No. The registration of a Cyprus company itself is a fairly standardized process. On the contrary, opening of a bank account, even for the same newly registered company, is not automatic. The success of the bank account opening does not depend on us. It primarily depends on the owner of the company. The corporate status and structure of the company bears a secondary importance when opening the bank account. The personal and business background of the beneficial owner are most important variables. The main pre-requisite for a successful corporate bank account opening is to provide a clear and logical information to the bank as regards the intended business of the company and the personal background of the beneficial owners of the company, including the legitimate source of his funds. This is something that we can not prepare for the client, only the client himself can come up with this information.
