Opening an Cyprus offshore bank account can bring many benefits for an individual or an international company. A Cyprus bank account for example offers double tax treaties with 27 countries and is an excellent center for the establishment of corporate entities with advantages unequaled in offshore jurisdictions. 

Other offshore financial centers include the Bahamas, Barbados, Bermuda, Cayman Islands, Channel Islands, Hong Kong, Isle of Man, Luxembourg, Malta, Panama, Seychelles, Switzerland and the Turks and Caicos Islands. There are further jurisdictions that are not listed here.

A full range of financial services are available from Cyprus offshore banks, including deposit taking, credit, wire and electronic funds transfers, foreign exchange, letters of credit and trade finance, investment management and investment custody, fund management, trustee services and corporate administration.