Greece

Its all about POWERFUL PASSPORTS



Overview

The Program
The Immigration and Social Integration Code (Law 4251/2014, Government Gazette 1, no 80) contains provisions that facilitate the stay of third-country investors, whose investments are characterized as strategic investments, via the provision of extended stay time limits for the representatives of investment bodies and their partners.

Moreover, it allows the granting of residence permits to third-country nationals and to members of their families, who purchase real estate property in Greece, the value of which exceeds € 250,000.

Permanent Residence

  • The Permanent Residence permit is for five years, subject to renewal and applies to:

  • The applicant; The spouse;

  • The direct unmarried descendants of the spouses, who are under the age of 21

  • The holders of the residence permit are not required to reside in Greece; one visit once every two years is sufficient.

  • With the PR status the holders can live freely in Greece or continue to live in their home countries and use the permit whenever they need to. It also gives the opportunity to apply for Greece (EU) citizenship after aggregated 180 days of living in Greece for 7 proceeding years.


Investment Criteria
Investment in real estate of €250.000 (plus V.A.T.) This amount must be paid in full upon the signing of the contract.

The property, which can be located anywhere on the Greek mainland or the islands, can be either residential or commercial. Any number of properties can combine to make up the €250,000 minimum investment.
STEP 1: Initial trip to Cyprus by the Applicant

  • Meeting with the lawyers

  • Viewing of properties

  • Opening of a personal bank account

STEP 2: Acquisition of the Immovable Property

  • Due Diligence

  • Contract of Sale

  • Power of Attorney

  • Settlement of the purchase price

STEP 3: Preparation of documents

  • Documentation

  • Medical insurance


Time-frame
The procedure described for the examination of the application shall not exceed one month from the date of the submission of a complete application.

Expenses
IMMIGRATION LODGING FEE

STAMP DUTY

VAT

LEGAL FEE

EUR 500 EUR 1000 EUR 1.5% EUR 24% EUR 1000

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