Acquisition of real estate property
Whom does it concern?
Citizens of countries, which are not European Union members
What is the minimum value of the real estate property?
This sum concern one or more properties;
It does not matter. Whether one or more properties, their total value must be at least 250.000 Euros.
How is the value of the property/ies proved?
From the value mentioned on the purchase or the rent contract.
What happens if the property belongs to a legal entity?
It does not matter as long as the company shares or the shareholdings belong in whole to the person that will request the residence permit .
Does the value of 250.000 Euros concern only the purchase of a real estate property?
What type of entry visa is needed in order to purchase real property and request a residence permit in Greece?
Either a type C Schengen visa , or a type D national visa.
What is the difference?
What are the conditions for these two types of visa?
Which type of entry visa should be used?
What is the duration of the residence permit ?
Can the residence permit be renewed?
Yes, for another 5 years each time, provided that the applicant still owns the property
May the members of the investor’s family request a residence permit?
Yes. The may request individual residence permits . They must though sub-mit separate applications. Their own permit expires at the same date that the investor’s permit expires.
Do persons holding a residence permit have the right to work in Greece?
No, but According to the Law 4332/2015, citizenship offers the privilege of employment as soon as it is acquired.
If I get a residence permit, can I add the period of its duration to the total duration needed in order to request the Greek nationality?
Yes, after 7 years if the applicant is eligable.
I would like to request a residence permit. Should I get an entry visa for Greece before I submit my application for the residence permit?
Only if you come from a country, whose citizens are required to get an en-try visa in order to come to Greece.
Where should I submit the application for a residence permit?
At the Directorate of Foreign Citizens and Immigration of the Decentralized Administration, at the location of his residence. In some areas though, the application should be submitted to the Municipality of his/her residence. In the latter case, the file must transferred to the Decentralized Administra-tion within 15 days.
Who decides on the application for a residence permit ?
The Secretary General of the Decentralized Administration.
What advantages provides to its holder a residence permit in Greece?
- He/she may stay continuously in Greece for its whole duration
How long can it take until the residence permit is issued?
It must be issued within 2 months from the day on which the application was submitted or reached the Decentralized Administration.
Is the applicant covered from the moment he/she submitted the application until the day the residence permit is issued?
What is the duration of the proof of submission regarding an application for a residence permit?
I submitted an application for a residence permit and I was given a docu-ment proving its submission. What can I do with it?
You may travel freely as often as you wish to/from Greece. Attention: you are not allowed to travel to any other Schengen country. This means that any flight schedule that requires a flight transfer at the airport of an other Schengen country should be avoided.
May the members of their family also apply for a residence permit ?
Whom does it concern?
Citizens of countries, which are not members of the European Union
Which investments are considered to be strategic?
An investment is considered to be strategic when is a relevant Decision of the Interministerial Committee of Strategic Investments has been issued (Law 3894/2010—Gov’t Gazette Α’ 204)
Who can request a residence permit?
What is the duration of a residence permit by strategic investment?
Up to 10 years.
I have a residence permit. Can I count its duration in the time-period I need in order apply for Greek citizenship?
Where must the application be submitted?
At “Greek-Investment Agency”.
Who decides on the residence permit?
The Minister of Interiors issues a decision.