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Greece Golden Visa

Greece Golden Visa

Investing in real estate allows you to obtain a Greece Golden Visa.

Is one of the most popular and low-cost visa programs in the EU, providing a visa-free access to Europe’s Schengen area for the investors and their immediate family members.

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Greece golden visa for property buyers

Application processing takes just 1 to 3 months
Visa-free travel within Europe’s Schengen Area
Unlimited expiry date of residence permit (renewal every 5 years), provided that the main investor maintains the property
3 – Generation Program (married spouse, children under 21 years old, and parents of the main applicant and spouse)
Access to the public healthcare and education system in Greece

SHOW TERMS AND CONDITIONS

Why Greece?

300+ days of sunshine a year

High standard in healthcare and education

One of the lowest crime rates in Europe

13th place (2019) in the world rating
of tourist destinations

Excellent transportation and
telecommunication infrastructure

Freedom of people, workers, services
and goods within the European Union

Why choose PRIME PROPERTY GROUP?

We have been successfully active in business since 2003. During this time, we have successfully assisted hundreds of clients from Russia, China, the CIS and other nationalities to receive the Permanent Residence Permit and further facilitated their investment in through real estate

Our team of experts will assist you appropriately throughout the entire application process, from drawing up the necessary documents to any administration required towards the success of your case

We offer clients an extensive range of real estate options, the purchase of which entitles them to apply for a Permanent Residence Permit

Main 4 steps

Step 1

Free consultation

Get your free consultation from Prime Property group (by phone / Skype or personally) regarding the Golden Visa in Greece and properties qualified for obtaining residency

Step 2

Familirisation tour (2-4 days)

1. Private transfer from and to the airport with our own exclusive transportation

2. Introduction to Greece by becoming familiar with its unique culture and lifestyle

3. Presentation of PRIME PROPERTY GROUP

4. Meeting with the legal department of PRIME PROPERTY GROUP, including a detailed presentation and discussion about the Permanent Residence Program

5. Tour of pre-selected real estate options, accompanied by our team of experts

Step 3

Final Decision (1 day)

1. Liaising with client on his final real estate options

2. Assisting client to take final decision and if affirmative, proceed to the next step

Step 4

Investment (1-5 days)

1. Obtainment of official documentation of Greek Golden Visa

2. Enjoyment of newly found way of living in Greece

Q&A

1. What type of investments qualify someone to apply for the PRP?

a real estate property in Greece, provided the minimum value of the property is €250.000. The residence permit is also granted in cases where the applicant is the owner of more than one real estate property (residential or commercial) with a combined value of at least €250.000. In cases of joint ownership, where the value of the property is €250.000, the residence permit is only granted if the owners are spouses or partners with a cohabitation agreement in Greece, with undivided ownership of the property. In all other cases of joint ownership, the residence permit is only granted if the amount invested by each of the joint owners is at least €250.000.
a lease agreement – for a minimum of 10 years – for hotel accommodations or furnished tourist residences in integrated tourist resorts, provided the minimum cost of the lease is €250.000.
• a timeshare agreement (lease). A time share lease, is the commitment of the lessor to grant, each year, to the lessee, for the duration of the timeshare, the use of the tourist accommodation and to provide to them the relevant services for the determined period of time according to the contract, and the lessee must pay the agreed rent. Tourist accommodation for the implementation of this law refers to hotel units and generally tourist facilities operating under the permission of the Hellenic Tourism Organization (EOT) and have been subject to the provisions of the law by decision of the Secretary General of E.O.T. Timeshare is agreed for a period of one (1) to sixty (60) years.

2. Should the property be brand new?

No. Both resale and brand-new properties are eligible under the PRP

3. How to distinguish between a resale and a new property?

A resale is a property which was previously owned by an owner. A new property is a brand-new property, not previously owned by anyone; the applicant is the first owner purchasing directly from the developer.

4. Can the purchase of property be made by a company?

Yes, if the applicant has acquired the property through a legal entity, based in Greece or another EU member state, the applicant must own 100% of the company shares. If the shareholder of this Company is another Company, you must prove that the only shareholder of that Company (the shareholder company of the first company) is the applicant (his spouse or both).

5. Can I rent my property to a third party?

Yes. Investors who own real estate have the right to rent their property.

6. As a PR holder, do I have the right to apply for Citizenship?

Being a permanent residence holder does not grant you direct access to Greek citizenship.

You are entitled to apply for citizenship after seven years of residence and providing that you fulfill the requirements defined by the Greek state.

7. Can the property be bought from a third party?

Yes. The property can be bought either from a developer, an individual owner or a legal entity.

8. Are there specific banking requirements to apply for a PRP?

No. The applicant is not compelled to open a Greek bank account. Although, it would be essential for those who wish to relocate.

9. Which family members get PRP?

The main applicant has the option to include in his/her application:

Spouses
the other spouse or partner with whom a third-country national has a cohabitation agreement in Greece
the direct unmarried descendants of the spouses, who are under the age of 21
the direct unmarried descendants of the supporter or of the other spouse/partner, provided that their custody has been legally entrusted to the sponsor (for his/her children) and to the other partner (for his/her children), under 21 years of age
the direct relatives of the spouses in the ascending line

The children of the applicant, who have been originally admitted to the country under the terms and requirements of residence permit for property owners, are issued with a residence permit for family reunification until the age of 21. After that, it is possible to acquire a renewal as an independent residence permit until they reach the age of 24 and then it is possible to renew it further according to pertinent immigration legislation.

10. If I am married with grown up children, will they all become resident?

Yes, provided they are under 21 years old.

11. Do I have to renew the PRP?

Residence permit is permanent. The holder of the residence permit is however required to renew it every five (5) years. The real estate property must remain in the full ownership of the applicant.

12. Is there a fast-tract process in obtaining a PRP?

Yes. Once you apply, the fast-track procedure is examined and it results to a positive answer within 3 months, provided all preconditions and requirements are met.

13. Can I work in Greece and be granted a PRP?

No. The holders of the PRP must not work in Greece. You are though allowed to receive dividends from a Greek company as shareholder.

14. Can I travel to Schengen countries without a visa?

Yes, PRP holders can travel, visa-free, to all countries of the Schengen zone, for up to 90 days in each 6 months period.

15. Do I have to live in Greece to keep the PRP?

No, you do not

16. Can I travel to USA with PRP?

A PRP is not a passport and does not hold the same traveling rights; Greeks wishing to travel to the United States require a visa. For information on how to apply, we refer you to the Official U.S. Department of State Visa Appointment Service for Greece.

17. Do I need to sit special language and history exams?

No, such exams are not required.

18. What are my obligations as a property owner in Greece?

File an annual tax report
Pay a yearly property tax
Pay an income tax, in case you have rented out your property

19. How long does it take to obtain permanent residency in Greece?

It takes approximately one to two months after the biometrics appointment.

20. Do I need to travel to Greece to apply for the PRP?

No, you do not. The Greek Golden Visa law changed on 23.12.2020. The main applicant can apply for the program completely remotely. Do not need to travel to Greece prior or during the application process.