Greek Residency
We mentioned about purchasing property in Greece to get a permanent residence permit, but there are also some other methods to get it.
As a non-EU investor, you should fulfill one or more of the following conditions to receive a Permanent Residence Permit in Greece (Golden Visa):
- Purchase of a property in Greece with a minimum value of 250.000 Euro
- Purchase of more than one properties with a total minimum value of 250.000 Euro
- The Real Estate Property must be owned by and be in possession of its owners
In cases of joint ownership, where the value of the property is €250.000, the Residency Permit is only granted if the owners are spouses with undivided ownership of the property. In all other cases of joint ownership, the residence permit is only granted if the amount invested by each of the joint owners is at least €250.000
- If the owner has acquired the property through a legal entity, the applicant must own 100% of the company shares
- The Residency Permit is also granted in cases where the non-EU citizen is the owner through one or more legal entities where he is the sole owner or shareholder of those entities
We do. It is part of our services portfolio to handle all the necessary paperwork on behalf of the applicant:
– The application process for the initial residence permit,
– the submission of any additional required documentation
– and finally the collection of the receipt of the residence permit.
We also deal with all aspects regarding the purchase of the property.
As soon as you submit the residency application you will receive a confirmation receipt that serves as a one year provisional residency permit. You can reside legally in the country for the duration of the confirmation receipt (one year) and you are entitled to all the benefits of the final permit. In the mean time (two to four months) you will receive the final residency permit certificate.
Yes. After seven years of continuous residency the permit holders may apply for Greek citizenship.
[law No. 4332/2015, Greek Government Gazette Number 76 A’, July 2015]
For the citizenship eligibility there are certain criteria to be met :
– Knowledge of Greek language. Knowledge of Greek history and elements of civilisation.
– The applicant must live in Greece for most of the time before the application.
With the approval of the application the investor receives:
– Greek – European Union
The holders of the residence permit have access to public education, in the same way as Greek citizens.
There is a variety of state and private schools and universities with multilingual syllabus.
They have also access to the Greek public health system.
Residence permit holders and their family members, must also have private insurance policies that covers their healthcare and medical care expenses.
You may travel with your passport and the residency permit to all countries that are part of the European Union and belong to the Schengen Area:
Austria, Belgium, France, Germany, Denmark, Estonia, Spain, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Hungary, Poland, Portugal, Slovakia, Slovenia, Sweden, Czech Republic and Finland.
You may also travel to these Non-EU countries that belong to the Schengen Area:
Iceland, Norway, Switzerland and Liechtenstein.
Please note that after the residence permit has been issued, you may also travel to any Schengen country directly from your country. You do not need to go through Greece first.