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Cyprus has a well developed banking system, and offshore banking in Cyprus has evolved to meet the needs of companies and entrepreneurs in Cyprus and around the world. Offshore banking in Cyprus is hassle-free due to Healy Consultants' excellent relationship with leading international retail banks in Cyprus. The following information will help you determine whether offshore banking in Cyprus is the optimum solution for your international business:
1.
An ideal way to support your international company is with a Cyprus corporate bank account.
2.
The Cyprus government requests local banks to implement strict 'know your client' procedures at the time of Cyprus corporate bank account or Cyprus brokerage account opening to ensure the capital inflows are legitimate and clean.
3.
As a result of the above, it is challenging for international companies to open a Cyprus corporate bank account. However Healy Consultants will guarantee success and make the process fast and efficient.
4.
Client information typically requested to open a Cyprus corporate bank account or Cyprus brokerage account includes:
  • A detailed business plan with information on and evidence of products and services which forms part of the Cyprus corporate bank account application;
  • Examples of contracts and invoices generated by and for the newly-incorporated company to support the Cyprus corporate bank account application;
  • Recent proof of address of the bank signatories (in English) to accompany the Cyprus corporate bank account application;
  • Passport copies of bank signatories to accompany the Cyprus corporate bank account application;
  • A bank refererence letter for the bank signatories to accompany the Cyprus corporate bank account application.
5.
It takes two weeks for Healy Consultants to prepare a complete Cyprus corporate bank account application/proposal, and then a further two weeks for the bank to review and approval the proposal and provide bank account numbers. The bank will then issue Internet passwords and an ATM card two weeks later. Offshore banking in Hong Kong thus takes approximately four to six weeks to full activate, and includes the time taken to receive a corporate bank account number, ATM card, cheque book, Internet banking PIN numbers and the Internet banking security device.
6.
A Hong Kong brokerage account is another excellent option for international traders. A Hong Kong brokerage account allows clients to trade on the Cyprus and European stock exchanges. Healy Consultants assists them to open a Hong Kong brokerage account with a reputable international bank.
7.
Offshore banking in Cyprus portrays an excellent image to customers and suppliers.
8.
Features of offshore banking in Cyprus include multicurrency accounts and excellent Internet banking facilities.
9.
To support a Cyprus brokerage account, Cyprus has a deep pool of experienced brokers who provide excellent trading support across a range of services.
10.
Some of the services available when setting up a Cyprus brokerage account include:
  • Equities Trading in Cyprus and in the region;
  • Optimal Cash Account;
  • Margin Trading Account;
  • FX and Futures Margin Trading;
  • Securities Borrowing and Lending;
  • IPO Private Placement;
  • Funds and Unit Trusts;
  • Fixed Income Investments;
  • Research products, including daily and weekly updates, company research reports and sector focus reports.
11.
A Cyprus brokerage account may be subject to the following charges:
  • Brokerage Commissions;
  • Data fees;
  • Stock transfer charges;
  • Value-added services such as charges for real-time price quotes and research tools, interest rates for margin loans and management fees for discretionary accounts.
12.
The Cyprus brokerage account offers an easily-navigable Internet trading platform.
13.
When choosing a Cyprus brokerage account, it is important to ensure that the Cyprus brokerage account provider uses advanced security technologies including encryption devices, firewalls, digital certificates and Secure Socket Layer (SSL) measures to protect confidential information.

Contact Us


For more information on offshore banking in Cyprus, email email@healyconsultants.com or telephone us at (+65) 6735 0120.


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                                                                               Setting Up an offshore company                    Offshore Bank Accounts

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