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Opening and keeping a bank account in Cyprus is now a documentation exercise as much as a commercial one.
What a bank asks for is largely what we already prepare: corporate records, ownership structures and source of funds analysis. We talk their language. A request is answered, rather than assembled.
Account opening. Corporate and personal. We identify the appropriate bank, prepare the application and supporting file, and manage the bank's due diligence through to activation.
Supporting documentation. Structure charts, ownership and control documentation, business rationale, and source of funds and source of wealth material in the form banks expect.
Mandates and signatories, including online banking permissions.
Periodic reviews. Banks re-examine existing customers on a cycle. We respond and refresh the file.
Queried, restricted or closed accounts. Where an account has been questioned, restricted or terminated, we prepare the response and deal with the bank directly.
Payment institutions and alternatives, where a conventional banking relationship is not available or not appropriate.
For more information, get in touch with a member of our team today.
