Bank account opening in Cyprus with Piraeus Bank.

International corporate bank account including e-banking facilities with Piraeus bank in Cyprus. Piraeus Bank is an independent financial institution, a member of Deposit Protection Scheme. The bank provides a range of corporate and personal banking services including wealth and fund management for international clients worldwide.
Please note: For the account opening procedure you will need to provide a full set of apostilled company documents if your company is registered outside of Cyprus.


Corporate Account Opening Fees

  • Verifying 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.
$ 500

Business Debit/Credit Card

Assistance with obtaining of a Debit/Credit Card
$ 100

Payment methods

TOTAL: $ 500

Facts & Info for Piraeus Bank:

About the Bank

Piraeus Bank (Cyprus) Ltd was registered in Cyprus in 2007 and performs banking operations on the basis of a banking licence granted by the Central Bank of Cyprus, and, as an independent Cypriot Credit Institution, operating under Cyprus Law, has taken all necessary measures that ensure the uninterrupted continuation of its operations.
Piraeus Bank (Cyprus) Ltd is a member of the Deposit Protection and Resolution of Credit and Other Institutions Scheme, founded and run by the Central Bank of Cyprus. The amount of the compensation for each depositor in each covered banking institution is €100.000.
Piraeus Bank (Cyprus) Ltd complies with the capital adequacy rules required by the European Central Bank.In response to developments with the Greek economy, since early 2015 Piraeus Bank Cyprus) Ltd has shielded its Balance Sheet, having moved all its liquidity to robust European banking institutions, European highly-rated government bonds and short-term Cyprus Treasury Bills.
Piraeus Bank Group is one of the most dynamic and active financial organizations in Greece today. Founded in 1916, Piraeus Bank went through a period of state-ownership and management (1975-1991) before it was privatized in December 1991. Since then it has continuously grown in size and activities which makes it the fourth largest bank in Greece.
Piraeus Bank Group has a growing international presence in eleven countries: Albania, Bulgaria, Romania, Serbia, Egypt, Ukraine, Greece, Cyprus, United Kingdom, United States of America and a representative office in Russia - Moscow.
Piraeus Bank (Cyprus) Limited has established two International Business units which are located in Nicosia (covering Larnaca area as well) and Limassol (covering Pafos areas as well). These units are specialized centers that deal with international clients (either maintaining private or corporate accounts) and offer a wide range of services aiming to fulfill all the requirements that such clientele may have in today’s highly demanding financial markets.


  • Personal and Corporate accounts
  • Full Internet banking facilities
  • Phone banking
  • Accounts in 42 currencies
  • Visa Debit & Credit cards (Classic, Business, Gold, Platinum), American Express cards (including Centurion) in USD, EUR
  • English, Russian, Ukrainian, Armenian and French speaking Customer Relationship Officers
  • The approximate timeframe for account allocation is 5 to 7 days after the original documents have been received by the bank.
Piraeus Bank can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance. Depending on the currency and amount of transfer,incoming payment charges will vary between EUR 0-EUR 25 and Outgoing payment charges will vary between EUR 5-EUR 500. The account maintenance fee for International Companies is EUR 40 (Quarterly).

  • 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.
    • The minimum initial deposit and account balance of USD 500 will be required.
    • 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.
    • The account will be activated within 5-7 business days, upon receipt by the bank of all duly completed forms and relevant information.
    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 Banker's reference letter, dated within 3 months
    • Power of Attorney (where applicable)
    • Personal CV
    PLEASE NOTE: 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.

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    Need Assistance?

    +44 (0) 203-519-1398

    Mon-Fri 8am-6pm EET

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