Expanding to Cyprus? Here’s how to manage payments with confidence

Cyprus, strategically located at the crossroads of Europe, Asia, and Africa, attracts investors in tourism, shipping, IT, and real estate. Whether you are acquiring property, funding a business venture, or paying for international services, cross-border payments to Cyprus require precision, compliance, and reliable channels — which is why VelesClub Int. together with our partner UNIBROKER provide proven, regulated solutions tailored to each case.

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Below are seven proven ways to handle payments in 2025, balancing speed, legal certainty, and full protection of your capital.

1. SWIFT transfers via reputable correspondent banks

SWIFT remains the most recognized channel for high-value transactions. By routing funds through trusted correspondent banks, you can reduce processing delays and ensure that documentation meets Cyprus’s currency and anti-money laundering regulations. This is particularly relevant for property purchases and large corporate settlements.

2. Multi-currency accounts to avoid unnecessary conversions

Holding a multi-currency account allows you to send EUR, USD, GBP, or other currencies without constant exchange operations. This approach minimizes exchange rate risk and provides flexibility when negotiating with Cypriot counterparties, especially in multi-jurisdiction contracts.

3. SEPA transfers for euro-zone efficiency

For euro-denominated payments, the Single Euro Payments Area (SEPA) offers fast, low-cost transfers directly between EU banks. This is ideal for operational expenses, supplier payments, or regular service contracts within the EU legal framework.

4. Alternative rails beyond SWIFT

When SWIFT is slow or restricted, regulated alternative payment networks ensure continuity. Licensed settlement partners can process payments without altering your main banking setup, making them valuable for recurring obligations or time-sensitive transactions.

5. Escrow arrangements for property deals

Escrow accounts add security to property and large asset transactions by holding funds until contractual obligations are fulfilled. This mechanism is recognized under Cypriot law, safeguarding both buyer and seller in international transactions.

6. Crypto-to-fiat conversion under compliance

Businesses and investors with digital assets can convert crypto into fiat through licensed operators. When conducted under proper compliance, this method offers liquidity while ensuring adherence to AML and KYC rules in Cyprus.

7. Structured payments for complex projects

For construction, multi-stage property acquisitions, or joint ventures, structured payments tied to project milestones reduce risk and improve cash flow management. With proper documentation, these payments align with both Cypriot and international legal standards.

Key considerations before sending payments to Cyprus

• Documentation: Have contracts, invoices, and permits prepared before initiating transfers.
• Currency choice: Decide on EUR or another settlement currency to optimize costs.
• Compliance: Partner only with regulated financial intermediaries.
• Insurance: Consider payment insurance for high-value transactions.

How VelesClub Int. and UNIBROKER make payments easier

With expertise in global finance and local regulations, VelesClub Int. and our partner UNIBROKER deliver a complete solution for cross-border payments to Cyprus, offering:

• Legally compliant transfers under Cypriot and international law
• Multi-currency settlements in EUR, USD, GBP, and major cryptocurrencies
• Optimized routing to minimize processing time
• Full support for currency control and documentation
• Optional payment insurance for added security

Start your Cyprus payment process today

Send us your payment requirements, and we will design a route tailored to your budget, speed, and compliance needs. With VelesClub Int. and UNIBROKER, your transactions are executed with precision, transparency, and full legal protection.