2/ Objective value, which is the value fixed by the Greek government. Qualifying criteria 1. The Golden Visa is granted to third country investors under the provisions of the Immigration and Social Integration Code, in accordance with Law 4136/2013. A ten year permanent residence permit for strategic investments is possible under Greek golden visa scheme. Rita Daskalaki Law Firm Law Office ATHENS. The Golden Visa Greece Program offers to any third country citizen, the possibility to open the gates to Europe with minimum investment capital all over the world (only from 250.000€) Recipients of this information should not act upon it without consulting legal advice. The investment can be made in land, off-plan, new or resale properties as long as the minimum value is met. In an effort to handle the ever-increasing demand for residency by investment applications, the Greek government has announced some interim measures in order to lessen the processing times of investor Golden Visa applications. 8-10 Vitsentzou Kornarou str., First building, 1st floor 73134 Chania Crete Greece. To qualify for the Greek golden visa, there are several routes: In 2014, the Greek Government introduced a law that allows non-EU citizens from around the world to acquire a Greek residency by investment. Powered by Netlique. This article was published on the Investment Migration Insider, on January 21, 2021. Those who have the right to and acquire a permanent residence permit in Greece under this scheme are: What are the criteria for obtaining a golden visa under the law? offering permanent residence to property buyers or investors of non-EU origin 2020 Wealth, Tax Planning & Immigration Virtual Expo United States ... Law Office CRETE. The Greek Golden visa programme is a scheme launched by the Greek government, offering permanent residence to property buyers or investors of non-EU origin, who purchase property in Greece that exceeds €250.000 in value. 25-27 Kyrillou Loukareos Str. However, if the commercial value is higher to its objective one, then only commercial value is taken into consideration for tax calculation. To understand why the same program fell so distressingly short of Portugal’s in 2020, we asked two prominent Greek golden visa advisors – Alexander Varnavas of Varnavas Law Firm and Panos Rozakis of Prime Synergy Greek Residency – for their diagnosis of what went wrong, what’s been done to mitigate the problems, as well as when and whether such measures will prove effective. The program’s qualifying options are: View our guide. Greece Golden Visa enables an entire non-EU family, including dependent children up to age 24 and the parents of both spouses, to obtain permanent residency status in Greece within just 3 months (in some areas it takes less time) with a real estate investment of just €250,000. These issues can range from the title of the seller, claims on the land (such claims by third parties who claim to be the owners of the property or part of it, successors or heirs, etc. There are several investment options, but the most common route is through purchasing real estate worth at least a quarter of a million. Not only children but also parents of investors are eligible for Residence Permit. Recently, significant amendments to the Citizenship Code were voted by the Greek Parliament and new remarkable changes were introduced, which improve further the framework provisions for third-country nationals, who intend to invest in Greece and obtain Residence Permit. The Greece Golden Visa program requires a real estate investment of €250,000 (net of vat). All Rights Reserved. Golden Visa Law Residency-by-Investment | Greece. If the property is bought through a legal body or organisation, then the applicant should have total control of the company’s shares. In the case of jointly owned property, worth 250,00… Greece Golden Visa Greece offers golden visa to investors based on investment activity in Greece. The Greece Golden Visa was born. The Greek Golden Visa allows you to live in Greece and travel across the Schengen region, without a visa. Our Greek lawyers, foreign attorneys practicing in Greece, and the law firm itself do not accept any responsibility for the accuracy of the information contained in the website. The Greece Golden Visa scheme is granted by virtue of the Immigration and Social Integration Code. Third-country citizens can obtain a residency permit in Greece – popularly known as a ‘Golden Visa’ by purchasing real–estate property in Greece for a value that exceeds 250,000 Euros. It is the most competitive permanent residency scheme in Europe. 