Eurobank EFG Cyprus Ltd (Cyprus)

Main » Accounts in banks » List of banks » Eurobank EFG Cyprus Ltd (Cyprus)

Eurobank EFG Cyprus Ltd (Cyprus)

Eurobank EFG Cyprus Ltd provides its clients with the most modern innovations in banking sphere, personalized and high-grade services of qualified staff.

Mostly Bank focuses on servicing international business, on corporate and investment banking services, on Private Banking, and on the management of private asset.  Being a key ally of the clients regarding fulfilment of their financial and business goals, the bank offers them high quality services that correspond to modern level, applying flexible individual approach to each client. The recipe of success of the bank Eurobank EFG Cyprus Ltd places on its commitment to the policy of “relationship management”. Bank experts are carefully selected based on their education, level of professional knowledge and experience. Regular courses and seminars, organized by the bank for staff, allow them to improve skills permanently.

The Bank has business centers in Nicosia, Limassol, Larnaca and Paphos. Each client of bank is provided with the personal manager who provides him/his with the access to the full range of banking products.

OPEN AN ACCOUNT IN EUROBANK CYPRUS LTD

Account types

Bank specializes in opening corporate accounts. Accounts for natural persons opens rarely (except Private Banking) and only by prior arrangement with the head office of the bank.

The bank preferably opens accounts for Cypriot companies, but may individually consider other jurisdictions.

To open an account, a mandatory requirement is the physical presence of the company in the country of registration (presence of a real office, employees).

Price of opening the account

(bank tariff )

Opening an account - from 100 EUR.

Account closure - 100-500 EUR.

Representative offices 

The bank has representative offices in a few countries.

Account Management

Via Internet banking software.

Bank Tariffs

Account service:

- for legal entities - 25 EUR (charged on a quarterly basis).

- for individuals (Private Banking) - 25 EUR (charged on a quarterly basis).

 

Incoming payments:

- in the same resolution:

up to 2000 EUR (or equivalent) - 8 EUR;

more than 2000 EUR (or equivalent) - 16 EUR.

- in another resolution or in EUR:

up to 2000 EUR (or equivalent) - 8 EUR + 0.1% (min. 5 EUR, max. 340 EUR);

more than 2,000 euros (or equivalent) - 16 euros + 0.1% (min. 5 euros, max. 340 euros).

Outgoing payments:

- in the same permit, in another permit or in euros:

up to 2000 EUR (or equivalent) - 8 EUR + 0.1% (min. 5 EUR, max. 340 EUR);

more than 2,000 euros (or equivalent) - 16 euros + 0.1% (min. 5 euros, max. 340 euros).

You can familiarize yourself with the bank's tariffs here.

Terms of opening the account 

The procedure of opening starts with the preliminary stage which includes the process of gathering and filing your documents which are required for opening an account. Term of the preliminary stage will depends precisely on the client.

The procedure of consideration the documents and reaching the decision by bank staff regarding opening an account takes from 7 to 10 working days starting from the date when the document and forms are submitted to the main Bank office.

Eurobank EFG Cyprus Ltd 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. Bank may refuse to open the account without further explanation.

Staff

Russian/English – speaking.

Credit/debit cards

 

VISA, MasterCard (only credit).

Additional banking products

 

Deposits, Investments, Brokerage Service, Trust activities, Trade finance, Exchange transactions, Credits.

Documents required for opening an account

Forms for signature are provided by bank manager while in-person meeting.

The documents required for  the company - originals of all company’s statutory documents. In case that from the date of company incorporation has passed more than one year, the Certificate of Good Standing affixed with apostile is required. In addition, it is necessary to provide a detailed description of the company’s activity, indicating the countries of activity, planned account transactions, and the estimated annual turnover.

Documents for the account holder:

- original of national passport;
- original of foreign passport (in case of its presence);
- 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 beneficiary of the company:

- original of national passport;
- original of foreign passport (in case of its presence);
- 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 confirming the source of income (welfare) of the beneficiary. It can be:

- a certificate from the place of work indicating salary and statement of personal account, where payroll is displayed;

- tax returns;

- documents confirming inheritance;

- documents confirming money donation, as well as their availability on accounts;

- documents confirming the  presence/sale of real estate/movable property;

- if the beneficiary is the founder of the company - documents for the company, extracts from company accounts, tax returns, documents confirming the payment of dividends;

- if the beneficiary is a private entrepreneur - extract from the register, tax returns on the entrepreneur, bank statements;

- Certificate of deposit from the bank, as well as documents confirming the source of income;

- other documents that show sources of income.

 
 

 * For residents of Ukraine and Russia, the confirmation of address may be stamp od residential registration in the national passport.

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

- stitching of documents affixed with apostil, which includes copies of: passport, utility bill no older than 3 months; bank reference (if nominal director, shareholder, secretary – natural persons);

- stitching of statutory documents affixed with apostille which includes Certificate of incorporation, Memorandum, Article of Association, Minutes of the director designation, (if director or shareholder – legal entity); also may require documents on this director, which include stitching of documents affixed with apostille: copy of passport, utility bill no older than 3 months and bank reference.

The procedure of opening the account

You need to fill in survey questionnaire, which is emailed on your address and send copies of statutory documents of the Company, documents for the nominees (in case of using nominee service), passport of attorney and beneficiary (if they are different persons). Campio Group will organize meeting attorney/beneficiary with a bank representative for signing the required bank’s forms and certifying documents on the company, beneficiary and attorney.

Webpage

www.eurobankefg.com.cy

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