How difficult to get Cyprus bank account for Hong Kong company?

[hungryit]

I want to know how difficult it is to get a Cyprus bank account for a company which is duly registered in Hong Kong?

From some agent I spoke to they say it is not a problem others say it's not possible stupi#21

 

[Clip]

I heard the Bank of Cyprus have no problems. Why HK company?

 

[AMD]

That's the same I researched, it seems as soon as 'Significant Controllers Register' is in‌ place there is no problem to open an account for any offshore company including HK‍ and Cyprus itself.

 

[Ready to discuss]

Enougj difficult

You need all the HK compamy corporate documents and full KYC of the‌ shareholder /owner (source of funds, where. These funds are taxable etc). Also some banks do‍ not open new accounts to foreigners individuals or companies.

 

[Mark Rucken]

It is possible. If it is a brand new company you have to present them‌ Engagement letter issued by a licensed Hong Kong Auditor. If it is an old company,‍ you need to send them audited accounts for the past 2 years. An audit is⁠ a must for all CY banks. If your company comes from jurisdictions with no audit⁤ obligation, you should forget Cyprus for banking.

 

[Ready to discuss]

Now they⁣ are also requesting source of funds (AML) of the shareholder if the financing was made⁢ through equity finance.