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No, you need to visit the bank in person as per our telephone conversation. In the future maybe they will change their policy.

I communicated with them and they can open an account to local individuals and local companies. They can open to foreigners individual only ( not companies). For foreign individuals you need to come in Cyprus in person. In addition the bank prefer individuals that are Europeans.

No, you can open a bank account either by yourself or through an introducer. There are some KYC procedures. Most important is the sources of income.

Ancoria was in Cyprus as an insurance company. Now they expanded to banking sector as well. They hired and hiring a lot of people. It offers various services to local and international clinets. You can open a bank account after they will perform the necessary KYC procedures. If your earnings are...

As per my understansing the owner of the bank account is a company/corporarion. A Cy company needs to justify the reason receives the money. Possible reason the money deposited for the following possible reasons: a) To earn interest. b) To provide loans to other parties c) Both of a and b...

Hi Starlight. Statutory obligation in Cyprus are the following: A) Submission of Tax Return to the tax authorities. The numbers in the Tax return should be audited by a registered auditor in Cyprus. B) Submission of HE32 (Annual Return) Department of the Registrar of Companies and Official...