Open Your Corporate Account with Ease—EMIs and Traditional Banks in Cyprus
Corporate Bank Account Setup in Cyprus – Traditional Banks & EMIs
Setting up a corporate bank account in Cyprus can be complex, as both traditional banks and Electronic Money Institutions (EMIs) now require businesses to demonstrate economic substance—a local corporate presence that includes office space, active operations, and management.
At Doviandi, we streamline the process by helping you:
Open EMI accounts—faster, flexible, and ideal for international businesses.
Set up traditional bank accounts with Cyprus’s leading banks, Bank of Cyprus, Hellenic Bank, & Eurobank Cyprus.
Meet substance requirements with custom corporate solutions, office leasing, admin support, and local directors.
Act as bank signatories to manage day-to-day account operations efficiently.
Whether you choose an EMI or traditional banking, we ensure your business is compliant and ready to operate smoothly.
Why EMIs Are the Preferred Choice
Electronic Money Institutions (EMIs) offer a fast and practical alternative to traditional banking, covering all your international business needs:
Quick Setup
Accounts opened in days, often remotely.
Multi-Currency Support
Manage EUR, USD, GBP, and more.
User-Friendly
Advanced online banking and corporate debit cards.
Flexible Transactions
Seamless international payments.
Traditional Bank Accounts in Cyprus
For businesses requiring traditional banking, we help you meet the necessary substance criteria to open accounts with:
Traditional Bank
- Bank of Cyprus
- Hellenic Bank
- Eurobank Cyprus
We assist with:
- Preparing all required documentation.
- Demonstrating corporate substance (physical office, local personnel, directors).
- Acting as bank signatories to streamline operations.
How We Help
1. EMI or Bank Account Selection
We assess your needs and recommend the most suitable option.
2. Legal and Administrative Preparation
We establish the corporate presence needed to meet banking requirements, including, Office leasing, Local directors or employees, Administrative and management support.
3. Documentation & Account Setup
We handle all paperwork, liaise with financial institutions, and manage the account opening process from start to finish.
4. Ongoing Support
As bank signatories, we can assist with managing daily transactions, ensuring smooth account operations.
FAQs About Company Re-Domiciliation
1. Why is corporate substance required?
Substance proves that your business has a legitimate local presence, satisfying compliance and AML regulations.
2. Are EMIs better than traditional banks?
For most businesses, EMIs offer faster setup, flexible international transactions, and multi-currency accounts.
3. What documents are needed to open an account?
Company incorporation documents, shareholder and director identification, business profile, and proof of substance in Cyprus.
4. How long does it take to open an account?
- EMIs: Typically 3–5 days.
- Traditional Banks: Up to 3–4 weeks, depending on compliance checks.
5. Can accounts be opened remotely?
Yes, EMI accounts can often be opened remotely. Traditional banks may require in-person verification.
6. What is a bank signatory?
We can act as authorized signatories to manage your corporate account, handling payments, transfers, and compliance needs.
Get Bank Account Opening Assistance!
Need help opening a bank account? We make the process quick and easy, guiding you through every step. Contact us today for a smooth banking experience!
