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Paypal for Cyprus Company?

It depends on who you want to do the registration for you most (this applies also for CCLOGIC) won't accept paypal as a payment for the fee, since it is to risky, I have seen some incorporation services which charge your credit card, however, might be very risky to do so in some cases.
 
bank account is advisable because as fila1 said that PayPal is risky because for higher amount can't just take money for granted. also for further usage you have to open a bank account, so why not before setting up a company?
 

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