How is the banking system in Cyprus?
A. The banking system in Cyprus closely related to the British model. There are a lot of branches all over the island which are efficient, modern and well equipped with the latest technology. Non-Cypriot citizens have the ability to open accounts in a foreign currency or even a local deposit account without difficulty. Furthermore, you can find branches of numerous international banks which are now operating on a full service basis. All the major credit cards, such as Visa-MasterCard-American Express, are being accepted in Cyprus. Transactions and payments are simply made through your foreign deposit account.
