Who can open an account?
Customers who establish their relationship with the bank in mutual trust and respect.
Customers who accept the laws and ethical rules in their relationships with the bank.
Customers who declare the requested information and documentation.
All foreign Free Port Zone Companies whose identification and verification being approved by the Compliance Department.
What is needed to open an account?
Telephone, fax, email and web-site information of your company.
Proof of residence of the directors (or recent electric or water bill in their name)
Specimen of signatures of the company.
Authorized 3rd Party as representative with Power of Attorney which is certified by the notary or apostilled, to conduct transations on the accounts.
A Board of Directors decision with regard to the account opening and delegation of a representative.
Info about the accountant and lawyers that will deal with the company’s local affairs in the TRNC.
An account statement covering the last 6-month of transactions from the bank which will wire the said funds to the account at Asbank (signed and stamped by bank officials), also to be sent in electronic, preferably excel format.
Preliminary info with regard to what type of products will be preferred to use by the client. (current account, checking account, deposit account, international transfers, etc.)
Documentation showing which countries, clients and industries the company normally conducts business with.
