Thank you for your interest in incorporating a company in Cyprus. Our clients have found the convenience of secure online banking without being physically present in Cyprus invaluable to their personal and business life. We are certain the same will be true for you.  You will benefit from:

• A no hassle one stop shop solution with CBC

• No minimum start-up deposits.

• Low bank fees.

• Online banking solutions for secure international transactions from wherever you are.

• International credit card compatible with Apple Pay and digital products.

• Corporate priority pass possibility for access to 600 airport lounges, in 300 cities across 100 countries.

• Protection under EU law.

• No physical presence requirements. 

 

The following are the required documents to establish a bank account in Cyprus.  We understand that this is an extensive list, however by providing these documents we minimize any delays in the account opening process.

• Completed and signed bank account opening application form  

• Personal Identification

  • Valid passport copy

  • Valid identity card copy

  • Recent utility bill not older than 3 months (i.e., electricity, water, landline, etc.)

  • Certificate of residence

  • Short professional CV

• Source of Wealth Documentation.

  • Bank reference letter from your current bank

  • Bank statement covering the first day of the calendar year to date for personal or business account

  • Financial statements of owned companies together with proof of ownership of these companies duly signed.

  • Dividend declarations and proof of the dividend payments.

  • Tax Declaration Forms of recent years, (or Capital Statement if available).

  • Payslip or employer letter declaring the compensation granted.

  • American Citizens or Green Card Holders a FATCA self-certification form completed by auditor (attached).

• Corporate Documents:

  • Company Bylaws: The Bylaws (or sometimes referred to as articles of incorporation) show the names of the founders and/or shareholders.

  • Minutes of Shareholders Meeting: Demonstrates shareholders approving the previous year's accounts and electing the members of the board of directors

  • Minutes of the Meeting of the Board of Directors (BOD): Following the election of the directors, a meeting is held by the elected members, and the chairman and general manager are appointed and their authorities determined.

  • Registration Certificate: One-page document specifying the date of incorporation, the registration number, and the place of registration.

  • Commercial Circular: Specifies the identity of the person(s) entitled to sign on behalf of the company.

  • Certificate of Registration at the Ministry of Finance: Confirms the company's tax number for the current year (2022).

  • General Affidavit from the Commercial Register:Outlines the company's situation on the date it was issued (shareholders, directors, percentage of their ownership, registration place, date, number). Issued on the current year (2022).

  • Audited Financial Statements for the previous year with the auditor’s report.

  • Report of the Right Economic Beneficiary, showing the TIN of the Company and the TIN of each Shareholder

 

Our service and fee include the following:

• Sworn translations.

• Required notarization.

• Processing at the Lebanese Ministries of Finance, Justice, and Foreign Affairs & Emigrants,

• Documentation requirements at the Cypriot Embassy in Lebanon.

• Bank of Cyprus processing

• Legal fees