Open a Bank Account in Cyprus

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.

Cyprus Outline

The countryｴ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.

Merits of a Cyprus Bank Account

Opening an account in Cyprus subsequently entitles you to the efficient security system. The region has established its position as the most suitable and stable business environment. Cyprus bank accounts offer a wide range of services that include an online banking facility, cards, and even multi-currency services. Personal and corporate accounts are available to both residents and non-residents of Cyprus (with the exclusion of residents in blacklisted countries). Opening a bank account is also quick and efficient. A full range of payment services are also offered such as electronic funds transfers (SWIFT and IBAN), cheque clearances, payments, and bankerｴs drafts. Personal / Corporate Account Oobac guarantees the bankｴ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ｴs regulations. All of our recommended banks have been hand-picked for their clean history, trusted activities, and high reliability.