
The Cyprus Tax System: Features, Pros, and Cons
For those planning to open a company or relocate to Cyprus, it is important to understand how the tax system works and what benefits it can provide.
When applying for a short-term residence permit in Turkey, financial stability is an important criteria to demonstrate your ability to support yourself (and any dependents) during your stay. After the initial six months, when you're eligible to apply for a residence permit extension for one or two years, you do not need to make additional financial deposits. However, it is crucial that you have sufficient funds remaining in your account at the time of application.
The specific requirements are:
These amounts are intended to show that you can cover living expenses without the need for employment in Turkey, which is typically not permitted under this type of residence permit unless specified. It's advisable to maintain these minimum balances as proof of financial capability throughout your stay, ensuring smooth renewals and compliance with Turkish immigration policies.
For those planning to open a company or relocate to Cyprus, it is important to understand how the tax system works and what benefits it can provide.
In this article, we'll take a detailed look at what a green card is, the rights and responsibilities it provides, how to obtain one, and the pros and cons of permanent resident status.
BIG UAE Visa News! ICP introduces new visas for AI experts, entertainment, events, and cruise tourism. Updated rules for visiting family, business, and humanitarian cases.