Typically, the process takes about three weeks from the moment we receive all the required documents. However, we cannot guarantee a specific timeline as the final approval comes from the bank. Thanks to our strong working relationships with the banks, we strive to ensure an efficient process that reduces both time and costs as much as possible.
Firstly, Cyprus holds a credit rating of BBB+ with a stable outlook from the international credit rating agency S&P (Standard and Poor's). Secondly, Cyprus is a member of the European Union, with the European Central Bank (ECB) playing a supervisory role over the Cypriot banking system. Locally, the Central Bank of Cyprus is the primary regulatory authority overseeing the banking sector. It is key in ensuring stability and regulating the country’s banks.
Hellenic Bank, Bank of Cyprus, Alpha Bank.
