A. As a Greek Golden Visa holder, you will have the right to much lower tuition costs in European countries because you will be considered as a Permanent Resident of a European country. In order to obtain a residence permit for real estate owners, the following preconditions must be fulfilled: a) The real estate property must be owned by and be in possession of its owners. - Residence permit for financially independent people (FIP),  The existing legal framework on residence permits has been extended to investments on intangible assets in Greece. 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. People in Greece are friendly and hospitable and residents of Greece can enjoy a relaxed lifestyle, including outdoor activities, modern culture and active social activity. Greece can grant residence permits, for Non-EU citizens and their families with the acquisition of property worth more than 250.000 Euros. RESIDENCE RIGHTS of UK citizens in Greece. Essential requirements for residing in Greece are to be in employment or in possession of sufficient resources. Buying a property in Greece the value of which exceeds €250,000 will qualify a non-EU citizen and his family to get a permanent residence permit, “Golden Visa” . A residence/work permit grants permission to stay in a country beyond a visa’s validity, a document or sticker given to someone who fulfilled requirements and legally lives and/or works under the laws and regulations of the country that issued it. It is not a work permit. The recent Law 4251/2014 (Article 20) has established a new type of residence permit for real estate owners (Golden Visa). Excellent domestic transport connections. 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. Non-EU nationals planning to live and work in Greece must apply for the appropriate permit from the Greek Consulate in their country of origin or residence before arriving in Greece. - Residence permit for self-employed entrepreneurs, In this article, we are going to describe the most common and popular types of residence permit, i.e. Friendly and hospitable people, relaxed lifestyle. through leaving a comment just below this article. *Our office has extensive experience in immigration law and internatioanl law (residence permits, citizenship, naturalization, deportation, asylum applications, etc.). Every EU member state has different rules and regulations in place for non-EU citizens wishing to live and work in their country. A much-delayed law that eliminates the residence permit requirement for non-Greek, European Union citizens living and working in Greece has finally come into force. The new changes make this program very attractive compared to many other similar programs in Europe. Properties with 250,000 Euro price range are in sizes that span between 75 sq.m. However, depending on their nationality, a visa may still be required to enter Greece. - Residence permit for self-employed entrepreneurs. Greece offers a government program that allows foreign investors to obtain a residency permit by investment (Greece Golden Visa Program). The local Secretary General (Γενικός Γραμματέας / Genikos Grammateas) decides whether or not to grant the permit to the applicant. 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. When you purchase a property with a value higher than 250,000 euros, you may be entitled to a residence permit for you and your family members. - 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). People in Greece are friendly and hospitable and residents of Greece can enjoy a relaxed lifestyle, including outdoor activities, modern culture and active social activity. Rich history & culture – innumerable sites of interest. - Residence permit for executives, administrators or board members, Αξίωση συμμετοχής στα αποκτήματα: Τι ισχύει... 2021 Benefits of the EU Long Term Residence Permit. The amount of money that a third-country citizen wishing to obtain a residence permit in Greece as an economically independent person is required to have monthly amounts to EUR 2,000.00, which is increased by 20% for the spouse and by 15% for each child he/she wishes to bring with him/her in Greece. Ways to Get Permanent Residency in Greece. To put it simply, finding and buying the right property in Greece is now much easier than ever! Once the non-EU National acquires a residence permit in Greece, then he is allowed to live in Greece, exit and re-enter Greece any time without a visa and travel to all Schengen countries without further documentation other than his passport. Greek Law 4604/2019.. On 19 March 2019, the Hellenic Parliament approved Law 4604/2019 (published in the Official Government Gazette /ΦΕΚ’ 50/A/26-3-2019) which guarantees, in articles 123, 124, 125, 127 and 128, UK citizens’ rights in Greece after the withdrawal of the United Kingdom from the European Union. Με την επιφύλαξη παντός δικαιωμάτων | Σχεδιασμός και Κατασκευή Ιστοσελίδας από την Display Ideas - CMS. 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 Financially Independent People (FIP) For this purpose, they must submit separate applications and their own permit expires at the same date that the investor’s permit expires. * 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. Residence / Registration Certificate Foreigners who want to stay in Greece for a period over 90 days will need a Residence Permit ("Αδεια παραμονής" / "Adia Paramonis" in Greek) issued by Greek authorities in Greece. World's healthiest diet – exquisite local cuisine & wines. 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. First things first, investors must choose a property and hire a lawyer to verify the property documents over the following month (to authenticate the title certificate and ensure there are no encumbrances or debts associated with the property). There is no minimum stay requirement for Permanent Residency applicants with the Greek Permanent Residency Program. Cooperating with the best real estate agents in Greece, we can help you find properties in highly touristic areas. In this waiting period, you can also go to your home country and come back to Greece with your blue paper any time you want. In this article, we are going to describe the most common and popular types of residence permit, i.e. 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. Residence / Registration Certificate in Greece EU nationals have the right to live and work in Greece without a work permit, however EU nationals staying longer than 3 months are required to obtain a Registration or Residence Certificate. - 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), There are numerous ways to obtain Permanent Residence in Greece. 