Banking Infrastructure in Cyprus

[mneilson]

Banking facilities are very crucial in setting up a Cypriot offshore company. The financial transactions, security and transparency are the few other decisive factors while choosing an offshore business location.


Cyprus is an important regional investment center and has developed sophisticated international banking facilities to support it. Many major international banks have branches here, together with local commercial banks, and the financial system. The supervision by Central Bank of Cyprus, is robust.

 

[richardm1964]

Banking infrastructure plays an important role while deciding the location of an offshore company. Efficient foreign currency management and control is very crucial for any foreign company. Central Bank of Cyprus is performing that tax efficiently. Of course branches of major international Banks in Cyprus proved that.