The value of the property, according to law 4146/2013, is the amount stated explicitly on the contract which has been submitted for the purchase of the real estate property. You can make a good long term investment in Greek lands! After this period, it can be renewed if the application for renewal is submitted two months prior to the expiration of the initial permit. There are excellent English speaking private elementary and high schools. Upon receipt of the entry visa (type D) and entry into Greece, the third-country citizen is obliged to submit a request to the competent Authority of Aliens and Immigrants of the decentralized Authority for the issue of a residence permit. Many are not as stringent as Greece, while others more so. The Immigration Committee (Επιτροπή Μετανάστευσης / Epitropi Metanastefsis) reviews the application and interviews the applicant. Questions and Answers – the rights of EU and UK citizens, as outlined in the Withdrawal Agreement. Who can benefit from this program? It is again necessary to highlight that the Greek PR Permit is also a Schengen Visa, and is only obtained by the decision of the General Secretary of Decentralized Administration (the relevant authority of the location of the property and “residency in Greece” of the applicant). Note: The Citizens Service Office (Κέντρα εξυπηρέτησης πολιτών / K.E.P) has further information on residence permits (in Greek language). Another very important point is the fact that property prices in Greece have dropped as much as 50% since the credit crisis and prices are now showing signs of stability. If you get an EU long-term residence permit, you will enjoy almost the same rights as the nationals of the country you are living in. II. In short, an investment of just 250,000 Euro in real estate will provide the investor, his/her spouse and their children of maximum 21-years old with a five year renewable residency visa. In this article, we are going to describe the most common and popular types of residence permit, i.e. 428 blue – flagged beaches & 16,000 km of coastline. For more information or legal advice, please do not hesitate to contact us at +30 2313 079293 or by email at, Are You a Non-EU citizen Who Wants to Live in Greece? RESIDENCE RIGHTS of UK citizens in Greece. These properties have the ability to earn rental income during the touristic season (a period of approximately 5-months). The duration of the residence permit is 5 years and it can be renewed for another 5 years each time, provided that the applicant still owns the property. - Residence permit for executives, administrators or board members. Properties with 250,000 Euro price range are in sizes that span between 75 sq.m. In this article, we are going to describe the most common and popular types of residence permit, i.e. In 2013, the Greek government passed a new law which gives non-EU nationals and their family members a residence permit when buying property with a value of €250,000 or more. Since it does not require the investor to reside in the country, the Greek Golden Visa program is normally considered a residency investment program rather than citizenship by investment. In Greece the cost of living is lower compared to the rest of Europe and every resident can enjoy a sunny life, combined with an unparalleled beauty and diversity in landscape & vegetation. Upon receipt of the entry visa (type D) and entry into Greece, the third-country citizen is obliged to submit a request to the competent Authority of Aliens and Immigrants of the decentralized Authority for the issue of a residence permit. Ways to Get Permanent Residency in Greece. or through leaving a comment just below this article. The objective, or assessed, value of the property is not relevant, unless it corresponds to the amount which was, according to the contract, paid for the sale of the property. 1. Please do not hesitate to contact us for any reason. All other non-EU citizens will need a visa to enter Greece in the first place. The new changes make this program very attractive compared to many other similar programs in Europe. Non-EU nationals who enter Greece after January 1, 2021 as family members of a UK national eligible for residence under the Withdrawal Agreement can apply for a residence permit within three months of arrival. - Residence permit for financially independent people (FIP),  The recent Law 4251/2014 (Article 20) has established a new type of residence permit for real estate owners (Golden Visa). through leaving a comment just below this article. Golden Visa Program A. Greece can grant residence permits, for Non-EU citizens and their families with the acquisition of property worth more than 250.000 Euros. In order to grant a residence permit in Greece as a financially independent person, the third-country citizen must apply for a long-term VISA (D) to the Greek Consulate of his place of residence, proving to this end that he/she is able to cover his living expenses in Greece, without having to work or exercise any economic activity. Greece is a member of European Union and the Schengen Zone of Europe, and your Greek Golden Visa will enable you to travel freely through Europe. I. * Greek Residency with Citizenship Option *, Citizens of certain non-European Union countries such as the USA, Canada and Australia can stay in Greece without a visa, as long as they do not stay more than 90 days in a 180 day period. If you move out of that country, you become a resident and worker of whatever country is … Adhesive labels in passports and all other kinds of paperwork relating to foreign nationals living in Greece are to be scrapped and replaced by a new, electronic residence permit that will also double up as an identity card. One of the most popular ways to obtain a residence permit in Greece is via the Golden Visa Program. Non- European Union citizens have the possibility to apply for a 2 year residence permit in Greece, provided that they are considered financially independent. ). 