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...
How over-compliance in the banking sector threatens to kill Cyprus as a business center.
Cypriot banks are under extreme pressure, the last few months, by their regulator, the Central Bank of Cyprus, as regards the opening and operation of bank accounts of companies belonging...
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....
Opening a Merchant Account with a Cyprus company.
A Cyprus company is a European Company. As such a Cyprus company is acceptable by European banks for the opening of merchant accounts provided that certain preconditions are met on...