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Banks and accounts

Where a Cyprus company can bank, what each one asks for, and how we help you open the account. We prepare one file and you answer every question once.

Banks and payment accounts

Bank

Bank of Cyprus

Typical time to open: 14 to 60 days

They ask for: Passport (colour scan), Proof of residential address, CV, Bank reference letter, Source of funds and wealth, One page business plan, Ownership structure chart, Personal tax number

Bank

Eurobank Limited (formerly Hellenic Bank and Eurobank Cyprus)

Typical time to open: 14 to 60 days

They ask for: Passport (colour scan), Proof of residential address, CV, Source of funds and wealth, One page business plan, Ownership structure chart

Bank

Alpha Bank Cyprus (took over AstroBank)

Typical time to open: 3 to 45 days

They ask for: Passport (colour scan), Proof of residential address, CV, Source of funds and wealth, One page business plan

Bank

Ancoria Bank

Typical time to open: 14 to 45 days

They ask for: Passport (colour scan), Proof of residential address, One page business plan, Registered office agreement

Payment account (EMI)

Revolut Business

Typical time to open: 1 to 10 days

They ask for: Passport (colour scan), Proof of residential address

Payment account (EMI)

Airwallex

Typical time to open: 2 to 10 days

They ask for: Passport (colour scan), Proof of residential address, One page business plan

Payment account (EMI)

Wise Business

Typical time to open: 1 to 10 days

They ask for: Passport (colour scan), Proof of residential address

Payment account (EMI)

Payoneer

Typical time to open: 3 to 14 days

They ask for: Passport (colour scan), Proof of residential address, One page business plan

We show where founders usually open accounts. Each bank and payment provider decides individually, and we have no view inside the banks. Partner links may pay us a referral fee; it never changes your price.

Online account guidance

Included

Guidance for an online payment account is included in every package: which provider fits, what they ask for, and your documents ready to upload.

Cyprus bank application help

EUR 390 excl. VAT

We prepare your bank file and a checklist for the bank you pick, and you apply. Each bank decides individually, and we have no view inside the banks. Guidance for an online payment account is already included.

Add it when you start

Which one first?

The main business banks in Cyprus today are Bank of Cyprus, Eurobank (which merged with Hellenic Bank in 2025), Alpha Bank Cyprus (which took over AstroBank in 2025) and Ancoria Bank. Revolut Business and Airwallex accept Cyprus companies for payment accounts. Most founders from outside the EU open a payment account first and a bank account later.

The partners around your company

Licensed Cyprus advocate

Prepares and files the incorporation documents. A practising Cyprus advocate must sign the Memorandum and Articles and swear the statutory declaration (HE1).

Typical time: 10 to 28 days

Cyprus address and mailroom

The official Cyprus address of the company, with mail received, scanned and forwarded. Included for 12 months in Standard and Ready to trade, bookable yearly with Starter.

Typical time: 1 to 3 days

Company secretary

Every Cyprus company needs a secretary. Included for 12 months in Standard and Ready to trade, bookable yearly with Starter. The secretary keeps the statutory registers and files changes with the Registrar.

Typical time: 1 to 3 days

Accounting and audit

A partner accounting firm prepares the yearly accounts, arranges the audit and files the tax return at a fixed yearly price, and does the bookkeeping within your Company plan tier. Or bring your own accountant into the dashboard for free.

Typical time: 1 to 30 days

Corporate director

A licensed Cyprus corporate services company on your board next to you, with board minutes kept in Cyprus. Needs our address and secretary.

Typical time: 3 to 10 days

Certification and apostille

Certified and apostilled copies of corporate documents for banks and authorities abroad.

Typical time: 1 to 3 days

How opening an account works

We show where founders usually open accounts and what each one asks for. You apply yourself. With bank application help we prepare your file and a checklist from the documents already in your vault, so you answer every question once.

Each bank and payment provider decides individually and sets its own prices and terms, and we have no view inside the banks. A bank can decline an application, ask for more documents or ask for a call with the directors. A complete file makes those questions come up less often.

Start now, finish later.

Your answers save as you go. Invite your co-founders when you are ready.

EUR 1,390excl. VAT, all-in for year one
Start your company