Pursuant to the provisions of Article 100, paragraph 1, case e of Law 5038/2023, an adult third-country national may obtain a Permanent Investor Residence Permit (Golden Visa) if they have acquired real estate property in full ownership and possession as an heir, either by intestate succession or under a will or as a result of a parental gift.
The objective value of the real estate property acquired by inheritance or parental gift must amount to at least €400,000 or €800,000, depending on the area in which the property is located.
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 notarial deeds relating to the parental gift or the acceptance of inheritancethe, confirming all legally required information.
Proof of registration from the competent Land Registry or registration of the deed to the competent Cadastral Office where the deed of parental gift or acceptance of inheritance purchase contract has been recorded, or a certificate from a lawyer. By way of exception, for the purposes of the initial granting of the permit, it is permissible to submit either proof that an application for registration or recordation of the registrable deed has been filed 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 declares that the property remains under their ownership and is not used for short-term rental or subrental.
Duration and Renewal of the Permanent Investor Residence Permit– Rights and Obligations:
The residence permit is initially granted for five (5) years and may be renewed for an equal period each time, provided that the investor retains ownership of the property and continues to meet the legal requirements.
The investor’s family members are entitled to be granted residence permit that expires simultaneously with that of the investor.
No right of access to any form of employment is granted, economic activity is permitted only in the capacity of a company shareholder, a member of the Board of Directors, or a company CEO.
Right to lease the real estate property.
It is prohibited to use the property for short-term rental (e.g. Airbnb) as well as to sublet properties acquired for the purpose of granting or renewing a permanent investor residence permit.
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.
Pursuant to the provisions of Article 100, paragraph 1, case e of Law 5038/2023, an adult third-country national may obtain a Permanent Investor Residence Permit (Golden Visa) if they have acquired real estate property in full ownership and possession as an heir, either by intestate succession or under a will or as a result of a parental gift.
The objective value of the real estate property acquired by inheritance or parental gift must amount to at least €400,000 or €800,000, depending on the area in which the property is located.
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, the investor declares that the property remains under their ownership and is not used for short-term rental or subrental.
Duration and Renewal of the Permanent Investor Residence Permit– Rights and Obligations:
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.