According to the island’s investment program, a property buyer worth from €300 thousand is entitled to obtain permanent residency (PR) on an accelerated basis for themselves and their close family members. A Permanent Residence Permit (commonly referred to as PR) is authorization for permanent residence on the island. In addition, Cyprus PR allows visa-free travel to EU countries and some other states.
The Permanent Permit implies that not only the property buyer but also their family can obtain PR: spouse, parents and parents-in-law, and children up to 25 years old.
It is possible to obtain a Permanent Residence Permit without the right to work on the island (also known as a Category F visa) in a simplified manner within 3 months, provided that one or more newly built properties are purchased for at least €300 thousand. A one-time payment of at least €200 thousand is required, as well as a deposit of €30 thousand or more in a Cypriot bank. All participants in the program must provide proof of income from abroad, as well as a clean criminal record certificate.
The advantage is that applying for a Category F visa does not require submitting many documents, nor learning Greek or passing an exam. In addition, the visa is issued on an accelerated basis. This means the buyer can fully relocate to the island within 2–3 months.
Renewing the Permanent Permit is very simple. It is only necessary to prove that the property remains in the ownership of the applicant. After living in Cyprus for 7 years, it is possible to apply for citizenship.
Learn more about Cyprus PR through investment.
Why do many investors choose property in Paphos?
This city is quite attractive both for living and in terms of investment potential. Here are its key features:
- a calm city, ideal for a relaxed lifestyle;
- but it also has “islands” of active nightlife;
- an airport nearby, which is important for business people and travelers;
- developed infrastructure and culture;
- stunning nature nearby (mountains, rivers, the Akamas peninsula), with about half of the Paphos district being protected areas;
- well-developed British sports such as equestrian sports and golf;
- a large number of private British schools with high educational standards;
- attractive property prices — price per square meter is lower than in Limassol or Nicosia;
- buying property in Paphos is a reliable investment, as demand never declines and has recently been growing.
Paphos is also popular among athletes — it offers all conditions (including climate) for year-round training. The city regularly hosts marathons and sporting events. In addition, a spring carnival is held here every year — smaller than in Limassol, but just as vibrant and beautiful.
For those who want to move to Paphos with their family, here is a selection of excellent options that come with PR included.
5-bedroom villa in Tala
Tala is a quiet upscale village with low-density development and a refined atmosphere of understated luxury. Proximity to nature, infrastructure for living and leisure, clean air, and beautiful views complement modern comfortable living.
The villa is located in a gated complex, which increases privacy and allows remote property management. The well-thought-out architecture is designed across 4 levels:
- basement: parking and technical rooms;
- ground floor: common space, 1 bedroom with a bathroom, two terraces, one with access to an infinity pool;
- first floor: 4 bedrooms and 4 bathrooms, balconies;
- top floor: open rooftop space used as a relaxation area.
The villa’s living area is 230 m2, and the plot size is 470 m2. It is ideal both for living and as an investment property with rental potential.
3-bedroom villa in Geroskipou
Geroskipou is the closest suburb of Paphos, essentially part of the city, with full infrastructure and access to excellent beaches. Here, you can live your everyday life, visit during holidays, and, of course, enjoy magnificent sunsets.
The villa with 3 bedrooms in a new gated complex is an ideal option for combining investment and relocation for the whole family. It is comfortable to live, work, and spend holidays here. The sea is within walking distance — just 200 m from the complex.
The villa, with an area of 138 m2, includes an open-plan living room and kitchen, 3 bedrooms, 3 bathrooms, terraces, balconies, a pool with a barbecue area, private parking, and relaxation space. It will be in high demand during the season, so it can also be purchased for short-term rental. Bonus: the airport is only 10 minutes away by car.
Emerald Park in Geroskipou
Emerald Park is a business-class apartment complex in Geroskipou. It features 1– and 2-bedroom apartments, as well as penthouses. For the accelerated PR program, larger apartments (2 bedrooms, 2 bathrooms, 85 m2) and penthouses are suitable. The latter are not only more spacious (109 m2, 3 bedrooms, 2 bathrooms), but also more private. Owners will have access to the rooftop, where a panoramic relaxation area is equipped.
Emerald Park is a corner of comfort where there is literally everything. Within the gated complex: parking, a relaxation area with a large swimming pool, a gym, sauna, SPA, yoga studio, café, shop, and landscaped areas for walks. Property here can become a permanent home or an investment with long-term rental potential.
Available properties for sale in the project
3-bedroom apartment in Chloraka
Chloraka is a suburb close to Paphos, known for its developed infrastructure and beautiful coastline (an excellent place for both walks and swimming). In addition, the building density here is low, and the eastern side offers views of the foothills.
A luxury complex with its own infinity pool, gym, green area, and other amenities stands out thanks to its location and excellent value for money.
The apartment, located on the 3rd floor, has an area of 135 m2. It includes 3 bedrooms, 2 bathrooms, a living room with kitchen, open-view terraces, and a storage room. The apartment comes with finishing, installation of air conditioners, and underfloor heating.
2-bedroom luxury apartment in Chloraka
The apartment in a premium complex is ideal from an investment perspective: a convenient location, stylish design, and stunning views make this property in demand at any time. Three swimming pools, thoughtful architectural style, and internal infrastructure (cafés, restaurants, laundry, amphitheater, SPA center, tennis court, etc.) ensure maximum comfort all year round.
The apartment has an area of 94 m2: it includes 2 bedrooms, 2 bathrooms, a living room and kitchen, spacious terraces, exclusive finishing, and full furnishing. The layout and finishing are agreed in advance with future residents.
2-bedroom apartment in Chloraka
Another option with two bedrooms, but in a boutique-style complex — especially valuable for those who prioritize privacy. The total area of the apartment is 93 m2, including a living room with kitchen, 2 separate spacious bedrooms, 2 bathrooms, and balconies with French doors.
The complex is located on a separate gated territory away from dense development. Inside, there is a swimming pool and parking spaces. There is also an option to consider purchasing a separate villa here.
3-bedroom villa in Konia
Konia is located quite far from the sea, which provides magnificent 360-degree views and peace and quiet even during peak season. At the same time, the beach can be reached by car in just 10–15 minutes. The calm atmosphere is ideal for those looking for a private place for holidays or permanent residence.
The villa itself is located within a well-maintained gated complex and includes a private relaxation area, its own swimming pool, and parking spaces. Inside the 139 m2 villa, there is an excellent layout: living room + bedroom, 3 bathrooms, terraces and balconies; everything comes with high-quality finishes and panoramic windows.
3-bedroom villa in Kissonerga
This option is larger than a studio. The 3-bedroom villa is located in a gated cottage community, ensuring safety and comfortable living. Residents have access to a parking space, 2 floors with a rooftop relaxation area (effectively a 3rd floor), panoramic windows, and excellent views. The plot includes a small green garden, a swimming pool, and a relaxation area that can be arranged as a barbecue zone.
3-bedroom villa in Anavargos
Anavargos is an area for those who value peace, luxury, and quality education for their children. One of the best British schools in Cyprus is located here, but this is not its only advantage. The area is very calm, the air is always fresh, and proximity to nature does not interfere with maximum everyday comfort.
The 3-bedroom villa is located in a gated complex with its own infrastructure: parking, storage rooms, and a landscaped area. The living area is 138 m2, which is enough to comfortably accommodate a living room with kitchen, 3 bathrooms, 3 bedrooms, and panoramic balconies. The complex is at the off-plan stage, so property prices are currently truly attractive.
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