Cyprus is one of the offshore tax heaven countries wich offers to the no residents more adventages and has a few companies specialises in providing for all your banking and financial requirements .
The Central Bank of Cyprus was established in 1963, shortly after Cyprus gained its independence.
Its Banking Department specialises in providing for all your banking and financial requirements and is the single point of contact for all your banking requests in Cyprus.
Tax Haven Co.Cyprus International Business Companies (IBCs) at low cost, including incorporation, govermet fees, firste year annual fees, registered Agent/office, nominee directors/shareholders, Apostilles....
Currency &/or Gold
There are no foreign exchange control restrictions regarding
the Cyprus pound. However, the import/export of banknotes, currency
and/or gold is subject to the Capital Movement Law. Upon entering or
leaving Cyprus, travellers must declare currency/banknotes and/or gold
whose value is equal to, or in excess of CY£7300, or €12500,
or the equivalent in any other currency.
Credit Institutions and their supervised subsidiary companies are allowed to deal in foreign currency.
Banking
Commercial banks in Cyprus offer a wide range of banking services in
Cyprus pounds, as well as in foreign currencies, and have correspondents
in most major cities around the world. They are also full members of
the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
Commercial banking is based on UK banking law and practice and commercial
banks are supervised by the Central Bank of Cyprus.
Banking hours for the public
September
Monday-Friday 08:15 - 13:00
Monday 15:15 - 16:45
October to April
Monday-Friday 08:30 - 13:00
Monday 15:15 - 16:45
May to August
Monday-Friday 08:15 - 13:00
Banks are closed at weekends and on public holidays and Easter Tuesday. Christmas Eve is a working day for banks.
Banks at Larnaka and Pafos International Airports provide exchange bureaux services on a 24-hour basis. Similar facilities are also available at Lemesos harbour.