For some month ago I made a post on some of our blogs which was about to open a personal or business bank account and how easy it is, but I think there are some of the statements in the article need to be outlined for you where others need more clarification.
A brief clip of the post is coming here for your references
For anyone to open a bank account they must be over the age of 18 and you will to take proof of your identity to show them. This is normally a passport, driver’s license or some other form of ID, preferably with a photo attached. Letters with your home address will also be needed, this could be an electricity or telephone bill. It is up to you what type of bank account you intend to open depending on the reasons why you require it; it could be anything from a current account to have a salary paid in, a savings account to save money for your retirement or a foreign currency account.
So what this post says is that you can open a Offshore bank account or Cyprus Bank Account as a personal or business account, this is almost true however some restrictions apply, for instant not all people can open a Cyprus bank account or a Offshore Bank Account, in fact for people outside Europe it isn’t an option with Cyprus, you will need to have a registered Cyprus Offshore Company or some other Offshore company if you live outside of Europe.
For the US this also apply, since most offshore jurisdiction have revised their law and regulation on this front and made it impossible for a person just to open an anonymous offshore bank account.
What it means for you is some more expanses and you are required to open a Offshore Company formation or Cyprus Company Formation before you are able to become a Offshore Bank Account in either Cyprus or any other place.