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. Can I apply for Greek Citizenship after getting my Greek Golden Visa? 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. All these documents listed must be in Greek. In order for non-EU citizens to qualify for a Greek visa and residence permit* to retire or otherwise live in Greece without working for an employer in Greece, these basic requirements must be fulfilled: — A total of 2,000 euros/month in proven, consistent income; or … II. A residence permit confirms your right to stay in the country as an employed person who is an EU/EEA/Swiss citizen. The application should be made within the first 2 months after arriving in Greece, although it is highly recommended to be fulfilled immediately on arrival in case of common, Health certificate from a Greek public hospital, proving that no contagious diseases are present (all fees are paid by the applicant). Also, the members of the investor’s family have the potential to request individual residence permits. Advanced infrastructure & expertise in professional services. In addition, the mortgage lending allows the obtaining of a residence permit. Greece has a very high standard for education. This person may also be accompanied by members of his / her family who are required to submit a separate application for a long-term visa (VISA) to the relevant Greek consular authority. a) The real estate property must be owned by and be in possession of its owners. You should follow the advice of the Greek Government and your local authority. 428 blue – flagged beaches & 16,000 km of coastline. Greece sits somewhere in the middle when compared to other EU countries for those willing to retire and the paperwork involved. You can make a good long term investment in Greek lands! 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. 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? The Withrawal Agreement, put into force on 31 January 2020, sets out the terms of the UK’s withdrawal from the EU. The number of non-EU citizens admitted by the EU country you are applying in, is already set out by the hosting stat. If you want to know more about our Residence Permit Laywer, just click on Residence Permit Lawyer in Athens, Greece. There are many categories of residence permits. Residency permit by investment in Greece can be obtained by citizens of any country that is not a part of the European Union. 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. 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. I have permanent residence in the UK/EU or will acquire it during the transition period 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). or through leaving a comment just below this article. - Residence permit for students at Greek universities, Proof of sufficient financial resources to live in Greece, Proof of payment of the required fee to the national tax office (Εφορία / Eforia). Enjoy a sunny life! The Greek Government introduced changes to its existing permanent residency program. Although considered to be in a state of economic crisis at the moment, Greece remains one of the most beautiful and historical countries in the world and investment in residential real estate seems a reasonable long term investment. This person may also be accompanied by members of his / her family who are required to submit a separate application for a long-term visa (VISA) to the relevant Greek consular authority. The residence permit for economically independent persons lasts for two (2) years and can be renewed every three years. Άδεια διαμονής για Βρετανούς υπηκόους στην... Αγορά ακινήτου: Όλα όσα πρέπει να γνωρίζετε. All other non-EU citizens will need a visa to enter Greece in the first place. you can contact us through email on athensmania@europe.com. 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. Warning: Use of undefined constant youTube_replacer - assumed 'youTube_replacer' (this will throw an Error in a future version of PHP) in /var/www/vhosts/siopi-law.gr/httpdocs/libr/rest.class.php on line 433. The existence of this amount is evidenced by elements such as the retirement or the bank account. 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. b) In cases of joint ownership, where the value of the property is €250.000, the residence permit is only granted if the owners are spouses with undivided ownership of the property. After this period, it can be renewed if the application for renewal is submitted two months prior to the expiration of the initial permit. 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. As a non-EU investor, you should fulfill one or more of the following conditions to receive a Permanent Residence Permit in Greece (Golden Visa): Purchase of a property in Greece with a minimum value of 250.000 Euro, Purchase of more than one properties with a total minimum value of 250.000 Euro, The Real Estate Property must be owned by and be in possession of its owners, In cases of joint ownership, where the value of the property is €250.000, the Residency Permit is only granted if the owners are spouses with undivided ownership of the property. Within the program, the investor chooses one of the investment options and receives a residency permit for the whole family. Once your application has been submitted, you will receive a blue paper (βεβαίωση / veveosi) as a receipt that your application is being processed. Greek Golden Visa applies to the wife or husband and all children at the age of 21 or under. 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. Residence Permit for Financially Independent People (FIP). This type of residence permit does not provide access to the labor market in Greece. 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. As a non-EU investor, you should fulfill one or more of the following conditions to receive a Permanent Residence Permit in Greece (Golden Visa): Purchase of a property in Greece with a minimum value of 250.000 Euro Purchase of more than one properties with a total minimum value of 250.000 Euro Article 20 of Greek Law 4251/2014- Greece Residence Permits for Financially Independent Persons (FIP Visa) Who can apply for the FIP Visa and obtain a Residence Permit in Greece? The new changes will also allow the non-EU investor to sell his/her property to another foreign citizen, and transfer the residency permit together with the property. Έχει υποπέσει στην αντίληψη μας ότι το email του γραφείου μας “dsiopi@siopi-law.gr” έχει προφανώς μολυνθεί από ιό και από αυτό αποστέλλονται κακόβουλα email χωρίς την δίκη μας παρέμβαση. 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