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. It is not a work permit. Cooperating with the best real estate agents in Greece, we can help you find properties in highly touristic areas. There is no minimum stay requirement for Permanent Residency applicants with the Greek Permanent Residency Program. Based on the above, it is possible to obtain a residence permit in Greece, if the foreigner (third-country citizen) and the Greek or EU citizen enter into a civil partnership. The mortgage loan is intended for assets to be bought in Greece, covering our clients’ housing needs while offering the lowest interest rate on loans and concerns also, apart from the property purchase, the repair and/or construction of property. e) In cases where the applicant wants to enter the country with a type D visa, the documented intention to own property should be supported by documentation which prove the financial capacity (e.g., certificate of an A-class certified bank, or other recognised financial institution), which certify the existence of bank accounts or other mobile assets, such as bonds or shares, which can cover the cost of the investment of at least €250.000, and which certify the intention of the applicant to purchase the property (contract with a law firm or with a real estate office). There are numerous ways to obtain Permanent Residence in Greece. The second Greek residence permit option is available to persons investing in real estate who fulfill … All EU citizens and permanent residents enjoy full rights and privileges as EU citizens, including the right to establish residency, buy property, open a business and work in Greece. d) The residence permit is also granted in cases where the third country citizen is the owner, either directly or through a legal entity, of more than one real estate property with a combined value of at least €250.000. After five years continuous residence, you can apply for permanent residence for family members or for a long-term EU-wide permit, however you should not forget that the Greek government has been very slow to issue these until today. a) The real estate property must be owned by and be in possession of its owners. In all cases outlined above, the value of the real estate property will be determined based on the value of the property, or the lease, indicated in the contract of purchase. On 1 January 2021, the rules for EU citizens living in or moving to the UK will change. - Residence permit for non-EU spouse or child (younger than 21) of a non-EU citizen living and working in Greece for two years (family reunification). For more information or legal advice, please do not hesitate to contact us at +30 2313 079293 or by email at info@siopi-law.gr*, E. info@siopi-law.gr, dsiopi@siopi-law.gr, Ετικέτες: residence permit Greece permanent residency in Greece greek passport how to immigrate to Greece, Οι σωστές πληροφορίες είναι ο βασικός παράγοντας της επιτυχίας. The residence permits are renewed every five years, as long as the non - EU citizen keeps the ownership of the property. The Permanent Residence Permit can be granted also to the main Applicant's (property owner) family members, i.e. Part II, Articles 13-69 (Citizens’ Rights), defines the protection of the rights of citizens: UK nationals and family members who live, study and work in the EU and EU citizens and family members who live, study and work in the UK prior to the end of the transition period. The local Secretary General (Γενικός Γραμματέας / Genikos Grammateas) decides whether or not to grant the permit to the applicant. If the conditions are met, a residence permit is issued for 5 years and may be renewed. Greece has a very high standard for education. There are many categories of residence permits. Many non-EU citizens have one dream: to become legal residents of an EU country! The same applies to UK nationals living in or moving to an EU country. Non-executive applicants may have to wait much longer. In addition to supporting documents proving the existence of sufficient financial resources in accordance with the above, the third-country citizen must also provide proof that he has full medical and hospitalization coverage during his stay in Greece (i.e private insurance contract ) or a certificate stating that he/she has filed an application with an insurance institution. According to article 20 of Law 4251/2014 (Immigration Code), citizens of third countries (non-EU) who are economically independent persons are eligible to obtain a residence permit in Greece if they have sufficient resources at a fixed annual income level to cover their living expenses, without having any work or independent economic or investment activity in Greece (high income pensioners etc.). Has acquired the property remains unchanged the residence permit, i.e has further information residence. Local cuisine & wines το περιστατικό και προσπαθεί να επιλύσει το πρόβλημα citizen however, the rules for EU.! 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