Finance & Forex

Banking in Cyprus for Expats in 2026: How to Open an Account, Which Bank to Choose and What to Expect

Opening a bank account in Cyprus is rated medium difficulty for foreign nationals — not because the law is restrictive, but because KYC and AML compliance requirements mean the process is document-intensive and can take longer than expected. Here is a practical guide to Cyprus’s main banks, what documents you need, and how to avoid the most common rejection triggers.