Golden Visa

The Greek law 4146/2013 has established the legislation and the process, in order to support and develop investments and capital inflows in Greece from abroad.

In particular, the law above provides the opportunity to the organization or to the legal representative of the foreign investors who invest in Greece to apply for residence permission. Each permission lasts for ten years, as long as the investment is approved and supported by the greek authorities. More specifically, l. 4146/2013  gives the opportunity to foreigners who have a real estate  property in Greece, either personally or as legal representatives of foreign investors, or who have leased hotels or houses in touristic areas, to apply for residence permission which lasts at least for 5 years and can be easily updated.

The minimum investment, either for a real estate property or a rental comes up to 250.000,00 €.

The same opportunity is provided also to the family members of the investor.

It is important for every investor to know that property purchase intention must be proved by special documents, which indicate the financial capability of the investor (for instance, bank attestation that there are bank accounts, or shares etc.). Another key point of the whole process is that the application has to be accompanied by proof of insurance for the costs of hospitalization and medical care. Moreover, in order to apply, the investor is supposed to have a visa to come to Greece.

Cooperating with well established land owners in Greece, our legal firm is able to provide foreign investors with Real Estate opportunities and handle resident  permission cases.

Supporting documents

1. Application and photo
2. Valid passport or other travel document that is recognized by Greece
3. Copy of penal status
4. Medical certificate proving that the applicant has no contiguous disease, which may endanger public health
5. Travel insurance

In addition, depending on the specific case, the following supporting documents are
required:

Individuals

6. Copy of the notarial act proving the property acquisition. The value represented must be at least 250.000€
7. Notarial certificate that the act fulfills the requirements of article 36A of Law 3386/2005
8. Proof of registration to the competent land registry.

In case the property acquisition has not been completed, the following supporting documents are also required:
9. Proof that the applicant has assets whose value exceeds 250.000€ (i.e. certificate by a recognized first class bank or official financial organisation or other recognised securities depository, attesting the existence of bank accounts or other securities, especially bonds or shares).
10. Copy of brokerage assignment to a law firm or real estate agency.

Acquisition through a legal entity
6. Copy of the notarial act proving the property acquisition. The value represented must
be at least 250.000€
7. Copy of the articles of incorporation of the legal entity, proving that the third country
national owns all corporate dividends or shares.

In case the property acquisition has not been completed, the above mentioned #9 and #10 supporting documents are also required.