Opening a company + bank acc in Estonia/Cyprus

[Donven]

Hi,

I would like to open a company and a bank account in Estonia/Cyprus (as i have heard it is a very good option).
The company receiving payments in crypto.
I would like to know from people who made this procedure, to open a company, open a bank account (real physical bank) + EMI account which accepts crypto payments or payments from platforms/compnies involved with crypto (which will send USD/EUR to the bank account).
I am not EU resident.

If there are lawyers here specialized in Estonian law, regulations and tax for non-EU resident, i will be happy to get your assistance for the entire procedure (paid service).

Thank you in advance.

Last edited: Jul 4, 2023

 

[CyprusLaw]

Hi,

We can assist with Cyprus.

What will the activities of the company be?

Can PM you︁ to discuss

 

[EliasIT]

What are the requirements for opening a Cyprus bank account in 2023 ? I assume‌ lot's of paperwork is required right?

 

[Don]

Scrutiny is tighter, otherwise‍ business as usual. The banking got hit recently as Cyprus has been a hub for⁠ Russians.Thousands of accounts were closed/frozen, and multiple lawyers were sanctioned.
At minimum you need some⁤ economic substance to satisfy the banks risk appetite and present yourself as a profitable client⁣ for the bank. I would say that the key is finding a good local service⁢ provider.