Quote:
Originally Posted by EddyTheDog
The people who live in Cyprus use Cypriot accounts for the same reason we all use local banks - Its convenient.
Lots of people have holiday homes in Cyrus and use a Cyprus bank for local bills etc....
There are 60 thousand Brits alone with homes in Cyprus.
The list of reasons to have a local Cypriot account are the same as any other country.
You seem to completely ignore those people and can only focus on the others.
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like i said, it sucks for the people who actually live there but come on, the people who own holiday homes there don't need local bank accounts to pay bills. its just an easy way to stash away some cash.