Open an EU Bank Account for Your Cyprus Company
As an EU member state, Cyprus provides your company with access to the Single Euro Payments Area, European banking regulations, and a financial system trusted by businesses operating between Europe, the Middle East, and Africa.
Remote opening
Initiate your Cyprus corporate account from overseas. EU-compliant digital onboarding procedures allow the application to be processed without an in-person visit.
Multi-currency
Bank natively in EUR with instant SEPA transfers across 36 countries. Your Cyprus account also accommodates USD, GBP, and other global currencies.
Global network
Cyprus sits at the intersection of three continents. Its banks offer direct SEPA and SWIFT connectivity alongside an established correspondent banking network spanning Europe and beyond.
No restrictions
EU capital movement rules guarantee free flow of funds across all member states. International transfers beyond the EU are equally straightforward from Cyprus.
Banking Within Europe's Trusted Centre
Why Cyprus offers unique advantages for corporate banking within the European Union
Cyprus as a Banking Jurisdiction
Full EU Membership With European Central Bank Oversight
As an EU member state, Cyprus operates under the supervisory umbrella of the European Central Bank and the Single Supervisory Mechanism, offering the highest tier of regulatory credibility to banking partners.
No Mandatory Local Capital Deposits for Corporate Accounts
Cyprus-registered companies are not obligated to lock capital in domestic accounts, allowing businesses to distribute their financial resources across European and global institutions.
Euro-Zone Stability With Seamless Cross-Border Transactions
Operating within the Eurozone eliminates currency risk for intra-European trade and gives companies direct access to the Single Euro Payments Area for rapid, low-cost transfers.
Robust Compliance Under EU AML Directives and CRS
Cyprus enforces comprehensive anti-money laundering legislation aligned with the latest EU directives and participates fully in the Common Reporting Standard, ensuring global banking acceptance.
Strong Relationships With European and Global Banks
Major European banking groups maintain operations in Cyprus, and Cypriot banks hold extensive correspondent relationships, providing companies with a wide array of institutional choices.
What Corporate Banking Delivers for Cyprus Entities
Euro-Denominated and Multi-Currency Corporate Accounts
Hold your primary account in euros while maintaining secondary accounts in USD, GBP, CHF, and other currencies — ideal for companies trading across multiple regions.
SEPA and SWIFT Access for European and Global Payments
Benefit from same-day SEPA transfers within Europe and reliable SWIFT connectivity for intercontinental payments, combining speed with broad geographic reach.
Full-Featured Digital Banking and Corporate Card Programs
Cypriot banks offer sophisticated online and mobile banking platforms, along with corporate Visa and Mastercard programs for employee expenses and business travel.
EU Banking Passport Benefits for Cross-Border Services
Cyprus companies can access banking services across all EU and EEA member states under passporting arrangements, expanding options without additional regulatory hurdles.
Efficient Onboarding Processes at Major European Banks
Many Cypriot and European banks have refined their corporate onboarding workflows, often allowing video-verified identification and digital document submission to expedite account activation.
Why Expanship for Cyprus Corporate Bank Accounts
Banking in an EU member state brings both advantages and regulatory complexity. We help your Cyprus company navigate European banking standards, SEPA integration, and local compliance requirements to secure a corporate account without unnecessary delays.
EU Banking Expertise
Our team brings focused experience with Cyprus corporate banking, including EU regulatory standards, SEPA requirements, and European Central Bank compliance.
Banking Network Access
We connect your Cyprus company with established banks that service international businesses within the EU's regulated financial framework.
Full Document Preparation
All documentation is prepared to meet both Cyprus-specific banking requirements and broader EU compliance standards, including beneficial ownership disclosures.
Efficient Processing
Our structured methodology speeds up the Cyprus account opening timeline, coordinating smoothly between your business and the banking institution.
Regulatory Readiness
Cyprus banks operate under ECB supervision and strict EU directives. We ensure your application meets all applicable regulatory thresholds from day one.
Long-Term Support
Beyond account opening, we assist with ongoing EU compliance obligations, banking correspondence, and any operational needs that develop.
Cyprus Banking Account Options
Browse EU-regulated banks and international platforms offering corporate accounts, with multi-currency capabilities and cross-border transaction support built in.
Cyprus Account Opening Pricing
Simple pricing for EU corporate bank account opening assistance. Start with digital banking at no cost or unlock full access to traditional and digital institutions.
Digital Banking Package
Streamlined onboarding with a trusted digital banking partner for your Cyprus company
What You Get
- Guided onboarding with one digital banking provider
This package is provided at no extra cost with our Cyprus company formation packages
Unlimited Banking Package
What You Get
- Assistance with unlimited EU and international traditional banks
- Assistance with unlimited digital banking platforms
EU Bank Guidance
Expert recommendations on Cyprus and EU-wide banks that align with your company's operational and compliance needs
Application Review
Detailed preparation and review of application documents to satisfy EU banking standards
Certified Document Assistance
Certified corporate documents with apostille or notarisation available as add-on for EU institutions
Bank Meeting Coordination
Arranging introductions and scheduling calls or meetings with banking representatives across Cyprus
Cyprus Bank Account Setup Process
Open a corporate bank account in Cyprus with a structured, compliant approach. Our team ensures your application meets European banking standards at every stage.
