Interpretation of Greece's Gold Visa Policy

2024 year 4 month 2 A new system based on parliamentary voting, Granting a five-year residence permit to citizens of third countries (Gold Visa) The following conditions will apply:

In the Attica region, Thessaloniki, The regional units and population of Miconos and Santorini exceed 3, 100 On a human island, The real estate value that stakeholders must own increases to 800, 000 Euro.

The real estate value in other regions of the country is 40 10000 euros.

in any case, Investment must be made in an area of at least 120 A property of square meters (Not allowed to invest in multiple properties with lower value) . Allow the purchase of a certain proportion of property in the form of indivisible joint ownership, Their minimum values are 80 10000 euros and 40 10000 euros.

For buildings with different uses currently being converted into residential buildings, The minimum investment amount is 25 10000 euros.

The purpose conversion must be completed before submitting the residence permit application.

If investing in protected buildings to be repaired, The limit is also 250, 000 Euro.

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Greek Ministry of Development and Investment 2022 year 12 month 21 Submit an amendment to the parliament on a daily basis, For purchasing properties in certain areas of Greece in order to apply for and obtain "Gold Visa" The threshold price has changed from the original 25 Up to 10000 euros 50 10000 euros.

This amendment stipulates that, For the northern part of Athens in the Attica region, middle part, Southern and Thessaloniki, Implemented on Miconos Island and Santorini Island "Gold Visa" 50 The threshold price policy of 10000 euros, And it also applies to the total contract price for renting hotel accommodations or furnished tourist residences in these areas, Investors must fully pay the house price before applying for a residence permit. Apply in the above-mentioned regions "Gold Visa" The minimum investment amount can only involve purchasing a single property.

On the other hand, aboutAttica East and West, And other regions such as Piraeus maintain 25 The original threshold price standard of 10000 euros remains unchanged. Apply in these regions "Gold Visa" The minimum investment amount can involve purchasing multiple properties.

Non EU citizens who invest through the three options of the Greek Gold Visa program can apply for a residence permit through an agent, Without the need for prior visits to Greece. The authorization letter for appointing a proxy must be signed within the Greek consulate. Non EU citizens must start from the date of receipt of the confirmed application 12 Entering Greece within one month in order to submit the applicant's biometric data.

"Immigration and Social Integration Act" (Section 4251/2014 Number Law, Government Gazette No 1 Number, Section 80 Number) Contains some clauses, These terms extend the duration of the representative's stay, Convenient for third country investors (Its investment is considered a strategic investment) Residential investment institutions and their partners.
in addition, It allows for the issuance of residence permits to third country nationals and their family members, These people purchased in Greece for a value exceeding 250, 000 Real estate in euros.
special:
A. "Permanent Residence Permit for Investors" . (Section 20 strip)
1. According to the decision of the delegated Secretary General, Granting a five-year residence permit to nationals of third countries, Can be renewed, Can:
(a) Has entered or resided legally in the country with any type of visa, Even if the type of residence permit he holds does not allow for a change in purpose
(b) Individual full ownership of Greek real estate, Ownership and peaceful use rights. For value 25 A jointly owned property worth ten thousand euros, Only when the property owner is a spouse with an indivisible share of the property, Only then can one enjoy the right of residence. In all other jointly owned cases, Only when the co ownership rate of each co owner reaches 250, 000 Euro hour, Only then can the right of residence be granted.
(c) Owning full ownership of Greek real estate through legal entities, Right to ownership and peaceful enjoyment, The shares of the legal entity are fully owned by him.
(d) According to section 8 Article 7 We have reached an agreement to rent hotel accommodations or supporting tourism accommodations in a tourism accommodation complex for at least ten years. 4002/2011 Law No 2 strip (Government Gazette No 1 Number, Section 180 Number) .
(e) According to the effective section 1652/1986 Number Law "Time sharing agreements and related issues" (Government Gazette 1, Section 167 Number) Time sharing agreement reached.

2. The minimum value of real estate, And the contract consideration for hotel accommodation or tourism residential rental as stipulated in this clause, Confirmed at 250000 euros, And the contract must be fully paid upon signing.
"The cost is paid to the beneficiary's bank account through cross bank checks, This account is held in credit institutions operating in Greece, Or through the section 4537/2018 Law No 4 Article 7 Credit transfer in accordance with the provisions of the loan. According to section 4537/2018 Law No 4 Article 7 Regulations on Payment, Transfer the number in the payee's bank account 24 strip (Official Government Gazette A΄ 84) Deposit into the beneficiary's bank account held by the payment service provider. 11 Operating in Greece" .
According to the joint decision of the Minister of the Interior and Finance, The value of the aforementioned real estate may be adjusted, And should be determined based on the property value specified in the contract or the lease agreement.

