Q & A

 

Greece Residence Permit Real Estate

Q
What is the Greece Golden Visa Program?
A

It is a program whereby an investor (including his/her eligible family members) is granted Permanent Residency by buying property in Greece


Q
For what duration is the Greece Residence Permit granted?
A

Five years, renewable indefinitely


Q
Can the Greece Residence Permit be renewed?
A

Yes, subject to the Greece Property Investment being retained by the investor


Q
Can I sell the real estate property?
A

Yes. However, the investor must buy another real estate property before the sale of the original property, of a minimum value of € 250,000 or € 500,000 (depending on the location of the property) to retain the validity of the Resident Permit.


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 or € 500,000 depending on the location of the property


Q
Can I buy two or more properties?
A

Yes


Q
Can I lease/rent out the Greece Property Investment?
A

Yes


Q
Can I take a mortgage out on the Greece Property Investment to receive a loan?
A

Yes.


Q
Are there any language, education, or work experience/business background requirements to be met?
A

No.


Q
Are there any residency requirements to be met?
A

No.


Q
What are the ‘Qualifying Criteria’ for the Main Applicant?
A

The following are the qualifying criteria :
• Must be at least 18 years of age
• A non-EU & non-EEA citizen
• No criminal history


Q
Which family members are eligible to apply along with the Main Applicant?
A

Following are the ‘eligible’ family members :
• Spouse
• Unmarried children of both spouses, under the age of 21
• Dependant parents of both spouses


Q
Does the Greece Residence Permit grant access to any type of employment in Greece?
A

No. However, you may establish a business.


Q
How long does it take for a Greece Residence Permit to be issued from the date of submission of application?
A

Two months


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


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.


Q
How can Migratesmart® help us?
A

We can help you through the entire process of acquiring a suitable property that is beneficial for you and preparing and submitting your residence application under prevailing Greek laws. Our experience will ensure that you succeed in the process and benefit from our 100% success rate.