Greece provides the right to obtain the residence permit which is valid for the European Union, for the citizens of the third countries with a market value of 250,000 euro. Everyone can buy properties on the mainland and the other islands and receive residence permit for themselves and their family .
- With purchase of the properties over 250,000 euro, automatically the right for residence permit is granted.
The residence permit is issued for the buyer, and for his children and all the first degree members of his family. If they want to get a residence permit for their parents they must provide a declaration that their parents need to live with them.
The residence permit is valid for five years and if the ownership is continuing it is renewed every five years.
- The children of the buyer have residence permit until their age of 21.
The properties can be residential, commercial or plots of land. In case of plot of land, the value of which is less than 250,000 euro, then the value of the construction building is calculated too and a residence permit is provided.
After the property purchase, in very central and busy municipalities, such as city of Athens, in 3 months, and in other less busy municipalities within a month the procedure of issuing of the residence permit is completed.
The residence permit is valid in the Schengen countries but does not include work permit. The work permit needs other formalities.
For more information please contact us.