3 ms·
What about bank account + transfer fees + how like are you to trigger terrorism enforcement?
by candiodari 3y ago
What about bank account + transfer fees + how like are you to trigger terrorism enforcement?
- stavros 3y agoThey do try to gouge you a bit on the bank accounts, but nothing too bad (I think a few tens of euros per month). Things have tightened down in recent years, so the "foreigners pay 0% tax" bit doesn't easily apply, you need to be a permanent resident of Cyprus to get the 0% bracket and it's hard for them to consider you a permanent resident, and it's more like 2% in the end.
- nlitened 3y agoYou could get a bank account in Revolut Business, where for a small monthly subscription you get zero or very low transfer fees, good currency conversion rates, very nice web/mobile apps, and pretty reasonable KYC with responsive support (especially compared to average European banking experience). If you don’t do any shady stuff, you should be fine.