Our valued sponsor

Cyprus Resident Dividends - need a bank

N

nitehawk

Active Member
May 8, 2018
135
25
28
43
#1
Register now
You must login or register to view hidden content on this page.
I have a friend that has a BVI forex company but lives in Cyprus and has tax residency here. He tried to pay himself a dividend from his BVI company bank account to the Bank of Cyprus but the Bank of Cyprus rejected his payment because it came from a forex company.
Is there any other bank in Cyprus or Europe he could open to receive this dividend? Whats the best way for him to collect his money?
 
#3
Hellenic Bank and Alpha Bank are sometimes more lenient when it comes to this type of income, so try those.

Is the BVI company licensed?

How big is the dividend? If it's over a million or has a chance of reaching a million in recurring dividends inside of a year, RCB might be interested.
 
#5
You want to check with TransferWise, I think they can accept a BVI company and would not ask that many questions depending on the amount. Make sure to have invoices for all transactions.
 
#8
Sols said:
Hellenic Bank and Alpha Bank are sometimes more lenient when it comes to this type of income, so try those.

Is the BVI company licensed?

How big is the dividend? If it's over a million or has a chance of reaching a million in recurring dividends inside of a year, RCB might be interested.
Click to expand...
Its not licensed. Its about 5 million euros over 3 years.
 
#10
Are you sure Paysera will hold this amount? (even if moved splitted)
(not trying to be negative) just have to be ready to show and prove where come from.
Any EMI will require any explanation
 
#11
paysera after a payment of more than 20 k will freak outo_O, use a normal bank , what happend to cim and dukaskopy?
 
Register now
You must login or register to view hidden content on this page.
You must log in or register to reply here.

Forum Announcement

Latest Threads

Offshore Bank Accounts
Top Bottom
Back