If you already have a business relationship with the other party, “Best wishes” and “Kindest regards” are appropriate. If the letter is going to someone you respect or is a high-level executive above your own company stature, “Respectfully yours” demonstrates that respect.

What Does Yours respectfully mean?

a very formal and polite way of ending a letter. SMART Vocabulary: related words and phrases.

Is it respectfully yours formal?

If you want to be very formal in closing your business letter, consider using one of these phrases: Respectfully. Yours sincerely. Yours respectfully.