The Immigration and Social Integration Code (Law\n4251\/2014, Government Gazette 1, no 80 \u2013 as in force) contains provisions\nthat facilitate the stay of third-country investors, whose investments are\ncharacterized as strategic investments, via the provision of extended stay time\nlimits for the representatives of investment bodies and their partners.<\/p>\n\n\n\n
Moreover, it allows the granting of residence permits\nto third country nationals and to members of their families, who purchase real\nestate property in Greece, the value of which exceeds \u20ac 250,000.<\/p>\n\n\n\n
Specifically:<\/strong><\/strong><\/p>\n\n\n\n Article 16<\/strong> – Third-country nationals may enter and reside in Greece for the purpose of making investments which will have a positive impact on national growth and the economy. Entry to and residence in the country shall be allowed to no more than ten third-country nationals to implement the investment.<\/p>\n\n\n\n A<\/strong>. – \u00a0 A third-country national who has been granted a visa for investment purposes shall be granted a residence permit on the same grounds, on procurement of the required supporting documents. The duration of validity of the residence permit shall be five years subject to renewal for five years each time, provided that the investment activity continues.<\/p>\n\n\n\n – \u00a0 A third-country national who has been granted a visa for investment purposes shall be granted a residence permit on the same grounds, on procurement of the required supporting documents. The duration of validity of the residence permit shall be five years subject to renewal for five years each time, provided that the investment activity continues.<\/p>\n\n\n\n – By way of\nderogation from the provisions of Article 70(1), the above third-country\nnationals may be accompanied by their family members who shall be granted a\nresidence permit for family reunification, expiring simultaneously with the\nresidence permit of the sponsors.<\/p>\n\n\n\n Family members shall mean: <\/p>\n\n\n\n (a) the other of the spouses or registered partners\nwith whom the third-country national has signed a civil union or a registered partnership\n(which is considered equivalent or\ncomparable to marriage); <\/p>\n\n\n\n (b)the unmarried joint children of spouses or\nregistered partners under the age of 21,<\/p>\n\n\n\n (c) the unmarried children (under the age of 21) of\nthe sponsor or of the other spouse or civil partner, provided that the custody\nof the sponsor’s child has been legally entrusted to him \/ her and the custody\nof his \/ her spouse\u2019s or registered partner\u2019s child has been legally entrusted\nto him \/ her,<\/p>\n\n\n\n (d) the direct relatives in the ascending lines of\nthe spouse or registered partner<\/p>\n\n\n\n – The residence permit of a third-country national\nreferred to in paragraph 1 hereof shall read \u2018Residence permit for investment\nactivity\u2019 and state the holder\u2019s professional capacity under the heading \u2018Remarks\u2019.<\/p>\n\n\n\n B<\/strong>. – Subject to\nthe issue of a D-visa, entry to the country shall be allowed to no more than\nten (10) third country nationals per investment, as considered appropriate to\nmake investments that have been characterised as \u201cstrategic\u201d, pursuant to a\ndecision of the Interministerial Committee of Strategic Investments on\ninclusion in Law 3894\/2010 (Government Gazette, Series I, No 204).<\/p>\n\n\n\n – By decision\nof the Minister for the Interior, the above persons shall be granted a ten-year\nresidence permit subject to renewal for ten years, provided that the same\nrequirements apply.<\/p>\n\n\n\n – The above third-country nationals may be accompanied\nby their family members who shall be granted a residence permit for family\nreunification, expiring simultaneously with the residence permit of the\nsponsors, and by aides in the case of disabled persons.