Currently, Greece's property investment immigration has become one of the most popular investment immigration programs. Due to its low investment threshold, fast processing speed, and high return on investment, it is deeply favored by investors. At the same time, with the overall economic recovery of Greece, the Greek real estate market has begun to warm up. Compared to last year, property prices have increased by 10%, and it is predicted that there is at least 40% potential for future growth. Therefore, whether from the perspective of immigration or investment, Greece is your top choice!
In the process of learning about Greece, you may often overlook the important property investment immigration policy. Therefore, we will address these policy questions one by one, and we hope this will be helpful to you!
The most common questions regarding Greece's property investment immigration policy are:
1. Which family members can be brought along when immigrating to Greece through property investment?
Family members who can immigrate to Greece together include: the spouse, children under the age of 21, and the parents of the main applicant and their spouse.
2. What kind of property can be purchased in Greece for 250,000 Euros?
You can purchase a high-end apartment of about 80 square meters in the city center of Athens, or a seaside villa of about 200 square meters in areas such as Glyfada.
3. Can I travel to other EU countries with a Greek permanent residence visa? Are there any requirements?
Yes. According to the principle that residence permits in Schengen countries have the same validity as a one-year visa, holders of a Greek permanent residence visa can stay in other Schengen countries for three months every six months, and simultaneously enjoy the right to multiple entries and exits to other Schengen countries.
4. Can I work in Greece through property investment immigration? Can my spouse or family members work in Greece?
The Greek investment residence permit does not currently grant the right to be employed. According to Article 20, Paragraph 6 of Law 4251/2014, the positions of shareholder or CEO are not included. Family members who have obtained a residence permit for the same duration as the main applicant are also not permitted to be employed.
5. Can I obtain a residence permit if I purchase two or more properties in Greece, where each individual price is less than 250,000 Euros, but the total price is greater than 250,000 Euros?
Yes. Whether you own one or multiple properties in Greece, as long as the total price is greater than 250,000 Euros, you can obtain a residence permit.
6. What kind of education and medical benefits can I enjoy by immigrating to Greece? Can my children attend Greek public schools?
You can enjoy the same public education as Greek citizens, but you must purchase medical insurance to access medical services. The insurance can be obtained either abroad or in Greece, and it must cover the duration of your stay in Greece.
7. Can I use the property purchased for Greek immigration as collateral for a loan?
Yes, there is no difference from Greek citizens in this regard.
8. Can I retain my permanent residence status after transferring the Greek property?
If the property is transferred before the end of the five-year residence period, the relevant third-country national will lose their right of residence in Greece.
9. What happens if a criminal record is incurred in the country of origin or in Greece during the validity period of the residence permit?
This will lead to the revocation of the residence permit.
10. Can I apply for naturalization to obtain Greek citizenship through property investment immigration?
Yes. The time spent residing in Greece under the property residence permit counts towards the number of years of residence required for citizenship application. Once you meet the legal requirements, such as having lived in Greece for 7 years, you can apply for Greek citizenship.