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Offshore Bank Accounts
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Offshore Bank Account and Normal Bank Account in Cyprus

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The Bank Account, which is opened in a Bank located outside the country of residence of the Account holder, is called as “ Offshore Bank Account”. Generally an Offshore Bank Account is opened in a low tax jurisdiction or tax heaven that provides financial and legal advantages. In case of a Normal Bank Account, no such facilities are offered. I think the same principle is applied for Opening Bank accounts in Cyprus also
 
Utopia - P2P ecosystem and payments
Offshore Bank Accounts
Utopia - P2P ecosystem and payments
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Offshore Bank Accounts
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