To Open a Bank Account in Cyprus

Opening a bank account in Cyprus is not only safe, but also advantageous. Due to the assistance and support of the government, financial institutions provide an opportunity to reduce tax burden and eliminate risks of the impact of turning points of the economy. Entrepreneurs in Europe, North Africa and the Middle East are actively working with financial institutions of the island country.

You can open a bank account in Cyprus remotely, without visiting the island country. The Central Bank controls the operation of all financial institutions in the country.

The interest and attractiveness of foreign accounts for Russians are as follows:

• high-quality remote maintenance, saving time;
• the ability to make payments in various currencies (EUR, USD, GBP);
• Russian-speaking staff;
• package of additional services — payments abroad, Internet banking, lending.

It is not necessary to deposit money directly to the new current account. It is worth considering that banks of Cyprus are subject to European laws which guarantee stability and reliability.

Opening a bank account in Cyprus for a Russian citizen without going abroad is easy with Protey Consulting Group. The whole process, from the preparation of documents to opening a bank account, will take from 2 weeks to a month. The cost of the service is starting from 450 euros. If a Russian individual independently addresses a financial institution, the same process will take 2-3 months.

Recommended banks with good reputation:

• AstroBank;
• Card Pay;
• Bank of Cyprus;
• RCB Bank;
• Hellenic Bank;
• Eurobank Cyprus;
• Expobank Cyprus Branch.

Protey Consulting Group offers legal and other corporate services. A certified and licensed representative works with offshore jurisdictions, maintains international tax accounting, accounting, assists in obtaining a second citizenship, conducts audits, opens bank accounts in Cyprus and other countries.

International certificates and diplomas (CPA, CIA, ILEC, ACCA, CFA and other) confirm the knowledge of specialists in international law. Extensive experience, including legal practice, allows for an individual approach to customers, taking into account their requirements and wishes.

The key to success in cooperation with a company is to bring any case to the expected result in compliance with international regulations and business standards. Protey Consulting Group is a reliable partner of individuals and legal entities.