GREECE RESIDENCE

OVERVIEWrnGreece’s passport is ranked as the 6th strongest passport in the world. It allows visa-free access to over 171 countries. Greek passport holders have the right to study, work, and live in any country in the European Union. On 18'th April 2013, Greece introduced Law 4146/2013 giving Non-EU citizens and their family members the right to obtain Residency Permits by investing in Real Estate in Greece. The allowance for these types of residency permits has been integrated into the existing Law 3386/2005 "Entry residence and social integration of third-country nationals in Greece." According to Article 36A of the Law, a five-year Residency Permit can be granted to Non-EU citizens who own or purchase real estate in Greece, the value of which exceeds 250,000 euro. The duration of this type of Residence Permit is 5 years and it can be renewed indefinitely (for a 5-year period each time) provided that the real estate property is still owned by the applicant. In July 2015, Greece introduced new amendments to Law 4251/2014 under the Law 4332/2015, giving Non-EU citizens the right to obtain citizenship if they reside in Greece for 7 consecutive years, providing they stay in Greece for a minimum of 180 days for each year. rnPermanent Residency Timeline: 2-3 monthsrnCitizenship Timeline: 7 yearsrnNationalities supported: Open to all non-EU nationalitiesrnInvestment type: Real EstaternInvestment cost: € 250,000 rnCOSTSrnThe Greek Residency Program requires making a real estate investment into a property in Greece. OPTION - REAL ESTATE INVESTMENTrnThe Residency Permit Program of Greece requires investing a minimum of €250,000 + VAT into Real Estate in Greece. The VAT level varies dependent on the region and is between 16-23%. Property Closing Costs are approximately 10% For a full breakdown of the government fees, legal fees and other fees payable, please contact us.