The granting of the permit is also based upon the level of foreign income available to support oneself and this refers to pensions and income from investments. Leptos Estates will assist you with all these simple formalities. The banking system in Cyprus closely follows the British pattern. The banks have many convenient branches and they are efficient, modern and well equipped with the latest technology. Non Cypriot citizens may open foreign currency and local deposit accounts without difficulty.
Many international banks have branches throughout the island.
Major credit cards, such as those within the Visa and MasterCard networks are widely used in Cyprus. Transactions and payments are simply made through your foreign deposit account. The legal system in Cyprus has been mainly based upon the British legal system. The Land Registry in Cyprus is probably the most advanced and reliable system in the world and is also based upon the British equivalent. Purchasers of property in Cyprus, therefore, will be far more secure, with regard to their title deeds, than perhaps they might be in other Mediterranean countries.