Unlimint (Cyprus)

Main » Accounts in banks » List of banks » Unlimint (Cyprus)

Unlimint (Cyprus)

Unlimint (CardPay) is a licensed European financial company focused on e-commerce. The company was established in 2009 to improve and develop the Internet business. The main directions work are IT, the Internet (e-commerce), and innovation.

The company is a member of MasterCard, Visa and UnionPay International.

The main services offered by payment system are: receiving and processing online payments, issuing payment cards, as well as providing corporate accounts for money management.

In November 2020, CardPay updated the company's brand on Unlimint.

OPEN AN ACCOUNT IN UNLIMINT

Types of bank accounts

Corporate accounts for activities in the field of IT, e-commerce, innovation.

Personal accounts for individuals who have corporate accounts with payment system.

The Bank does not open accounts for offshore companies and partnerships.

The cost of opening of the account

(bank tariff)

Opening a current account for a legal entity - 350 EUR.

Opening an account for an individual non-resident of Cyprus - 250 EUR.

 

Expedited account opening for legal entities (within 1 business day from the receipt of all necessary documents by the company's head office) - 700 EUR.

 

Expedited account opening for individuals (within 1 business day from the receipt of all necessary documents by the company's head office) - 400 EUR.

 

Connecting to Internet banking is free.

Representative offices 

None.

Management of the account

Via Internetbank software (iBank).

Bank’s tariffs

Account service:

- for legal entities - 20 EUR/month;

- for individuals - 30 EUR/month.

 

Serving an “inactive" account (for which operations are not carried out for 4 months):

- for legal entities - 30 EUR/month;

- for individuals - 40 EUR/month.

 

Internet banking service - 5 EUR/month.

Closing an account for legal entities - 100 EUR.

 

Transfers inside CardPay:

- between accounts of one client - free of charge;

- to the accounts of other clients - 5 EUR.

 

More details about the tariffs can be found here.[p1] 

Detailed tariffs for non-resident individuals by reference.

Terms of opening the account 

The procedure of opening the account starts with the preliminary stage, which includes the process of gathering and submitting documents required for opening an account. Term of the preliminary stage will depend precisely on you.

Stage review of the documents by payment system and the decision to open an account takes about 5 working days starting from the date when all documents and forms are submitted to the main Bank, as well as customer identification by a company representative.

Unlimint follows the «know your client» principle and therefore you may be requested to provide any additional information or documents concerning the procedure of opening the account that may take additional time, as well as refusing of account opening without reasons explanation.

Staff

Russian/English speaking.

Credit/debit cards

Visa, MasterСard.

Documents for opening an account

Forms for signing are provided during client’s identification by payment system’s representative. The method of identification is discussed individually. This may be: a visit to Cyprus as well as the arrival of a payment system’s representative in Ukraine.

Documents must be provided in the original or in the form of notarized copies. Depending on the jurisdiction of the company, Unlimint may ask you to apostill documents.

Company’s documents – originals of all company’s statutory documents shall be provided.

In case from the date of the company’s incorporation more than one year, has passed it is required to provide:

- the Certificate of Good Standing affixed with apostille;

- the Certificate of Incumbency affixed with apostille;

-  documents confirming the activities of the company:

business plan (a detailed description of business activities in English);

statements from an account opened with another bank;

letters of recommendation;

examples of invoices;

examples of service contracts/agreements;

organizational structure of the company;

diagram (description of outgoing and incoming payments).

 

Documents for the account holder:

- original of national passport;

- original of foreign passport (in case of its presence);

- original of identification code (taxpayer number);

- curriculum vitae;

- original of bank reference;

- utility bill (for gas, electricity) from the place of residence no older than 3 months (to prove the place of residence).

 

Documents for the beneficiary:

- original of national passport;

- original of foreign passport (in case of its presence);

- original of identification code (taxpayer number);

- curriculum vitae;

- original of bank reference;

- utility bill (for gas, electricity) from the place of residence no older than 3 months (to prove the place of residence);

- lease agreement for the office of the beneficiary's resident business.

 

Documents for nominal director, shareholder and secretary (in case of using nominal service by company):

- copy of the passport (if nominal director, shareholder and secretary are natural persons);

- copies of Certificate of Incorporation with apostille, Memorandum and Article of Association with apostille, Minutes of the director designation with apostille (if director, shareholder and secretary are legal entities);

In case that from the date of company incorporation has passed more than one year, the Certificate of Good Standing with apostil is required.

The procedure of opening an account

Before the procedure, you should visit our office for filling in the questionnaire and for preliminary check of the documents related to the company, attorney (account holder) and beneficiary. If the Card Pay’s decision regarding account opening is positive, the method and place of identification of the attorney and beneficiary of the company, as well as the signing of forms for opening an account, will be agreed.

 

For further consultation concerning the terms of account opening in Unlimint  Cyprus please contact our office. We will respond to any questions you may have and will help you open an account in Unlimint or any other bank out of 70 foreign banks you may choose from.