INTERNATIONAL BANKING SERVICES
International Banking is one of the core business lines that SGBCy is specialized in. Through a high calibre we offer professional expertise to international clientele in all fields of financial services, providing the most innovative global financial solutions to suit all business needs.
Cyprus, a prime financial business center
A member of the European Union since May 2004, being positioned at the crossroads of Europe, the Middle East and North Africa, along with its top quality telecommunications services, Cyprus is a convenient base for international operations. The political, social and economic stability of the island, all add to its benefits, consequently providing another reason for international companies to carry out their business transactions through Cyprus.
Today, the tertiary (services) sector is considered the backbone of the island's economy; hence Cyprus has been established as a prime and reputable center for international business and services.
Some of the benefits that Cyprus brings to International Businesses are:
- Favorable tax regime
- Simplified administrative procedures for acquiring necessary permits
- Low set up and operating costs
- Highly qualified, well-educated and multilingual labor force
- Double tax treaties with different countries
- Freedom of movement of foreign currency
- Efficient legal, accounting and banking services
- European standard of living
The tax legislation in Cyprus contributes to it being a prime financial center, as it maintains one of the lowest and most preferential tax regimes in the European Union.
All the above characteristics accompanied by other advantages such as Cyprus open market economy, heavy investment in education, efficient transit center, and pleasant work environment, make Cyprus an undeniable and prominent force for international enterprise wishing to maintain a springboard to the region.
The dedicated and experienced team of the Societe Generale Bank - Cyprus Limited International Desk offers its expertise to non-resident clientele in all fields of financial services, ranging from corporate banking and other specialized services.
Societe Generale Bank - Cyprus Limited has the capability of serving its clients not only on a local but also on an international scale, providing diversified banking services and products to facilitate individual or corporate projects outside Cyprus, while still benefiting from Cyprus favorable economic environment.
CORPORATE BANKING SERVICES
We provide our local corporate customers with high-quality innovative solutions tailored to all their banking needs. SGBCy is particularly active in dealing with large and medium-sized corporate clients, on all kinds of operations, offering a highly diversified range of competitive services and products including:
Working Capital Finance
To enhance your ability to meet your financial obligations and operate effectively, SGBCy offers assistance in the form of working capital overdrafts, short-term facilities, in addition to the usual receivables finance and inventory finance.
The Trade Finance service offered by SGBCy develops international trade activities concerned in assuring import and export transactions in order to meet the client's needs. In the import – export area banks and companies traditionally work closely together.
Trade services: Letters of credit, documentary collections, direct collections and guarantees
Trade Finance: Import financing, export financing and bill discounting
Trade Risk Management: avalizations and documentary credit confirmation
Benefit from the best services in town offered by the dealing room of SGBCy, one of the leading Cypriot providers of foreign currency exchange services. Enjoy the availability of foreign currencies at the most competitive exchange rates.
Societe Generale Bank - Cyprus Limited provides its clients both in the private and public sectors, with innovative and flexible project finance solutions, loan syndication, co-financing and capital markets execution. SGBCy Limited is able to serve and satisfy clients' needs in all key industry sectors both overseas and locally.
Benefit from our superior financial advisory, arranging, capital-raising and risk management services offered to major companies to help them in their most important projects.