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Who can be a client of PrivatBank Cyprus

Cyprus branch has the right to provide service to:

  • non-residents (individuals and legal entities)
  • residents of Ukraine granted an individual license of the National Bank of Ukraine for opening accounts in PrivatBank Cyprus;
  • Ukrainian residents (individuals) who have received temporary residence permits (employment) in Cyprus in currencies other than Ukrainian UAH.

PrivatBank Cyprus is a reliable and convenient system of settlements with your foreign partners

If you are already working in international market, or just planning to implement foreign economic interests of your company, PrivatBank Cyprus provides you with a reliable and convenient system of settlements with your contractors.

PrivatBank Cyprus provides you with:

  • consultation on registration of companies with different jurisdictions;
  • service for opening and maintaining current accounts;
  • competitive deposit interest rates;
  • preferential payments with PrivatBank Ukraine, PrivatBank Italy, PrivatBank Portugal, PrivatBank Latvia, PrivatBank Georgia;
  • emergency money transfers with more than 100 countries around the world during 10 minutes;
  • support in the performance of your obligations - overdraft lending (by prior agreement with the Bank);
  • documentary and guarantee operations - import and export documentary credits, documentary collections, bank guarantees;
  • international plastic cards - debit and credit at competitive rates, in USD and EUR;
  • optimization of financial flows in the provision of employees and trustees of foreign companies funds to cover the travel and entertainment expenses arising in the process of expanding the scope of business, attracting of new customers, as well as payment of material compensation to employees of foreign companies located in various countries, including Ukraine;
  • specialized banking services "Marine" for crewing and shipping companies;
  • modern technology for providing timely information for the flow of funds on the accounts;
  • foreign exchange transactions in all major currencies (except the Ukrainian UAH);
  • efficiency, confidentiality services in accordance with European standards.

Corporative documents:

  1. Memorandum and Articles of Association
  2. Certificate of Incorporation
  3. Certificate of registered office
  4. Certificate of Directors and Secretary
  5. Certificate of Shareholders, Shares
  6. Deed of Trust between nominal shareholder and beneficial owner
  7. Appointment of Bankers or Power of Attorney
  8. Passports Exemplification of the company director, secretary, shareholder, beneficial owner and the person authorized to manage account signatories.
  9. Bank Reference for Authorized signatories and Beneficiary Owner
  10. The document that confirms inhabitation of the Beneficiary Owner, the authorized signatories, the shareholder
  11. The document, that confirms the present company status (Good Standing) for companies which are older than 1 year
  12. Bank reference to the company where the company has open accounts

For a better understanding of the activity of the client, the bank should obtain a copy of its latest audited financial statement or a copy of its latest management accounts.

This documents packet is general and in each concrete case it can be affixed or curtailed.

Preparing of documents

All documents, submitted to the bank must be in original, in English or translated into English. Copy of passport of authorized signatory and beneficial owner must be attested by authorized officer of PrivatBank.

Copies must also bear original signature of the passport holder. Copy of passport of shareholder must be attested by authorized officer of PrivatBank or has to be certified by Notary Public and apostilled.

Копия паспорта акционера должна быть заверена уполномоченным сотрудником ПриватБанка или нотариально заверенная и апостилированная.

Copy of passport of director and secretary don't need to be certified. In cases when nominee shareholder is a company, following documents should be provided to the bank: certificates of incorporation, registered office, directors and secretary, shareholders, shares, passports copy of the company director, secretary, shareholder. These documents has to be attested by authorized officer of PrivatBank or has to be certified by Notary Public and apostilled.

In case when the director and/or secretary of the company is another company following documents should be provided to the bank:

  • certificate of incorporation
  • certificate of directors
  • copy of passport of director/directors

These documents has to be certified by the director of the company. Bank Reference for Authorised Signatures and Beneficiary Owner must be issued by client’s attendant bank. The Bank references are acceptable from the banks included in BANKERS Almanac, 2010.

The document that confirms inhabitation of the Shareholder, the Beneficiary Owner, the authorised signatures are:

  • The original bill (utility bill) of municipal services (up to 6 months)
  • Original bank statement (up to 6 months)
  • Address confirmed by a bank (up to 6 months)

Service fees


Product Charges
Opening an account USD 50 + postal expenses
Monthly charges for maintaining of an account (maintaining + Bank-Client system) USD 20*
Issue of bank statement for current account Free of charges

* The monthly fee for maintaining of an account will not be charged from the accounts with the balance less than USD 20 on condition that the flow of funds on them are not carried out within 1 month.