1. On the other hand, in the case of investments classified, either as Strategic Investments (under a decision of the Interministerial Committee for Strategic Investments) or simple investments with a minimum value of 250,000€, residence permits can be issued to the investor  and to up to 10 additional persons (dependently on the size of the investment) related to the implementation of the investment plan. In order to obtain a residence permit for real … In particular, according to article 31 of Law 4531/2018 the provisions regarding the Greek Nationality Code have been amended and they are to be introduced after 05/04/2018. The residence by investment program set out the guidelines on how non-EU citizens could obtain permanent residence in the country by investing €250,000 in Greek real estate. Golden Visa Greece - One Mandatory Visit Only On clients' request the entire process can be concluded by an authorized Proxy under a Power of Attorney, which means that in principle the client is not required to be present in Greece for a long period of time. 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. 1/ Commercial value, which is the value agreed by all parties in the contract. golden visa : permanent residence permit for investors in real estate in greece Law 4251 of 2014, also referred to as the Immigration and Social Integration Code, (as amended and hereinafter referred to as the “Law”), provides the opportunity to non- European Union nationals to obtain a permanent residence permit by investing in real estate in Greece. You can then receive your “blue certificate”, in other words, your temporary residence card, in the mail. The recent Law 4251/2014 (Article 20) has established a new type of residence permit for real estate owners (Golden Visa). Launched in 2013, the Greek Golden Visa Program grants a five-year residence permit in exchange for as low as a 250,000 Euro real estate investment in Greece. (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. Golden Visa offers the option of acquisition of citizenship in Greece and that of Greek-European Passport and after seven years’ time from the time of acquisition of Golden Visa. Why Did Greece’s Golden Visa Performance Fall So Far Behind Portugal’s in 2020? The change allows you to in a Greek Golden Visa completely remotely, without having to visit Greece at all. Although Pantazis & Associates is a leading Greek law firm any information contained in the Pantazis & Associates Law Firm website is for informational purposes only and should not be construed as legal advice on any subject matter. Should you need any assistance with the legal issues invovled in, Leoforos Aleksandras 57, Athens Greece - Tel: 210 2717137 - Fax: 210 2718481. By making a qualifying Greek property investment of €250,000 or more. Greece has diversified golden visa program into several investment categories besides real estate. Home Abridgment on Legal Issues Obtaining the Golden Visa of Greece Obtaining the Golden Visa of Greece Greece is located at the tip of the economically volatile region of the European Union, offering the security of a European, EU member state, disposing of government infrastructure, as may be expected by a foreign investor seeking residence permit in the EU. With Law 4251/2014, the Greek government welcomes the foreign investments in Greece in a double way. The Golden Visa for Greece is one of the most popular investment visa programs in the EU. The Greece Golden Visa Program is a home by-speculation program dispatched in 2013 that empowers non-EU nationals and their relatives to get perpetual habitation licenses in Greece. - Download our Greek Golden Visa Law Guide; Contact us. If the property is owned by more than one people and its value. Should you need any assistance with the legal issues invovled in buying a property in Greece and obtaining a Greek Golden visa, please get in touch with our greek golden visa lawyer at main@pantazis-law.com. A residence permit can also be approved for applicants who own. Golden Visa Greece -Lawyers for your Athens Riviera sea view property ! Compared to other European countries, Greece offers the most financially beneficial residency permit. The living arrangement licenses might be recharged like clockwork. The residence permit is, also in the case of investments, renewable, for as long as the investment or part of it remains in the possession of the GOLDEN VISA GREECE holder. The Greek Golden Visa program garnered approval and foreign interest very quickly for two reasons: 1. Invest! The Golden Visa Greece Program offers to any third country citizen, the possibility to open the gates to Europe with minimum investment capital all over the world (only from 250.000€), 2016 Greece Golden Visas. Please also note that our services do not constitute broker services, they are purely legal and do not intend to be investment advice of any kind. In this case the minimum cost of the property has been set to 250.000 Euros (the minimum investment budget in Europe). The residence permit for simple investment is granted for five (5 years), the one for strategic investments is granted for ten (10) years. One of the most popular ways to obtain a residence permit in Greece is via the Golden Visa Program. Seize now the unique opportunity to invest in Greek Real Estate and become Citizens of Europe, with the privilege of Greek Residence Permit through acquisition of Golden Visa Greece by Energopiisi S.A. The documents required for the application include: Our golden visa lawyer represents, guides and supports applicants who are interested