The Cyprus Pound (C£) is currently the legal tender however in response to Cyprus’s accession to the EU as of the 1st of May 2004, the Euro is anticipated to be the accepted currency within the coming years. Commercial banking in Cyprus is of a very high standard and follows the British model. Leading banks and financial institutions have convenient branches located throughout the island, which are modern and well equipped with the latest technology. Many Cypriot banks also host branches throughout the world.
Major credit cards such as Visa, Mastercard, Diners and American Express are widely used and excepted.
Non Cypriot citizens may open foreign currency and local deposit accounts.
If you are intending to purchase property in Cyprus it is recommended to open a bank account in Cyprus.
All commercial banks in Cyprus are authorised to offer mortgage facilities to assist in the purchase of property. Each commercial bank has it’s own policy for property loans.
If you require additional information or assistance regarding finance we kindly request you
contact us.
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