Cyprus bank account
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Location: Mediterranean Sea
Population: (2017): 1,221,549
Status: EU member since 2004
Currency: EUR (Euro)
Official languages: Greek, Turkish
Deposit guarantee: 100,000 EUR
Cyprus is the 3rd largest and 3rd most populous Mediterranean island and the world’s 80st largest island by area.
Named the “golden-green leaf thrown into the Sea”, today the country is a very popular tourist destination for visitors from Europe and a favorite place for holidays.
The tourism is the main industry sector and has provided the main leverage of economic growth.
Due to its favourable location and providing moderate local costs, good airline connections and telecommunications, highly educated English speaking workforce, Cyprus has developed into an international business centre that offers many advantages to investors and business people.
Banking in Cyprus is regulated by the Central Bank of Cyprus and is currently fully harmonised with EU legislation and directives, that made it a more sound banking sector for the future. After having its problems in the past few years, the country has beaten all the expectations and now poses as a strong and stable economy and performance in the banking sector as well.
The banks offer a wide range of personal and business banking products and services, with free e-banking, to help you manage your money and different personal and daily business needs.