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Simple Guide in Opening a Cyprus Bank Account

JohnLocke

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Cyprus Bank Account Aside from starting an offshore company in Cyprus, company owners can also open their Cyprus bank account which can help them in protecting their assets most especially from creditors or those who would like to question about their properties.Through the help of modern technology, internet banking is now possible and company owners can now access their bank accounts even if they are not at the country where their bank is. Aside from that, company owners who would like to open a bank account anonymously can also do that in Cyprus; thus, protecting their privacy.Company owners who have established their offshore companies in Cyprus can protect their assets as well as their shares by opening a bank account in Cyprus.Apart from internet banking, phone banking and fax banking is also possible. Withdrawing funds is as easy as making a phone call. Accounts with multiple currencies are also possible depending on your choice.However, internet banking is still preferred because it is easy to make international wire transfers to any bank account in around the world.

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On the other hand, those who do not own any offshore companies in Cyprus can still be able to open an offshore account. Opening an offshore bank account in Cyprus won’t take time and usually, in a span of two days, the bank account will already be operational.If you would like to open your bank account in Cyprus, all you need to do is to present documents such as a copy of your passport, a bank reference letter, and an electric bill which states the address of your residence. The bank reference letter can be obtained through your current bank or through your accountant or lawyer.For those who would like to open corporate accounts, the company or incorporation documents are required.There are numerous agencies that can help you in opening an offshore bank account in Cyprus. You can also choose Visa credit card, Visa Electron debit card, and Visa or Mastercard Gold Card to be included in your offshore bank account.You don’t need to apply personally because it can be done online. Opening a bank account in Cyprus is very convenient. Company owners who have established their offshore companies and opened offshore bank accounts in Cyprus find it very useful in running their business./monthly_2016_03/Offshore_Company_Formation.jpg.5d936030aaef9e00ec81e7a72e0fbdfe.jpg
 
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Great share OP! What is a offshore company formation without a Cyprus bank account of for that sake an bank account in general.
Exactly you need banking or any other type of payment option for your customers.