Q & A
Greece Residence Permit Real Estate
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Q
What is the Greece Golden Visa Program?
A
It is a program whereby an investor (including his/her eligible family members) are granted Permanent Residency by buying property in Greece |
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Q
For what duration is the Greece Residence Permit granted ?
A
Five years |
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Q
Can the Greece Residence Permit be renewed?
A
Yes, subject to the Greece Property Investment being retained by the investor |
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Q
Can I sell the real estate property?
A
Yes. However, the investor must buy another real estate property before sale of the original property, of a minimum value of € 250,000, in order to retain validity of the Resident Permit. |
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Q
What kind of real estate property can I invest in?
A
Residential, Commercial, industrial or agricultural land, provided the minimum value in each case is € 250,000. |
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Q
Can I buy two or more properties totaling a minimum of € 250,000?
A
Yes |
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Q
Can I lease / rent out the Greece Property Investment?
A
Yes |
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Q
Can I take a mortgage out on the Greece Property Investment in order to receive a loan?
A
Yes. |
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Q
Are there any language, education or work experience / business background requirements to be met?
A
No. |
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Q
Are there any residency requirements to be met?
A
No. |
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Q
What are the ‘Qualifying Criteria’ for the Main Applicant?
A
Following are the qualifying criteria : |
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Q
Which family members are eligible to apply along with the Main Applicant?
A
Following are the ‘eligible’ family members : |
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Q
Does Greece Residence Permit grant access to any type of employment in Greece?
A
No. However, you may establish a business. |
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Q
How long does it take for a Greece Residence Permit to be issued from the date of submission of application?
A
Two months |
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Q
Does the Greece Residence Permit grant visa-free access to any country?
A
Yes – to the whole of the European Union & the Schengen Area |
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Q
As a holder of a Greece Residence Permit can I apply for long-term residence status or citizenship?
A
Yes. A third country citizen has the right to apply for long-term residence status, subject to certain conditions being met. Grant of long-term residence is a pre-requisite to apply for Greece Citizenship by naturalization, provided certain requirements are met. |
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Q
How can Migratesmart® help us?
A
Our partnerships with leading & highly reputed law firms in all countries that we operate in, or provide services for, enables us to provide end-to-end solutions & services to our clients. We can take care of every aspect of your migration process & ensure you derive maximum benefit from our expert knowledge & advice. |
