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Service Information

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Contact Details

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Payment

We are able to assist you with opening business and personal accounts with international banks in Cyprus. Accounts are available for non-residents., however, a physical visit to Cyprus is mandatory for the applications of private and business bank accounts.

Turnaround time: 2-3 weeks for a private bank account and a business bank account

Our fees* for private and business bank account applications include

Service fee
Compliance application fee payable to Banks
Preparation of legal and regulatory documents for bank account opening
Courier Fee
Lifetime Customer Support/business advice/advisory support 24/7
Certified documents as an authorised agent
Complimentary advice on account review ,if any
Complimentary document templates for business
Negotiating with the bank on behalf of clients
Our fees for opening a business bank account are payable when placing an order on our website.

OUR BANK ACCOUNT OPENING STEPS

We will need to receive an order from you.
We get back to you within 24 hours confirming all the required documentation.
We will run due diligence checks with you on your business and any persons associated with the business.
Once all the documents and information have been gathered, we will make an application with the Bank on your behalf.
We will act on your behalf and liaise with the Bank for any queries and/or submit any additional documents on your behalf if needed.
We will act on your interest until the account is up and running.
You will receive all bank details from the Bank.
We provide lifetime client services to you for any queries.

NOTES FOR UNSUCCESSFUL BANK ACCOUNT OPENING

We endeavour to connect you to the right Bank for bank account opening. However, there are circumstances for which the Bank did not approve the application. In this case, we will continue to connect you to the right bank in the same or different jurisdiction, depending on your requirements and how your business portfolio fits the Bank.
If you do not wish to continue after the first refusal, we will then issue you a partial refund, after deducting 15% of the total fee you paid as the administration cost. The refund will be processed within 5 workings once we have received a request from you at customerservice@sindacorporation.com
The above arrangements are in line with our business Terms and Conditions, which can be accessed on ‘Business Terms and Conditions‘.

Cyprus

£4,100.00

The banking sector in Cyprus comprises domestic banks and international banks with Cyprus-based subsidiaries or branches. Beyond the traditional deposit and lending services, banks in Cyprus operate under the universal banking model as they offer a diverse range of products and services. Deposits from customers have traditionally been the main source of funding for banks and that element remains stable for the local banking sector.

All banks adhere to the SEPA direct debits’ scheme, administered by JCC Payment Systems (a national card acquirer).That means having a bank account in Cyprus, either a business bank account or a private bank account, allows you to receive and transfer funds to the EU via the SEPA mandate.

A personal visit to Cyprus is mandatory for all private and business bank accounts.

FAQ

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WHY CHOOSE SINDA CORPORATION ?

As a business services provider to thousands of businesses and individuals, we pride ourselves on being a leader in global trade in many of the industries we are involved in. Our objective is we always put the interest of our clients first, hence we build long term relationships with our clients based on trust, respect and integrity.

WHAT ARE YOUR AREAS OF EXPERTISE ?

At Sinda Corporation we specialise in cross border trade and take care of the whole process, meaning we are able to assist with anything that arises from trading in different countries. Our consultants work with freight forwarders, suppliers, factory owners, designers, immigration agencies, investors, students, universities and NGOs. When you have a problem you can talk to us for a free no-obligation consultation.

HOW CAN YOU HELP MY COMPANY ?

We will try to identify the issues of your company that arise from global trade and rectifies them for you in the long term. Our approach to our clients Is aimed at taking care of the whole trade procedure for them, including assistance with relocation, investment and education in a different country. We as a business services provider, for example, can help a supplier in China export their products to a customer in Europe. We will ensure that your goods can be delivered from door to door in a time given. Moreover, when you intend to open a company overseas, say in Hong Kong, we are able to assist with company incorporation, trademark registration, searching for an office and, in some cases, introducing any potential customers to you.

HOW CAN YOU ENGAGE WITH YOUR CLIENTS LOCALLY ?

We work with many suppliers over the world to ensure that their goods are traded successfully. Hence, we have built a friendship with many of our suppliers in most industries. Simply contact us for what products you’ll need, we will then liaise with the most appropriate supplier for you. Meanwhile, we will take care of all import and export procedures, ultimately assuring that both buyers and sellers are happy with their business.

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