GOLDEN VISA
DESCRIPTION
A residence permit is any kind of certification provided by the Greek authorities that allows a third-country national to reside legally in the Greek territory, in accordance with European Union provisions (Regulation 1030/02, as in force). There are different categories of residence permits as well as types of permits for each category.
Residence permit for real estate owners is a new type of residence permit and applies to third country nationals who have entered the country legally with any type of entry visa (D or C) or are legally resident in the country, even if their residence permit is not allows change of purpose.
INVESTMENT
A € 250,000 investment in Greek real estate is required, making the Greek program the lowest level of investment in any real estate visa system in Europe. The property, which can be located anywhere in mainland Greece or the islands, can be domestic or commercial. Any number of properties can be combined to cover the minimum investment of € 250,000. Buyers can combine investment in a property.
In addition, third-country nationals who have leased hotel accommodation or tourist furnished accommodation in complex tourist accommodation for at least 10 years have the right to obtain a residence permit, provided that the minimum lease amount is € 250,000 or third-country nationals who are legally resident a person based in Greece or another EU Member State, provided that they are wholly owned by the shares or company shares, in full ownership and possession of a real estate in Greece, the minimum amount of which is two hundred and fifty thousand (250,000) euros.
The applicant must have invested in real estate in Greece before applying for a visa. Once a property has been selected, the lawyers we recommend can take care of the application process, the conveyancing and the legal actions required to complete the process.
There is no minimum residence requirement and the visa can be renewed after five years if the investment is maintained.
The residence permit allows the applicant to live in Greece but not to work. However, the applicant may establish businesses in Greece.
If the person wishes to enter the country with a Type D visa, the intent to purchase the property should be proved by documents proving the financial ability to certify the existence of bank accounts or other to cover the investment funds, at least € 250,000 and the applicant's intention to purchase the property (contract to a law firm or real estate agency).
For third-country nationals who have leased hotel accommodation or tourist furnished accommodation in complex tourist accommodation for at least ten years, since the minimum lease amount is € 250,000, the lease payment corresponding to the ten-year lease of the accommodation or tourist furnished dwellings should result from the contract. In the above cases, the amount of the real estate will be determined by the real estate or lease values stated in the contract. It is clarified that the value of the property for the purposes of Law 4251/2014 means the amount explicitly stated in the contract that it was paid for the purchase and sale. It does not matter the fair value of the property unless it is the amount stated in the contract that was paid for the purchase and sale.