Startupr.hk

Bank of Cyprus

Bank of Cyprus is the largest bank in Cyprus and offers a wide range of services for individuals as well as for companies.  You can open a bank account for your Hong Kong company without a need to travel.

  • The bank has online banking, Credit Card option, multi currency bank account: EUR, USD, GBP, AUD etc.
  • All process from company formation to bank account opening will be online. No need to travel.
  • No application fee and initial deposit requested. Lower charges for transactions within  European Union.
  • Fast open account could be from 15 to 20 working days.
  • The bank account is opened, you will receive the online banking and might apply for the Credit Card as well.

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Fees

  • Bank Application fee: free of charge
  • Monthly Maintenance fees: €50
  • Maintenance fee for all Current accounts with an overdraft: €3-500 (Quarterly charge)
  • Transfers between accounts in same currency: start from €20
  • Outward Payments: Minimum Transfer Commission: 0.2% (Minimum €10)
  • Inward Payments: Minimum€2 + €12 processing fees
  • Sight account low activity fee: €20 (with four or less transactions in a given month. Fee is waived if customer monthly average balance is over €20,000.)

Bank of Cyprus
Eurolife House
4 Evrou Street
2003 Strovolos
Nicosia
Cyprus
http://www.bankofcyprus.com.cy/en-GB/

You can download a free “Bank Account Opening” guide here.