1. Periods of absence from the country shall not disrupt the renewal of the residence permit. This website uses cookies to manage authentication, navigation, and other functions. The provisions of this Article shall apply accordingly for the entry and residence of third-country nationals in the context of new investments realized by Greek undertakings, already operating or third country nationals who already reside legally in Greece and hold residence permits for purposes of independent economic or investment activity. Note: The statistical data provided correspond to/reflect the valid residence permits at the moment of their extraction from the database of the Ministry of Migration and Asylum.Therefore, at any subsequent data extraction, the number of valid residence permits per month or per year may increase, given the fact that pending applications are examined by the competent services during the period between two consecutive data extraction dates and relevant new residence permits are issued, with an effective date retroactively corresponding to the date of submission of the application by the interested party. “ The consideration is paid by a crossed bank cheque to a bank account of the beneficiary, held in a credit institution operating in Greece or with a credit transfer, as defined by Law 4537/2018 article 4, par. First things first, investors must choose a property and hire a lawyer to verify the property documents over the following month (to authenticate the title certificate and ensure there are no encumbrances or debts associated with the property). GCI - Global Citizenship by Investment is the first to offer this opportunity to secure a highly respected passport around the world. This decision can be reversed. GREECE. Greece is home to a population of around 11 million, known for embracing a peaceful and a culturally rich nation. 1, may be accompanied by the members of their family, being granted residence permit for family reunification, expiring simultaneously with the residence permit of the sponsors, as well as by the support staff, in the case of people with disabilities. II. Purchase of the real estate property for a minimum of €250 000. Reconsider Cookies The application is then submitted to the official Directorate of Immigration. Contact through WhatsApp as well, or write a Email. Economic activity in Greece with a minimum investments of €300 000. The Directorate for Migration Policy of the Ministry of Migration Policy is responsible for the examination of the application and the decision on the issue or the renewal of the residence permit for the realization of investment activity. 6. Remove Cookies Greece is a country with 131,957 km² area and with the population of 10.8 million people. Spouses b. the other spouse or partner with whom a third-country national has a cohabitation agreement in Greece c. The direct unmarried descendants of the spouses, who are under the age of 21 d. the direct unmarried descendants of the supporter or of the other spouse/partner , provided that their custody has been legally entrusted to the sponsor (for his/her children) and to the other partner (for his/her children), under 21 years of age e. the direct relatives of the spouses in the ascending line. Moreover, it allows the granting of residence permits to third country nationals and to members of their families, who purchase real estate property in Greece, the value of which exceeds € 250,000. 2. The duration of validity of the residence permit is for five years and is subject to renewal for an equal period each time, provided the implementation of the investment or its operation is continued after its completion. Change Cookie Consent 3. For financially independent persons. Residence permits to investors/real estate owners - Top 10 countries, Source: Ministry οf Migration and Asylum General Secretariat for Immigration Policy, Residence permits to investors/real estate owners per year, Source: Ministry οf Migration and AsylumGeneral Secretariat for Immigration Policy, Residence permits to investors/real estate owners and their families per year. Please download here a Brief Guide to Residence Permits for investment activity in Greece, edited by Enterprise Greece, in the following languages: English, Greek, Chinese, Russian, Arabic and Turkish. The minimum value of the real estate property, as well as the contractual consideration of hotel accommodation or tourist residences leases of this Article, is determined at two hundred and fifty thousand (250,000) euro and must have been paid in full upon the signing of the contract. There is no minimum stay requirement and children up to the age of 21 are included in the family application. The residence permit granted to the above non-EU/EEA citizens does not entitle them to work in Greece. Call us: +66 99091 8357 Firstly, due to the recent economic crisis, a lot of Greeks are cautious about investing in property. (c) has the full ownership, possession and peaceful enjoyment of real estate property in Greece via a legal entity, whose shares  are fully owned by him. The above third-country nationals, by way of derogation from the provisions of Article 70, par. The entrance and residence of third country nationals is permitted in Greece, for the purpose of making investments that will have a positive impact on national development and economy. The country’s history dates back to 800 BCE and has significantly influenced the language, arts, philosophy, politics, and physical pursuits of the modern world. The Immigration and Social Integration Code (Law 4251/2014, Government