Better offshore bank than cyprus bank?

[kalonne]

I need to know if it is better to open offshore bank account than Cyprus bank account?


Can I have Internet banking for the offshore bank account? What about credit card, possible?

 

[JohnLocke]

Well you can look into the banks in Mauritius or St. Kitts for instant... there are plenty of the available, just have in mind that most offshore banks will require a minimum balance to be maintained.

 

[offshorehosting]

I got explained that as long as it isn't a EU entity that opens a bank account in Cyprus you have great level of protection. So Seychelles company would be a good alternative to open a business account in Cyprus... not sure..

 

[phantomoffshore]

I see some are using the banks in St. Vincent, I'm wondering if that's better than Cyprus banking?

 

[JohnLocke]

Well I assume both countries to bank in are OK. What you will want to look at is what your customers prefer to pay to! For instant if you are dealing with lots of payments from your customers a Cyprus / EU bank account may be cheaper, faster and more comfortable for your customers. If you are into some investment business or simply privact banking where you don't depend on customers / clients to pay you it may be no issue at all with a bank account in St. Vincent.