What documents does a Cyprus bank ask for to open a company account?
Short answer
The company's certificates from the Registrar and its founding documents, identity and proof of address for every director, signatory and beneficial owner, a description of the business with evidence of it, and, where the risk is higher, proof of where the money comes from.
The Prevention and Suppression of Money Laundering Law of 2007 requires a bank to identify and verify the customer, identify the beneficial owners and understand the ownership and control of the company, understand the purpose and intended nature of the relationship, and monitor the account afterwards, including the origin of funds where needed. A beneficial owner is a natural person who ultimately owns or controls the company; a holding of more than 25% counts as an indication of ownership, and control by other means counts too.
In practice that means the certificates of incorporation, registered office, directors and secretary and shareholders from the Registrar, the Memorandum and Articles of Association, passports and proof of address for the people involved, the business plan or the first contracts and invoices, and statements showing where the money comes from. The Central Bank's directive accepts an electronic utility bill as proof of address and lets the bank ask for financial statements or other financial information to understand the business.
Anyone who acts for the company at the bank has to show that the company authorised them. We assemble the file, check it against the bank's own list and sit with you through the questions.
Sources
Information, not advice. This answer describes the published position as it stands on 15 October 2026. Requirements, fees and processing times set by the authorities change from time to time; the current position is confirmed before any work starts.
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