Cyprus Banking Hub

Cyprus corporate banking — every decision in one navigable hub.

Post-merger landscape, EMI vs traditional, regulator authorisations, VAT workflow, AML reporting. From entity setup to ongoing operational banking, all in one hub with deep-link articles + worked guides.

— — Topic navigation

Five clusters — find your specific banking question.

Post-merger landscape (Eurobank-Hellenic)

Eurobank's acquisition of Hellenic Bank completed in 2024-2025 — ~€28bn combined balance sheet, ~50% Cyprus retail-banking market share. KYC harmonised, onboarding standardised, fee schedules updated.

EMI vs traditional bank (the choice)

Wise Business + Revolut Business vs Bank of Cyprus + Eurobank Cyprus + AstroBank — setup time, fees, IBAN type, FX margin, KYC depth, VAT-routing compatibility.

Banking + Regulator authorisations

Cyprus's own banking + payment-services authorisations: EMI, PI, MiFID II investment firm, CASP under MiCA.

VAT + banking workflow

How Cyprus banking interacts with VAT submissions, OSS quarterly returns, IOSS monthly returns. When Cyprus IBAN is essential vs when EMI IBAN suffices.

AML + reporting

Cyprus AML Law 188(I)/2007, UBO Register, CRS / AEoI, FATCA for US persons, DAC8 crypto reporting from 2026.

— EVERYTHING INCLUDED

Engagement pricing from our /pricing schedule.

Cyprus Ltd — Essential / Basic / Business tiers (includes online bank intro from Basic)€799 / €2,499 / €3,699 + VAT
Bank Account — Local Cyprus Bank (introduction, one-time)€1,000 + VAT
Bank Account — Online (Revolut Business introduction, one-time)€350 + VAT
Personal Bank Account — Local Bank (additional person)€300 + VAT
AML Compliance Report (standalone)€400 / yr
UBO Register Update (no changes)€250 + VAT/yr

Full schedule

Full schedule at /pricing/company-registration

Your investment

From €350 + VAT (online) / €1,000 + VAT (local)

Bank-specific onboarding requirements + minimum deposits set by each bank — we coordinate but final bank-side conditions are theirs.

Book your free 30-min scoping call

Our promise

KYC pack ready in a week — or we keep iterating.

We assemble and present a Cyprus-bank-ready KYC pack within 5 working days of receiving your documents. If the bank requests revisions, we iterate without additional fees until the pack is complete.

Reviewed by

Nexora Editorial Standards Board

ICPAC-coordinated · Cyprus Bar partner-firm

Updated May 2026

Engagements coordinated with ICPAC-registered Cyprus tax advisers and Cyprus Bar Association member-firm lawyers. MOKAS-aligned under Cyprus AML Law 188(I)/2007. See our editorial standards and disclaimer.

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