Bank Account Opening with RCB Bank in Cyprus

International Corporate bank account with free e-banking facilities for managing your daily business banking needs or saving purposes with RCB Bank in Cyprus.

Please note: If your company is registered outside of Cyprus, you will need to provide a full set apostilled company documents for the account opening procedure.

PACKAGE SERVICES

Corporate account opening with e-banking facilities

  • Assistance with establishing of corporate account.
  • Verifying your personal and corporate documentation
  • Completion of the bank forms which will be forwarded to you for signing with relevant instructions
  • Sending the full package to the bank for approval
  • Monitoring the account opening process until account allocation and banking package is received

We consider our service completed once you obtain the bank account number. Due to the bank-customer relationship, we will no longer be able to contact the bank on your behalf after the bank account is opened.
$ 600
BANK PRODUCTS & SERVICES

Visa Gold Debit Card

Assistance with obtaining of one Visa Gold Debit card.
$100 $ 0

Payment methods

TOTAL: $ 600

Facts & Info for RCB Bank :

About the Bank

RCB Bank, previously known as Russian Commercial Bank, was established in Cyprus in the year 1995. The bank has offices in the UK, Russia and Luxembourg and has become a leading financial institution in the EU. The bank’s success comprises of first class services and its client orientated approach.

RCB bank has more than 20 years of banking experience and offers classic banking services as well as brokerage services, custodian services and online banking facilities.

In 2016, RCB bank was awarded for its contribution to society by receiving the Social Contribution award. The bank also won the CIBA (Cyprus International Business Association) Business award for excellence in 2015.

Facilities

WHAT RCB BANK OFFERS:
  • Personal and Corporate accounts
  • Internet banking
  • Telephone Banking
  • SMS Notice Service
  • Fixed Term deposits
  • Credit and Debit Cards
  • Custodian Services
  • Brokerage Services
  • Customer support in English, Russian and Greek

  • BANK TARIFFS AND CHARGES

    RCB Bank Cyprus can be considered as a medium-cost bank with respect to incoming/outgoing payments and account maintenance. The fee for incoming payments is Nil. For outgoing payments,the fee will be between EUR 35 - EUR 250. Outward SEPA transfers will be between EUR 5-10. There is no charge for online banking.The annual account maintenance fee for corporate clients is EUR 200 (charged EUR 50 per quarter).

  • PLEASE NOTE: The bank tariffs may change at anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.
  • The STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.

Requirements

REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH RCB BANK
  • Personal Presence is required
  • No Initial deposit and minimum balance required.
  • Only Cyprus companies are accepted for account opening that must have offices & staff in Cyprus and meet the minimum turnover of EUR 50 million.
  • Account opening time-frame. The account will be activated within 3 business days upon receipt by the bank of all duly completed forms and relevant information.
    DOCUMENTS REQUIRED
    For the Company:
    A set of legalized company documents consisting of:
    • Certificate of Incorporation
    • Memorandum and Articles of Associations
    • Documents confirming the appointment of company directors and secretary (if any)
    • document confirming the location of the registered office
    • Share Certificate(s)
    • Certificate of Good Standing if the company is more than 12 months old
    • Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
    • Valid License (if applicable)

    For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
    • Notarized copy of valid passport.
      The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
    • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
    • Original or notarized copy of Banker's reference letter, dated within 3 months
    • Power of Attorney (where applicable)
    • Personal CV

    For each corporate officer (Where the company directors or shareholders are legal entities), please provide:
    A set of legalized company documents consisting of:
    • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
    • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
    • Copy of the Corporate Structure.
    • Certificate of Good Standing.
    PLEASE NOTE:

    Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.
    IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

    If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

    Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

    Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.
    SHIPPING COST
    Shipping of banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction where the bank is based as well as your destination country.

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