Banks & EMIs in Cyprus
Banks and EMIs offering business accounts, multi-currency IBANs, and payment services for Cyprus companies.
A non-resident can open a Cyprus business account, but EMIs like Wise Business and Revolut Business are usually faster than traditional banks for onboarding and multi-currency. The banks and EMIs below serve Cyprus companies. Compare onboarding speed, deposit protection and services, then apply directly.
Banks & EMIs by city
Browse banks & emis in each Cyprus city, with local pricing, ratings and an expat-focused guide to choosing the right firm.
We analysed 744 English-speaking firms in our directory to map how banks & emis compare with lawyers, tax advisors and formation agents across Cyprus: firm counts by city and average Google rating, city by city.
Cyprus Professional Services 2026: The Data →Bank or EMI for a Cyprus company?
Traditional banks (Bank of Cyprus, Hellenic Bank) offer the full range of services and deposit guarantee up to €100,000, but onboarding can take weeks and requires extensive source-of-funds documentation. EMIs offer multi-currency IBANs and faster onboarding but are not deposit-guaranteed and have limited lending. Many founders open an EMI first to start trading, then add a local bank later.
What you need to open an account
Expect to provide the Certificate of Incorporation, Memorandum and Articles, a UBO declaration, proof of business activity and source-of-funds documentation. Non-residents face more scrutiny than residents, so prepare a clear, documented explanation of your business and money flows before applying.