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!

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[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]

ledger said:
@blizz which bank did you choose? Account opening was for Cyprus company or offshore (Belize / Seychelles)?
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I opened an account with RCB Cyprus. No issues so far!

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[Larry]

Thank you very much! I will give it a try

 

[blizz]

ledger said:
Thank you very much! I will give it a try
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Let us know how it went out for you. I'm still satisfied.

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[Larry]

blizz said:
Let us know how it went out for you. I'm still satisfied.
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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]

bigladsmith said:
Which Cyprus banks accept a Seychelles company? Also, Do Cyprus banks conform to CRS??
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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!

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