Best bank account for a Cyprus Ltd which is a consulting business?

[bountymounty]

Yeah that is what I meant, it worked until 2015 as︆ far as I remember, did a lot of such stuff back then. Sold Seychelles company︇ with CYP account for 650 EUR could sell 30 a week of these packages.

Anyway, okay, so still possible that's good, I will have to refresh my connections in Cyprus︈ to see how they can help.

 

[GPT]

SC IBC with CY bankaccount? That I doubt⁣ will still work .. and I hope to be wrong. Keep us updated!

It’s already⁢ a nightmare to get a CY account for a normal EU entity. This for instance︀ only works when there is active Cashflow and the grander structure originates in CY ie︁ top holding in CY. For standalone activities… I haven’t seen that happening after the financial︂ crisis.

 

[bountymounty]

That's very true, Cyprus banks are extremely selective post-crisis.

Without local substance or a CY‌ based holding structure, getting an account is near impossible.

Have you looked into EMI options‍ or structuring through a CY nominee with active invoicing?