GREECE

Greece

Greece famous for having the longest coastline in Europe is made up of Islands which are famous for being tourist destinations issues permanent residency rights to foreign to investors based on real estate investment or property purchase in Greece. Since 2018, Greece has become one of them most sought golden visa programs by non-EU citizens in Europe.

European Residency By Investment

Greece Permanent Residency Program

(Starting from) Euro 250,000

Visa-Free countries

Schengen Area

Time Frame

2- 3 months

Family Dependents

(included in same application) Children under certain age & conditions (under 28 years old) Parents above certain age & under condition (above 55 years old)

Types of Investment

GREECE PERMANENT RESIDENCY PROGRAM

Greece gives the option to Non-EU nationals to obtain permanent residency. A PR holder can obtain Greek citizenship via naturalization after 5-10 years years of legally residing in the Republic. To be eligible and obtain the Permanent Residency (PR) the investor should proceed as follows:

€ 250,000 Statring from

Real Estate Investment: Investment (in real estate property) Euro 250,000 + VAT Or 10-year lease agreement for hotel accommodation Or A 10-year time-sharing agreement for hotel accommodation

Capital Contribution A capital contribution with a minimum value of EUR 400,000 to a company that has its registered office or establishment in Greece

Capital Transfer A capital transfer of a minimum value of EUR 400,000 to a domestic credit institution, for at least one year, with a standing order for renewal

Due Diligence Fees

Discription	Fee
Government fees Registry, Court and Courier Fees
Registry, Court and Courier Fees	Euro 520
Permanent Residency (PR) Application Fees	Euro 2,240
Cyprus ID Issuance Fees	Euro 600
Permanent Residency (PR) does not allow to work and is only limited to Cyprus.

PR permit can include the following Dependents

• Applicant and Spouse.
• Children up to 25 years old if financially dependent on the main applicant &
studying full time for higher education.
• Financially independent children if the market value of the purchased property
is increased by Euro 300,000 + VAT per independent child. They will also have
to retain Euro 30,000 in a three year fixed deposit.
• Parents and parents in law of main applicant if an income of Euro 8,000 per
parent is added to the required annual income.

Disclaimer

All application fees charged by the government of Greece and by Shaklegal are subject to changes, these fees depend on the number of applicants and complexity of the process. Please contact our office if you have any question or need further information. Shaklegal’s advisory fees are based on the number of the applicants, country of origin, residence and other retained services, as well as the services and legal fees related to the submission of the citizenship and passport application for applicants. Therefore Shaklegal ’s fees are not mentioned on the brochures. The advisory and legal fees are non-refundable. The timeline is indicative, an estimate provided for information purposes only. Processing, time and cost will vary depending on a number of contributing factors. Shaklegal is not responsible for any changes to the estimates; we can provide specific time and cost estimates on an individual basis. Please contact our office for more up-to-date information. Please note that any additional disbursement fees are charged to the applicant.

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