Opening bank account in Cyprus

[hocuspocus]

Hey everyone,

We have a legit business (digital marketing, really nothing shady) and would like to migrate it to Cyprus.

It'd be active trading not a holding company, but I don't want to open office nor hire employees in Cyprus. Do you think we'd be able to get account opened? I have a introducer, and I'd visit Cyprus to open bank account (not remotely).

Thanks!

 

[negon]

Usually not a problem if you have a clean business.

 

[blizz]

I opened an account there for less than a month a go!

 

[devnull]

Do they ask an bank reference letter by Bank of Cyprus? And is PayPal easy‌ there too?

 

[Larry]

@blizz which bank did you choose? Account opening was for Cyprus company or offshore (Belize‌ / Seychelles)?

 

[hocuspocus]

Thanks guys!

 

[blizz]

I opened an account with RCB Cyprus. No‍ issues so far!

 

[Larry]

Thank you very much! I will give it a try

 

[blizz]

Let us know how it went out for you. I'm still satisfied.

 

[Larry]

For sure. I will share my experience in the following days.

 

[Steve Berger]

Anyone was able to open it remotely in Cyprus?

 

[bigladsmith]

Which Cyprus banks accept a Seychelles company? Also, Do Cyprus banks conform to CRS??

 

[JohnLocke]

NONE if you ask that way. You need to setup something‍ real there or have a agent that is able to help you do so. The⁠ traditional Seychelles and Cyprus bank account setup will not work unless you get it done⁤ right.

ALL EU countries comply to the same rules, you can make a big fat⁣ note on that!