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) are granted Permanent Residency by buying property in Greece


Q
For what duration is the Greece Residence Permit granted ?

A

Five years


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 sale of the original property, of a minimum value of € 250,000, in order to retain 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.


Q
Can I buy two or more properties totaling a minimum of € 250,000?

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 in order 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

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 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

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.