Greece Residency by means of Real Estate Investment
"Greece Golden Visa Program"
The Immigration and Social Integration Code of Greece (Law 4251/2014, Government Gazette 1, no 80) gives the possibility of granting residency permits to third country nationals and to the members of their families, who proceed to purchase of real estate property in Greece of a value exceeding €250,000. By decision of the Secretary General of the Decentralized Administration, residency permit for five years, subject to renewal, is granted to a third country national.
The above permit may be renewed for an equal duration, each time, provided that the real estate property remains in the ownership and possession of the third-country national. Periods of absence from the country shall not disrupt the renewal of the residence permit.
Family members:
Third-country nationals may be accompanied by family members to whom, at their request, an individual residency permit is issued that expires together with the residence permit of the sponsor.
Family members are:
- the spouse
- the lineal descendants o either spouse, who are under 21 years old.
- the lineal ascendants of the spouses. "
Provision of timeframe:
Under normal circumstances, permanent residency shall be issued by the authorities within two months from the submission of all documents
Notice:
The residence permits do not establish the right of access to any form of employment.
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