Living the dream

GAZZA53


Joined: 05/08/2008
Posts: 4

Message Posted:
05/08/2008 13:45

Hi This is my first time on this site, my wife and I would love to relocate to

Northern Cyprus, we have been many times and love it, we would like to know more about the high interst rates we could get investing in the Northern Cyprus banking system, do we need to own or rent a property before we can open an account , I have been looking at some of the letters posted I have tried to e-mail the HSBC in Cyprus to no avail, I would be greatful for any info

on this subject ( banking and relocating )

The butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
05/08/2008 14:29

Hi GAZZA53,



Welcome to the forum, when I opened an account at HSBC they did require my purchase contract and passport. I would advise anyone who wishes to come and live here in the TRNC to come for a year and rent. Take your time and get to know the different areas before considering buying. The rentals here are plentiful and are cheaper than at home, I personally wouldn't sell up in the UK but would rent my property out until I was sure the TRNC was for me. With a name like GAZZA are you from the northeast?



The Butlers wife

GAZZA53


Joined: 05/08/2008
Posts: 4

Message Posted:
05/08/2008 16:02

Hi butlers wife, no I am from Essex, my name is Gary but it was being used so I picked Gazza, your advise makes good sense, do you live in Northern Cyprus,

or is this your holiday home, we have been over six times we are over again in Sept we normally stay at the hotel Sempati nr Lapta, I would be greatful for any info / advise you could offer. could I open an account if I rented ?



Gary

dozza67


Joined: 11/07/2008
Posts: 607

Message Posted:
05/08/2008 16:26

Gazza53. Yes you can open an account in some banks if you are renting / buying or not. I asked this question for someone else in Credit West yesterday and they confirmed that you don't have to be living in TRNC or own/rent a property.

mint1955



Joined: 30/05/2007
Posts: 988

Message Posted:
05/08/2008 16:46

We opend both a Sterling and a Ytl account at Turkbank when we were over last and we didnt have to have anything except passports.