<\/p>\n\n\n\n Family members shall mean: <\/p>\n\n\n\n (a) the other of the spouses or registered partners\nwith whom the third-country national has signed a civil union or a registered\npartnership (which is considered equivalent\nor comparable to marriage); <\/p>\n\n\n\n (b)the unmarried joint children of spouses or\nregistered partners under the age of 21,<\/p>\n\n\n\n (c) the unmarried children (under the age of 21) of\nthe sponsor or of the other spouse or civil partner, provided that the custody\nof the sponsor’s child has been legally entrusted to him \/ her and the custody\nof his \/ her spouse\u2019s or registered partner\u2019s child has been legally entrusted\nto him \/ her,<\/p>\n\n\n\n (d) the direct relatives in the ascending lines\nof the spouse or registered partner<\/p>\n\n\n\n Article 20<\/strong> – By decision\nof the secretary general of the decentralised administration, a five-year\nresidence permit subject to renewal shall be granted to a third country\nnational who:<\/p>\n\n\n\n (a) Has legally entered the country with any type of\nvisa or legally resides in the country, even if the residence instrument in his\npossession does not permit change of purpose; <\/p>\n\n\n\n (b) Personally, has the full ownership, possession and\npeaceful enjoyment of real estate property in Greece. In case of joint\nownership of a property to the value of EUR 250 000, the right of residence\nshall only be granted if the owners of the property are spouses with\nindivisible shares in the property. In all other cases of joint ownership, the\nright of residence shall only be granted if the joint ownership rate of each\njoint owner equals to the value of EUR 250 000; <\/p>\n\n\n\n (c) Has the full ownership, possession and peaceful\nenjoyment of real estate property in Greece via a legal entity whose shares are\nfully owned by such national; <\/p>\n\n\n\n (d) Has made an agreement with a minimum term of ten\nyears for the lease of hotel accommodation or furnished tourist residences in\ntourist accommodation complexes pursuant to Article 8(2) of Law 4002\/2011 (Government\nGazette, Series I, No 180);<\/p>\n\n\n\n Has made a time-sharing agreement pursuant to the\nprovisions of Law 1652\/1986 regulating time sharing agreements and related\nmatters (Government Gazette, Series I, No 167), as in force. <\/p>\n\n\n\n (e) He has the full ownership, possession and peaceful\nenjoyment of real estate property in Greece [property of an objective value of\ntwo hundred and fifty thousand (250,000) euros] as inheritor or inheritance or\nas a result of parental provision, and he is an adult.<\/p>\n\n\n\n – The minimum value of the real estate property and\nthe contractual consideration of leases of hotels or tourist residences\nreferred to in this Article is set at two hundred and fifty thousand euros (EUR\n250 000) and must be fully paid up on the signing of the agreement. <\/p>\n\n\n\n The consideration is paid by crossed bank cheque to a\npayee’s payment account held by a credit institution operating in Greece or\nother bank transfer, as defined in Article 4 of Law 4537\/2018 (A’84) , to a\npayment account of the payee held by a payment service provider, according to\ndefinition 11 of Article 4 of Law 4537\/2018, operating in Greece. All the\ndetails of the payment, including the contractor’s details, the payment method\nand the payer’s payment and payee’s payment accounts, must be reported by the\nparties to the notary’s signatory and must be entered in the contract<\/p>\n\n\n\n – Third-country nationals who own real estate property\nmay lease that property. <\/p>\n\n\n\n – Such\nthird-country nationals may be accompanied by their family members to whom an\nindividual residence permits shall be issued following a relevant application,\nwhich shall expire together with the residence permit of the sponsor. <\/p>\n\n\n\n Family members shall mean: <\/p>\n\n\n\n (a) the other of the spouses or registered partners\nwith whom the third-country national has signed a civil union or a registered\npartnership (which is considered equivalent\nor comparable to marriage); <\/p>\n\n\n\n (b)the unmarried joint children of spouses or\nregistered partners under the age of 21,<\/p>\n\n\n\n (c) the unmarried children (under the age of 21) of\nthe sponsor or of the other spouse or civil partner, provided that the custody\nof the sponsor’s child has