Current account opening for corp.clients

Account opening

Opening of corporate bank accounts takes place within several business days following submission and approval of the full set of documents as required by the bank.

In order to proceed with the opening of an account you will need to personally visit Fibank Cyprus, or apply through a local Corporate Service provider. Should you be using the services of a licensed provider in Cyprus then you will need to make available the company directors, signatories and ultimate beneficial owners entitled to 25% or more of the total shares for a personal meeting at our branches in Cyprus. In case that the ultimate beneficial owners are not involved in the account operation, then we can alternatively perform a remote meeting through Skype.

To arrange a personal meeting, please fill in this account-opening-questionnaire (click to download). You can then send us the form along with the requested documents via admin@fibank.com.cy or attach it via our contact form.

Documents required for account opening (provided either in original or certified true copies by a Professional Intermediary):

Companies registered in Cyprus

• Certificate of Incorporation / Registration
• Certificates of Directors & Secretary, Shareholders, Registered Office
• Memorandum and Articles of Association
• Ownership/group structure leading to the beneficial owner (diagrammatical or otherwise)
• Financial Statements for the latest financial year or Management Accounts going one year back till date

Companies registered at other jurisdictions

For companies incorporated outside Cyprus, the information concerning the Apostille, legalization and notary certification of the company documents, is accepted and analyzed on the individual basis depending on the jurisdiction.

Since each jurisdiction maintains different incorporation documents, it is required that each interested party presents:

• Incorporation documents issued by competent authorities in the country of registration, establishing the management and shareholding structure of the company.
• Documents identifying ultimate beneficial owner(s), physical person(s) as well as an updated certificate of good standing.

Additional documents for opening a company account

Director/Account Signatory/UBO will be required to provide the below:

• Valid passport/identity card bearing signature and photo
• Proof of the applicant's permanent residential address e.g. utility bill, a telephone/internet local line bill, a local authority tax bill, house insurance and an original statement of bank account only (not older than three months). For citizens of Russia or the Ukraine, the registered address which appears on the passport would be accepted as evidence of address provided that this address is the permanent residential address.

According to our “Know Your Customer” policy as well as the relevant European and International regulations, you will be requested to provide documentation on the origin of the funds as well as supporting documentation of the declared nature of your business and account transactions. For example, a description of products or services your company provides, of key customers & suppliers, the actual place of business operations, or related financial documentation. Failure to provide this information may result in rejection of your account application.

Note: Fibank Cyprus preserves its legal right to decline an application/business relationship for legal, regulatory or any other reason at any time without the need/obligation to justify its decision to decline.