• Internet banking system – this are bank accounts that are operated online and ensures connectivity of the investors to major world banks. The offshore investors who operate such accounts are therefore able to make any withdrawal or transfer of money to any bank account in the world. There are specialized codes that are provided to help in making the withdrawals possible. The Cyprus bank accounts have a special electronic code called SWIFT and the bank in which the account is opened has an International Banking (IBAN) account number.
• Offshore companies bank accounts – These are bank accounts that are opened while forming an offshore company in Cyprus.
• Independent bank accounts (these are bank accounts with no company formation linkages.)
An individual or a group of people opening bank accounts have different selection to choose from. This is dependable on the terms of agreement in the case of company formation or any investment activity.

What you need to open a bank account in Cyprus

Opening a bank account in Cyprus has been simplified to attract many foreign investors and offshore corporations. This is an added advantage for those opting to open a bank account in one of the established banking system in the European territory. The following are of necessity while opening a Cyprian Bank account:
? Verified/Apostilled copies of Incorporation certificate, Memorandum of understanding and Articles of Declaration and a certificate of good conduct. These provide a legal proof for opening the account and therefore helps curb foreign banking fraud or crime.
? The passport of the account holder(s) must be provided. This provides a proven identify of the individual or the corporate group.
? The residential identity statement. This is a declarative statement from the bank with a residential address of the claimant.
? The account opening standing fee. In Cyprus, the standing charge is EUS 700.00.

However, the procedures involved in opening a Cyprus bank account may differ with the type of account that an individual or group of persons want to open. For instance, the range of fee for opening an online banking (Internet Banking) is EUR 350 (US $450), bank account without any company formation linkages ranges from EUR 350 (US $615) and the offshore bank accounts ranges from EUR 750 (US $1,030). Nevertheless, Cyprus banks operate multi currency accounts which are electronically operated.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and individuals worldwide, no need to visit Cyprus.

For expatriates who travel abroad, an international Cyprus bank account is the best option to go for. These offshore accounts are generally suitable for those who make frequent traveling needs abroad or individuals who may need banking in some particular currencies. The bank accounts are striving to support international lifestyles and are mainly formed with debit cards provisions in different money currencies such as US Dollars, euros and sterling.

Accessing an international Cyprus bank account is possible for 24 hours for all the seven days via internet and telephone means. The management team constitute dedicated, experienced and always available to respond to the needs of the international clients.

Furthermore, the international accounts come with other advantages which include added value benefits, discounted travel and health insurance, free country profiles, lifestyle services and many more stunning deals. You can also get international mortgages using international Cyprus bank accounts. Popular expatriates do get lending deals and holiday destinations.

Opening these offshore international Cyprus bank accounts is not the same for all banks even though the opening process can be done from the countries of origin or residence. To accomplish this, you can use internet, post or local offices of the banks if in case your country has a branch of the bank. Popularity of these international banks has been contributed to by their importance to the many expatriates who need their services as well as the additions of new innovations being made all the time.

One such international banking that provides excellent international bank account services in sterling, euro, and United States dollars is Lloyds TSB. This account is designed and managed to for personalities living, working and banking overseas. The bank allows its customers to access their money from any place in the world, send and receive money internationally, keep their money in one place whenever they may wish to go, enjoy trusted securities and make tax savings. Offshore banking is capable of saving you tax on your interest with regards to your circumstances.

Besides, the bank gives debit cards in your chosen EU currencies, Check books in sterling accounts, whole day phone and internet banking services, low monthly fee of £ 7.50, a minimum balance of £ 1,500 or 1,500 US dollars within the first six weeks after account opening, highly competitive interest rates and upgrades to premier services for people whose balances are over £ 100,000.

To feel supported on the way you mange as well as move your money while in Cyprus plus other great services and discounts, especially those tailored to the expert lifestyle Cyprus bank account is the best place to get all these.

Cyprus Company Formation for clients worldwide
to register a Cyprus Company isn’t any difficult, we have specialized in the Cyprus Company formation and the opening of Cyprus Bank Accounts for businesses and indivudals worldwide, no need to visit Cyprus.