A Permanent Investor Residence Permit (Golden Visa) may be granted to a third-country national who holds full ownership and possession of property in Greece through a legal entity established in Greece or in another Member State of the European Union, provided that he owns the total of the shares or partnership interests of such legal entity.
Conditions:
The property must be owned by a legal entity and its minimum acquisition value must equal to the amounts specified in Article 100 par. 2 of Law 5038/2023.
The legal entity owning the property must have its registered office in Greece or in another Member State of the European Union.
The interested third-country national must be the sole shareholder or partner, holding all shares or partnership interests of the legal entity that owns the property.
Duration and Renewal of the residence permit – Rights and Obligations:
The residence permit is initially granted for a period of five (5) years and may be renewed for an equal period each time, provided that the property remains under the ownership and possession of the legal entity.
The investor’s family members are entitled to be granted residence permit that expire simultaneously with that of the investor. Family members include: a) the spouse or civil partner, b) common unmarried children under the age of twenty-one (21), c) unmarried children of the investor or his/her spouse or partner who are under the age of 21 and for whom they have custody and d) the parents of the spouses or partners.
No right of access to any form of employment is granted.
There is no obligation to reside in Greece. Therefore, absence from the country does not affect the renewal of the residence permit.
Leasing of the property is permitted.
The exploitation of the property for short-term rental purposes (e.g. Airbnb) is prohibited.
In case that the property is resold during the validity of the residence permit, the residence permit shall be revoked.
If you are interested of obtaining a Golden Visa Residence Permit by investing in real estate through a legal entity, you can contact our office by telephone at +30 210 3319753 or by email at info@georgallis-law.com.
A Permanent Investor Residence Permit (Golden Visa) may be granted to a third-country national who holds full ownership and possession of property in Greece through a legal entity established in Greece or in another Member State of the European Union, provided that he owns the total of the shares or partnership interests of such legal entity.
Conditions:
Duration and Renewal of the residence permit – Rights and Obligations:
If you are interested of obtaining a Golden Visa Residence Permit by investing in real estate through a legal entity, you can contact our office by telephone at +30 210 3319753 or by email at info@georgallis-law.com.