Annual income requirement to reside vs having savings

Don't forget that you will also need to deposit approx. €30k in a Cyprus Bank from your available savings

https://gk-lawfirm.com/practice-areas/i … ce-permit/

Jim

@psmurphy In my experience and based on conversation I have had with immigration lawyers the income needs to be from a recognised source. I am not sure just drawing down from your savings would be acceptable to immigration.

I will reiterate this is just my experience you need to speak to an immigration specialist to get the correct information.

@MacGeorge8035

I think that changes as an EU national .... They usually aren't as strict with EU nationals as long as you can provide sufficient financial support.... Along the lines of the old figures we as British TCNs often complain about.......  so further confirms the need to get that all important Irish passport

@Toon I agree, so they need to explore getting an Irish passport as soon as they can.

I was informed by immigration and my lawyer that a secure monthly  verifiable income was a requirement as it was a pension that was confirmed and would continue where savings could be there today but gone tomorrow and investments could fall or be cashed in and spent

i also see that even under the new fast track visa yearly checks are required to ensure incime levels are maintained

@telf

A good point sir..and one that confirms the RoC commitment to ensuring that a person cannot become a burden on the state when the savings run out or are spent... They need the assurance that you have regular income from provable sources that are sufficient to support you and any family.

good point Toon, have you been ever asked as a old timer or does this just applynow to the new ones coming in!!! I have not so far atleast.

Just applies to new entrants