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Greece is a unique place to live! What does Greece offer for buyers of real estate or third country investors: Permanent residence permits in Greece which is automatically renewed every 5 years, as long as the property remains in the possession of the buyer, ie for life.
1. Property owner
3. To parents and father-in-law
4. To children up to 21 years old (which children's leave can be extended up to 24 years old). Transportation and installation in 26 European countries for 3 months every 6 months, without additional requirements, because it is a SCHENGEN Visa.
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a) Third country nationals intending to invest in Greece (investors), either in person or through a legal entity, provided that their investment plan meets the conditions set by the legal framework, as described below.
b) to third country nationals, company executives, who participate in the implementation or operation of the described investment plan (senior and middle management or specialists necessary for the plan). The above provision for third-country nationals, company executives, also applies, with the same prerequisites, to domestic companies that are already operating and implementing a new investment.
c) to members of the family of a third country national
a) Investment activity there is no restrictions on the sector of activity or the location of the investment project. The condition that the investment must meet is to have a positive impact on national growth and the economy. The investment activity can be realized through the construction of new facilities (Greenfield investments) or through business acquisition, restructuring or expansion of existing activities (Brownfield investments).Factors considered in assessing the impact on national development and the economy are job creation, domestic resource utilization and vertical production, export orientation, innovation and the adoption of new technology.
b) Investment amount the legal framework does not set specific limits as to the total amount of the investment plan. However, an investor applying for a residence permit under this scheme will have to contribute at least € 250,000 from equity. In addition, the number of licenses provided for executives per investment project depends on the amount of investment for all investors. Finally, the number of residence permits issued per investment project may not exceed 10 (for investors and executives).
Also, you have the opportunity to invest in several houses to complete the value of € 250,000. For more information and legal terms read below:
PERMANENT RESIDENCE PERMIT FOR INVESTORS (OWNERS)I am a third country national and I own or have wanted to buy real estate in Greece as an individual. Can I apply for a residence permit in Greece? Yes, you have the right to apply for a residence permit for property owners, the value of the property, as stated in the purchase contract, is at least € 250,000. This residence permit (article 20B of Law 4251/2014, as in force) can be renewed every five (5) years provided that they are still the owner of the property. I am a third country national who has received the "permanent residence permit for investors" for 5 years, as I am the owner of a property worth € 250,000 in Greece. Do I have the right to sell the property and keep the residence permit? Yes, you can sell the property, but in order to maintain the residence permit and before selling this one, you must have purchased another property. How do I pay for a property purchase? Τhe amount paid by a two-line check or by deposit in a bank transfer to the beneficiary's bank account is kept in a bank in Greece or in a credit institution, under the supervision of the Bank of Greece, the specific details of which must be declared by the parties before the notary draws up the contract and must be included in it. What is the procedure I have to follow? The procedure you must follow, if you have already bought or intend to buy a property in Greece, is the following:
Step 1: Start a visa at the Greek Consulate:
Visit the Greek at your residence and apply for a visa to enter Greece (type C visa, or, possibly, type D). In case you are a third country national who is exempted from the visa requirement, you can enter Greece with an "entry stamp" in your passport, from the competent border control authority. When you keep the appropriate visa or "entry stamp" in your passport, you can enter Greece and apply immediately for a residence permit, after all the procedures for buying real estate are finalized. In any case, you must apply for a residence permit while your visa is valid.
Step 2: the supporting documents required to apply for a residence permit for property owners:
To apply for a "permanent residence permit for investors", the following documents:
Four (4) recent passport-type color photographs in print and optical disc (CD) storage
Certified copy of the valid passport or travel document recognized by our country, with the valid entry visa, where required
The fee in the form of electronic fee according to article 132 of law 4251/2014, which during the residence permit up to five (5) years is five hundred (500) euros. No fees are required for minors (under 18).The fee in the form of the electronic fee according to article 1 of law 4018/2011, which amounts to sixteen (16) euros and concerns the cost of printing the residence permit in the form of a separate document (electronic card Certificate from an insurance company to cover the costs of hospitalization and medical care. To prove the fulfilment of this situation, the following are accepted: Either insurance policies were made abroad or if it is explicitly mentioned that it concerns the coverage as long as they reside in Greece or in insurance contracts concluded in Greece.
In addition, the following documents should be collected as appropriate1. Residence permit to third country nationals, the owners when ownership and possession, in whole or in part, of real estate in Greece. A purchase contract stating that the contract for the purchase and sale of the property is not subject to terms and conditions, with the total amount being an amount ......... which was paid in full by a cross-bank check or bank transaction and the proof of the transfer of the contract from the competent mortgage office.2. Residence permit for third-country nationals who have real estate in Greece through a legal entity whose shares or company shares are wholly owned. A purchase contract stating that the contract for the purchase and sale of the property is not subject to terms and conditions, with the total amount being an amount which was paid in full by a cross-bank check or by bank transfer to the account of the beneficiary held with a banking institution in Greece or to a credit institution under the supervision of the Bank of Greece, the details of which must be reported by the parties the notary public's liaison officer, as well as the proof of the transfer of the contract from the competent mortgage office.
