R.I.P.
Bank of Cyprus Account
Our company offers services for opening accounts with Bank of Cyprus. The security of deposits in Bank of Cyprus, as in all European banks, is guaranteed by the state. In addition to its membership in the European Union, the Republic of Cyprus is a low-tax jurisdiction that has a double taxation treaty with the Russian Federation, which provides certain advantages when using accounts in Cypriot banks. For these reasons, many individuals and entrepreneurs choose banks in the Republic of Cyprus. Our company is pleased to offer its services and open an account for you at Bank of Cyprus.
Bank of Cyprus is the largest bank on the island of Cyprus. It was founded in 1899. It also operates successfully in Australia, Greece, Romania, the United Kingdom, Russia and Ukraine. Its branch network has over 500 branches worldwide, employing around 2,000 qualified staff. The bank has 143 branches directly in Cyprus. In Russia, Bank of Cyprus is represented in Moscow, St. Petersburg, Samara and Yekaterinburg. The Bank of Cyprus Group ranks first on the Cyprus Stock Exchange in terms of capitalisation.
Opening an account with Bank of Cyprus
You can open an account with Bank of Cyprus remotely – without being physically present. Also, the bank offers mechanisms for remote account management via the Internet, which makes a Bank of Cyprus account accessible from anywhere in the world. The bank also cooperates with many electronic payment systems on the Internet.
| Account opening cost | 270 EUR |
| Terms | Account number is available within a day Internet banking keys – 5-7 days |
| Presence at the bank | Not required |
| Availability of Russian-speaking staff | Available |
| Branch or representative office in Moscow | Representative office |
| Representative offices in other European countries | Greece, Romania, Great Britain |
| Internet Banking | 1bank.com system |
| Other account management options | Fax with code tables |
| Plastic cards | VISA, American Express |
| Initial deposit amount | 300 EUR |
| Official website | www.bankofcyprus.com |
The range of banking services offered to the client is diverse: investment and financing, factoring, leasing, brokerage services, insurance, trust management, as well as opening accounts for accepting payments from websites through payment systems. As for the pricing policy, it is democratic – the cost of owning an account with this bank is relatively low.
Bank of Cyprus fees and commissions
| Account maintenance fee | 100 EUR per year + 3 EUR each month |
| Transaction fee | Up-to-date information is available on the bank’s website |
| VISA card fees | Visa Classic – free Visa Gold – 25EUR (20 EUR for each card) Visa Platinum – free (85 EUR for each card) |
| AMERICAN EXPRESS card fees | American Express Green – 30 EUR American Express Gold – 50 EUR |
| Fax account management fee | 150 EUR per year |
Current account with Bank of Cyprus
Opening an account with Bank of Cyprus with our help will not take much of your time. Our specialists will fill out the necessary forms for you for both regular accounts and merchant accounts for accepting payments on the websites of Internet companies. In order to open an account with Bank of Cyprus, you will need to provide the following set of documents.
List of documents required to open a company account:
• Memorandum of Association, Articles of Association of the company
• Certificate of Incorporation
• Certificate of Good Standing (for foreign companies older than 2 years)
• Certificate of Directors, Secretary, Shareholders
• Certificate of Registered Office
• Minutes of the founders on the appointment of the first directors
• Minutes of Board of Directors meetings
• Declaration of Trust between the beneficiary and the nominee shareholder
• Company structure chart indicating the beneficial owner
• Document confirming the address of the Central Office
• A package of application documents (bank forms) for opening an account in the form of the Bank of Cyprus
Bank of Cyprus also offers a separate service – a partnership current account:
• Partnership Agreement
• Certificate of Registered Office
• Certificate – list of partners
• Certificate of Good Standing (for foreign partnerships older than 2 years)
• A package of application documents (bank forms) for opening an account in the form of the Bank of Cyprus
The bank requires all documents listed above to be provided in English and apostilled. Of course, our company’s specialists will carry out the translation and the certification procedure for you.
