Yes, foreigners can open a business bank account in Cyprus fairly easily, either with or without a locally registered entity. However, requirements and procedures may vary among banks and so do their fees. It is recommended to contact the chosen bank directly for accurate information and guidance.
Your Business Account in Cyprus 🇨🇾
Open a business account to operate in Cyprus with or without local presence. Get multicurrency IBAN to manage EUR, USD, GBP and other currencies just like local companies do.
Open accountA single solution to bank overseas
Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.
Within Cyprus 🇨🇾
The rest of the world 🌍
Our API services include
How to send money to Cyprus 🇨🇾 with MultiPass
Convert your currency to EUR
Save on FX vs traditional banks. Hold EUR in your account and avoid unnecessary conversions
Choose recipient in Cyprus
Make a payment to their local account details
From 0 GBP per payment
Payment delivery up to 5x faster than SWIFT
Pricing
from 500 GBP
Account opening
from 100 GBP/month
Account maintenance
Free
IBAN + local UK, US details issuing
Please note that pricing may vary from case to case. For more information, visit the pricing page.
Get paid in EU like a local
2 EUR
Share your new account details with your customers in the EU, allowing them to pay you as easily as they would a local company.
Pay overseas staff cheaper & faster
from 10 EUR
Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.
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Your questions, answered
Can a foreigner open a business bank account in Cyprus?
How do I set up a business bank account in Cyprus as a non-resident?
How do I open a corporate bank account in Cyprus?
How much does it cost to open a business bank account in Cyprus?
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