International > International Business Unit

The Bank’s International Business Unit caters for the needs of non-resident and international customers, offering a high level of service.

Documentation needed in order to open an account with us:

  • For non-resident individuals
     
    • Valid passport
    • Proof of residential address
    • Bankers reference
    • Residence permit*, issued by the Immigration Dept. of the Ministry of Interior
    • Work permit**, issued by the Ministry of Labour & Social Insurance

* applicable to non EU residents who [intend to] reside in Cyprus
** applicable to non EU residents who [intend to] work in Cyprus

  • For legal entities/limited liability companies:
     
    • Companies registered in Cyprus:
       
      • Certificate of Incorporation
      • Memorandum & Articles of Association
      • Certificate of directors and secretary
      • Certificate of shareholders
      • Certificate of the address of the company’s registered office

       
       
    • Companies registered outside Cyprus.

      All documents mentioned in the section of "Companies registered in Cyprus", .

      True copies of all documents must be certified by consular authorities of Cyprus, Greece or the UK. Alternatively, documentation may be certified by means of ‘Apostille’ process) and the following additional document(s):
      • Copy of the minutes of the first meeting of subscribers (appointing the directors, registered office, company secretary).
      • ‘Certificate of good standing’, (issued by the Registrar of companies or the equivalent competent authority, in the jurisdiction/country of incorporation), confirming legal existence of the company
         

     
    • Notes/Extra documents.
       
      • Photocopies of the passports of the company’s authorised signatories/officers, directors and beneficial owners/shareholders are also required.
      • Bankers’ references will be required regarding the company authorised signatories/officers, directors and beneficial owners/shareholders
      • ‘Trust Deed’ for the appointment of the nominee shareholder (if applicable).
      • Nominees must sign a ‘nominee/trustee indemnity’ (if applicable)

 

Products and services offered to International customers:

     

 

      

 

 

 

   
  • International Transactions
     
    • Customer Transfers
      As a member of the Society for Worldwide Interbank Telecommunications
      (S.W.I. F.T.), we provide our customers with excellent service in international telegraphic customer transfers upon the receipt of written instructions.

      In order to facilitate our overseas customers however, we shall also provide test key codes, with the use of which, fax or telex instructions for transfer of funds may also be received and acted upon without delay.

      Note:
      The data contained in international credit transfers and separately requested express credit transfers, is forwarded to the beneficiary’s banks via the worldwide payment messaging service, the Belgium based, Society for Worldwide Interbank Financial Telecommunication (SWIFT). For system security reasons, SWIFT has operating centres in Europe and the USA and as a result personal data is transferred to the USA. This is a legitimate transfer due to the participation of SWIFT in the Safe Harbour Framework.

      These data may be accessed by the US Authorities pursuant to local applicable laws for the purposes of combating terrorism.
       
    • Forward Contracts
      Forward contracts may be arranged between the customer and the Bank whereby foreign currency may be sold or purchased on a future date and rate of exchange.
Establishing a relationship with us:

If you wish to open an account, or need any further information or assistance, please feel free to contact our International Business Units:

NICOSIA

Location: 12-14 Kennedy Avenue, 1st Floor, 1087 Nicosia, Cyprus
Letters: P.O. Box 28510, CY-2080 Nicosia, Cyprus
Telephone No. (+357) 22 88 37 40
Fax No. (+357) 22 75 43 88
E-Mail:ibu.nicosia@usbbank.com.cy

LIMASSOL

Location: 12 Kolonakiou street, Ayios Athanasios, 4103 Limassol, Cyprus
Telephone No. (+357) 25 31 41 60
Fax No. (+357) 25 31 41 72
E-Mail:ibu.limassol@usbbank.com.cy