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The Advantages of a Cyprus Bank account?

Welcome aboard tzhico, I do hope you enjoy your stay :)


Cyprus still maintain the banking secrecy which is one of the main reasons for why people choose to bank in Cyprus. This banking secrecy will come into it's full force if the account holder is an non EU entity i.e. Seychelles company, that's why you see so many taking advantage of this package :)


Hope it helps, otherwise feel free to get back.
 
What do you mean by "Banking Secrecy"? Does it mean that the banks will not handover your account details (i.e. the amount of funds in it) if a government of some other country will ask for such information?
 
Exactly, I will find our publication of the still applicable Banking Secrecy in Cyprus within the next 24 hours and post here, in the mean time this may be of your interest;


Offshore Company Forum - Open bank account in Cyprus, personal or corporate?
 
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