The Greek Group of Companies Rhetor, undertakes the whole procedure of residence authorization in Greece, having the potential of three specialized companies that indicate every phase of your investment process
Our highly qualified partners ensure the submission of a complete application and your residence authorization in Greece, directly and with guaranteed results.
In accordance with Law 4251/2014 the Greek legislation enables third-country nationals (from outside the European Union ) to obtain a five years duration residence permit with one of the following methods:
Purchase of Real Estate Property of 250.000Euro
The residence permit is granted for a period of five years, including the members of the family (wife, children up to 21 years old, parents), which can be renewed for every five years, as long as the main applicant keeps the property in his possession
Ηοw long does it take for the final decision to be issued, after the filling of the applicants folder?
Law 4251/2014 states that from the moment the biometric examinations have been succesfully completed, the examination period takes two (2) months, but in practice and depending on the Region where the investor's file will be submitted, the examination time can many times exceed six (6) months. During the whole examination period, the applicant has the right to stay legally in Greece.
Is it necessary for someone who applies for residence permit to previously obtain an entry visa to Greece?
Only if he/she comes from a country that the entry visa for entering Greece is required.
Can whoever holds a residence permit, take into consideration the years of the residence to acquire the Greek nationality?
Yes, with the necessary condition that he stays legally and permanently in Greece for at least seven (7) years, prior to his application for Greek Citizenship and that he also meets the conditions mentioned in the Greek Citizenship Code (L. 3284/2004).
Does the holder of residence permit have the right of employment in Greece?
No, but he/she can be entitled as a shareholder, member of a management board of a company or the Managing Director.
What is provided for the investors’ family?
The investors’ family members are also entitled to the same benefits of individual residency permit by submitting an individual application which could be renewed or either expired at the same time with the owners residency permit of the property.
Is the possibility of permit renewal provided?
Yes it is for every five years, for as long as the main applicant, keeps the property in his possession.
Which is the duration of residence permit?
5 years with the option to renew.
The amount of 250.000euro concerns only a real estate purchase;
No, there are more potential alternatives to be considered:
-the purchase of immovable property, or
-timeshare of 10 years duration, or
-holiday leasing agreements of hotel accommodation or furnished dwellings on complex tourist accommodations with at least 10 years duration
in accordance with the Greek Legislation 4251/2014
Is it possible the property to belong to a legal entity
Yes as far as 100 % of the company's shares, are owned by the main applicant
The amount of 250.000 is referring to one or more properties?
Τhe main applicant can obtain the Golden Visa, by acquiring one property or more, with their total value exceeding the amount of 250.000 Euro.
How is the value of the property confirmed?
From the values provided in the contracts, or from the leasing agreements.