Gazette  1, no 80) contains provisions that facilitate the stay of third-country investors, whose investments are characterized as strategic investments, via the provision of extended stay time limits for the representatives of investment bodies and their partners. Residency by investment programme overview . The application and the required documents, as specified by the Joint Ministerial Decision, referred to in paragraph 12 of Article 136, are submitted to the Greek Consular Authority of the area of residence of the interested persons, which, within one month, forwards them to the Directorate of Foreign Investments of the Ministry of Economy and Development.The above Directorate, within a month, examines the application and forwards the relevant motion to the competent Consular Authority in order for the required national visas to be issued. The above third-country nationals, by way of derogation from the provisions of Article 70, par. Purchase of shares, corporate bonds, or Greek Treasury bonds, which are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece, of an acquisition value of at least eight hundred thousand (800,000) euro. 1. Greece offering residency without citizenship. First of all, the applicant must apply for an entry visa to Greece through the standard visa procedure. Purchase of Greek Treasury bonds, with an acquisition value of at least four hundred thousand (400,000) euros and a residual duration, at the time of purchase, at least three (3) years, through a credit institution established in Greece, which is also their custodian. 3. It has about 11 million inhabitants and its capital and largest city is Athens. The applicant investor would also get a right to work in Greece as well as in all the Schengen countries. greece-residency-investment. Living & Working: Residents may only live in Greece. There is no minimum stay requirement and children up to the age of 21 are included in the family application. When researching the programme it is important to work with professionals who will show you profitable investment opportunities in Greece to … Greeks comprise 2.1% of the total EU population. You will enjoy Greek gastronomy and a beautiful natural environment every day. (d) has concluded an agreement for at least  a ten year lease of hotel accommodation or furnished tourist residences in tourist accommodation complexes, pursuant to Article 8 par. Greece is one of the nicest country in Europe that has amazing investment opportunities. 11 operating in Greece”. The above third-country national may be accompanied by the members of his family to whom,  at their request,  an  individual residence permit is issued,  that expires together with the residence permit of the sponsor. By decision of the Secretary General of the Decentralized Administration,  residence permit for five years, subject to renewal,  is granted to  a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. 5. The VAT level varies dependent on the region and is between 16-23%. Greece is one of the nicest country in Europe that has amazing investment opportunities. Joint buyers can combine investments into one property. The lawyer will later assist in paying the taxes related to the property purchase. COPYRIGHT © 2020 ENTERPRISE GREECE - ALL RIGHTS RESERVED, Industrial, Consumer & Construction Product Exports. Above all, The program entails investing in Real Estate and some other forms of investment. The Greece Residency by Investment Program was introduced by the Greek government in 2013 to enable genuine investors to acquire residency in Greece by investing in real estate. The Golden Visa Program in Greece is an investor visa and it can be renewed indefinitely as long … Any number of properties can combine to make up the €250,000 minimum investment. You are likely to be able to invest in publicly traded bonds and shares, as well as in Greek real estate, to get residence. Greece Golden Visa ⏩ MIGRONIS Greece Permanent Residence Permit by Investment ☝ Visa-free access to Schengen Area! GREECE RESIDENCY BY INVESTMENT PROGRAMME BENEFITS. Greece Residency by Investment. - family members of the non-EU/EEA citizen. 4. In all other cases of joint ownership, the right of residence is granted only if the   joint ownership rate of each joint owner is worth 250,000 euro. 6. Term deposit of at least four hundred thousand (400,000) euros, in a domestic credit institution, for at least one year, with a standing renewal order. An investment of €250,000 is required in real estate in Greece making the Greek programme the lowest investment level of any real estate residency visa scheme in Europe. Full Investment: € 250,000: For a full breakdown of the government fees, legal fees and other fees payable, please contact us. But with less TAX, cheaper Living cost and 360 sun days! Greek Real Estate Investment Visa Program. The Greek residency-by-investment programme is considered one of the most affordable programmes providing fast-track access to Europe within 2-3 months. 1, may be accompanied by the members of their families who are granted a residence permit for family reunification,  expiring simultaneously with the residence permit of the sponsors. Greece has been a member of the EU since 1981 and the eurozone since 2001. You have allowed cookies to be placed on your computer. (We are a designed Agent of the Government.). There is no minimum stay requirement and children up to the age of 21 are included in the family application. Although, Greece is a great place to reside for individuals and families. If the Secretary-General approves the application, the investor and family will receive the residence permit. It’s worth pointing out that the Greek Real Estate Investment Visa Program doesn’t suit everyone. A person entre into a timeshare agreement or rent for accommodation in hotels or tourist residences furnished in a tourist facility Joint in Greece for a minimum of 10 years the same amount not less than 250,000 euros. Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. Our outstanding team of professional consultants has been carefully selected and works towards our company ethos: Our clients are successful businessmen and their families you think smart about their future. Greece citizenship is an perfect Option for EU and on the same Level of visa free Countries, like Germany. The Residency Permit Program of Greece requires investing a minimum of €250,000 + VAT into Real Estate in Greece. By decision of the Secretary General of the Decentralized Administration, residence permit for five years, subject to renewal, is granted to a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. The visa is granted for five years and renewed every five years if the property investment is retained. Greece is a member of the EU Schengen visa zone so holder of the Greek residency permit has the freedom to travel throughout the European Union nations. 2. The name of the session cookie is randomly generated. Citizenship or residency are available to qualified investors who contribute to the economy through an investment in government-approved assets or economic development initiatives. A Golden visa application in Greece can now be processed even faster and grant residency by investment in around 2 months. Greece Residency Golden Visa Program. The ability to travel in Europe is one of the top goals for many seeking residency-by-investment programs, and one of the least expensive and easiest ways to obtain it is in Greece. Its official language is Greek and its official currency is the Euro (EUR). Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. €250,000 investment in real estate, anywhere in Greece Children under 21 included together with your spouse and both sets of parents 3 to 6 months to residency for the applicant and dependents 1. In the case of jointly owned property, worth 250,00… (either residential or commercial), that can include one or more properties; Max ages that Children can be included on a Permanent residence permit application: - Children below 21 are eligible; Years for Permanent residence … Non-EU citizens who buy a property in Greece with the minimum value of 250,000 Euro can benefit from the new and accelerated procedure for obtaining a Permanent Residence (PR) Permit in Greece and the new positive changes to the Greek Investment Immigration Program. This is why it is one of the more popular Golden Visa programs. 8. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Venture Capital Company (VCC) under article 5 of Law 2367/1995 (OJHR A-261) for the acquisition of stock, or capital contribution to a Venture Capital Fund (VCF) under article 7 of Law 2992/2002 (OJHR A-54) for the acquisition of stock, provided that the object of the said Alternative Investment Funds (AIF) is to invest exclusively in companies headquartered or established in Greece. It is not necessary to live in the country in order to retain and renew the investor visa. Click here to see full Cookies Table. The applicant for Golden Visa Residency in Greece by investment and the members of his/her family did not have a criminal record in the past and are not included in the Greece Undesirable Persons Catalog. Depending on the amount and the characteristics of the investment, up to ten third country nationals may enter and reside in the country, including the investors, for the implementation and operation of the investment. Applications can be fast-tracked and there's no requirement to permanently reside in Greece. The above visa is issued free of charge, on the procurement of the decision of the Interministerial Committee of Strategic Investments, which characterizes the investment as  "Strategic Investment" and the motion of the Secretary-General for Strategic and Private Investments referring to the relation of  third country nationals with the entity realizing the strategic investment . Suitable for: Individuals who are looking for permanent residency for themselves and their families in an EU country, but who are also looking for opportunities that’ll yield good returns. 1. Greece offers 3 ways of your participation in the state investment program “Greek residence permit”. Property Closing Costs are approximately 10% . Greece Investment Immigration Programs Overview. View costs. In the residence permit of third-country nationals referred to in paragraph 1 of this Article, it shall be stated “Residence permit for investment activity "and in the" Remarks " the professional status of the holder shall be referenced. Copyrights © 2019 All Rights Reserved by GCI - Global Citizenship Investment. There is no minimum stay requirement and children up to the age of 21 are included in the family application. The above are granted, by decision of the Minister for the Interior, a ten-year residence permit, which is renewed for ten years, provided the same requirements are met. Passport around the world order to retain and renew the investor visa is... Is a great place to reside for individuals and families in Europe that has amazing investment opportunities for five if. Five year residency visa in return for an entry visa to Greece through standard. 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