in acquiring a Golden Visa in every stage of the process. to choose Greece is to choose an exciting country, in the south east Coast of Europe, to invest and buy high quality services and products. Two Experts Answer. Finally, a residence permit can also be granted to non-EU citizens under a tenancy of at least 10 years for hotel accommodations or furnished tourist residences, provided the minimum value of the tenancy is €250.000. Greece at the moment requires 250.000 euros invested in property market to get a five year golden visa. Applicants can buy property through legal entities but must own 100% of shares to qualify for golden visa. A Greek Golden Visa is provisioned for by the Immigration and Social Integration Code, Law 4251, 2014. Our Greek Lawyers are registered with the Athens bar association. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. The Greece Golden Visa Program is a residence-by-investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. Please be advised that property in Greece has. From one hand through real estate investments in Greece, by offering long-term residence permits to non-EU foreign citizens-and their families- that acquire or long-term lease property. The editor of the article is Christian Nesheim. Residence permit can be granted as long as the following legal conditions are met: Please be advised that property in Greece has two different values –. The permit can give the right to a non–EU citizen to reside legally in Greece, while enjoying certain EU citizens’ rights. More specifically, we offer property law and immigration law services: Please note that our service is purely of a legal nature and we do not provide agency services of any type! ), mortgages securing loans or other debts, caveats, rights over the property etc. through an entry visa) and legally live in the country can apply for a residence permit with a 5-year validity period. Sea view properties and legal advice for your golden visa Greece. property law and immigration law services: Immigration law help with filing for a residence permit application. Family members of the owners are also beneficiaries of the same residency permit. Greek Golden Visa – What lawyers do: In Greece, unlike in many other countries, properties could have various legal issues. A Golden visa application in Greece can now be processed even faster and grant residency by investment in around 2 months. The residence permit offers unlimited stay in Greece for five (5) years and it is unlimited renewable repeatedly, for as long as, the property remains in the possession of the owner. Under this law, residence permits may be granted to foreign nationals and their family members subject to the purchase of property in Greece valued at no less than €250,000. A copy of the contract’s record at the Land Registry and Cadastre of Greece. On April 21st, GTP reported that the Greek government was actively examining the re-launch of its golden visa program with an eye to jump-starting the program as soon as possible. New unique benefits of GOLDEN VISA GREECE. This article explains why the program of Golden Visa in Greece is the best choice for non-EU citizens who wish to obtain residency through real estate investment. A state fee of €16 for covering the expense of the Residence Permit’s card. A fee of €2.000 imposed by the state for a Permanent Residence Permit. Pursuant to the Law 4136/2013 as amended by 4251/2014, Greece has introduced provisions to facilitate the residency of Non-EU national in Greece. The Greek Golden Visa program helps investors to obtain a permanent residence in Greece as well as access to all EU countries. Golden Visa Law, Investment immigration services provided by Varnavas Law Firm 1978. You can include your family in the residency program. Investment immigration services provided by Varnavas Law Firm 1978. If the objective value of the property is equal or higher to its commercial one, then objective value is used for tax calculation. A copy of the settled contract of the property. What are the documents required for applying for a permanent residence permit in Greece? The Greek Golden Visa is the cheapest golden visa in Europe giving the opportunity to third countries citizens to get a residency permit with a … This permit also offers unlimited travel to all European countries without further conditions. The residence permits may be renewed every five years. Please view our PDF guide or contact us directly. Time of Residence Permit for Real Estate Owners can be taken into consideration for years required to obtain Greek citizenship. According to article 20 of the Greek “Immigration & Social Integration Code” (Law 4251/2014), non-EU nationals who have legally entered Greece (e.g. Seize now the unique opportunity to invest in Greek Real Estate and become Citizens of Europe, with the privilege of Greek Residence Permit through acquisition of Golden Visa Greece by Energopiisi S.A. 25 - 27 Kyrillou Loukareos Str. The Greek Government changed the Golden Visa Law on Dec 23rd, 2020. 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