Golden Visa Greece – permanent residence permit
Get EU Residence Permit with us – The easiest and safest way
The Golden Visa program has undergone significant changes (01.04.2024), including increased investment limits, effective from September 2024. Investors who make a 10% deposit by September 30, 2024, and complete their investment by December 31, 2024, have no impact from the new rules.
Tier 1 | 800,000 EUR: This is a real estate investment in the areas of Attica, Piraeus, Thessaloniki, Mykonos, Santorini, and the islands, which have a population of more than 3,000 inhabitants.
Tier 2 | 400,000 EUR: This tier covers all other regions of Greece and establishes a more attainable entry point of 400,000 EUR.
The requirement for both tiers: Investment is to be made in a single property of at least 120 square meters. The investor can no longer buy 2 or three smaller properties that in total will grand him the Golden Visa.
Important! : The program adjustments will not have retroactive effects. The investments made under the previous regulations will proceed as planned. The same applies for those investors that will move quickly and pay a 10% instalment by 30th of September 2024 and full payment by 31st of December 2024).
Therefore, the efforts of the previous applicants and their financial commitments will be secured as they have already embarked on the Greek Golden Visa process.
Investors can apply under the 250k minimum threshold with a 10% deposit by September 30, 2024, and final investment by December 31, 2024, and alternative property completion by April 30, 2025.
A major reversal occurs not only in terms of the value limits of the properties to be offered, but also in special provisions for the characteristics that the properties offered (e.g. surface area) under the Golden Visa program.
In order to obtain the “golden passport”, investors will have to buy with 800,000 or 400,000 euros (depending on the region) a property that must also have a surface area of 120 square meters or larger.
That it excludes from the scheme studios and small houses
Required Investment 800,000 euros for the golden visa: Property in the Attica Region, the Thessaloniki Region, Mykonos and Santorini and islands with a population of more than 3,000 inhabitants.
Besides Mykonos, Santorini also the following islands will now have investment property limit 800.000 euros:
Ithaca, Skopelos, Skiathos, Tinos, Andros, Paros, Aegina, Naxos, Syros, Lefkada, Kos, Samos, Kefalonia, Zakynthos, Lesvos, Corfu, Rhodes and Evia.
Non-European citizens can apply for 5 year Greek-European residency fully renewable after that. Working in partnership with immigration lawyers we are able to provide clients with expert advice and assistance through the whole process.
Residency is given to non European Union purchasers of property. A five year buyer’s residency as well as the chance of obtaining a Schengen visa that can enable the holders and their families (spouses and children under the age of 21) to freely travel in the Schengen area of 25 European countries. The residency can be renewed after the initial five year period.
Residence Permits – Real Estate Owners in Greece
By decision of the General Secretary of Decentralized Administration, a residence permit for five (5) years is issued to a third-country citizen, if he/she has obtained a visa, if required, and legally owns, either personally or through a legal entity whose shares are wholly owned by him/her, property in Greece.
The aforementioned residence permit may be renewed for the same duration (five years), if the property remains unchanged in its legal ownership status as described above and the contracts of ownership remain in effect, and other statutory conditions detailed above are met.
OUR SERVICES
GOLD VISA procedure from A to Z:
We and the Greek lawyer that we will provide you :
- will make the process to get a Greek Tax number (AFM) that is necessary for any purchase.
- will support you in opening a Greek bank account.
- will prepare the contract of sale.
- will register the contract in the land registry office.
- will apply for your permanent residence in Greece.
- will grant you (in a maximum 30 days) permanent residency and an open Schengen Visa.
Documents required for the main applicant:
- Valid Passport
- Three recent color photographs.
- A health certificate from a Greek state hospital or a Private doctor certifying that the applicant doesn’t suffer from any diseases who may be a risk to public health.
Additional Documents that will be provided by the lawyer:
- A copy of the contract of sale of the property/ies (with a minimum of €250.000)..
- Certification from the notary that the purchase contract covers the requirements of Article 6.2 of law 4146/2013 i.e. and the property is fully paid.
- Evidence that the contract of sale has been registered in the government land registry.
- A certificate of health insurance in Greece.
Documents required for the family:
- An original notarized passport copy
- Three recent color photographs.
- A health certificate from a Greek state hospital or a Private doctor certifying that the applicant doesn’t suffer from any diseases who may be a risk to public health.
- A certificate of health insurance in Greece.
- A recent certificate of your civil status from the foreign authorities.
Extra Purchasing Costs
-3,09% Propety Transfer Tax
-Lawyers Fee (usually around 1%)
– 2.200 euro the fee paid to the state at the time of submitting the application for EU Residency for 2 persons (Golden Visa)
– 200 euro for a private insurance for 2 persons that is required (100 euro each)
– Notary (around 1%)
– Land registry
– 2% Brokerage Fee
