How much time is needed to liquidate an offshore bank account?

[AndrewT]

I know it's very easy to open an offshore bank account in Cyprus. But how much time does it take to liquidate one? Is it equally easy?

 

[JohnLocke]

Actually, most often it doesn't take more than a phone call to the bank to‌ make this happen, at least not with the banks in Cyprus.

 

[Kaseyallan]

Yeah the banks in Cyprus are more likely to take from 1 day to a‌ week.

 

[lavel]

It takes between 1 and 3 weeks to get an account with the major banks‌ in Cyprus. All depends on how fast your moving when required.

 

[riskprocessor]

Normally the liquidation of offshore bank accounts takes a couple of days to about a‌ week. In some cases, it may even take 2 to 3 weeks. So, there is‍ nothing that much to worry about it even if it takes a bit too longer.⁠

 

[JohnLocke]

Agree with riskprocessor.. and as already mentioned, a phone call or fax or postal mail‌ to the bank is all what is required to get the account closed.

 

[vitomerchant]

How much in days it take to open account please?

 

[stuntbiker]

It was‌ used to be only 1 week now it takes months if you at all get‍ approved. Thouse who where luckily enough to get a bank account there should do everything⁠ to keep it.

 

[offshoreoffice]

Why would you "liquidate" a offshore bank account? you can close it, just ask the‌ bank to do and they do it.

 

[Rahul shetty]

i think it could take from 7 to 15 days depending upon the bank requirements.‌ This is roughly estimate

 

[JohnLocke]

Second that it depends very‍ much on how the workload is at the bank and if you provide all documents⁠ right away or if the Agent or Bank has to request documents on several occasions.⁤