Hi everyone,
I plan to retire early (long before my government pension kicks in), hopefully in Paphos.
To prove economic self-sufficiency, I must show "Adequate deposits in financial institutions in Cyprus or abroad".
Does anyone know the amount of money that is deemed 'adequate'? ( There are 3 of us : my wife and I, plus our 2 year old daughter).
Is an internet brokerage account acceptable?
Thank you in advance.
Self-Sufficiency
Re: Self-Sufficiency
Doesn't quite answer your question, but this is the only official reference I have found regarding income requirements:
Category F: Persons who possess and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade or profession. The annual income required should be at least €9568,17 (CY£5,600) for a single applicant and moreover at least €4613,22 (CY£2,700) for every dependent person, but the Immigration Control Board may demand additional amounts as necessary. Most applicants come under this Category, the majority of them being pensioners or retired persons.
Category F: Persons who possess and have fully and freely at their disposal a secured annual income, high enough to give them a decent living in Cyprus, without having to engage in any business, trade or profession. The annual income required should be at least €9568,17 (CY£5,600) for a single applicant and moreover at least €4613,22 (CY£2,700) for every dependent person, but the Immigration Control Board may demand additional amounts as necessary. Most applicants come under this Category, the majority of them being pensioners or retired persons.
