Industry News

Restrictions on capital movements in Cyprus are now removed!

On April 6, 2015, the Government of Cyprus has removed restrictions on international payments, transfers and other forms of capital movements. For example, there will no longer be a monthly limit of 20 000 euros on transfers by individuals to foreign banks.

It seems that banking system gets the public confidence back and economy in Cyprus comes back to normal. One thing is clear, business climate on the island is now more than favorable!

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