Current developments in the Cyprus Banking sector.
As at July 2019. I am publishing this article as additional guidance to our clients that operate a bank account through a company in Cyprus or wish to open a...
The Central Bank of Cyprus proposes new definition on shell companies.
The Central of Cyprus (CBC) informed last week the commercial banks of the island that it will amend the Anti Money Laundering Directive to include a new definition of shell companies....
The rights of borrowers
In an interview to journalist Christodoulos Christodoulou (CYBC 2, Biz-Εμείς, 09/05/2014), Christophoros Christophi explains the rights of consumers that made loans from commercial banks in view of the haircut and...
Loans in foreign currency and borrower’s rights.
Many Cypriots in the past decade have made loans in foreign currency especially in Swiss francs. At the time, borrowing money in Swiss francs was cheaper than making a loan...
Bank account opening in Cyprus
Opening a bank account with a Cyprus bank is a pretty straightforward procedure provided certain minimum requirements are met. Choosing a professional intermediary. An application for a bank account must...