Opening a Cyprus Bank Account is not complicated, high costly or a time wasting. You only need to be organized and have knowledge of what you need in order to be approved and successfully get your account.
Requires are not much even if you are a resident or a non-resident of the country, you only need to be at least 18 years old.
Basic requires are tow papers:
- A copy of your passport certificated from a banker or a lawyer.
- Your last bill which certify your address.
If you own a company, you should also give the copies of your company licence.
After your request of a Cyprus Bank Account, you will need to wait for approval, this usually takes tow business days, but sometimes it can be a week long.
As I said before, opening a Cyprus Bank Account is not high costly, of curse there are some fees, but this is the progress. Fees are different in every kind of account, what does that means?
· Internet Banking is EURO 350 or US $450
· Bank account without relation with any company is EURO 350 US $615
· Offshore bank account is EURO 750 US $1,030
That fee might be little different from bank company to another, but the main prices are this.
Creating a Cyprus Bank Account is not a waste of time since it can always be helpful for everyone. Services from a Cyprus Bank are very useful and helpful. Some of them are listed below:
- Internet Banking (24h a day 7 days a week)
- Currency Exchange (from EURO to USD etc.)
- Multi currency accounts
- Electronic Visa
- Credit Card/Master Card Gold Card
You can open a Cyprus Bank Account anytime, send your papers which are listed above, in a Cyprus bank company, and wait for approval. If you are not a resident of Cyprus, you can always manage your account online for free. Pay your bills, send and receive payments from any other account from any other country. If you are studding is Cyprus/owning a company/investing in Cyprus/… there are special packets for you and you should ask for them to get the better account for you, with the fees which best fit for you and your transactions.