Bank account opening with Bank of Cyprus.

Assistance with opening of a corporate bank account with Bank of Cyprus, including full internet-banking access and debit or credit card.


Corporate Account Opening

  • Verifying your personal & corporate documentation
  • Completion of the bank forms which will be forwarded to you for signing with relevant instructions
  • Sending the full package to the bank for final approval
  • Monitoring the account opening process until account allocation and banking package is received

We consider our service completed once you obtain the bank account number. Due to the bank-customer relationship, we will no longer be able to contact the bank on your behalf after the bank account is opened.
$ 499

Business debit/credit card

Assistance with obtaining of a Debit/Credit Card (Visa/MasterCard/American Express).
$ 100

Additional business debit/credit card

Assistance with obtaining of a debit/credit card (Visa/MasterCard/American Express).
$ 100

Payment methods

TOTAL: $ 599

Facts & Info for Bank of Cyprus:

About the Bank

The Bank of Cyprus Group was founded in 1899 and is the leading banking and financial services group in Cyprus.

The Group provides a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance.

The Group currently has a network a total of 300 branches in Cyprus, Russia, the United Kingdom and Channel Islands and employs 6898 staff worldwide. The Group also has 5 representative offices in Russia, Ukraine, China and South Africa.

Following the decision of the Eurogroup meeting held on 25 March 2013 and the decrees issued by the Central Bank of Cyprus in its capacity as the Resolution Authority, Bank of Cyprus has acquired the insured deposits and the majority of the assets and loans of the Cyprus Popular Bank Public Co Ltd (“Laiki”) and as a result it currently operates through 130 branches in Cyprus and with 4.240 employees.

In addition, the Group exited Greece, a market in which it has operated for the last 22 years, through the disposal of loans, fixed assets and deposits from its banking operations in the country. In Romania, the Group transferred certain assets and liabilities including most customer deposits, certain loan agreements and related collateral, cash and other liquid assets to the subsidiary of Laiki in Romania. In the UK, deposits of the UK Branch of Laiki Bank have been transferred to BOC’s UK subsidiary and advances to the parent company of the Group.

As part of the Bank’s strategy of deleveraging through the disposal of non-core operations and of focusing on core businesses, the Bank has recently completed the sale of its operations in Ukraine, it disposed its investment in Romanian Banca Transilvania and also of certain loans in Serbia.


  • Personal and Business accounts
  • Full Internet banking services
  • Phone banking
  • Accounts in all major currencies
  • Wide range of Debit & Credit VISA, MasterCard and American Express
  • Multilingual customer support
  • The approximate timeframe for account allocation is 2 to 3 days after the original documents have been received by the bank.

The Bank of Cyprus (BOC) can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance. Inward SEPA, SWIFT transfers in favour of BOC customers in foreign currency are charged from EUR 2 - to EUR 40, depending on the amount of transaction. Inward transfers in euro are free of charge for transactions up to EUR 10,000. The outward payment orders vary from EUR 5 to EUR 400 depending on the amount and currency of transaction. The cost of the account maintenance is USD 50 per months.

  • PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.
  • STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.

  • Requirements

    • A Skype interview with the bank is required within 3 months of account opening.
    • Third party nominee director(s) and/or shareholder(s) are not permitted for the account opening. The bank will only consider the application when the company has individual director(s) and/or shareholder(s) or nominee legal entities provided by Starting Business.
    • No Minimum balance required.
    • Minimum initial deposit USD/EUR 500.

    For the Company:
    A set of legalized company documents consisting of:
    • Certificate of Incorporation
    • Memorandum and Articles of Associations
    • Documents confirming the appointment of company directors and secretary (if any)
    • document confirming the location of the registered office
    • Share Certificate(s)
    • Certificate of Good Standing if the company is more than 12 months old
    • Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
    • Valid License (if applicable)
    For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
    • Notarized copy of valid passport.
      The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
    • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
    • Original or notarized copy of Lawyer's/Banker's/Accountant's reference letter, dated within 3 months
    • Power of Attorney (where applicable)
    • Personal CV
    For each corporate officer (Where the company directors or shareholders are legal entities), please provide:
    A set of legalized company documents consisting of:
    • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
    • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
    • Copy of the Corporate Structure.
    • Certificate of Good Standing.
    Documents that are not in English must be accompanied by a certified translation.
    Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.

    If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

    Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

    Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.
    Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction of your ordered company, the country where the bank is based as well as your destination country.

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    Need Assistance?

    +44 (0) 203-519-1398

    Mon-Fri 8am-6pm EET

    1 business day response