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
The risk of doing business in an offshore jurisdiction.
I think so.
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.
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.