Top 20 Cypriot Advisors and Managers 2026
Citywealth is pleased to announce the publication of the Top 20 Cypriot Advisors and Managers 2026. The list recognises a group of professionals who have demonstrated consistent excellence in private client work across law, tax, accountancy and investment management. Each individual named has made a distinctive contribution to their field and is widely regarded for their technical skill, integrity and service to clients.
Savvas Savvides, senior partner at law firm Michael Kyprianou, says he is seeing upticks in interest from international clients in Cyprus in this annual update but that banks are tightening their rules locally and may require more checks, documentation, or due diligence depending on perceived risk. ” Both local and international banks operating in Cyprus have noticeably strengthened their AML, KYC, and ongoing monitoring frameworks. Instead of relying on uniform requirements for all clients, banks are now tailoring the depth and frequency of their checks based on each client’s unique risk profile, source-of-wealth complexity, geographic exposure, and corporate structure. Practically speaking, this shift translates into more detailed onboarding processes, especially for clients linked to high-risk jurisdictions or those with intricate asset holding arrangements. Banks are also conducting closer reviews of transactional behavior, requiring justification for incoming funds and ensuring that these transactions are in line with the declared business model. For corporate entities relocating to Cyprus, enhanced documentation requirements have become standard. There’s a greater expectation for transparency regarding ownership, governance, real economic activity, and substance. These changes are largely driven by European wide regulatory developments, the Financial Action Task Force (FATF) standards, and a move among banks to adopt a more conservative risk appetite.”
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