3. Nationals of third countries, Real estate owners, The property can be rented out.

4. The above-mentioned third country nationals may be accompanied by their family members, Issue personal residence permits to family members, The residence permit expires together with the guarantor's residence permit.

Family members refer to:

5. The above license can be renewed equally each time, The condition is that the immovable property still belongs to the nationals of a third country, Section 1 The agreement for payment is still valid, And all other requirements, According to legal regulations, Implemented. The time of departure from the country shall not affect the renewal of the residence permit. "Within the validity period of the residence permit, Resale real estate to nationals of another third country, Should have the right to grant a residence permit to new buyers, Simultaneously withdraw the seller's residence permit. "

6. According to the provisions of this clause 1 Clause and Clause 4 The residence permit issued does not establish the right to any form of employment.

Please download from here Enterprise Greece Edited, A brief guide to residence permits for Greek real estate owners, It uses the following language: English, Greek, chinese, Russian, Arabic and Turkish.

B. Issuing and renewing residence permits for investment activities (Section 16 strip)
1. Greece allows third country nationals to enter and reside, The purpose is to make investments that have a positive impact on national development and the economy. Based on the quantity and characteristics of investments, Up to ten third country nationals can enter and reside in the country, Including investors, To execute and operate the investment.

2. According to the motion of the Foreign Investment Bureau of the Ministry of Economy and Development, The characteristics of investment and the feasibility of issuing residence permits, Allowing third country nationals to enter and reside in Greece and invest in operations.
Section 136 Article 12 The application and required documents in the joint ministerial decision referred to in clause have been submitted to the Greek consulate in the place of residence of the relevant personnel, And forward it to the Foreign Investment Bureau of the Ministry of Economic and Development within one month.

3. The above-mentioned General Administration will review the application within one month, And forward the relevant motion to the consular authority, In order to issue the required national visa.

4. For nationals of third countries, The nationals of the third country have obtained visas for investment purposes, When purchasing the required documents, For the same reason, a residence permit should also be granted. The validity period of a residence permit is five years, And each investment should be renewed for the same period of time, The condition is that the implementation of the investment or the investment can still continue after completion.

5. The above-mentioned third country nationals may derogate from the provisions of Article 70, Paragraph 1, Can be accompanied by family members who have obtained a family group residence permit, Simultaneously expire with the guarantor's residence permit.

6. The Immigration Policy Bureau of the Immigration Policy Department is responsible for reviewing applications and making decisions to issue or update residence permits for investment activities.

7. The provisions of this article shall apply correspondingly to the entry and residence of nationals of third countries, Involving Greek companies, New investments made by third country nationals who have already operated or legally resided in Greece and hold a residence permit. Independent economic or investment activities.

8. The residence permit of a third country national referred to in the first paragraph of this article, It should be clearly stated "Residence permit for investment activities" , "Remarks" It should be clearly stated to hold The professional status of the witness.

Please download from hereEnterprise Greece Edited, A brief guide on residence permits for Greek real estate owners , It uses the following language: English, Greek, chinese, Russian, Arabic and Turkish.

II. 1. Each investment is allowed up to a maximum of ten (10) Entry of third country nationals, If they obtain visas when necessary (D sign card) , To achieve what is known as "strategic investment" Investment in, According to the decision of the Inter Ministerial Strategic Investment Committee on the inclusion of Article 3894/2010 Decision on the Law (Government Gazette 1, Section 204 Number) .
According to the decision of the Inter Ministerial Committee on Strategic Investment, The above visa is issued free of charge, Among them, the investment is classified as "Strategic investment Capital" , And the Secretary General in charge of strategy and private investment on the relationship between third country nationals and entities implementing strategic investment The motion.

2.  According to the decision of the Minister of the Interior, The above conditions have been granted a ten-year residence permit, If the same conditions are met, Then you can Extension of ten years.

3. To obtain a residence permit, According to section 136 Article 1 Regulations on Payment, Submit the application for the required documents to the Ministry of the Interior for immigration Policy Bureau. 1, In the joint ministerial decision. The residence permit should be valid for five days from the date of application submission (5) Issued within days.

4. The nationals of the third country mentioned above have reduced their losses by 70 Article 7 Regulations on Payment. 1, In the case of applicants with disabilities, can Accompanied by family members, Obtaining a residence permit for family reunification, And the residence permit with the guarantor and support personnel Can expire simultaneously.

