OPENING A CORPORATE ACCOUNT IN CYPRUS
For companies registered in the EU, UAE, or Hong Kong, having an account in a reliable European jurisdiction is a fundamental necessity. However, classic banking in Cyprus is often associated with bureaucracy and months of waiting.
We offer an alternative path — opening a business account through Solidgate. This is a financial institution with a Cypriot EMI license that combines strict European regulatory oversight with the flexibility of modern fintech technologies. It is an ideal solution for those who need stable settlements in USD/EUR/GBP without banking delays.
About Solidgate
The company operates under an Electronic Money Institution (EMI) license issued by the Central Bank of Cyprus. A key feature is that Solidgate acts not merely as an intermediary, but as a full-fledged financial institution. Your account details will specify the bank’s name as Solid Processing Limited.
Partnerships with giants such as Alpha Bank (Greece) and LHV (Estonia) ensure the stability and speed of payment processing “under the hood” of the system.
Payment System Capabilities
Who is the Solidgate business account for
Thanks to flexible compliance and no transaction limits, the platform perfectly serves the following sectors:
IT sector and service exporters
Agriculture and commodity exporters
Logistics companies (land and sea transport)
Consumer goods exporters
Any other Low-risk business
Core functionality
Multi-currency accounts: Opening accounts in USD, EUR, and GBP with individual IBANs.
Global payments: Full support for SWIFT and SEPA networks for incoming and outgoing transactions.
Service geography: The platform opens accounts for legal entities registered in the EU, Hong Kong, and the UAE.
Payment automation: Ability to perform both single payments and group payments (batch files).
Advantages of opening an account with this payment service
Flexible compliance
The possibility of preliminary approval for specific company structures and business lines. The team is focused on finding solutions for complex cases.
No limits
The platform does not set strict limits on the volume of incoming or outgoing payments, allowing the business to scale without obstacles.
SWIFT Integration
Direct integration allows for real-time transaction tracking. This is critical if a payment gets “stuck” in correspondent banks.
Personal support
Each client receives support from a sales manager during the onboarding stage, who later hands over the case to a personal account manager.
Optimized onboarding
The entire document submission process takes place online through a convenient form with beneficiary verification via a link.
Step-by-Step account opening algorithm
Stage 1: Preliminary Evaluation (Pre-check) and Consultation
At the first stage, it is necessary to provide basic information about the business:
Name of the legal entity and jurisdiction of registration
Type of activity
Expected average monthly volume of inflows
Planned number of payments and average check of a single transaction.
Stage 2: Agreement of Individual Terms
After analyzing your data, the manager will offer a tariff schedule and service terms that best suit your business objectives. At this stage, you receive final confirmation regarding the possibility of opening an account.
Stage 3: Registration and Document Upload
After agreeing on the terms, you register on the platform via a link, where you need to upload:
Corporate documents: Certificate of Incorporation and an extract from the register.
Beneficiary documents: Passport data and proof of residential address (Proof of Address).
Proof of company address: Lease agreement or utility bills in the name of the legal entity.
Business documents: Examples of invoices or contracts with main counterparties (for both inflows and outflows).
Stage 4: Compliance Review and Activation
After the application is submitted, the verification process begins. During this process, additional clarifying questions may arise. As soon as the compliance department finalizes the review, your account is activated, and you receive full banking details.
Total account opening time: In the absence of complex additional requests and with full readiness of documents — up to 7 business days.
Why you should use our professional support
Registration is 2 times faster
Appointment of a personal manager
Individual analysis of “high risk” cases
Support at all stages