FAQ on Residence permit

What does it mean to have a residence permit?

The residence permit gives its’ holder the following rights:

  • The right to stay in Greece.
  • The right to multiple entries to Greece.
  • The ability to travel freely to all countries of the Schengen Area, without having to pass through Greece or issue a VISA.
  • The ability to stay to any of the countries of the Schengen Area for a period of up to three months on every six-month period.
  • The right of exploitation of the owned property for generation of income.

What do I need in order to be able to get a residence permit?

There are two ways to acquire a residence permit to Greece:

  • To purchase one or more immovable properties, residential or other, in Greece with a minimum total value of 250,000.00 euro.
  • With investment activity that has been characterized as a “strategic investment” from the Greek committee of strategic investments.

Do I need to physically visit Greece in order to issue the residence permit?

All the permit procedures as well property contracts and transfer of ownership can be handle by our office using a written authorization provided by the owner which has been certified by the Greek consulate located in his place of residence. This means that the owner does not necessarily need to be physically present throughout the entire process. However, the Greek government requires the owner to present him/herself within a period of 6 months, after the submission of the permit application form, for fingerprint and bio metric scans.

How long does it take for the permit to be issued?

The maximum period* for the permit to be issued from the day of submission of documents is six months. We will make sure that the process takes the shortest amount of time for you. After the submission of the documents the investor is granted a temporary residence permit until the actual permit is issued.

How long does the permit last?

The validity of the permit is 5 years. After the passing of 5 years the permit can be renewed given that the owner still owns the properties making up the 250k investment. Important note: The owner can sell one or more properties as soon as the permit document is issued with no impact to his/her 5-year permit. However, in that case the owner will not be able to renew his/her permit unless he/she still owns immovable property of 250k or more after the expiration of the 5 years.

Is the permit valid only for the owner of the property?

No, the close family members (kids up to 21 years of age + parents) to the owner are also entitled to a residence permit.

Can I work in Greece with a residence permit?

The residence permit provides the benefits described in question 1 of this FAQ section. In order to be able to work in Greece you will also need a working VISA which is issued following a different process.

Can I open a business with a residence permit?

No in order to be able to open a business in Greece you will need to attain Greek citizenship.

What is the different between the residence permit and the Greek citizenship?

The residence permit provides only the benefits as described on the above sections. A holder of Greek citizenship enjoys all the benefits given to a Greek citizen, but also holds all the responsibilities applicable as described by the Greek law.

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