Bank accounts for Cypriot companies

No company can be fully operational without an active bank account. Here at Shelfcompanies24.com we are ready to come to the rescue when you are pondering over what bank to trust your funds with. We have banking partners in several countries in the EU as well as other parts of the world and will be happy to suggest the best solutions for your business. Contact us if your company has special needs with regard to bank accounts. We are certain we can find the right financial institution for you.

One figure cost

We provide our company formation in Cyprus service at a fixed, one figure price which includes all official fees (notary, company registry, sworn translator, tax office) as well as our full assistance in opening accounts in Polish banks.

One stop shop

When client leaves our office he has a company that will be ready to trade once we obtain VAT registration, virtual address service and bank accounts as well as his designated accountant. Therefore business can be started very fast.

Speed and superb customer service

We understand that our clients’ time is valuable. Therefore if you decide to use our services we will pick you up from the airport, drive you to our office and notary and all the banks. After procedure is completed our driver will take you back to the airport.

Remote procedure available

If you cannot or simply do not wish or have time to come to Cyprus, we can setup a company on your name remotely.

Burden is ours

Whole new company registration procedure in Cyprus is complicated and time consuming. But with us it is not your problem. We will take care of everything.

Do you wish to start the procedure?

Just drop us an email or give us a call and we will send you short list of information that we need. After you provide it to us you can come anytime to proceed with the formalities.

Corporate Bank Accounts in Cyprus

Opening a corporate bank account is a critical step after forming or acquiring a company in Cyprus. ShelfCompanies24 has established strong relationships with major Cypriot banks and assists clients with the entire account opening process.

Major Banks in Cyprus

We work with the following banks and financial institutions in Cyprus:

  • Bank of Cyprus, Hellenic Bank, RCB Bank, Eurobank Cyprus

Eurozone member. Strong international banking sector. Ideal for holding structures.

Account Opening Process

  1. Bank selection — Based on your business type, expected transaction volume, and currency requirements, we recommend the most suitable bank.
  2. Document preparation — We help prepare all required documentation including corporate documents, business plan summary, and compliance materials.
  3. Application submission — We submit the account application to the selected bank on your behalf.
  4. Compliance review — The bank conducts its KYC/AML due diligence checks.
  5. Account activation — Once approved, you receive account details, online banking credentials, and payment cards.

Required Documents

  • Certificate of incorporation
  • Articles of association
  • Register of directors and shareholders
  • Passport copies of all directors and beneficial owners
  • Proof of address for all directors and beneficial owners
  • Description of business activities and expected turnover
  • Source of funds documentation

Account Features

Feature Details
Currency EUR (Euro) + multi-currency options available
Online Banking Available with most banks
Debit/Credit Cards Corporate cards available
SEPA Transfers Cyprus banks support SEPA payments
International Transfers SWIFT transfers worldwide

For assistance with opening a corporate bank account in Cyprus, please contact our consultants.

Related Services in Cyprus

Frequently Asked Questions

Which banks can I open an account with in Cyprus?

We work with major banks in Cyprus including Bank of Cyprus, Hellenic Bank, RCB Bank, Eurobank Cyprus. We recommend the best bank based on your business needs.

Can I open a bank account in Cyprus remotely?

Remote account opening depends on the bank’s policy. Some Cypriot banks allow remote opening while others require a personal visit. Our team advises on the best approach.

What documents are needed to open a corporate bank account in Cyprus?

You will need the company’s incorporation documents, passports and proof of address for directors and beneficial owners, and a description of business activities.

How long does it take to open a business bank account in Cyprus?

The account opening process in Cyprus typically takes 1-4 weeks depending on the bank and the complexity of the corporate structure.