The Cyprus banking system is structured based on a British model. The Cyprus banks have firm international correspondence links all over the world; services, granted by them, are similar to those of European banks, including opening of deposits either in local or foreign currency for foreign citizens.
Most Cyprus banks have branches world wide & international banks subsidiaries, in turn, are located throughout the island. MASTER CARD and VISA credit cards are widely accepted. A foreigner may open a personal account at any Cyprus bank either in US Dollars, Euros or any other convertible currency.
Payments associated with property purchase are made in foreign currency. Therefore, you need to open an account at a Cyprus bank. This process should take only a day. For that purpose, you should duly apply to the bank & give in your passport. A bank account is necessary, first of all, for the transfer of your deposit to be paid for the property, & secondly, for landscaping your real estate, remuneration of expenses for the phone, water, electricity, for the transfer of loans, etc.
Viriko Developers cooperates successfully with most banks in Cyprus. We are familiar with the requirements put forth by the banks when opening accounts and will help to make you aware of your options and responsibilities in this regard.
We will assist with the process of opening a bank account and filling in the required paperwork. Our expert staff has more than 13 years experience in dealing with local financial institutions.
To receive more detailed information about “Assistance with opening a bank account”, please phone directly Margaret Kotua, Viriko Developers Director, on +357 25319001, mobile +357 99687845. Office address: Office 73, Galatex Center, 73 Georgiou, Potamos Yermasoyias. Postal code: 4047. Limassol, Cyprus. Alternatively you can fill out the contact form and we will get back to as soon as possible.
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