Permission for permanent residence, citizenship and a Schengen visa with property in Greece

Permanent Residence & Schengen Visa with Property in Greece. The new Greek law offers permanent residency and citizenship to investors and their family members, who buy property in Greece, of min value €250,000.

 GREECE RESIDENCY BY INVESTMENT PROGRAMME BENEFITS

Living : Residents may only live in Greece. Citizens have the right to live anywhere within the 34 countries of the European Union (EU)

Freedom to Travel: Residents enjoy visa free travel in 26 Schengen Member Countries; Citizens over 160 countries worldwide

Education: Residents and Citizens have the right to attend schools and universities within any EU country; Citizens for free or at heavily subsidized ‘ EU national’ rates

Healthcare: Citizens can also benefit from the world-renowned and leading healthcare systems in the EU

EstateGreek.gr is a real estate office, acting as buyer’s agent specialized in finding homes and other properties North Greece. We serve the following groups of clients. First, people that want to buy a second home to spend their vacations in Greece and get prepared to live during some periods or all years of their life.Second, Non-European Nationals that want to make use of the benefits given by Greek Golden Visa Program to obtain permanent residency in Greece and long term Schengen Visa for them and their family member.

Non-Europeans seeking a fast-track route to EU residency, now they have a new option-buying Greek property. Greece offering super-speedy residency status to anyone who buys a property over €250,000 or 280,000$ approx. Greece has launched a special programme of 5 years residency in order to attract wealthy investors from third countries, mainly Chinese,Russians, Iranians and other Middle and Far East countries, who aim firstly to use the visa to contact business in other European countries, which they can visit freely without the Schengen visa requirements.

Obtaining a property in Greece of over 250.000 Euro value or 280,000$ approx, you and your family members enjoy 5 years residency in Greece and you may travel without visa within the Schengen area of 26 countries.

 (Austria,Hungary,Norway,Belgium,Iceland,Poland,Czech Republic, Italy, Portugal, Denmark,Latvia,Slovakia,Estonia,Liechtenstein Slovenia, Finland, Lithuania, Spain, France,Luxembourg,Sweden,Germany,Malta, Switzerland,Netherlands).

 The 5 year residency can be renewed for any other 5 years period as long as you maintain the ownership of the property. Needless to say that over and above reason,

Greece is a dream destination for holidays and retirement, while for young and middle year old businessmen families that their country’s education system does not provide satisfactory education, the parents prefer their children to go to an English-language school or University in Greece.

Individual or legal entities,
which are affected by the restrictions above, can request the lifting of the ban for the border regions, along with their application, which should clearly state the intended use for the property. The decision to lift the ban is made by the Minister of Defence, following the submission of an application. The Law “Creation of a Development Friendly Environment for Strategic and Private Investments” (4146/2013) of the Ministry for Development, Competitiveness, Infrastructure, Transport and Networks, facilitates the residence of investors in Greece through the granting of residence permits.

 In addition, third-country citizens (non-EU citizens),who buy property in Greece, the value of which exceeds €250,000 or 280,000$ approx, obtain residence permits for their family members as well. Buying now a property in Greece is also a wise investment, as you are investing in a European country where in the real estate market prices are nearly 30-50 % lower than the 2008 deep recession that has accompanied the Eurozone countries. Therefore the capital gain earned whenever you decide to sell the property will be high.

Reasons to Invest in Greece
Greece is a Member of the Schengen Area
The Schengen Area consists of 26 European countries, not including Cyprus and the UK. Holders of the Greek residency permit enjoy the same travel privileges with a Greek citizen in the Schengen Area. This means they can:
Travel directly from their country of origin to any Schengen country
Travel freely within the Schengen zone without lengthy customs’ checks
Reside to any other Schengen country up to a period of three months every six month period with the right of multiple entries
* Schengen Area countries: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland.

Low Cost Access to a European Golden-Visa
Many European countries have recently offered non EU-citizens access to Europe through Golden Visas. Greece is one of the most economically reasonable solutions and the cheapest in the Mediterranean area.
Countries such as Portugal, where the minimum property value must be 500,000 Euros, and Cyprus, where the minimum property value must be 300,000 Euros, are considered very expensive compared to Greece where the similar requirement is only 250,000 Euros.

Note that other popular real estate investment markets, such as the US, now experience a rise in prices driving most investors away.