Includes how foreign exchange is managed and implications for U.S. business;
Last Published: 7/30/2019

Republic of Cyprus:

There are no capital restrictions in the Republic of Cyprus.  As with other EU countries, travelers to Cyprus must declare cash sums greater than EUR 10,000 upon arrival. 

Area Administered by Turkish Cypriots:

There are no capital controls in effect.  Travelers exiting the area administered by Turkish Cypriots - whether residents or non- residents - may carry up to USD 10,000 in local or foreign currency, without prior permission.  Travelers must obtain authorization from the Turkish Cypriot "Central Bank" for sums over this threshold and declare the money to the "Department of Customs" at the port of exit.  There is no restriction for the import of currency into the area administered by Turkish Cypriots.

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting

Cyprus Market Access Foreign Exchange