Opening an Offshore Merchant Account in Cyprus

Oct. 21, 2009 - PRLog -- The best bank should be able to provide fast and easy account opening services and allows customers to manage their accounts. Clients should also be able to access financial help whenever they need it. The procedure involved in opening a merchant account is in essence similar in all jurisdictions.

http://www.cclogic.com/Cyprus-Company-Formation/Cyprus-Bank-Account.html

Opening a merchant account is one of the vital requirements for those intending to go offshore; it is the most expedient solution for allowing payments in the global Web. The merchant accounts provide its clients all the flexibility they need when it comes to planning and managing the business. Opening an offshore account is, however, one of the most challenging tasks for many investors. There are many offshore company formation agencies in Cyprus to help you through the journey of setting up a business in Cyprus.

Those intending to invest in Cyprus can also obtain the necessary assistance on how to create a merchant account and manage it. Those operating an offshore business need a reliable merchant account; many firms are afraid of venturing into an online business because of the difficulties encountered in setting up an offshore merchant account. One must have his/her business registered before opening an account. Since certain forms of business are considered to be high risk for debit card processing by the Visa MasterCard Association, obtaining financial aid in other countries can be a nightmare.

Virtually all the offshore businesses are considered to be high risk businesses. By acquiring bank accounts; the banks will be at a higher risk of incurring financial losses if they finance such businesses. However, one can still find effective offshore business solutions in Cyprus at a very reasonable cost. Opening an offshore account in Cyprus has many benefits: you will be charged low taxes on corporate sales, you will also enjoy double treaties benefits with other international offshore countries including Ukraine and Russia, shareholders will enjoy tax free dividends and if your offshore business is located on the island, you will be able to access duty free items including vehicles.

The easiest and fastest way of opening an account in Cyprus is to open it in person. If traveling to Cyprus to open an account is not possible then try corresponding with a large number of Cypriot banks in other countries; there are many Cypriot bank branches around the world. Know the requirements and rules for opening up an account. Compare the interest rates offered as they might vary from one bank to another. Find the appropriate bank with services that best suits your needs before deciding to open an account. Thinking about investing in an offshore business in Cyprus? Contact one of the offshore company formation agencies in Cyprus for details on how to open a merchant account.

Find Related information at: http://www.cclogic.com/Cyprus-Company-Formation/Cyprus-Ba...

Release 22.10.09

# # #

CCLogic.com is operating as a consultancy firm in the fields of credit card processing, payment gateway, anti fraud systems and the formation of Cyprus companies.
Also we offer our services for clients and businesses worldwide.