Hello to all
My name is Michael - and I’m hoping to get some advice/help
My partner and I are currently living in Dorset and planning to move to Cyprus next year - one of the items we are looking at is the Temporary Residence Employment (TRE) permit . We have looked online for advice and can see you need to apply for this if you plan stay after 90 days. When we move we will both be pre-retirement and plan to use a work pension and savings as proof of being self-sufficient. We are looking at either renting or buying.
The issue is trying to find out the level of funds/income be able to show self-sufficiency, as we know that is a requirement (evidence of income or financial self-sufficiency). The information on this varies depending on which web site you look at.
We also know that when applying for the TRE you need to select a category – for us we think it would be Category F - One web site comments:
• Category F – Not working (e.g. retired).
For a Category F permit, you’re required to prove that you can support yourself financially, and you won’t be allowed to do work of any kind once you have this type of permit. The official wording is: ‘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 [their] having to engage in any business, trade or profession
• Evidence of income or financial self-sufficency, including bank statements from a bank in Cyprus showing average balance or pension payments, where appropriate. Note that your annual income should be in the region of CY£6,000 per person, plus around CY£3,000 for each dependent person, although there are no set limits and each case is considered on its own merits.
The above information may be out of date.
Our questions are:
1. Can we use our savings as evidence of self-sufficiency ? i.e. can we use a combination of savings and pension income, if yes, what are the minimum levels for both. Would help to know who to contact so we can get accurate/correct info on this topic – that way we can plan ahead
2. If we apply under Category F (i.e. not working) can we change this if one us finds work? i.e. can we get a different permit ?
Hope you can help – even if it’s signposting us to an accurate source where we can find out / ask the questions