Cyprus offers many benefits to be chosen as the place to open the bank account for your business. Investors chose Cyprus because belongs to the European Union since 2004, so they can have their bank account in the EU. Our dedicate Banking Department will advise you which is the procedure to follow and which banks will adapts to your necessities.

  • Banks in Cyprus accepts jurisdictions such as Belize, Bermudas, BVI, Cayman Islands, Costa Rica, Delaware, Dominique, Marshall, Maurice, Panama, Seychelles, St. Kitts & Nevis, St. Vicent & Grenadines, St. Lucie or Turk & Caicos. Offshore jurisdictions that are not accepted by many other EU Banks.
  • Banks in Cyprus accepts invoices from all of the above jurisdictions: offshore and onshore.
  • With your bank account in Cyprus, clients will have access to different type of cards.
  • No physical presence is required. The procedure to open the bank account will be made through e-mail, registered mail. The procedure to open the bank account is very simple.
  • Tax free for nonresident.
  • It is very developed system and very simple and friendly use.
  • Clients can use Cyprus Bank Accounts to set-up accounts with PayPal, Money Bookers or Google Checkout as approved country.
  • Several currencies: EUR, USD, GBP, CHF, JPY, AUD or CAD
  • Our firm opens Cyprus bank account in all the majors banks in the islands.

Procedure to open bank account in Cyprus and required documents.

  • Download Dedalos checklist here. So we can have all the information and the details of the bank account.
  • Send us Dedalos checklist and the required documents:
    • Copy of the Legal Documents of the company.
    • Notarized copy of Passport
    • Copy of the utility bill not older than 3 months (electricity, water, gas, telephone bill or bank statement)
    • Bank Reference letter in English could be required.
    • If the Director, Shareholder or Secretary is a legal entity. The corporate documents must be submitted.
  • CV of the Beneficial Owner.
  • In 24/48 hours Dedalos Banking Department will send you the bank application to be signed, and a report and questions that we can face with the Bank.
  • You will mail the bank application form to us, which we will take to the Bank.
  • If everything is ok, in seven – eight working days the bank account will be activated. However, the Bank always can request further documentation or information.