Cyprus banks & offshore companies accounts

In line with the new Central Bank of Cyprus directive with regards to the cooperation with “shell” companies, all companies that maintain Bank accounts with Cypriot banking institutions will have to provide to the bank:

1. Documents confirming their economic substance. 

2. Audited accounts which should be prepared by an EU orthird country applying equivalent AML measures regulated auditor for the last two years. 

3. If no audited accounts are available on request, then the customers should provide an engagement letter from EU or third country applying equivalent AML measures regulated auditor confirming its intention to prepare audited accounts for the company.

4. A letter from the said auditor as to where the revenue generated income of the company is taxed.  

UK
Malta
Seychelles

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