International Banking Units
The Government’s Policy of encouraging the establishment and operation of International Banking Units (IBUs) in Cyprus, has contributed to the steady development of Cyprus as an international Banking Centre. As a result, Cyprus has obtained membership from a respectable international Group of Banking, which aims at monitoring and promoting the operation of IBUs.
An IBU can take the form of either:
- A locally Incorporated Company or Branch of Overseas Company.
- A Representative Office.
- An Administrative Banking Unit.