Cyprus has a favorable tax system for individuals and businesses, making it an attractive location for offshore banking. Cyprus operates a tax regime of 12.5% for corporate tax and 20% for personal income tax.
Strong Banking System:
The banking system in Cyprus is robust and well-regulated, providing a high level of security for customers’ deposits.
Banks in Cyprus offer a range of currency options, including the euro, US dollar, and British pound, making it easier for customers to manage their finances in different currencies.
Access to International Markets:
Cyprus has a strong network of international banks, providing access to a wide range of financial products and services. This makes it easier for customers to invest in global markets and manage their wealth effectively.
Efficient Banking Services:
Banks in Cyprus offer a range of efficient banking services, including online and mobile banking, making it easier for customers to manage their finances from anywhere in the world.
Personal Bank Account
Steps for the opening a Personal Bank Account:
Requirements for opening a company account: