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Although Cyprus is not as developed a banking centre as other jurisdictions, some of our Clients choose to open a Cyprus corporate bank account to support their business activities on the island or offshore. As a member of the European Union (EU), Cyprus is a stable, regulated financial market. A Cyprus corporate bank account is therefore an attractive option for certain international Companies. |
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Thanks to Healy Consultants' solid working relationship with the largest bank in Cyprus, our Clients are not required to visit Cyprus to open a Cyprus corporate bank account. |
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The following information will help you determine whether a Cyprus corporate bank account is the optimum solution for your business. |
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Cyprus is a reputable, politically-stable European country. A Cyprus corporate bank account is therefore a secure long-term solution with which to support a business on the island and internationally. |
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A Cyprus corporate bank account portrays an excellent image internationally, especially to your suppliers and customers. |
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It is relatively easy to open a Cyprus corporate bank account. |
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Healy Consultants can open a Cyprus corporate bank account on our Clients' behalf without our Client needing to visit Cyprus. |
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A Cyprus corporate bank account is available in multiple currencies. |
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A Cyprus corporate bank account is supported by a range of additional banking services, including medium-term specialised finance, working capital finance (e g overdrafts, inventory finance), trade finance (e g letters of credit, guarantees etc), cash management, foreign exchange and project finance (e g loan syndication, co-financing and capital markets execution). |
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For Healy Consultants to assist our Clients to open a Cyprus corporate bank account without them visiting Cyprus, we require certain due diligence information including: notarised copies of Passport and Driving Licence of all directors; the Company's corporate documents, including Certificate of Incorporation, Memorandum and Articles and Directors/Trustees resolutions. This documentation must be certified by the local branch of the Cypriot bank (or by a notary public) in the Client's home country, as well as and evidence of the Company's nature of business (e g sample invoices or purchase orders etc). |
Healy Consultants Fees to help open a Cyprus Corporate Bank Account Our fee to assist you to open a Cyprus corporate bank account amounts to US$2,100. This fee includes: |
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Healy Consultants International Banking Team completing the Cyprus corporate bank account application form on behalf of our client, and obtaining our Client’s signature. |
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Healy Consultants' International Banking Team preparing a detailed Business Plan relating to our Client's Company to support the Cyprus corporate bank account application. The Business Plan provides details of the Company's activities, products and services offered, details of the Company's suppliers and some information on its Clients and intended markets. |
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Healy Consultants International Banking Team submitting the Cyprus corporate bank account application form and Business Plan to the bank, together with the corporate and personal information outlined above. |
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Healy Consultants' local officer attending a bank interview in Cyprus on your behalf, describing your global business activities and explaining why you require a Cyprus corporate bank account. As described above, Healy Consultants can open a Cyprus corporate bank account without the bank signatory and beneficial owners’ presence. |
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Paying the initial bank deposit to the Cyprus bank on our Client's behalf. A scanned copy of the bank deposit slip is emailed to our Client as verification of the same. |
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On behalf of our Client, Healy Consultants applies for corporate internet banking facilities to accompany the Cyprus corporate bank account. |
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On behalf of our Client, Healy Consultants applies for a credit card, ATM card and cheque book to accompany the Cyprus corporate bank account. |
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Healy Consultants International Banking Team receiving approval from Cyprus for the opening of the Cyprus corporate bank account. |
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Healy Consultants receiving the Cyprus corporate bank account Internet login and password information in a sealed letter that is passed directly to our Client. |
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Healy Consultants receiving a corporate cheque book in a sealed letter that is passed directly to our Client. |
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Healy Consultants receiving credit and ATM cards in a sealed letter that is passed directly to our Client. |
Please note that our fee to open a Cyprus corporate bank account does not include the initial deposit required by the bank. |
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Contact Us For more information on any of our Cyprus corporate bank account services, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. Back to Cyprus Company Formation page. Go to International Corporate Bank Accounts page. |
Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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