Hellenic Bank Public Company Ltd

Account Opening

For Individuals and Companies

The International Banking Division at Hellenic Bank offers customers the option to open a company or an individual account in Cyprus, by applying directly to the Bank or through a Corporate Services provider in Cyprus. 

 

The documents need to be in original form unless Apostilles are permitted. For a comprehensive list of requirements, please contact any of our IBCs or a local Corporate Services provider.

 

 


Account Opening

NON-RESIDENT INDIVIDUALS

Non-resident individuals are required to provide all necessary information regarding Know Your Customer (KYC) and Anti Money Laundering (AML) including:

 

  • Valid passport
  • Bank reference
  • Proof of residential address
  • Anticipated account turnovers
  • Why the account is needed

 

 

COMPANIES

 

Companies registered in Cyprus

Companies registered in Cyprus are required to provide all necessary information regarding Know Your Customer (KYC) and Anti Money Laundering (AML) including:

 

  • Certificate of incorporation/registration
  • Memorandum and Articles of Association
  • Certificates of Directors and Secretary
  • Certificate of Shareholders
  • Certificate of the address of the company's registered office
  • Official structure of the group/ownership leading to the ultimate beneficial owner

 

Companies registered at other jurisdictions

 

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.

 

Company Information

 

  • The company's line of business and the approximate yearly turnover must be stated.
  • A proof of the source of wealth (e.g. ultimate beneficial owner)
  • The anticipated sources of funds to the company's bank account (counterparties and countries), as well as the anticipated destinations for payments (counterparties and countries).

 

Notes and additional documents for opening a company account

 

  • Directors'  and UBOs passports as well as bank signatories' passports are required.
  • In case of a nominee company structure, proper documentation needed to reach ultimate beneficial owner (physical person) are required.

 

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Note: The Bank solely reserves the right to accept or reject any prospective client (Non-Resident Individual or Company) subject to the Bank's acceptance policy requirements. All conditions for opening either a Non-Resident Individual or Company account are subject to change at any time at the sole discretion of the Bank.





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