Opening of bank accounts is a long and complex procedure and paper work is a nightmare; It becomes manageable if you refer to the right introducer, suitable bank and provide them with the required information.
Globalserve as a reputable bank introducer can successfully open accounts for its clients to banks as well as Electronic Monetary Institutions (EMI) in Cyprus, Luxembourg, Switzerland, UAE, Bulgaria, UK, Mauritius, Baltic Countries and other jurisdictions, to meet both their commercial transactions needs as well as the placing of their funds with a safe and reputable bank.
But at the same time we offer opening commercial accounts with banks and EMI’s which can offer more competitive prices and can support clients with trade and other credit financing as well as a wide range of financial products.
For the clients who are interested in merchant accounts, portfolio management and placing of funds with top rank bank for security and good returns we can refer them to the suitable banks and financial institutions to meet their requirements.
During the last years the financial system of Cyprus has introduced a lot of changes making easier the access of foreign investors to the Cyprus market and get benefited from the tax and other advantages offered by the Cyprus Financial system. The Cyprus banks are experienced commercial banks which unlike other international banks welcome commercial banking and are efficient and experienced in execution of commercial transactions.
The most important advantage of opening a bank account in Cyprus is that the owner of the company does not need to travel to Cyprus for a personal appointment with the bank and all documents can be submitted to the bank through our bank department. At the same time investors can open bank account in any currency with cards and IBAN numbers without restrictions and can enjoy high quality and fast electronic banking, offering 24/7 online banking services and SWIFT and SEPA international transfers.
Due Diligence procedure and details required from the banks
Before opening a corporate account, all reputable banks need to properly identify the Beneficial Owner(s), User(s) and Signatory(ies) of the account(s) and the below documents must be submitted together with the bank forms:
In case the shareholders are legal entities then additionally to the above, the companies’ statutory documents have to be submitted based on the requirements of the different jurisdictions. The following corporate documents should be certified true copy or apostilled:
In addition, clients need to be able to answer to the below questions:
** If the bank ask further details and clarification client has to cooperate and send all documents and details required.
As face to face meeting is required between banks representatives and potential clients, in case the client is unable to travel to Cyprus they are satisfied to arrange a SKYPE or ZOOM meeting through Globalserve Consultants Ltd.
All information, certificates and other documents and details submitted to the bank are strictly confidential and sharing them to any foreign party or foreign government is strictly prohibited. Globalserve acts under strictly confidentiality rules, GDPR policies and protection technologies for its client’s safety.