This residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy, known as Golden Visa, represents one of the most popular investment visa programs in the EU.

GOLDEN VISA

MINIMUM PROPERTY VALUE. The minimum value of real estate acquisition was set at 500,000 euros – by amending the previous Law 4251/2014 – for the Regional Units of northern, central and southern Athens and the Municipality of Vari-Voula-Vouliagmeni Attica, the Municipality of Thessaloniki and the Regional Units of Mykonos and Santorini of the South Aegean Region, while for the rest of the country the minimum value remains at the amount of 250,000 euros.

NUMBER OF PROPERTIES. In the first case of property investment with a minimum value (500.000 euros): it can be carried out – by amendment of Law 4251/2014 – on a single property. In the second case of property investment with a minimum value (250.000 euros): it can be carried out in one or more properties.

More specifically, the Greek Golden visa program is a scheme launched by the Greek government, offering residence to property buyers or investors of non-EU origin, who purchase property in Greece that exceeds €250.000 in value. Compared to other European countries, Greece offers the most financially beneficial residency permit. The investment may consist of more than one property, residential or commercial, and there are no restrictions regarding the location, the age or the exploitation of the assets.

The Greek Golden Visa offers immediate five-year residency to the investor as well as their immediate family members, as well as free travel in the Schengen Zone and is automatically renewed every five (5) years, provided that the ownership of the assets is maintained. Periods of absence from the country shall not disrupt the renewal of the residence permit.

The holders of the Golden Visa may apply for Greek Citizenship and a European Passport after seven (7) years of lawful residency. Greek citizens enjoy visa-free or visa on arrival access to 171 countries and territories, ranking the Greek passport 7th in the world. Once applicants have acquired citizenship, they can dispose of their investment in Greece as no further visa renewals are required.

Why to get a Greek Golden Visa

  • You can apply for Greek citizenship after seven years of residence. Greece is a EU Member State, so you would have access to the EU free market and visa-free travel to more than a hundred countries.
  • There are no requirements to live in Greece for any duration in order to renew the residence permit.
  • You can extend the visa to include your family members, like your spouse, (unmarried) children under 21 years of age, and dependent parents of either yourself or your spouse. If your children are over the age of 21, but no older than 24, and they are students, they may also be included in the Golden Visa application. These family members are issued with a residence permit of the same duration as the applicant, but this permit does not include access to employment.
  • You and your family members will enjoy visa-free travel to the Schengen Zone.
  • You can choose to rent out your property after purchase.
  • You can live, work, and invest in Greece.
  • You have access to Greek education and healthcare

Application for a Greek Golden Visa. Documents and Procedure Guideline.

You must apply for an entry visa at one of the Greek Embassies or Consulates abroad.

Then, you come to Greece and finalize your investment. So since you have entered Greek Territory with a valid entry visa (no matter what the type), you can invest. This is where we start our job, with our experienced lawyers counseling and supporting you in every stage of the process. We actually help you:

  • Collect the required documents for the Greek Golden Visa.
  • Submit the documents at the local Alien and Immigration Department of the Decentralized Authority in Greece.
  • Wait for the visa to be processed. You will usually hear back about a decision within 3 months.
  • If the decision is positive, you have to travel back to Greece and we accompany you to submit your biometric information.

The required documents when applying for a Greece Golden Visa are:

  • Application form.
  • Passport that includes the entry visa as required.
  • Recent, passport-size pictures of yourself.
  • Proof of having paid the relevant government fees.
  • Proof of having obtained health insurance in Greece for yourself and any family members.
  • Proof of your funds.
  • Additional documents according to the type of investment you make, such as a contract of purchase which attests to the fact that there are no conditions or exemptions in the purchase, states the total price of the purchase, and the method of payment (it must be in full, via credit held in a financial institution operating in Greece or via a credit transfer.
  • Any other documents requested by the relevant authorities.

Our law office represents, guides and supports applicants who are interested in acquiring a Golden Visa in every stage of the process. More specifically, we offer legal services such as:

  • Counseling once you have found a suitable property to negotiating its price on your behalf.
  • Conduct Due diligence  of the property
  • Check the property (the previous contracts and owners at the Registry Land Service) in order to make sure that is legally ok .
  • Draft the private agreement
  • Gather the needed documentation from the Civil Engineer, the Tax service and the Municipality that authenticate that the real-estate is settled from taxes, urban arbitrariness and debts to the municipality.
  • Prepare the contract in collaboration with a public notary
  • Issue any certification needed from the authorized tax office
  • Help with opening a bank account in a Greek bank.
  • Help with finalizing and signing the property contract and registering it to the appropriate bodies (i.e. Land Registry and Cadastre).
  • Assisting with the collection of the necessary documents for the application for the Golden Visa in Greece
  • Submit the documents at the local Alien and Immigration Department of the Decentralized Authority in Greece.
  • Support you with filing for a residence permit application.
  • Translations and validation of any required documents.

 

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