What are the benefits of having a Cyprus bank account?
- Thread starter lwhite
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Major benefit is that you can get one in Cyprus while in most other countries it isn't possible at all. There are still countries where citizens can't get a regular bank account so a Cyprus bank account may come handy.
Major benefits of banking in Cyprus are that it is still easy to open an account there even if it get's more complicated every day. They specialized in foreign clients and for that reason they will always be open for new businesses that apply to common laws.
I agree with suzy... it's easy to apply for an account in Cyprus and they are stable.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
The major benefit is that as long as you have a Cyprus bank account you can transfer money online to any other bank in cyprus without going physically to branch
1. Privacy
You can expect a better privacy than normal bank accounts outside Cyprus.
2. Less Tax
Since its one of the commonly called Tax Haven, or those countries with low tax or none at all. You can expect less fees and tax.
You can expect a better privacy than normal bank accounts outside Cyprus.
2. Less Tax
Since its one of the commonly called Tax Haven, or those countries with low tax or none at all. You can expect less fees and tax.
You are correct. I would love to add some more if you dont mind...
3. Secrecy
4. Protection of assets.
5. Reliability.
6. Stable economy and so on...
Exactly and if you consult a tax lawyer or accountant they will learn you a lot more how you best practice use a Cyprus company with bank account!
Come on, some people are not just good in researching so we should help them.
Anyway, as what people have said here, the primary reason why people are applying for an Offshore account is that they are tired of the stupid tax laws by their country and wanted to avoid paying big amount of taxes!
Anyway, as what people have said here, the primary reason why people are applying for an Offshore account is that they are tired of the stupid tax laws by their country and wanted to avoid paying big amount of taxes!
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