been legally entrusted to him \/ her and the custody\nof his \/ her spouse\u2019s or registered partner\u2019s child has been legally entrusted\nto him \/ her,<\/p>\n\n\n\n (d) the direct relatives in the ascending lines\nof the spouse or registered partner<\/p>\n\n\n\n – The above\npermit may be renewed for an equal period each time, provided that the real\nestate property remains in the ownership and possession of the thirdcountry\nnational, or the agreements referred to in paragraph 1 above remain effective\nand all other requirements provided for by law are met. Periods of absence from\nthe country shall not hinder the renewal of the residence permit.<\/p>\n\n\n\n Other\nRights<\/strong><\/p>\n\n\n\n Furthermore, as provided in the provisions of article 21, the third country nationals, holders of a residence permit, enjoy almost the same freedoms and rights as nationals, namely the freedom of movement and installation within the Greek territory, the right to insurance and social care, the right to education etc. Furthermore, they are entitled to the EU Schengen visa travel.<\/p>\n\n\n\n Residence permits for property owners\/investors – Top-10 Countries<\/strong><\/p>\n\n\n\n Source: Ministry for Migration Policy<\/em> Residence Permits to investors\/property owners and their family members – Top-10 Countries<\/strong><\/p>\n\n\n\n Source: Ministry for Migration Policy<\/em> The Immigration and Social Integration Code (Law 4251\/2014, Government Gazette 1, no 80 \u2013 as in force) contains provisions that facilitate the stay of third-country investors, whose investments are characterized as strategic investments, via the provision of extended stay time limits for the representatives of investment bodies and their partners. Moreover, it allows the granting of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"\/en\/wp-json\/wp\/v2\/posts\/774\/"}],"collection":[{"href":"\/en\/wp-json\/wp\/v2\/posts\/"}],"about":[{"href":"\/en\/wp-json\/wp\/v2\/types\/post\/"}],"author":[{"embeddable":true,"href":"\/en\/wp-json\/wp\/v2\/users\/1\/"}],"replies":[{"embeddable":true,"href":"\/en\/wp-json\/wp\/v2\/comments\/?post=774"}],"version-history":[{"count":5,"href":"\/en\/wp-json\/wp\/v2\/posts\/774\/revisions\/"}],"predecessor-version":[{"id":783,"href":"\/en\/wp-json\/wp\/v2\/posts\/774\/revisions\/783\/"}],"wp:attachment":[{"href":"\/en\/wp-json\/wp\/v2\/media\/?parent=774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"\/en\/wp-json\/wp\/v2\/categories\/?post=774"},{"taxonomy":"post_tag","embeddable":true,"href":"\/en\/wp-json\/wp\/v2\/tags\/?post=774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Issue and renewal of residence permit for purposes of investment activity<\/strong><\/p>\n\n\n\n
Permanent residence permit of the investor<\/strong><\/p>\n\n\n\n\n Country<\/strong>\n <\/td> \n Permits<\/strong>\n <\/td><\/tr> \n China\n <\/td> \n 1945\n <\/td><\/tr> \n Russia\n <\/td> \n 423\n <\/td><\/tr> \n Turkey\n <\/td> \n 384\n <\/td><\/tr> \n Lebanon\n <\/td> \n 119\n <\/td><\/tr> \n Egypt\n <\/td> \n 119\n <\/td><\/tr> \n Ukraine\n <\/td> \n 81\n <\/td><\/tr> \n Iran\n <\/td> \n 79\n <\/td><\/tr> \n Iraq\n <\/td> \n 76\n <\/td><\/tr> \n Jordan\n <\/td> \n 65\n <\/td><\/tr> \n Syria\n <\/td> \n 55\n <\/td><\/tr> \n Other countries\n <\/td> \n 274\n <\/td><\/tr> \n TOTAL<\/strong>\n <\/td> \n 3.620<\/strong>\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n
Date: 30.11.2018\u00a0<\/em><\/p>\n\n\n\n\n Countries<\/strong>\n <\/td> \n Permits<\/strong>\n <\/td><\/tr> \n China\n <\/td> \n 5367\n <\/td><\/tr> \n Turkey\n <\/td> \n 1028\n <\/td><\/tr> \n Russia\n <\/td> \n 1012\n <\/td><\/tr> \n Lebanon\n <\/td> \n 336\n <\/td><\/tr> \n Iraq\n <\/td> \n 325\n <\/td><\/tr> \n Egypt\n <\/td> \n 285\n <\/td><\/tr> \n Syria\n <\/td> \n 200\n <\/td><\/tr> \n Jordan\n <\/td> \n 189\n <\/td><\/tr> \n Iran\n <\/td> \n 182\n <\/td><\/tr> \n Ukraine\n <\/td> \n 174\n <\/td><\/tr> \n Other countries\n <\/td> \n 658\n <\/td><\/tr> \n TOTAL<\/strong>\n <\/td> \n 9.756<\/strong>\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n
Date: 30.11.2018<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"