Quote:
Originally Posted by BlackCrayon
........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.
|
Why would they choose to do it the hard way - Before this there was no reason not to have an account.
I have a Spanish and a New Zealand account to pay local bills etc, it would be hard to do it any other way.
Not everyone with a foreign account is doing it to avoid taxes.
I understand if you have little sympathy for tax evaders, but that's far from the only reason to hold a Cypriot account.