cyprus banking

On a proportional rate to its economy, the banking system in Cyprus is impressive. It is large and widely diversified – even larger than the banking systems in bigger and more developed countries. In 2010, the total assets of the banking system were almost 900% of the GDP. Other countries in the...

It's been a long time since I've been around offshorecorptalk - great place, waow. I am looking for a bank account for our Swedish company that runs Internet trading. To make things a little easier for us, we are thinking of setting up a company with a bank account either in Cyprus or in the...

The Central Bank of Cyprus issued a circular requesting from local banks to review their existing clients and close accounts of companies that are 'Shell Companies'. A 'Shell Company' is a company that fulfils any one of the following criteria: Has no physical presence in its country of...

Banks have to report in compliance with CRS. CRS recognizes 2 types of companies: 1. Active Companies 2. Passive Companies An Active Company is the company that meets any one of the following criteria: (a) Less than 50 percent of the company's gross income for the preceding calendar year...

I hope someone can explain to me why it takes more than 4 weeks to get a simple bank account with the banks in Cyprus? I tried 2 different banks, the application is still pending at both banks!! What is wrong with them, do they don't want more business there or what?

Hi guys, I'm all new but got my bank account in Cyprus today. Does someone know if you can do same day transfer from Cyprus to any IBAN account number?

Using Cyprus Bank Account Opening One thing will be to require people to report foreign bank accounts. In a few states as a way to open a financial institution account below the business name you have to show an Operating Agreement. It is usually safer and simpler to open up a bank account by...

Hi, All new here but happy to have found offshorecorptalkthu&¤# I need to find cyprus bank account opening for my Belize company which I registered last year. Do you know which bank in Cyprus is the very best to open the account, low fees, not too many questions, and fast approval process...

I found this http://www.centralbank.gov.cy/media/pdf/ibpbe_totalflexibility.pdf and it clearly states that Cyprus still holds the banking secrecy. However, I don't understand how this is possible if they have to comply with TIA and other information exchange programs? It's interesting and...

Is Hellenic Bank Cyprus still crap to open an account with? Just wondering because I'm considering to open a new extra account for my business. I'm happy with my other accounts in Cyprus so want to have it all there if possible. EuroPacific Bank account's sucks atm. lot's and lot's of...