Banks decide on the file they receive. We make sure it is complete, consistent and credible.
Account opening is part of the structure, not an afterthought.
Banking services in Cyprus
Opening a bank or payment account is now one of the most demanding steps in establishing a structure or relocating to Cyprus. We prepare and review the documentation, explain the source of funds and business rationale to the bank, and coordinate the process for companies and individuals. Our compliance team, led by Stalo Pavlidou, brings more than 20 years of banking experience.
How we help
- Personal and corporate account opening with banks and payment institutions
- Preparation and review of KYC and due diligence documentation
- Source of funds and source of wealth explanations
- Annual bank compliance reviews and information requests
- Coordination between the client, the bank and other advisers
- Account structuring for holding, operating and investment companies
Account opening
Common questions
What do Cyprus banks ask for when opening a corporate account?
Banks typically ask for corporate documents, information on the directors, shareholders and ultimate beneficial owners, a description of the business and expected transactions, and evidence of the source of funds. Requirements vary by bank and by the nature of the activity.
Can the firm guarantee that an account will be opened?
No. The decision belongs to the bank. Our role is to present a complete and credible application, which in practice improves the prospects and shortens the process.
Your contact
Stalo Pavlidou, Head of Compliance, coordinates account opening, with Andreas Mylonas overseeing each mandate. Tell us about the account you need.
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