Statement must be provided from a bank in Northern Cyprus
– It is enough to show a statement for the amount of 10.000 GBP for each adult family member.
– This amount is calculated based on the annual minimum wage in Northern Cyprus. This means that 30.000 euros for a family of 2 adults and children will be enough.
– After obtaining a residence permit, this money can be used, but when prolonging after a year, you again need to show a bank statement.
– If the property was bought on credit or by installments, then you must additionally show income or an amount in a bank account equal to the monthly payment.