DWB

Dude, me and several other people in this thread have tried explaining it to you and have listed several reasons why someone would want an account there, but you don't want to listen. What else can I say?

You said you don't understand, and that is OK. I didn't understand for a long time either until I actually had to deal with opening bank accounts abroad, then I got educated real quick out of necessity. We've tried explaining it and you want to debate our replies to you as if what we are telling you are opinions, however, they are not opinions, they are facts. Cyprus is what it is for a reason and it doesn't matter if you agree with it or not, think it is an unstable country, or don't understand why people bank there, because they do and have been for a long time. There is a reason this is huge news.

People need banks like what Cyprus offers for many reasons, tax evasion is one of those reasons, but not everyone or every company who banks there is doing something illegal, as you think they are. I don't know any other way to say it to make you understand. And this is just from a banking point of view, not the business perk of lower taxes, which is another debate.

I'm not slamming you for not knowing, why should you know about foreign bank accounts if you don't live overseas? You do what you do, people who live elsewhere have to do what they do. It's not a big deal, just know that not everyone who has an account there is trying to hide money.