Permanent Residency for Greece Through Real Estate Investment: A COMPREHENSIVE GUIDE

• Greece is a beautiful country with a rich cultural heritage, stunning landscapes, and warm, sunny weather. For many, it represents a dream destination, a place where they could potentially settle down, call home, and enjoy all the benefits that come with living in a European country. And now, with the new law on the stay of foreigners in Greece (4251/2014), citizens of third countries have a new way of making this dream a reality: by purchasing real estate.
• The law stipulates that anyone who invests at least €250,000 into real estate in Greece is eligible for a 5-year permanent residence in the country. This is a significant opportunity, especially compared to other residency programs in Europe that require much higher investments. Moreover, the applicant is not limited to one investment property, which means that they have the opportunity to increase the liquidity of their investments.
• In this comprehensive guide, we will go over the conditions for obtaining permanent residency in Greece through real estate investment, the advantages of having permanent residency, and the documents you will need to prepare.

Conditions for Permanent Residence

• To be eligible for permanent residency in Greece through real estate investment, you must meet the following conditions:
  • You must own real estate in Greece as an individual or as the sole proprietor of a legal person. The total value of the property must be at least €250,000.
  • Alternatively, you can sign a contract with a realtor or an attorney for the intent to purchase real estate in this amount.
  • If you opt for leasing commercial real estate for tourism purposes, the lease must be for at least 15 years on behalf of the sole proprietor of a legal entity.

Advantages of Permanent Residence

• Once you have obtained permanent residency in Greece through real estate investment, you and your family will enjoy several benefits, including:
  • Unlimited time in Greece: You and your family will have the right to reside in Greece for an unlimited period, and you will be able to travel visa-free in the Schengen countries.
  • Immediate residency for your family: When you invest in Greek real estate, your spouse, children under 21, and parents will be eligible for the same 5-year permanent residency as you.
  • No obligation to live in Greece: There is no requirement for you to spend a certain amount of time in Greece, which means that you can rent out your property and receive additional income.
  • High-quality education and healthcare: With permanent residency in Greece, you will have access to high-quality medical services, and your children will be able to attend schools and universities of European standard.

Documents You Will Need

• To apply for permanent residency in Greece through real estate investment, you will need the following documents:
  • A notarized contract for the purchase of real estate.
  • Attestation that the contract has been registered with the Land Register.
  • Attestation from a notary that the real estate meets the requirements of the law, including its value.
  • Receipt for payment of the state fee according to Article 132 of law 4251/2014.
  • A valid passport for traveling abroad.
  • Your marriage certificate (if you are applying with your spouse).
  • Birth certificates of any children (if you are applying with your children).
  • A health insurance policy.

Payment Process for Permanent Residence in Greece through Investment in Real Estate

• Obtaining permanent residence in Greece through investment in real estate is a process that involves a number of important steps.
• One of the key aspects of this process is how payment proceeds. There are two options available for making payment in this process: applying at a Greek consulate with an application for a “D visa” or applying directly to the Department of Foreign Affairs in Greece. In this blog post, we will examine each of these options in detail and discuss the payment process involved.

Option 1: Applying at a Greek Consulate with an Application for a “D Visa”

• The first option for obtaining permanent residence in Greece through investment in real estate is applying at a Greek consulate with an application for a D visa. This process involves three stages of payment, each of which is due at different points in the process.
• The first stage involves a payment of 50% of the total cost, which is due upon signing the contract for the purchase of the real estate. This payment serves as a deposit and secures your place in the process.
• The second stage of payment, which is 40% of the total cost, is due before applying for a D visa. This payment serves as a further commitment to the process and demonstrates that you are serious about obtaining permanent residency in Greece. After this payment is made, you will be able to submit your application for a D visa, which will allow you to enter Greece and start the process of obtaining permanent residency.
• The final stage of payment, which is 10% of the total cost, is due before applying for permanent residency. This payment serves as a final confirmation of your commitment to the process and shows that you are fully committed to obtaining permanent residency in Greece. After this payment is made, you will be able to submit your application for permanent residency and start the process of securing your place in Greece.

Option 2: Applying to the Department of Foreign Affairs in Greece

• The second option for obtaining permanent residency in Greece through investment in real estate is applying directly to the Department of Foreign Affairs in Greece. This process involves three stages of payment, each of which is due at different points in the process.
• The first stage of payment, which is 50% of the total cost, is due upon signing the contract for the purchase of the real estate. This payment serves as a deposit and secures your place in the process.
• The second stage of payment, which is 40% of the total cost, is due before applying for permanent residency. This payment serves as a further commitment to the process and demonstrates that you are serious about obtaining permanent residency in Greece. After this payment is made, you will be able to submit your application for permanent residency and start the process of securing your place in Greece.
• The final stage of payment, which is 10% of the total cost, is due after receiving permanent residency in Greece. This payment serves as a final confirmation of your commitment to the process and shows that you are fully committed to obtaining permanent residency in Greece. After this payment is made, you will be able to fully enjoy the benefits of your permanent residency and start building a new life in Greece.

Conclusion

• Obtaining permanent residency in Greece through investment in real estate is a process that involves a number of important steps, including payment.
• The payment process can be done either through a Greek consulate with an application for a D visa or directly through the Department of Foreign Affairs in Greece.
• Regardless of which option you choose, it is important to understand the payment process and be fully committed to the process of obtaining permanent residency in Greece.
• With the right preparation and planning, you can secure your place in Greece and start building a new life in this beautiful and historic country.

#Greece #PermanentResidence #LiveInGreece #WorkInGreece #InvestInGreece #RetireInGreece #TravelInGreece #GreeceImmigration #WorkAndSettleinGreece #ImmigrantsInGreece #WorkVisaToGreece #WorkPermitToGreece #SettlinginGreece #InvestingInGreece #RetiringInGreece #PermanentResidenceForGreece #PermanentResidenceProgram #PermanentResidenceVisa #PermanentResidence #GreecePermanentResidence #GreecePermitProgram #GreecePermanentResidence #GreeceResidencePermitProgram #GreeceResidenceVisa #GreeceResidenceProgram #GreekVisa #GreeceVisa #GreeceResidenceVisa #GreeceResidenceProgram #WorkPermitToGreece #SettlinginGreece #InvestingInGreece #RetiringInGreece #PermanentResidenceForGreece #LivingAboard #RetiringAbroad #LivingAndWorkingAboard #LiveAndInvestAboard #WorkingAboard #RetireAndTravellingAboard #TravellingAboard