Cyprus Bank Account, how to open the bank account?

[guest]

Cyprus banks are completely licensed and serve Cypriot private customers as well as enterprises with all the required banking services. The banks are now open to all clients, both local and international, to access extremely flexible services.

Last edited by a moderator: May 30, 2016
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[Manial]

Information on Cyprus Bank Accounts


You can find the information on how to open the account in Cyprus oldest international bank that has a strong focus on cross border trade and direct foreign investment on Q WEALTH REPORT website


This bank has a network of more then 700 correspondent banks.

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[mneilson]

Some where in your above post there is a line " No minimum deposit is required to start the accounts and credit card facilities are offered after some duration of time to initial customers". But I have read in many websites about the account opening standing fee. in Cyprus that ranges from EUR 350($450) to EUR 750($1050). Pl. clarify it.

 

[MiltonStone]

There is no minimum deposit to open the bank account at least not with Bank of Cyprus as where I have my account, also, I got my debit card (Visa electron card) after a few weeks, it wasn't really not difficult.

 

[Safa]

I confirm also no Minimum depsosit with Laiki Marfin bank.

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[JohnLocke]

There is a small debosit you have to make ( rnages between EUR 20 and EUR 50) for some banks in order to activate the account, but it is nothing compareable with the many other offshore banks which require you to deposit $5000 to $50000 - I mean, hey if you don't have the €20 to 50 to deposit why will you need a bank account at all ?


The fees mentioned in one of the above posts is the professional fee in order to be introduced and handle the paperwork for each new clients, Cyprus banks requires a introducer.

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[drillbill]

We hold an account with USB bank, they are slow in the approval process but very reliable to bank with... no minimum deposit at all.

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[titienne]

Do any one have a contact to open a bank account commercial (offshore) in Bank of Cyprus ?


Thanks

 

[titienne]

or Laiki Marfin bank ?


Thanks again 🙂

 

[JohnLocke]

We can help you with both banks if needed.

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[Bibika]

How are the taxes calculated when you have an account in a Cyprus bank. Please send me the link with instructions.

 

[JohnLocke]

You are taxes excatly the same as with any other bank account, you will need to have a company somewhere in order to make any tax speculations.

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[system32]

Bibika said:
How are the taxes calculated when you have an account in a Cyprus bank. Please send me the link with instructions.
Click to expand...

There is no withholding tax if the account is opened with non resident account holder which is the case in 99,9% !

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[JohnLocke]

system32 said:
There is no withholding tax if the account is opened with non resident account holder which is the case in 99,9% !
Click to expand...

Thats correct.

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[Rahul shetty]

Actually I'm still trying to figure it out why you have created this thread I mean I'm not getting the point of this thread

 

[Aliza beth]

it is easy to open a bank account. You just need to submit necessary documents and do some sort of verification. Good luck