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The banking system in Cyprus closely follows the British pattern. The banks, having many convenient branches are efficient, modern and well equipped with the latest technology. Non-Cypriot citizens may open both foreign and local currency accounts. Many international banks have branches in Cyprus.
Major credit cards, such as Visa and MasterCard are widely used. Transactions and payments are simply made through your foreign deposit account.
Cyprus was once a British colony resulting in over 90% of the population speaking English. Greek is the mother tongue of the Republic, however knowledge of German, French is increasing. Russian is also spoken in some places.
The legal system in Cyprus is based on the British system as well as Greek legal systems as is the Land Registry, which is considered to be one of the most advanced and reliable system in the world.
Purchasers of property in Cyprus, therefore, will be far more secure, with regard to their title deeds, than perhaps they might be in other Mediterranean countries.We, with our Cypriot associates can offer all relevant information regarding legal procedures in Cyprus.
For any individual questions or to discuss your requirements in more detail
please contact us. |
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