Andriana Court

Andriana Court is a 3-bedroom city centre apartment development by Aristo Developers in Paphos, comprising 10 units (5 still available) with floor areas of 127-169 m². Starting price €325,000 (excluding VAT) – meeting the minimum threshold of €300,000 for the Cyprus permanent residency programme.

The project is located in Paphos city centre, close to urban amenities: schools, hospitals, shopping centres and the harbour. This is an entry-level apartment segment for clients investing in Cyprus PR.

Andriana Court Features

The building is designed with 4 floors and 10 apartments, each with 3 bedrooms and 2 bathrooms. The ground floor has a lobby + covered parking space. Apartment floor areas range from 127 m² (1st floor) to 169 m² (upper floors).

Each apartment is delivered with natural stone flooring, a modern matte kitchen, Bosch Series 4 appliances, Low-E aluminium windows, inverter air conditioning and good sound insulation between units. Energy Efficiency Class A.

Paphos City Centre Location

Paphos is the capital of western Cyprus, with a population of approximately 36,000, and its archaeological area was designated a UNESCO World Heritage Site in 1980. The city centre has a good transport system and is close to important urban amenities.

Distances: Paphos Marina (8 minutes' walk), Paphos Mall (10 minutes), American Medical Center (5 minutes), Iasis Hospital (12 minutes), PFO Airport (20 minutes' drive), Coral Bay Beach (25 minutes).

Aristo Developers – the developer

Aristo Developers is one of the oldest property developers in Cyprus, operating since 1980 with a portfolio of over 50 projects across the island. Headquartered in Paphos, the company specialises in developing holiday villas, apartments and golf resorts, notably the 1,000-hectare flagship Venus Rock Golf Resort.

Aristo has handed over thousands of properties to clients from the UK, Russia, China, Israel and the Middle East over four decades. The company is one of the few Cyprus developers with its own golf course and a full property management system.

Cyprus Permanent Residency Programme

Properties in this subdivision (prices from €300,000+VAT) are eligible for the Cyprus permanent residency by investment programme under Regulation 6(2) – also known as Category 6.2. This is one of the fastest permanent residency programmes in the EU, with a fast-track processing time of 2-6 months.

Key requirements: (1) minimum investment of €300,000 excluding VAT in NEW residential property purchased directly from the developer; (2) minimum overseas income of €50,000 per year (plus €15,000 for spouse and €10,000 per child); (3) clean criminal record; (4) suitable health insurance.

Benefits: permanent residency for the whole family (spouse, children under 18, financially dependent children aged 18-25), no continuous residency requirement, only one entry every two years is needed to maintain status.

Tax Advantages and Yield

A preferential VAT rate of 5% applies to the first 130 m² of a primary residence, provided the total transaction value is under €475,000 and the total built area is under 190 m². Above these thresholds, 19% VAT applies to the entire transaction. Investment properties for rent are subject to the standard 19% VAT.

Cyprus has double taxation treaties with over 65 countries. Capital Gains Tax is 20%, applied to gains exceeding inflation adjustments and a personal exemption of €17,086. The average market rental yield in Paphos is 3-5% per year (gross) for holiday properties, according to the Cyprus Real Estate Market Report 2025.