Cyprus, Malta, Lebanon Banking Migration Programs

One of the smallest member countries of the European Union and also a member of the Euro Area (also called as Euro-zone), Cyprus is an international financial and banking hub. The country has been recovering fast from the recent financial crisis which affected most of the banks due to the dedication of the banks to regain their lost glory.

The country boasts of a highly developed banking system that has a tremendous amount of experience in dealing with International clients and High Net worth individuals and it aims to use this experience to regain the glory of the banking system. The efforts have yielded fruits and a number of international financial experts have shown renewed confidence in the Cypriot banking system.

The Banks in Cyprus are regulated by the Central Bank of Cyprus. As a member of the Euro-zone, a limited degree of control, particularly in currency matters, is also maintained by the European Central Bank. There are presently seven Local Banks and a large number of foreign Financial Institutions working in Cyprus.

English is spoken as a major language in almost all of the Cypriot Banks with Russian, French, and German also in use in certain banks.

Malta, an island nation that is also a member of the European Union and Euro area (Euro-zone) has emerged as a global financial services hub. The island boasts of a very strong economy bolstered by strong investment from investors across the globe.

Malta boasts of very prominent banking culture and is thought that for a small nation, Malta’s banks hold Billions of dollars of deposits from foreign investors. The confidence imposed by the foreign depositors is due to the fact that the Maltese Banking system is well regulated by The Malta Financial Services Authority and the Central Bank of Malta

A number of banks including prominent Foreign Banks provide services in Malta to cater to international customers. Almost all the banks have personalized services for High Net worth Individuals and well defined Private Banking services.
Malta also gives an advantage of a number of Double Taxation Avoidance Agreements signed with countries across the globe enabling the customers of Maltese Banks to claim taxation benefits.

Lebanon is one of the most developed economies in the Middle East which also features prominently on the global tourist map. Located in the Mediterranean, Lebanon boasts of a warm climate and close connections both with Asia and Africa. It is a favored destination for foreign tourists giving it a multicultural outlook.

Lebanon is also a little known global banking destination which has in recent years emerged as one of the favorites, particularly for investors from the Middle Eastern Nations. Its location, extremely strong banking rules, and international quality banks all make it a favorite among the customers. Lebanese banks offer special products for its international customers and have multilingual staff to assist in their banking needs.

The country boasts of strong banking secrecy rules and the country also provides a favorable taxation regime with a large number of tax exemptions to foreign customers. The Government has also tried to encourage the use of technology to make them more favorable to customers.
Banking in Lebanon is controlled by The Banque du Liban (The Central Bank of Lebanon) and there are more than 20 Local and Foreign Banks serving their customers in Lebanon. The banks offer to the bank in multiple currencies and also a relatively high rate of interest.