Hi Everybody,
My partner and I are hoping to emigrate to Cyprus on the temporary residence permit. We have been together for 30 years but have never married. We understand for this reason that each of us would have to put €24,000 into a Cypriot bank every year that we apply.
Our plan is to sell up in the UK and live off the interest earned from the sale.
My question is, once the yearly amount has been deposited into the Cypriot bank and the permit renewed, can we then take an amount out and put it back into the UK bank to carry on earning interest?
Or do you guys know of a simpler way?
Move all money to an Expat account for instance.
We are a little confused about how best to do this or if we even can.
All your help and suggestions would be greatly appreciated
Regards,
Mark
Your help a experiences would be very welcome