Following the legislative amendments introduced by Article 64 par. 1 of Law 5100/2024, the provision of Article 100 par. 2 case d of Law 5038/2023 provides for the possibility of obtaining a permanent investor residence permit (Golden Visa) with a minimum investment amount of €250,000, through the purchase of a property consisting of a listed (heritage-protected) building or part of a listed building, that is to be restored or reconstructed, or a property within which a listed building is located.
The above cases also include investments in properties resulting from a) interventions or additions, either vertical or horizontal, to listed buildings requiring restoration or reconstruction or b) the addition of new independent buildings on plots or parcels of land where listed buildings requiring restoration or reconstruction already exist.
Key Requirements
The investment must be made in a single property. In this case, the minimum area requirement of 120 sq.m. does not apply.
A prerequisite for the first renewal of the residence permit is the completion of the full restoration of the property elements or their complete reconstruction, regardless of the reason for the deterioration, collapse or demolition of the buildings or parts thereof.
The transfer of the property is invalid until its full restoration or complete reconstruction is completed.
Initial Granting of a Permanent Investor Residence Permit
The required supporting documents for granting the permanent investor residence permit include, among others, the following:
Any valid entry visa, or proof of entry under a visa exemption regime, or a valid residence permit issued by the Greek authorities, or proof of entry exemption as a holder of a residence permit from another Schengen member state.
An insurance policy issued by a private insurance provider.
A certificate from the notary public who drafted the transfer deeds, confirming all legally required information. The notary's certificate must also state the number of the Government Gazette issue in which the property was officially designated as a listed building.
Proof of registration from the competent Land Registry or registration of the deed to the competent Cadastral Office where the purchase contract has been recorded, or a certificate from a lawyer.
Technical report by an engineer regarding the change of use of the property to residential and stating that no industry has been installed and operating in the building during the last five (5) years. By way of exception, for the purposes of the initial issuance of the residence permit, it is permissible to submit either proof of filing the application for registration or recordation of the registrable deed or the corresponding certificate issued by a lawyer.
Copy of the investor’s real estate declaration form (E9).
Renewal of the Permanent Investor Residence Permit
For the renewal of the residence permit:
The investor must declare that the property remains under their ownership.
A Technical Report issued by a qualified engineer must be submitted, confirming the completion of the works and certifying that the full restoration and/or complete reconstruction of the listed building or the relevant part of the listed building has been carried out.
For further information regarding the permanent investor residence permit related to a real estate investment with a minimum amount of €250,000, you may also read our article GOLDEN VISA - €250,000 INVESTMENT THRESHOLD.
If you are interested in investing in real estate and obtaining a Golden Visa residence permit, you can contact our office by telephone at +30 210 3319753 or by email at info@georgallis-law.com. Our law office and associates, with their expertise and experience in Golden Visa residence permit matters, will guide you step by step and assist you in completing the relevant procedure promptly, securely and effectively.
Following the legislative amendments introduced by Article 64 par. 1 of Law 5100/2024, the provision of Article 100 par. 2 case d of Law 5038/2023 provides for the possibility of obtaining a permanent investor residence permit (Golden Visa) with a minimum investment amount of €250,000, through the purchase of a property consisting of a listed (heritage-protected) building or part of a listed building, that is to be restored or reconstructed, or a property within which a listed building is located.
The above cases also include investments in properties resulting from a) interventions or additions, either vertical or horizontal, to listed buildings requiring restoration or reconstruction or b) the addition of new independent buildings on plots or parcels of land where listed buildings requiring restoration or reconstruction already exist.
Key Requirements
Initial Granting of a Permanent Investor Residence Permit
The required supporting documents for granting the permanent investor residence permit include, among others, the following:
Renewal of the Permanent Investor Residence Permit
For the renewal of the residence permit:
For further information regarding the permanent investor residence permit related to a real estate investment with a minimum amount of €250,000, you may also read our article GOLDEN VISA - €250,000 INVESTMENT THRESHOLD.
If you are interested in investing in real estate and obtaining a Golden Visa residence permit, you can contact our office by telephone at +30 210 3319753 or by email at info@georgallis-law.com. Our law office and associates, with their expertise and experience in Golden Visa residence permit matters, will guide you step by step and assist you in completing the relevant procedure promptly, securely and effectively.