BUY REAL ESTATE PROPERTY IN GREECE AND GET A FIVE-YEAR RESIDENCE PERMIT NOVELTIES IN IMMIGRATION POLICY IN GREECE UNIQUE OPPORTUNITY OBTAINING A 5-YEAR RESIDENCE PERMIT IN GREECE AND EUROPE Kasatkina – Kouskou Svetlana’s law office in Greece offers legal services regarding title check of real estate property and also cooperates with real estate agencies in order to offer help with purchasing or selling real estate property in Greece. It also takes care of the process needed to obtain residence permit for the owner of the real estate property and his family in Greece, which is valid in the whole Schengen area for 5 years. In addition to this, the law office offers special legal services for starting a company and/or branch of a company in Greece and at the same time is responsible for obtaining the residence permit for the company/branch members in the county. According to the provisions of law No 4146/2013 by buying or renting real estate property with value of 250.000 € or more is given the right to the owner to get a five year residence permit in Greece and Europe for himself and his family members as well. Currently, Greece is the only country inside the Europian Union having a special investment law for “the creation of a friendly environment for policy and private investigations and other provisions”, which defines the criteria for long term immigration for natural as well as legal persons. An important aspect of this law is the integrated help and the attraction of direct investments in the country, while the ones who already hold a residence permit in Greece have also the right to visa free travelling in the Schengen area. The law mentioned above divides the investments in “private” and “policy” : I. “Private” investments and holders of the right to enter and stay in the country for five years with renewal possibility are considered: a) Third country nationals who own or it is proved that they intend to buy property in Greece as long as the minimum value of the property is 250.000€ b) Third country nationals who have signed a 10 year rental contract at least, for hotels or tourist furnished apartments as stated in paragraph 2 article 8 ,law No 4002/2011 as long as the minimum value of the rental is 250.000€. c) Family members of the above mentioned third country nationals. Α1. Εspecially for the third country nationals falling within the first indent the following should be considered in mind: 1. The owners should have the complete and absolute ownership of the real estate property. 2. In case of joint ownership with value 250.000€, the residence right is given as long as the property owners are spouses holding the property undivided. In all other cases of joint ownership the residence right is only given if the amount that each co - owner has invested amounts to 250.000€ 3. If the real estate property owner has bought it via legal person, has to own the entire grants per share. 4. The residence permit is also given in case the third country national owns either directly or via legal person more than one properties with a total value of at least 250.000€. 5. The intension of buying property has to be proved by documents that show financial ability (e.g. certification of a recognized A’ class bank or an official financing organization), which certifies the existence of bank accounts or other values, especially bonds or shares, enough to cover the investment capital of value at least 250.000€ and the purpose of the claimant to buy the real estate property (delegation agreement with a lawyer or an estate agent) Α2. For the ones falling within the indent (b) should resulting from the contract, the one-off payment of the rental, which is equivalent to the ten year rental of the accommodation or the tourist furnished apartments. Α3. In both of the above mentioned cases the value of the property has to be proved by the value mentioned on the contract or the rent contract. Α.4. Third country nationals who buy parcel or land and move on to building construction as long as the total value of the contract and the property development contract is up to at least 250.000€. Advantages given by the long – term residence permit in Greece: 1. This permit allows free entry into the property as often as the owners wish and in addition to this they are allowed to travel freely inside Europe and the Schengen area countries. 2. The residence permit does not include the right to access any kind of work. According to the meaning of the paragraph 3 of the of the law No 3386/2005 is not considered as “work” the financial activity of a shareholder or a managing director. 3. Real estate property owners can be outside Greece for as much time as they wish without that being a problem for the renewal of their permit 4. It provides to their children the right to enter all education levels in the Schengen area countries. 5. To get the permit mentioned above you will definitely have to buy real estate property with value 250.000€ or more and enter Greece with a special national visa type D. It is clarified that there is a possibility to submit an application for residence permit according to law No 4146/2013 to every third nation citizen who lives legally in Greece regardless the state or the type of his residence permit. This includes the ones who already hold a C type visa and the asylum seekers. 6. Granting residence permit in Greece can be achieved not only by buying real estate property as well as by starting business or a branch of a foreign company. All those choices are strongly encouraged by the greek competent authoritites who are interested in foreign capitals. 7.“Property with advantages”-Buying property in Greece regardless the value makes it easier to get a two year residence permit for you and your family members with renewal possibility. Kasatkina’s – Kouskou Svetlana’s, law office is based in a convenient place for its clients in the centre of Athens, and also the branch office is located in the seaside area of Glyfada, and provides legal aid concerning buying and selling real estate property throughout Greece. kasatkinalaw/en/help_info/obtaining-a-5-year-residence-permit-in-greece-and-europe.html Mrs. Svetlana’s Kasatkina – Kouskou law office Contacts kasatkinalaw e-mail: kasatlaw@gmail skype: kasatkina8 Main office: Greece, Athens, Ippokratus 2 & Akadimias (metro Panepistimio), 10679 3rd floor Phone/fax: (+30)211-0149605 Phone: (+30)211-0124473 Mobile: (+30)6948273758 Branch office: Greece, Athens, Glyfada, Vaso Katraki Square 6 (Central Square of Glyfada), 16675 3rd floor Phone/fax: (+30)211-2131652 Mobile: (+30)6948273758
Posted on: Fri, 05 Sep 2014 09:11:06 +0000
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