Cyprus is a member of the European Union. This bank provides a vast range of services that include an online banking facility, cards, IBAN, and more.
Both personal and corporate accounts can be opened. Offshore companies are also welcomed.
Opening accounts are hassle-free and quick, most especially for personal accounts.
Updated: 14 Oct 2019 | Author: Alan, K.
Cyprus Outline
The country`s official name is the Republic of Cyprus. It is an island country in the Mediterranean Sea -- the third largest in the region and well-known for its tourist destinations. Its capital city is Nicosia.
Cyprus was a former British colony until it became independent in 1960. In 1961, it became a member of the Commonwealth, and in May 2004, joined the European Union. In 1974, Turkey invaded and occupied the northern portion of the island.
The Republic of Cyprus has one of the most successful economies in the Middle East and maintains a stable banking environment despite the global economic crisis. It is protected by the EU and its own regulatory laws.
Personal / Corporate Account
Oobac guarantees the bank`s reputable overseas transactions and can facilitate your account creation.
Nominees are also accepted during registration.
Oobac makes the process hassle-free while working within EU`s regulations.
All of our recommended banks have been hand-picked for their clean history, trusted activities, and high reliability.
Service fee (Personal account):
EUR 1500.00
Courier fee: EUR 70
Service fee (Corporate account):
EUR 1500.00
Courier fee: EUR 70
Fixed Deposit Account
Fixed Term Deposit Account is available. Interest rate is a subjective to the amount and terms chosen.
Kindly contact the bank for further details after you`ve opened your account.
No Personal Appearances
Your bank account may be opened offshore, without the need for any personal appearances.
Multi-Currency Accounts
The bank offers accounts catering to multiple currencies, giving you the freedom to trade in any market you wish.
We advise you to consider the best currency for your account given the worldｴs economic situation.
Internet Banking
An Internet banking facility is available for customers to transact online. This gives you the ability to manage your finances from anywhere in the world at any time.
Cards
The bank supports many kinds of cards and has partnered with the biggest names in the banking industry such as VISA and MasterCard to give you world-class convenience.
These cards will be made available to you once your account has been opened.
Initial Deposit
Normally, an initial deposit of 1,000 EUR is required when opening a new bank account. Oobac offers to set up your account in Cyprus for an initial deposit of just 100 EUR which may sent by wire of included in the banking fees.
To make an initial deposit, click on the "Add deposit to the fee + EUR 100.00" link in the "Choose how to send initial deposit" on upper menu of this page.
Time for Opening an Account
It takes 1 to 2 month to open a personal account. Your account information will be delivered upon recieving from the bank. You can see all your progress of the procedure on "Oobac User Corner" after you log-in.
To ensure the quickest possible process, kindly prepare all your documents and ensure that they are complete with the needed information.
Corporate accounts may take slightly longer to open than personal accounts.
Service fee (Personal account):
EUR 1500.00
Courier fee: EUR 70
Service fee (Corporate account):
EUR 1500.00
Courier fee: EUR 70
Bank Name
Bank names are never revealed on this site for security and technical reasons. Oobac offers its services in confidentiality to our clients as well as our partners. As such, our unique offers cannot be availed of on your own.
For more details, click on the following link:
Required Documents
For Personal Accounts:
- Copy of your passport (we will make certification for you)
- Proof of Address (within 3 months, we will make certification for you)
For Corporate Accounts:
- Certificate of Formation/Incorporation (Original ones, or notarized copies)
- Statement of Shareholders/Organizers (Original ones, or notarized copies)
- Status of Company (Original one, or notarized copies)
- Board of Resolution for opening bank account (Original one, or notarized copies)
- Copy of your passport (we will make certification for you)
- Proof of address (within 3 months, we will make certification for you)