Bank of Cyprus: open business bank account online for trading and import/export
04.09.2026
Bank of Cyprus
Open bank account for company: about the bank, who it works with in Cyprus, open business bank account for non-residents, payments, fees and key features.
Open company bank account 2026
Information about the bank and open bank account for business
Bank of Cyprus is a bank serving clients in Cyprus and international business. Before we submit an application in 2026, we check the current legal entity, licence status and availability of the required product.
Cyprus remains a practical European location for international business, especially where the company has an office, accounting and an economic connection with the island. The institution should be selected not only by country, but also by currencies, counterparties, the need for credit or cards, and the availability of a backup payment channel.
Open bank account for company for a non-resident or offshore company
An application from a non-resident company to Bank of Cyprus is reviewed individually. A strong profile includes a clear business activity, working website, contracts, expected turnover, countries of counterparties, source of funds and a clear business connection with Cyprus. For an active operating bank account opening for company, we prepare a description of incoming and outgoing payments in advance.
Bank fees for open business bank account and SWIFT/SEPA payments in USD/EUR
| Online account opening and onboarding | Based on the KYC result; separate fees may apply depending on the profile and documents. |
|---|---|
| Account service | For a small company EUR 6 per quarter under the published tariff; a separate scale applies to larger business profiles. |
| / SEPA | According to the transaction channel and amount under the legal entity tariff. |
| International payments | Bank SWIFT fee plus possible correspondent costs and currency conversion. |
Bank fees for open company bank account | Cost of open bank account for business and USD/EUR payments
Other open bank account for company options
Cyprus company account in USD for dollar payments in a local bank or EMI: recommended to review Eurobank Cyprus Ltd / FIBank Cyprus. For stable operation of your business, we recommend additionally open business bank account in another country: see bank selection for a second business bank account opening.
How to Open a Business Account Online Remotely for UK Ltd or offshore company
- We open a bank account online for the company director. In most banks and payment systems, to open company account online it is first necessary to open a personal account with the same bank or payment system for the company director. This is connected with using one application to manage online banking.
- We prepare documents for online company account opening. Full support for online account opening and form completion, direct consultations and remote expert assistance through TeamViewer / messengers, work with financial monitoring, preparation and review of the KYC/KYB package before submission to the bank, payment support and explanation of the source of funds for the business.
- Company account is open. What next? We support online opening of the companys second account with a European payment system / EMI or a second account with a traditional bank. On request, we support preparation of the initial document package for the company to work with your business: contracts, invoices and specifications taking into account financial monitoring requirements in the country of your bank, correspondent banks and the recipients/senders of funds.
Do you need an IBAN bank account opening for UK company for a UK Ltd or offshore company with a European bank? We will select the best solution for your activity and payment directions, incoming and outgoing turnover, currency, payment purposes and the preferences of your business partners. We recommend using two business bank account opening a main UK Ltd company bank account opening and a backup bank account opening for company to diversify risks and make payments more convenient; usually this is a payment system and a traditional bank.
Ask a question about opening an account onlineWHAT TO DO AFTER Bank account opening for business
Open company bank account is not enough; keeping it working is important.
Bank of Cyprus and a working company bank account opening are already 70% of success. But it is also important to keep the bank account opening for company working for as long as possible. That is how the system works. Sooner or later it will happen. The main thing is that by that time you have managed to achieve the main business goal make a profit. And you will continue working through the second business bank account opening that you opened in advance as a "wallet". If so, you are on the right track. We wish you success in business!