Cyprus, Nicosia

Can you withdraw money from the Northern Cyprus bank account opened for getting a residence permit?

Updated: 5 months ago
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To obtain a temporary residence permit from the TRNC, you should deposit many dollars into a local bank account and provide the account statement to the Migration Department. The question arises, what to do with this money? Should you leave it there as a guarantee, or may you spend it?

You show money to confirm your financial sufficiency and, in such a way, agree to spend it while living in North Cyprus. Therefore, you can safely draw and spend money on your needs. Nobody can prevent you from doing this. It is on your account right for your needs on the island.

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