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.
Steps for the opening a Personal Bank Account:
Requirements for opening a company account:
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