Who can open a bank account in Cyprus?

The Central Bank of Cyprus permits Cypriot and non-Cypriots to open a bank account in Cyprus – however you will need to submit ID and other documents to prove that you are a resident of Cyprus or have a valid reason to open an account in Cyprus.

Opening a personal bank account in Cyprus

The process for opening a personal bank account in Cyprus has changed over the last years. The recent amendment to money laundering laws and regulations, and the direction of the Central Bank of Cyprus, have made the process more demanding, however, anybody having the necessary documents and guidance will not have any issues. The documentation required is set below:

  • Proof of you ID such as your passport
  • Proof of local residency such as a utility bill in your name
  • A credit statement or a reference letter from your previous/current bank

Latest News

Joint statement on the Withdrawal Agreement

Joint statement on the Withdrawal Agreement Joint Committee and Trade and Cooperation Agreement Partnership Council meetings, 24 March 2023 The UK Foreign Secretary James Cleverly and European Commission Vice-President Maroš Šefčovič gave a joint UK-EU statement on...

Attendance Allowance for UK pensioners in Cyprus

Attendance Allowance is a (UK benefit) that is not means tested to help pay for care for the elderly. Attendance Allowance is only available to people who are in receipt of a UK state pension. (There are different allowances for people below state pensionable age)....

Online appointments for immigration……………………

The online platform to make appointments at the immigration department has been taken down and new arrangements will be in place as of Monday, Interior Minister Constantinos Ioannou said on Sunday. Please read here for more information 

Help Desk

Do you need advice on matters relating to living, working or retiring in Cyprus?

Whether you already live on island or plan to move out to Cyprus, the Cyprus Residents Planning Group can help navigate you through the visa and residency permit procedures.