< North Cyprus

Banking

Vision Group have successfully assisted hundreds of clients with banking services and opening accounts. Whether they are foreign, public, private or international, there are many banks to choose from. Some were established for and focus on the ex-pat community and all are multi-lingual. Opening a bank account is relatively easy and generally require to see a passport and a rental or purchase contract. Whilst the local currency is Turkish Lira, the banks, shops and restaurants will accept foreign currencies. For the best exchange rates and a swift and easy on-line experience, you may choose to use the services of VisionFX (visionfx.vision-org.com).

Loans are available for smaller items such as cars, however the interest rate charged is generally higher than those in Europe. Mortgage lending is very embryonic and the terms are generally much less competitive than those that are available in Europe.