Currency controls relaxed

The Cyprus Ministry of Finance has announced new relaxations in the restrictions on capital movement.   There are now no restricitions for transactions within the Republic of Cyprus.

Cashing of checks is now allowed whereas this was not allowed before and the limits relating to payments of  €50.000 for natural persons and €200.000 for legal persons have now also been abolished.

The only restrictions on transactions whch are still in place refer to transactions which are outside of the Republic.

This is a positive step in rebuilding confidence in the banking sector as controls are gradually abolished.

FastCo provides you with specialized tailored solutions. Our team is comprised of professionals who are fully qualified in their field of expertise. We are a trusted provider of corporate services including:

1. Provision of fiduciary services

2. Opening of corporate bank accounts

3. Management and administration of companies

4. Audit

5. Tax planning

6. Accounting

7. Company registration


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