Advantages of banking with the Cyprus Bank

Being the competent member of the European Union since the 1st of May 2004 the Republic of Cyprus offers you and your foreign partners the lowest tax rates in Europe.

Being the recognized international financial center with a number of double tax treaties, Cyprus offers a brilliant legal and economic infrastructure and a lot of other advantages.

Cyprus satisfies all your expectations and plans concerning the international tax planning.

Having a vast experience to serve foreign companies the specialists of the Cyprus Bank will explain you the advantages of the office and/or running an international business in Cyprus and assist in any question.

Having the correspondent accounts in order to speed up payments the Cyprus Bank has direct correspondent accounts in US dollars in Deutsche Bank Trust Co. Americas, New York, in Euro in Deutsche Bank AG, Frankfurt am Main and in pound sterling - in Deutsche Bank AG, London.

Payments are effected during a banking day.

The working day may be prolonged.

Intersystem payments, including transfers to other banks are effected at reduced tariff.

The Cyprus Banks offers its customers a possibility of payments with their partners in convertible currencies – Euro, GBP, JPY, Russian ruble, Belarusian ruble, Moldavian leu, Kazakh tenge and conversion of these currencies.

The Cyprus Bank is a reliable and convenient system for mutual settlements with your foreign partners

If you have been already working on the international markets or just are going to realize external economic interests of your company the Cyprus Bank is a reliable and convenient system for mutual settlements with your contractors.

In the Cyprus Bank you will be provided with:

Consulting services on registration of a company with different jurisdiction

Opening and keeping of current account services

Competitive deposit rates

Reduced fees payments to other countries.

Loans under pledge of funds on the term deposit account in the Cyprus Bank.

Urgent transfers to more than 100 countries of the world within 10 minutes.

Support in performing your liabilities – overdraft loans.

Documentary and guarantee operations – import and export documentary letters of credit, documentary collections, bank guarantees.

International plastic cards – debit and credit, under competitive tariffs, in US dollars and Euro.

Optimization of cash flows, by providing the employees and authorized persons of foreign companies with means to cover representative expenses that arise in the process of expanding the company’s field of activity searching for new customers as well as paying salaries to the employees of foreign companies located in different countries of the world.

Foreign exchange transactions of main currencies.

Specialized banking services package “Marine” for crewing and shipping companies

Up-to-date technologies of providing current information about account transactions

Efficiency, confidentiality of services in accordance with European regulations