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Jan 31 |
Open bank account in Cyprus, personal or corporate?
Posted by on 31 January 2011 07:21 AM
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| The provisions of the EU Interest and Savings Directive are only applicable when an EU citizen sets up a personal bank account in another treaty country. In this case, we are setting up a corporate bank account, hence no automatic exchange of banking information. The Cyprus banks would only be obliged to hand over information regarding the identity of the Beneficial Owner in the event that a duly authorized information and exchange request was accepted by the Cyprus authorities (which requires the consent of the Attorney General of Cyprus). | |
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