Step 3: The Application process
If the application is submitted by the lawyer-in-law, without the presence of the interested investor, the interested party is informed in writing from a specific date for the receipt of the biometric data required for the issuance of the residence permit, always in consultation with the lawyer-in -just, this date to serve the interested party. If travel planning changes and cannot be achieved by the scheduled date, the competent authority must be informed in good time through a lawyer-in-law of the new appointment date. In any case, as applications must be processed quickly and should not be left open for a long time, the arrival of interested parties to receive biometric data should be completed within six months of the application and in any case before the end of the year. One of the most important advantages enjoyed by the holders of the permanent residence permit for investors is that, apart from the initial entry in Greece, they have no obligation to remain in our country for any period of time, without being affected in any way or their residence permits. Therefore, and since the investor concerned is likely to leave Greece after the contract for the purchase or sale of the property, or even after the application for a "Permanent Investor Residence Permit", it is appropriate to define to the competent service, where the application is submitted, lawyer-in-law, through which the communication between the service and the service will be carried out whenever necessary.
Can a lawyer-in-law, acting on my behalf, apply and collect the residence permit? The authorized legal representative can proceed with the process and apply for a "permanent residence permit for investors" provided that the third-country national has entered the country ("entry stamp" in the passport) within a reasonable time before applying for a residence permit is submitted. However, in any case, the applicant is obliged to visit the Decentralized Authority by appointment, for the purpose of biometric data collection (digital facial images, two digital fingerprints and signature) according to the new application process and issuance of all residence permits in the form of a single, stand-alone document, also referred to as an "electronic residence permit". I bought a plot and want to build a building. Am I eligible for a "permanent residence permit for investment activity"? What are the required documents for this? Yes you are. A third-country national who has purchased a plot of land and intends to construct a building may apply for this residence permit, provided that the total value of the land purchased and the contract with the construction company is at least € 250,000.What will happen if a legal entity is interested in buying real estate in Greece? A third-country national who has full ownership, possession and possession of real estate in Greece through a legal entity whose entire shares or company shares are wholly owned by the applicant, has the right to apply for a "permanent residence permit for investors "I have a lease for hotel accommodation in Greece. Am I eligible for this residence permit? What are the required documents? Yes you are. A third-country national who has entered into a timeshare (lease) contract for at least 10 years, for hotel accommodation or furnished tourist accommodation in such complex tourist facilities, has the right to apply for a residence permit of a property owner, provided that the minimum The amount of the lease amounts to € 250,000.Can I bring my family members with me? What are the required documents for them? Yes you can. Third-country nationals may also be accompanied by their family members, to whom individual residence permits are issued upon request and are valid for as long as the sponsor's own permits are valid. Family members include: Family members include: (A) the spouse, (b) the direct descendants of both spouses or spouses who are under 21 years of age, (c) the immediate relatives of the spouses. Descendants over the age of 21 and up to 24 are granted an independent residence permit. Do I have the right to apply for a "permanent residence permit for the investor" if I personally own more than one property? Yes you have. You have the right to reside regardless of whether you own one or more properties, provided that their value is equal to or greater than € 250,000, as stated in the purchase contracts and the amount paid in one of the two above provided ways.Do I have the right to operate if I have been granted a "permanent residence permit for the investor"? No they do not. This residence permit does not give the right of access to any type of employment, according to article 20, paragraph 6, of law 4251/2014.Employment, in this case, does not include the exercise of economic activity in the capacity of shareholder or CEO of the companies established before your application for this residence permit. This exception for economic activity refers to third country nationals who are shareholders or managers of all types of capital companies (SAs, Ltd., limited liability companies). Family members who have been granted this residence permit have limited access to employment. I have a visa or a "permanent residence permit for the investor". Do I have the right to travel to other EU countries? Yes you have. Due to the principle of equality between residence permits and long-stay visas, all third-country nationals holding a residence permit issued in an EU Member State or a long-stay visa enjoy the right to free movement within the Schengen area, which means that they are able to travel to other Member States for up to 3 months within a period of 6 months, under the same conditions as those holding a residence permit. In addition, they also have the right to multiple entrances to the country. As a holder of a "permanent residence permit for the investor" can I apply for the status or citizenship of a long-term resident? Yes you can. According to article 8, paragraph 30, of law 4332/2015, the citizen of a third country has the right to submit an application for the status of long-term resident, if they meet the conditions of articles 89 and 90 of law 4251/2014. Having been granted long-term resident status is a prerequisite for applying for Greek citizenship by naturalization, provided that all other conditions are met.
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