Investing/residence in Cyprus need a local bank account to serve the daily business transactions. Today, open and maintain a bank account request the massive information and documentation. As three local banks’ introducer, we are able to provide the services and advise on open and maintain bank accounts in Cyprus and Swiss for natural persons and legal entities.
The general documents/information requested for opening personal bank account:
- Recent 3 months utility bill
- Passport copy
- Or/and a reference letter from your bank in your home country
- Or/and no criminal records from the recent residence country or/and country of birth
- Anticipated turnovers, average incoming (parties names and amount) and outgoing transfers (parties names and amount) for the current and coming year.
- Information on why you need the account and purpose of use
- Proof of source of wealth
The general documents/information requested for opening corporate bank account:
- Corporate documents
- Group structure
- Ultimate beneficiary shareholder KYC (above 5% holding) – 1: Recent 3 months utility bill 2: Passport copy 3: Or/and a reference letter from a reputable financial institution 4: Or/and no criminal records from the recent residence country or/and country of birth 5: Proof of source of wealth
- Key management team – 1: Recent 3 months utility bill 2: Passport copy 3: Or/and a reference letter from a reputable financial institution 4: Or/and no criminal records from the recent residence country or/and country of birth 5: Proof of source of wealth
- Anticipated turnovers, average incoming (parties names and amount) and outgoing transfers (parties names and amount) for the current and coming year
- Information on why you need the account, purpose of use, nature of business. r lawyers would be happy to meet or provide additional information and give you a detailed description of the process and our services.