Cyprus Restrictions Lifted

All restrictions relating to domestic transactions with banks in Cyprus have been lifted.  The only transactions still in place relate to overseas transactions.

Overseas restrictions still apply for transactions relating to salaries, payments made within the normal course of business and living expenses/tuition fees for students studying overseas.

The above comes as a result of the restructuring/recapitalisation of of the banks and the restoration of confidence in the Cyprus banking system.

Another positive step is that Cyprus is preparing a return to the markets with a public debt sale.  Involved in the deal are Deutsche Bank, Goldman Sachs, HSBC, UBS and VTB Capital.

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

www.fastcoregister.com

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