In total, Cyprus banks from 2014 to 2022 closed accounts for 82% of clients with the Russian Federation. For many years, Cyprus has been known as a jurisdiction where you can ask several questions, whose banks have received money from rich depositors, despite their shadow links. It was especially popular with Russian wealthy oligarchs. Recently, local media reported that several large Russian companies registered in Cyprus have postponed their headquarters abroad through a check.
It is unclear which and how many of these companies moved from the country. Requests for information on information from the Cyprus authorities remained unanswered. The spokesman of the Government of Constantinos Letimbiotis said that the departure of Russian bank deposits is offset by newly arrived international business. In 2022, more than 1600 international companies were registered in Cyprus, mainly technological, including 47 transnational ones.
According to him, in general, these companies helped to create 36 854 direct and indirect jobs, which is 42% more than in 2021. We will remind, in December 2023, as reported by Politis, the banking sector of the Cyprus government was instructed to stop all operations in the rubles "for prevention. At the same time, legal and accounting firms, according to the report, are checked for abuse of accelerated business registration procedure.
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