Cyprus offshore bank account free of tax: Private Banking (IBAN)
Membership of the European Union it is an island located in the Mediterranean Eastern area territory it is 9,229 square miles and has a population of more than 795,000 inhabitants. The capital of Cyprus is Nicosia and the official currency is the pound (CPY). The languages spoken on the island are Greek, Turkish and English.

Cyprus has very strict laws on bank secrecy and has been the favourite jurisdiction to possess anonymous bank accounts, both personal and business. The less known the bank the more you can enjoy privacy and your company, experts warn that to increase the level of privacy and secrecy it is advisable to change money at various banks and work with well known banks, which would increase considerably privacy and security of the client.
Cypriot banking characterize by the lower cost of maintaining current accounts, sight and time deposits, compared with other jurisdictions such as Switzerland and Liechtenstein, as these jurisdictions have a high maintenance and requirements to open bank account far more demanding.
If you want a private bank account in the European Union, secure, anonymous and reduced maintenance costs in the offshore bank account for you and your company we recommend Cyprus. Approximately the time it takes to open your bank account would be 1 to 3 weeks providing the customer has properly provide the requested documentation.
* Minimum deposit: 500 Eur.
* Bank supported languages: English, Russian and Greek.
* The customer can open a bank account in any legal international currency they want, (Euro, Dollar, Canadian Dollar, Australian Dollar, British Pound, Japanese Yen, Swiss Franc ..... etc)
* All the management at the opening of the bank account do not need a physical presence in the country, all efforts will be made through e-mail and / or registered mail.