Opening a Bank Account in Cyprus

Our Lawyers are ready to provide you with assistance in opening of individual and corporate bank accounts. Whether you’re planinng to start a business, relocate to Cyprus,purchase a new property,receive salary our company ensures clients to have the best banking solutions, tailored to specific client’s needs and fast application process. We collaborate with top reputable banks in Cyprus such as Bank of Cyprus, Hellenic Bank, Alpha Bank and others. Here’s a detailed guide to help you understand the process.

Types of Bank Accounts


  1. Current Accounts:   For everyday banking needs, including deposits, withdrawals, and payments.
  2. Savings Accounts: For earning interest on deposits with limited transaction capabilities.
  3. Foreign Currency Accounts: For holding funds in foreign currencies, useful for international transactions.
  4. Corporate Accounts: For businesses and corporate entities, facilitating business transactions and payroll management.

Can non-residents open a bank account in Cyprus?

Yes, non-residents can open bank accounts in Cyprus, but the documentation requirements might be more stringent.

How long does it take to open a bank account?

The process typically takes a few days to a couple of weeks, depending on the bank and the completeness of your documentation.

Can I open a bank account online?

Some banks offer the option to start the application process online, but you may need to visit a branch to complete it.

Is it necessary to have a local address?

Yes, you generally need to provide proof of a local address in Cyprus to open a bank account.