Who hasn't experienced this - you are abroad, want to withdraw money and pay high fees to your house bank and sometimes to the respective ATM provider. Fortunately, these times are over.
When we emigrated to Cyprus in 2019, we opened our accounts with DKB beforehand - because here, cash withdrawal is free of charge worldwide, and thus also in Cyprus. Whenever I need cash, and see long lines at banks in Cyprus (because it's first of the month again ...), I just look for a bank where the line is shorter. Whether this is due to high fees, I do not care.
Because at any bank in Cyprus with the free DKB credit card withdrawal is free, up to € 1,000 per day!
Here you can find more cheap banks for current accounts.
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You also need a reputable and inexpensive business account for your limited company. You can search for a long time in Cyprus. The banks are very expensive, the applications take a long time and it is not uncommon that entire accounts are frozen until they are verified. Also, a full credit card for your business expenses is almost impossible to obtain with a Cyprus Limited.
However, we have discovered and partially negotiated over 5 international alternatives so that you can get a modern and secure bank account for your business! The solutions are only available in our protected member area, which you can activate immediately.
We are Silvana and Jan and emigrated to Cyprus in 2019 to collect new impressions, enjoy the weather and save taxes. After quite a few downfalls and cost traps, we have created the largest portal for emigrants in Cyprus after one year with full heart and soul.
With our insider tips about the Limited, life in Cyprus and all legal pitfalls, we offer you a portal full of knowledge, which is upgraded weekly.
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