Cyprus bank account or offshore bank account, what is best?

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Yeah I need multi currency account USD and EUR and GBP, Internet banking and credit card to withdraw money in ATM.
 
Bank of Cyprus or Piraeus Bank Cyprus works great.. otherwise there is a bank in Mauritius and St. Vincent that works great.
 
What is the bank in Mauritius and St. Vincent? Are they trustworthy? And credible for investment purposes?


Thanks
 
You can trust the bank in Mauritius and St. Vincent. I hold an account with both banks for some years' date=' by now no problems at all everything is working fine.[/quote']
Thank you for sharing your experiance with us.. very helpful actually. I was looking for alternative to cyprus bank, you know, never put all eggs in one basked.
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Actually the majority of bussineses regardless if they are offshore or onshore companies have several bank accounts and even in different countries if they are trading internationally.

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Yeah, we are up for 5 different bank accounts in 5 different offshore banks. No problems at all.
 
If you can get hold of a real offshore banking account like in Mauritius, Belize or Cook Islands or something do so, otherwise a Cyprus bank account may still be a good option if you can get one. Seems they have tighten their policy and the way they approve new accounts and customers.
 
Some banks may require a licensens depending on how you show the business case to them!
 
It is important to understand what business the different banks allow before you apply for an account opening with them. If you get decline at the first time, you won't be able to apply again unless you have a very good explanation.


And for answering your question, BoC has some brief info you may want to read http://www.bankofcyprus.com.cy/en-G...ducts/CHOOSE-A-PRODUCT/Deposits--Investments/


And some stats for your interest:


/IMG/cyprus-bank-account.png

Last edited by a moderator: May 29, 2016
 
Thank for sharing Suzy.. Bank of Cyprus is indeed a stable bank regardless what people say they staid rock solid in the financial markets even today 2015!

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As you see from all my posting I need help. What is best Cyprus bank account or offshore bank account for investment business?
I need to know why you say so and what requirements are there?
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One and the same thing you are asking for. Most often a offshore bank account is total privacy and anonymity. In 2015 it has changed a little you will only have total privacy with very few banks and you need a more complicated setup if you want total banking privacy.
 
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