Opening a bank account in Cyprus

Cyprus Tax resident companies are advised to conduct their business transactions via a local bank account, to strengthen not only their substance in the Republic of Cyprus but also their tax residency status. Tutis Advisory Services Ltd team can facilitate you in opening a bank account in Cyprus, as well as to assist you with any other banking solutions you may need.

Corporate account documents
    • Passport.
    • Proof of address such as a utility bill (for Directors, Signatories and Beneficial Owners).
    • Company Resolution for the opening of the account.
    • Certificate of Incorporation.
    • Address of the company.
    • Company’s Memorandum and Articles of Association.
How can we assist
  • Introduce you and set up appointments with any bank in Cyprus.
  • Either accompany you or represent you through a Power of attorney in the meeting with the bank.
  • Prepare all necessary documents beforehand for the opening of accounts.
  • A bank account for business purposes can be opened as soon as a company has been incorporated.
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