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Golden Visa / Residence Permit by Property Acquisition

Launched in July 2013, more specifically law No 4251/2014 that allows citizens from any non-European countries to acquire a European residence permit by investment.

 

RPs with purchase of Real Estate Properties, or as usually referred to as “the Greek Golden Visa Program”, requires a real estate related investment of at least €250,000.00, giving the right to permanently reside in Greece and travel to 26 European countries for 3 months every semester. The duration of the RP is permanent and the holder is required to renew it every 5 years. Beneficiaries are the property or landowners or timeshare agreement leasers (for hotel units/tourist accommodations) and the family members (spouse, parents, parents in law and children up to 21y extendable until 24y).

Some of the main advantages regarding the purchase are that joint ownership is allowed if the owners are spouses with undivided ownership, the purchase can be completed through a legal entity, and gives the right to purchase more than one property. Moreover, resale of property is permitted, and if the property is replaced/swapped by a new one of at least €250.000 value, then the RP remains to be valid. Finally, the amount of the purchasing contract can be delivered by double-crossed bank cheque/cheques issued by a bank account in Greece, via wire transfer or POS.

Regarding the submission of application, the investor through his/her proxy lawyers submits the required documents to the relevant Authority, provides biometric data (fingerprints) and receives a temporary certificate allowing him/her to travel from & to his/her homeland, until the final residence permit issuance.

STEPS

Residence Permit by Investment
Residence Permit by Investment
Residence Permit by Investment in Bonds, Securities or Bank Deposits
Residence Permit by Investment in Bonds, Securities or Bank Deposits
Residence Permit for Financially Indepedent Individuals
Residence Permit for Financially Indepedent Individuals