III. 1.  Subject to this clause A and B Nationals of third countries legally residing in the country are not obligated to leave Greek territory in order to apply Residence permit.

2.  The competent department of the Ministry of Development and Competitiveness shall provide any changes in the implementation process of investment activities in writing or via email Notification to the Immigration Policy Bureau of the Ministry of the Interior.

C . Residence permit for investing in securities or bank deposits in Greece
1.  Allow third country nationals to enter and reside in Greece, The purpose is to act as an individual or through a legal entity, With specific Securities in form or with a value exceeding 400, 000 Invisible investment in Greece in the form of Euro bank deposits.

2.  The beneficiaries who enter and obtain permanent residency under this plan are:

• As a non EU individual investing in securities or bank deposits in Greece/Citizens of the European Economic Area
• Non EU investment in securities or bank deposits in Greece through domestic legal entities in the following countries/Citizens of the European Economic Area They hold all the shares in the company
• Bank deposits of shareholders or executives of foreign legal entities investing in securities or financial instruments in Greece (Based on the maximum investment amount Can grant three residence permits)
• Non EU/Family members of citizens of the European Economic Area.

Grant the above-mentioned non EU/Residence permits for citizens of the European Economic Area do not grant them the right to work in Greece.

3.  Investment List:
a.  Headquarters or companies established in Greece (Excluding holding companies and real estate investment companies) At least 40% of the capital contribution ten thousand (400, 000 Euro) , Used to purchase stocks or bond loans for increased share capital after capital increase issuance, Used in Greece Transactions in regulated markets or multilateral trade facilities operated.

b.  According to section 2778/1999 Number Law (OJHR A-295) Section 21 Provisions of Article, To real estate investment companies (REIC) At least 400000 yuan of capital injection (400, 000 Euro) , The purpose is to invest specifically in Greece. Acquiring stocks to increase its capital reserves amount.

c.  According to section 2367/1995 Law No 5 strip (OJHR A-261) , To venture capital firms (VCC) Invest at least four times one hundred thousand (400, 000 Euro) , Used to purchase stocks, Or contribute to venture capital, according to " 2992/2002 Number Law " (OJHR A-54) Section 7 Funds designated for the acquisition of stocks (VCF) , Assuming the aforementioned alternative investment funds (AIF) The purpose is to invest only in companies headquartered in Greece or established in Greece.

d.  Purchase of Greek treasury bond bonds through credit institutions established in Greece, Acquisition value of at least 400000 yuan (400000) Euro, Remaining term of at least three (3) year.

e.  At least 400000 (400, 000) Euro term deposits in domestic credit institutions, At least one year, And it has a long Renewal order.

f.  Purchase of stocks, Corporate bonds or Greek treasury bond bonds, These stocks have at least 80 10000 euros (800, 000 Euro) Collection of Listed trading under purchase value or trading in regulated markets or multilateral trading facilities operating in Greece.

g.  Purchase mutual funds established in Greece or other countries, Its acquisition value is at least 400000 yuan (400, 000) Euro shares, Its purpose is to invest specifically in listed stocks, Regulated market operated by corporate bonds or Greek treasury bond bonds in Greece Transactions or transactions in multilateral trade facilities.

h.  Alternative investment funds established in Greece or other EU member states (AIF) Purchase stocks or stocks in China, Acquisition value At least 400000 yuan (400000) Euro, Its purpose is to invest specifically in Greek real estate, Provided that it meets its requirements Include it, This list was compiled in collaboration with the Foreign Funds Agency of the Ministry of Development and Investment and the Greek Capital Market Commission Made of.

Please download from here Enterprise Greece Edited, A brief guide on residence permits for Greek real estate owners , It uses the following language: English, Greek, chinese, Russian, Arabic and Turkish.

D. All other types of residence permits

Please download the entire file here 4251/2014 Number Law "Immigration and Social Integration Law and other regulations" , This includes all other types of residence permits.

investor/Residence permit for real estate owners-Top 10 countries

investor/Residence permit for real estate owners-Top 10 countries

Every year to investors/Real estate owners issue residence permits

Every year to investors/Real estate owners and their families issue residence permits

take care: Corresponding statistical data provided/Reflecting the valid residence permit extracted from the Immigration and Asylum Department database, Therefore, in any subsequent data extraction, Number of valid residence permits per month or year, The competent service department reviewed the pending applications between two consecutive data extraction dates and during the period of issuance of the relevant new residence permit, Its effective date can be traced back to the date when the interested party submitted the application.