Steps and timeline
- 11 day
Choose a provider
Check the firm in the Central Bank of Cyprus registers: authorised by the Central Bank, or by an EU regulator and notified for Cyprus.
- 21–3 days
Open an account
With ID checks.
- 3days
Transfer
Spot or forward.
Who does what
What you do
- Share your situation and goals
- Collect documents from home
- Agree the scope of work in writing
What we do
- Check the requirements for your case
- Prepare the documents and file the application
- Follow up until the decision
Your coordinator
- Plans the work and next steps
- Keeps one timeline for everything
- Reminds you of renewals and deadlines
Common mistakes
- Using a firm authorised only outside the EU, for example only in the UK: such firms are not in the Central Bank of Cyprus registers.
- Checking that a firm has an EU licence but not that it is registered to serve clients in Cyprus.
- Looking in one register only: payment institutions and e-money institutions are listed separately.
What affects the cost
The price depends on your situation. We explain the scope and expected costs before work begins.
Questions
Is it safe to use a currency transfer company in Cyprus?
Use firms licensed by the Central Bank of Cyprus or an EU regulator and listed in the Central Bank's registers.
How do I check if a money transfer company is licensed in Cyprus?
Search the Central Bank of Cyprus registers. They list payment and e-money institutions authorised in Cyprus, with their agents and branches, and EU firms that serve clients here.
Can a UK-licensed firm transfer my money in Cyprus?
The registers cover only Central Bank of Cyprus and EU authorisations, so a UK-only licence will not appear there. Choose a firm that is listed.
Where can I report an unlicensed money transfer firm?
The Central Bank of Cyprus registers page has a channel for reporting an alleged infringement.
Sources
Figures checked 22 October 2026. Rules change: we confirm them for your case before you act.