What is Cyprus investment immigration?
Cyprus is a member state of the European Union (EU). Under the investor residence permit scheme governed by Regulation 6(2), non-EU citizens can apply for a permanent residence permit by making a qualifying investment, such as purchasing a new house/apartment from a developer with a minimum value of €300,000 excluding VAT, while also meeting requirements regarding income, capital sources, background checks, and maintaining the investment. This grants residency rights in Cyprus; it is not Cypriot citizenship, not an EU passport, and does not automatically grant the right to reside/work in other EU countries.
Annual income requirements: a minimum of €50,000 for the main applicant, plus €15,000 for a spouse and €10,000 for each dependent minor child; there are specific regulations for adult children. The source of income and the transfer of investment funds must be verified as required by the immigration authorities. Purchasing real estate does not automatically guarantee the approval of permanent residency.
Reasons to consider buying property in Cyprus: ownership of real assets within a Mediterranean living environment; options to reside, vacation, or rent out the property depending on project regulations; and creating a basis for a permanent residency application if the property and the buyer meet all eligibility criteria. Due diligence regarding ownership rights, construction progress, VAT, operating costs, liquidity, and lease agreements is necessary.
Refer to the official Cyprus government regulations: Immigration Permits for Investors. Cyprus is not synonymous with free movement within the Schengen Area; the status of Schengen accession should be updated separately.
Konia Green – townhouses and villas in the suburbs of Paphos
According to Pafilia, the project is located in Konia, a residential suburb of Paphos. Reference prices in the 2025 document: townhouses from €380,000 + VAT and villas from €585,000 + VAT; these are historical prices, and current quotes for specific units must be obtained.
Why consider Konia Green?
The location is focused on family living, low-rise housing, and a quieter atmosphere compared to coastal tourist areas. Investors should consider their actual living needs, commuting distance to work/school, and the rental potential in the area.
Pafilia included Konia Green in their project progress update report for August 2026.
Prices and commercial policies are information released by the developer at the time of submission and are subject to change. VAT refunds, profits, and rental guarantees depend on legal conditions, contracts, and specific units; there is no guarantee of returns or the granting of permanent residency.