Good afternoon,Sorry if this is posted elsewhere but...
we have a 'nice' problem in that we have proceeds of our house very soon and wondering what to do with it. :juggle:We want to move but not possible yet. Can we open a Cyprus bank account? Do we need to be there to do it? do we need a Cypriot address? Is this the best thing to do? We want the money available as soon as we want to buy, and the interest rate in Britain is very poor. Any advice would be very much appreciated. Thank you.
When we opened our bank account, four years ago, we had to provide bank statements from our UK bank, passports and the contract of sale for the house. As I understand it you do need to visit in person, it was a long involved process which included several cups of coffee, Cypriot pastry's and discussions about the dreadful state of education these days(????). I suggest you visit your bank of choice over here and ask their advise. Unless someone else knows otherwise?