Why is Cyprus the "Safe Harbor" for Israeli Citizens and Businesses? Why is Cyprus the "Safe Harbor" for Israeli Citizens and Businesses? Israel businesses and entities are no strange to Cyprus. Via the use of Cyprus companies Israel interest entities gain access to the European markets in an easy and effortless manner. This is because the creation of Cyprus Companies and Cyprus Bank accounts is a standardised simple process which has been tested for more than 2 decates. Standard Admin account opening cyprusbankbanking cyprusbanking system cypruscompanycompany incorporation cypruscyauseCypruscyprus company formationcyprus eu relocationisraelisrael offshoreisrael onshoreisrael set uprelocate cyprusrelocate from israelrelocation cyprustramountanellis 0