Greece ~ Permanent Residence Permit for Investors
Time to Permanent Residency: 0 Years ~ Time to Citizenship: – Years
Under the Immigration and Social Integration Code (Law 4251/2014, Government Gazette 1, no 80), non-EU nationals and their family members may be granted Greek residency in exchange for an investment in real estate.
Investment may be purchasing real estate property, or a timesharing agreement with a duration of at least 10 years, or lease with a duration of at least 10 years for hotel facilities or furnished homes in combined tourist facilities. It doesn’t matter whether the property is commercial or residential.
The minimum investment must be at least €250,000.
The residence permit has a duration of 5 years, renewable, provided that you still own the property.
Family members include the spouse, the direct descendants of the spouse who are under 21 years old and the direct parents of the spouse.
It is important to note that the years of residence in Greece under such a permit do not count towards obtaining Greek citizenship.
Investment
Real Estate
The minimum investment of at least €250,000 in real estate sector.
Requirements
– Copy of the notarial act proving the property acquisition.
– Notarial certificate that the act fulfills the requirements of article 36A of Law 3386/2005
– Proof of registration to the competent land registry.
– Valid passport or other travel document that is recognized by Greece
– Copy of penal status
– Medical certificate proving that you have no contagious disease, which may endanger public health
– Travel insurance
If the property has not been paid in full:
– Proof of the asset’s value exceeding €250,000 (i.e. certificate by a recognized first class bank or official financial organization or other recognized securities depository, attesting the existence of bank accounts or other securities, especially bonds or shares).
– Copy of brokerage assignment to a law firm or real estate agency.
If the property has been acquired through a legal entity:
– Copy of the notarial act proving the property acquisition.
– Copy of the articles of incorporation of the legal entity, proving that the third country national owns all corporate dividends or shares.
In case hotel accommodation or furnished tourist residences in a combined tourist facility are leased for a period of at least ten years:
-Copy of a notarial act concerning the lease of hotel accommodation or furnished tourist residences in a combined tourist facility leased for a period of at least ten years. The above facility must be registered with the Greek National Tourism Organization (GNTO)
– Proof that the lease contract was properly registered at the local Land Registry.
Documents Required
Two passport-size photos- Certified copy of passport
- Evidence of Health Insurance
- Original Police Clearance Certificate
- Medical Certificate
- Title Deeds or Proof of Registration of Real Estate
- Notarial act proving real estate acquisition
- Proof of net wealth
- Certified copy of Business License or Incorporation documents (if applicable)
