Cyprus Offshore Bank Account
Did you ever wanted to put your money in an offshore bank account? I think we all thought, at one time or another, about this possibility.
At the beginning, offshore bank accounts have been available only for the wealthy individuals and multi-national corporations, but this day is different.
There are obvious advantages to put a portion of your money in an offshore bank account.
The tax benefits are the most important reason to go offshore. The tax haven status and secrecy provisions are the qualities that makes any Offshore Country proud of it, because in most of the cases you are invited to invest your money there, not just deposit it.
There are many countries where you could open an offshore bank account, but one of the most prestigious is Cyprus but you could choose Belize, BVI, Seychelles, Malta or Singapore too.
Click Here To Open Your Cyprus Offshore Bank Account
In order to apply for your offshore bank account you will need:
- Phone or Electricity bill (or any other utility bill)
- Copy of passport for the Cyprus Bank – Reference letter from an lawyer, bank or certified accountant
You will have internet banking access to your account.
Banks are subject to the usual bank/customer confidentiality practices. In addition, in Cyprus, the International Companies Act contains secrecy provisions. These provisions mean that all parties, including banks, are not allowed to release information to third parties (including a bank’s head office) without either the customer’s permission or a valid Cyprus court order.
The Personal and the Corporate offshore bank accounts can benefit of foreign exchange trading facilities on a margin basis.
The costs are very low to open an Offshore bank account in Cyprus, the bank account opening fee is only: EURO 450 at this time for opening a bank account without company formation.
With the Internet Banking system for your Cyprus Bank Account you are able to withdraw money and make International Wire Transfers to any Bank Account worldwide, the bank account has a IBAN account number and the Cyprus bank a SWIFT code.
Your Cyprus Bank Account can be hold in the following currencies: USD, EUR, GBP, CYP
You can open a Cyprus bank account without to have a Cyprus company and it takes typically 2 days for the bank to open your account and to be operational. Only you will have access to the bank account in Cyprus!
The bank offers multi currency accounts and investment accounts, which beside the Internet banking platform also can be managed by phone and fax.
Optional for your Cyprus Bank Account you can get a Visa or Mastercard Gold Card, Visa Credit Card, Visa Electron Debit Card, IBAN, Bank Account number, Online Banking – e-Banking, Multi Currency (EUR,USD,GBP,CYP).
Click Here To Open Your Cyprus Offshore Bank Account
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My name is Chris V. and I’m the main author here on the new online magazine – Money Debate.
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