"Permanent residence permit for an investor" (Article 20)
1. By decision of the Secretary-General of Decentralized Administration, a residence permit shall be granted for a term of five years, renewable by a third-country national who:
(a) He has entered the country legally by any visa or is legally resident in the country even if his residence permit does not permit a change of purpose.
(b) Has personal ownership, ownership and possession of immovable property in Greece. In the case of co-ownership of a property worth EUR 250,000, a right of residence is granted only if the owners of the property are spouses who own the property separately. In all other cases of co-ownership, the right of residence is granted only if the co-ownership rate of each co-owner is worth EUR 250,000.
(c) It owns, owns, and owns real estate in Greece through a legal entity whose shares or shares are wholly owned.
(d) Has at least ten years lease of hotel accommodation or tourist furnished accommodation in complex tourist accommodation, in accordance with the provisions of article 8 par. 2 of Law 4002/2011 (A 180).
(e) Has concluded a leasing contract in accordance with the provisions of Law 1652/1986 "Timeshare Contract and Settlement of Related Matters" (A 167), as applicable.
2. The minimum amount of immovable property and the contractual rent of hotel accommodation or tourist accommodation under this Article shall be set at two hundred and fifty thousand (250,000) euros and shall be paid in full at the time of signature of the contract.
"The fee shall be paid by double check or bank transfer to the account of the payee held in a banking institution of Greece or a credit institution under the supervision of the Bank of Greece, the particulars of which must be duly reported by the parties. before the author of the notary's contract and be listed therein. "
By joint decision of the Ministers of Interior and Finance the amount of such immovable property may be adjusted and will result from the contractual values of the immovable property or lease.
3. Citizens of third countries shall be entitled to rent real estate.
4. The third-country national referred to above may also be accompanied by members of his / her family who are granted, at their request, an individual residence permit which expires at the same time as the residence permit of the sponsor.
Family members means:
(a) the spouse
(b) direct cations of the spouses or of the other spouses who are less than 21 years of age.
'C. the direct anions of the spouses. "
5. The said license may be renewed for an equivalent period, at any time, as long as the immovable property remains the property and law of the third-country national or the contracts referred to in paragraph 1 of this Law remain in force and the other conditions provided by law are fulfilled. . Absence from the country is not a hindrance to renewing the residence permit.
"Resale of immovable property during the validity of the residence permit to a third country national entitles the new buyer to reside at the same time as revoking the seller's residence permit."
6. The residence permits issued in accordance with paragraphs 1 and 4 of this Article shall not establish any right of access to any form of work.
7. The issuance of a residence permit shall be granted within two months of the issuing authority of all the details of the file.
You can download the Greek, English, Chinese, Russian and Arabic Summary Guide for Residence Permits for Real Estate Owners in Greece Curated by Enterprise Greece.
B. Granting and renewal of a residence permit for investment activity (Article 16)
I. 1. Third-country nationals may enter and reside in Greece in order to make an investment that will have a positive impact on national development and the economy.
Depending on the size and characteristics of the investment, up to ten third country nationals, including investors, can enter and reside in the country for its implementation and operation.
2. Upon recommendation of the Ministry of Economy and Development's Directorate for Foreign Affairs, concerning the qualification of the investment and the feasibility of granting a residence permit, the entry and residence of third-country nationals in Greece may be authorized for the implementation and operation of the investment.
3. The application and the supporting documents required by Article 136 (12) of the Joint Ministerial Decision shall be submitted to the Greek Consular Authority of the place of residence of the persons concerned who shall forward them within one month to the Fund Directorate.
1. By decision of the Secretary-General of Decentralized Administration, a residence permit shall be granted for a term of five years, renewable by a third-country national who:
(a) He has entered the country legally by any visa or is legally resident in the country even if his residence permit does not permit a change of purpose.
(b) Has personal ownership, ownership and possession of immovable property in Greece. In the case of co-ownership of a property worth EUR 250,000, a right of residence is granted only if the owners of the property are spouses who own the property separately. In all other cases of co-ownership, the right of residence is granted only if the co-ownership rate of each co-owner is worth EUR 250,000.
(c) It owns, owns, and owns real estate in Greece through a legal entity whose shares or shares are wholly owned.
(d) Has at least ten years lease of hotel accommodation or tourist furnished accommodation in complex tourist accommodation, in accordance with the provisions of article 8 par. 2 of Law 4002/2011 (A 180).
(e) Has concluded a leasing contract in accordance with the provisions of Law 1652/1986 "Timeshare Contract and Settlement of Related Matters" (A 167), as applicable.
2. The minimum amount of immovable property and the contractual rent of hotel accommodation or tourist accommodation under this Article shall be set at two hundred and fifty thousand (250,000) euros and shall be paid in full at the time of signature of the contract.
"The fee shall be paid by double check or bank transfer to the account of the payee held in a banking institution of Greece or a credit institution under the supervision of the Bank of Greece, the particulars of which must be duly reported by the parties. before the author of the notary's contract and be listed therein. "
By joint decision of the Ministers of Interior and Finance the amount of such immovable property may be adjusted and will result from the contractual values of the immovable property or lease.
3. Citizens of third countries shall be entitled to rent real estate.
4. The third-country national referred to above may also be accompanied by members of his / her family who are granted, at their request, an individual residence permit which expires at the same time as the residence permit of the sponsor.
Family members means:
(a) the spouse
(b) direct cations of the spouses or of the other spouses who are less than 21 years of age.
'C. the direct anions of the spouses. "
5. The said license may be renewed for an equivalent period, at any time, as long as the immovable property remains the property and law of the third-country national or the contracts referred to in paragraph 1 of this Law remain in force and the other conditions provided by law are fulfilled. . Absence from the country is not a hindrance to renewing the residence permit.
"Resale of immovable property during the validity of the residence permit to a third country national entitles the new buyer to reside at the same time as revoking the seller's residence permit."
6. The residence permits issued in accordance with paragraphs 1 and 4 of this Article shall not establish any right of access to any form of work.
7. The issuance of a residence permit shall be granted within two months of the issuing authority of all the details of the file.
You can download the Greek, English, Chinese, Russian and Arabic Summary Guide for Residence Permits for Real Estate Owners in Greece Curated by Enterprise Greece.
B. Granting and renewal of a residence permit for investment activity (Article 16)
I. 1. Third-country nationals may enter and reside in Greece in order to make an investment that will have a positive impact on national development and the economy.
Depending on the size and characteristics of the investment, up to ten third country nationals, including investors, can enter and reside in the country for its implementation and operation.
2. Upon recommendation of the Ministry of Economy and Development's Directorate for Foreign Affairs, concerning the qualification of the investment and the feasibility of granting a residence permit, the entry and residence of third-country nationals in Greece may be authorized for the implementation and operation of the investment.
3. The application and the supporting documents required by Article 136 (12) of the Joint Ministerial Decision shall be submitted to the Greek Consular Authority of the place of residence of the persons concerned who shall forward them within one month to the Fund Directorate.
