Real estate
OGANOV & PARTNERS
LAW FIRM
Has extensive experience in advising clients on all issues related to the implementation of construction projects, as well as transactions with real estate.
The construction and real estate practice lawyers provide legal assistance at all stages of construction, as well as the management and disposal of real estate objects.
Legal advice on land use, including search of information on limitations and encumbrances of land plots
Legal support in coordination and expertise of construction project documentation, including drafting project agreements based on international standards.
Legal advice in choosing contractor and engineering organizations, developing building contracts based on international standards.
Legal advice on all stages of design and construction works performance, including advising on application of construction standards, norms and rulings, duties of the parties, settling potential construction disputes and discrepancies.
Registration of real estate objects and transactions with them. Legal advice on financing of construction projects and management of real estate.
Complex legal due diligence of real estate rights
Legal advice and drafting agreements on management and disposal of real estate (trust management, mortgage, sale, lease, other types of use and disposal).
Legal advice on projecting and zoning
"Golden Visa" - residence permit in Greece for investors and property owners
The program for investors in Greek real estate provides for obtaining a residence permit in Greece for a period of 5 years for the buyer and his entire family. To date, Greece, in comparison with other EU countries, gives the lowest threshold for obtaining a "golden visa" - 250,000 euros. This program is available only for citizens of "third countries".
What are the benefits of Golden Visa holders ?
the opportunity to reside in Greece all year round without the obligation to become a tax resident;
freedom of movement throughout the European Union;
the applicant's parents and his children under 21 can obtain a residence permit for 5 years as well;
the possibility of extending the residence permit for 5 years, as well as obtaining citizenship after 7 years of permanent residence in Greece;
free access to the health care system, the banking system, the possibility of business lending
How to Obtain a Golden Visa in Greece
Greece offers one of the most attractive residency-by-investment programs in Europe, commonly known as the Golden Visa. This program grants a five-year renewable residence permit to non-EU nationals who make a qualifying investment in Greek real estate. Below is a detailed guide on how to obtain the Greek Golden Visa, its benefits, eligibility criteria, and application process.
1. What is the Greek Golden Visa?
The Greek Golden Visa is a residency-by-investment program that allows non-EU citizens to obtain a residence permit in Greece by investing in real estate. This visa is valid for five years and can be renewed indefinitely as long as the investment is maintained. The visa also grants visa-free travel within the Schengen Zone.
2. Benefits of the Greek Golden Visa.
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Residency in Greece for the investor and their family (spouse, children , and dependent parents).
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No minimum stay requirement to maintain the visa.
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Visa-free travel within the Schengen Zone.
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Path to Greek citizenship after seven years of residence.
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Opportunity to rent out the property for additional income.
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Access to high-quality healthcare and education in Greece.
3. Investment Requirements.
To qualify for the Greek Golden Visa, applicants must invest in real estate under the following conditions:
Investment Thresholds (Updated 2024)
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€800,000 Investment: Required for properties in high-demand areas such as Athens, Thessaloniki, Mykonos, Santorini, and islands with a population exceeding 3,100 inhabitants. The property must be at least 120 square meters.
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€400,000 Investment: Applicable to other regions of Greece, with a property requirement of at least 120 square meters.
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€250,000 Investment: This applies to properties intended for renovation or conversion into residential spaces.
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Long-term lease option: A minimum 10-year lease agreement for hotel accommodations or tourist residences worth at least €250,000.
4. Eligibility Criteria.
To be eligible for the Golden Visa, applicants must:
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Be a non-EU citizen.
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Be at least 18 years old.
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Have no criminal record.
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Provide proof of health insurance valid in Greece.
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Maintain the investment for as long as they hold the residence permit.
5. Renewal and Citizenship
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The Golden Visa is renewable every five years, provided the investment remains in place.
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After seven years of continuous residence, investors can apply for Greek citizenship, provided they meet language and integration requirements.
8. Common Questions
Q: Can I sell the property and still keep my visa? No, selling the property cancels the Golden Visa unless you reinvest in another qualifying property.
Q: Can I work in Greece with a Golden Visa? No, the visa does not grant work rights, but you can operate a business in Greece.
Q: Can family members apply? Yes, your spouse, children under 21, and dependent parents can receive residency under the same visa.
Conclusion.
The Greek Golden Visa program is an excellent opportunity for non-EU investors seeking European residency through real estate investment. With visa-free Schengen travel, no residency requirements, and a pathway to citizenship, it remains one of the most attractive programs in Europe.
For personalized assistance, legal support, and investment guidance, feel free to contact us today!