The Banking Law Team provides support services to their clients at each stage of their transactions and has acted upon a number of cases, representing both the interests of Banking Organisations as well as the interests of private and public Organisations and natural persons.
LLPO Law Firm’s banking department comprises highly educated personnel who have gained banking experience working previously in local and international banks. We offer our clientele the opportunity of opening personal bank accounts or corporate bank accounts with any commercial bank either in Cyprus or abroad. Our banking department assists our clients in taking the most suitable decision for the selection of the most adequate jurisdiction, in order to achieve effective tax planning.
We have good and long-established relationships with local banks and we are cooperating with most well-known international banks which we regularly utilise to open bank accounts for non-residents companies and individuals.
At LLPO Law Firm, we provide our clients with introduction and consultancy services guiding them in the most appropriate selection of the type of account or any other suitable banking service and product. Meanwhile, we supply all information, application forms, etc. which are necessary to open the bank account and/or to obtain a bank product.
Furthermore, our banking department is well organised and handles the preparation and submission of bank application forms, dispatch of instruments (devices, tokens, digipasses and cards) in the most cost effective and timely manner, reporting to the clients about the progress, and advising them once the task has been completed.
The majority of the bank accounts we offer, enable our clients to carry out all their banking activity via the internet, e-mail, post, fax or telephone. Debit cards are available as well allowing easy and direct access to funds at all times. An alternative solution is the appointment of our experienced officers to manage your daily banking transactions through the authority of the company directors.
We can offer our clients bank account management services including:
- Daily monitoring of bank movements: up-to-date on account balances and transactions at all times;
- Executing transfer of funds, including follow up, value date monitoring and providing swift confirmation;
- Investigations in case of complex transactions;
- Performing money transactions such as wire transfers and cashiers’ cheques;
- Negotiation of foreign exchange rates or interest rates for deposit accounts.