarized some don`t. So we will tell you when you choose your bank in Cyprus.
  2. A utility bill in English or translated in English for water or electricity, or telephone or gas. If that is not possible sometimes a bank statement of your home bank account is enough.
  3. Answer the Due Diligence we send you, for supplying your contact details and to tell us what facilities you need for your account.
  4. If the account is for a company we are to set up for you, then nothing else is required of you as we will already have the company documents.
  5. If the account is for a company of some other jurisdiction, then we shall need the company certificates, such as the certificate of incorporation, the memorandum, share certificate etc.
  6. In some cases the Bank may inquire as to some matters pertaining to the know your client procedure which done by all the banks in the world.
  7. Sign the bank agreements and courier them to the bank.
  8. Deposit an initial sum of money in your account for the bank fees to be paid for.
  9. The bank account materials such as the visa, codes  are couriered to you.
  10. Sign and return to the bank the letter of receipt of these materials.
  11. Activate your internet banking.


Get in touch wit us for an easy bank account in Cyprus. We make it simple, fast and fuss free for you. For more info on an easy bank account in Cyprus follow this link: Easy Bank Account in Cyprus.



Cyprus Personal Bank Account


Any natural/physical person over the age of 18 years and also any corporation or company or other organization can open a Cyprus bank account. In the case of a natural person he can be the only signatory of the account if he likes i.e. the person controlling the account, or he can act through an appointed signatory who can be appointed by our firm to be his representative. This way his confidentiality is protected even more. Of course the nominee signatory will act only on the written instructions of the real owner of the account. The real owner of the bank account can verify the account transactions through his internet banking facility!



Cyprus Corporate Bank Account


By corporate bank account we mean a bank account for your company. We can open a bank account in Cyprus for a company from almost any jurisdiction fast, fuss free and always for very reasonable fees. A Cyprus Corporate Bank Account will offer you and your company fast banking services of high quality and low banking charges. Our firm can open a Corporate Bank Account for you in a few days. The formalities for opening a corporate bank account are not complicated and in any case our firm will do everything for you. Your presence is not necessary. We can do everything by email, fax and courier!


The documents required for a Cyprus corporate bank account are apart from the above needed for a personal bank account, the incorporation certificates of the company such as the certificate of incorporation, the share certificate, the memorandum, the resolution appointing the first directors etc. Some banks need these documents to be appostilled and some don`t. We can tell you which don`t want the documents to be appostilled thus saving you a lot of money.


If there are more than one person in the company as directors or shareholders the banks will ask for a legal due diligence for these persons and they will need to provide the same documents as for opening a personal bank account above. In the case of a corporation, the director, or the secretary of the company , or the shareholder , are all eligible for being the signatories of the corporate bank account, either one of them, or two or all three of them. Of course the company can also use the services of an appointed nominee signatory provided by our firm. 


All Cyprus Banks are fully professional and client friendly. Your physical presence is almost never required. You understand how important that is to you.



Closing Your Account


Closing a Cyprus bank account is easy and simple. Simply pay any pending bank charges, swift all the money in your account away and email your bank to close down the account. They will do that without any questions…




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