Cyprus Bank Account – May 2022

Updated 17 May 2022


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 for a Bank Account in Cyprus in 2022

The basic document you need are a copy of your passport, a utility bill or other proof of your residence address, your CV and to fill in our questionnaire. Also some proof of your source of money will be asked for by the bank. 


Opening A Bank Account in Cyprus for 2022



  • 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 – May 2022



 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 have 99% success rate. We open bank accounts for crypto ops and for high risk activities! For more detailed information on how to open a bank account follow this link:  How to Open a Bank Account in Cyprus? 


Facilities of Your Business Bank Account


A Business Bank Account in Cyprus offers great advantages: 

  1. Fast, fuss free opening. 
  2. Your presence in not necessary.
  3. No terms for minimum initial deposit or minimum monthly balance.
  4. Debit or Credit cards valid all over the world.
  5. Internet banking 24/7.
  6. Multi-currency.
  7. Low Bank Charges.
  8. No restrictions at all on .
  9. Full confidentiality. 

How to Open a Bank Account in Cyprus in 2022


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. 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

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


How to open a personal bank account? How long does  it take? Can anyone have a bank account  in Cyprus? 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. No restrictions, no taxes!



Cyprus Corporate Bank Account


After we register your company we can open a corporate bank account for your company in a few days, in Cyprus or abroad. Fast, no fuss. No restrictions. Usual documents required. In many currencies. No taxes. No minimum deposit terms. No need to travel to Cyprus. 

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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