Charming Greece occupies a central position between Africa, Asia and Europe. Since ancient times it has contributed greatly to ‘Western’ civilisation, most notably in the fields of philosophy, culture (e.g. drama), politics (democracy), mathematics and science. The country’s rich heritage is reflected in its 18 UNESCO World Heritage Sites, drawing tourists from all over the world.
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In 2014 the Greek government introduced friendly regulations for third-country property owners and their immediate family to obtain residence permits. The Program was launched under Law 4251/2014 (as published in the Government Gazette 1, no 80) of the Immigration and Social Integration Code. The permits, which must be renewed every five years, are issued for real estate investments to the value of at least EUR 250 000, plus VAT. The provisions are that the main applicant must be a third-country (that is, not an EEA or Swiss National) national, and must be 18 years or older. Applicants must have a clean criminal record and provide proof of medical cover (including hospitalization) while resident in Greece.
To obtain a residence permit, real estate owners in Greece must fulfil the following conditions:
The process typically takes less than two months from submission of the application. In some cases it can take as little as two weeks, and in most cases only one physical visit is required.
The application comprises the following documentation:
The approved agent will submit the application to the Alien and Immigration Department of the Decentralised Authority of the relevant area.
Family members (spouse, direct descendants of both spouses who are younger than 21 years and direct relatives of both spouses in the ascending line) may apply either at the same time as the main applicant or after the main applicant has been granted a residence permit. The family members will be granted a family reunification permit for the same period as the residence period of the main applicant.
|Real estate investment: purchase/lease/timeshare/development*||EUR 250 000|
|Government application fee (no contribution or due-diligence fee)||EUR 500|