On: Europe Announces Bailout For Cyprus — Bank Deposit...

[memi]

I do have offshore company with Cyprus company current account. Does this tax also affects my company?

[KateScisel → memi]

Yes, if your money is in Cyprus. You will be granted shares in your bank of equivalent value to your losses. Does it help? LOL

[xachen → memi]

The risk of doing business in an offshore jurisdiction.

[Pro_bity → memi]

I think so.

[martinced → memi]

This tax only affects residents living in Cyprus.

This is already a crazy tax but if they're confiscating money on private companies' bank accounts they'll be killing the economy.

[IbJacked → martinced]

I didn't see any references to "only affects residents living in Cyprus". From the articles I've read, it appears to be a tax on all deposits, regardless of foreign or domestic, personal or business.