Evaluate and shortlist suitable European banks
We help you shortlist European banking institutions that align with your Cyprus company's operational requirements, industry sector, and anticipated transaction volumes.
Gather documentation and complete application forms
Our team prepares a comprehensive application package including certified corporate documents, director identification, and any forms required by the chosen bank.
Manage bank correspondence and additional requests
Throughout the bank's due diligence review, we liaise directly with their compliance team to resolve questions and supply any additional supporting evidence.
Get your account approved and operational
Following the bank's assessment, we assist with final account setup. If the application does not succeed, we work with you to identify the next best option.
Cyprus Corporate Account Requirements
Documentation standards for opening a corporate bank account in Cyprus. European banks apply thorough due diligence — we ensure your submission meets every requirement.
Certificate of Incorporation
Company registration certificate issued by the Cyprus Department of Registrar of Companies and Intellectual Property
Memorandum and Articles of Association
The company's constitutional documents as filed with the Cyprus Registrar
Certificate from the Registrar
Recent certificate confirming the company's good standing and active status with the Cyprus Registry
Register of Directors and Secretary
Current director and secretary details as filed with the Registrar (Form HE4)
Register of Shareholders
Up-to-date shareholder registry showing all registered members and their holdings
Tax Identification Number (TIN)
The company's Cyprus TIN issued by the Tax Department, required for all corporate banking relationships
Passports for All Directors
Certified copies of valid passports for each director, in line with EU identification standards
Proof of Address
Utility bill, bank statement, or tax notice from the director's country of residence, dated within 3 months
Professional Biography
Detailed CV or professional profile for each director, including industry experience and role history
Reference Letters
Letters from the director's existing bank or a qualified professional such as a lawyer or accountant
Corporate Business Plan
Detailed description of the company's commercial activities, EU and international operations, and growth strategy
Financial Projections
Forecast of revenue, costs, and cash flow for the upcoming 12 to 24 months
Expected Transaction Patterns
Anticipated account activity including currencies, volumes, and counterparty jurisdictions
Source of Funds Documentation
Comprehensive evidence of the legitimate origin of corporate funds and initial deposits
Client and Supplier Information
Details of the company's main business relationships, including geographic distribution
Frequently Asked Questions
Detailed answers to key questions about corporate banking in Cyprus and navigating EU banking requirements
Account opening typically takes 3 to 8 weeks. European banks apply thorough due diligence, which can extend timelines compared to some other jurisdictions. Document quality and completeness directly affect the pace.
Some Cyprus banks allow fully remote onboarding through video identification and electronic document submission. Others may require an initial in-person meeting. We advise on which banks offer the most convenient process.
Opening deposits vary considerably, from €1,000 for basic business accounts to €50,000+ for premium accounts. We outline deposit expectations for each bank during the selection phase.
Yes, banks expect documentation of genuine commercial activity, including business plans, trading contracts, or invoices. EU compliance standards mean banks pay close attention to the nature and legitimacy of your operations.
EU and Cypriot banks usually require apostilled corporate documents and certified identification. For EU-issued documents, apostille requirements may be simplified under EU regulations. We manage all certifications.
Documents should generally be no more than 6 months old. The Certificate from the Registrar is typically required within 30 to 60 days. We verify exact freshness requirements with each bank before preparing your package.
Most Cypriot banks accept electronic copies for preliminary review. However, original certified copies are required for final approval. Many banks now accept certified copies submitted through secure digital channels.
Documents in languages other than English or Greek require certified translations. We coordinate with accredited translators to ensure all materials meet the linguistic standards of the receiving bank.
Banks require identification of all ultimate beneficial owners holding 25% or more. Full passport copies, address verification, and a clear organisational chart showing the ownership chain are standard requirements under EU directives.
While Cyprus does not have offshore-style economic substance rules, EU-based banks expect genuine business operations. Demonstrating that your Cyprus company has real economic activity and commercial purpose strengthens your banking profile.
Banks may impose restrictions on sectors they deem higher risk, such as cryptocurrency, gambling, or certain financial activities. EU regulations also influence bank risk appetite. We help find institutions suited to your industry.
You must maintain accurate corporate records, submit updated documents when requested, notify the bank of director or ownership changes, comply with CRS reporting, and meet all applicable EU anti-money laundering obligations.
Fees vary but commonly include account maintenance charges (€30–€300+ monthly), SEPA transfer fees (€0–€5), SWIFT transfer fees (€15–€50+), and currency conversion charges. We supply a detailed fee comparison.
Most corporate accounts have minimum balance requirements, typically between €5,000 and €100,000+ depending on the bank and account type. Balances below the minimum may result in additional monthly charges.
Yes, Cypriot banks offer corporate Visa and Mastercard debit and credit cards. Card availability, spending limits, and eligibility criteria vary by bank and depend on the company's financials and banking relationship.
Banks provide full-featured digital platforms offering real-time account monitoring, SEPA and international transfers, scheduled payments, multi-user access, and downloadable statements — accessible via web and mobile applications.
Account closures can stem from compliance reviews, changes in bank policy, or material shifts in your business model. Maintaining multiple banking relationships is prudent. We assist in securing alternative arrangements if any account is terminated.
Connect With Cyprus Banking Specialists
Have inquiries about Cyprus corporate bank accounts, documentation standards, or European banking access? Our specialists are available to guide you.
