Increasing KYC and DD for company formation in Cyprus??

[orangeye]

Do you think with the increasing requirements to get an account approval in Cyprus that it soon will be the same for the company formation there?


And what do you think about the other jurisdictions, offshore, what will happen there?


From the stats at the attached picture it seems they get popular fast.

 

[JohnLocke]

I don't believe this to apply for the company formation at all. The reasons for financial institutions to tighten the KYC is because of presure from EU and the US I assume.

 

[Sany zeth]

i dont think there will be much restrictions in an offshore account.