(You can check the website of the Ministry of Foreign Affairs to see the full list of which country nationals need / don't need a visa to enter Greece.). One of the most popular ways to obtain a residence permit in Greece is via the Golden Visa Program. Properties in prime vacation areas are in high demand because of their ability to earn rental income. Based on the above, it is possible to obtain a residence permit in Greece, if the foreigner (third-country citizen) and the Greek or EU citizen enter into a civil partnership. d) The residence permit is also granted in cases where the third country citizen is the owner, either directly or through a legal entity, of more than one real estate property with a combined value of at least €250.000. In 2013, the Greek government passed a new law which gives non-EU nationals and their family members a residence permit when buying property with a value of €250,000 or more. The duration of the residence permit is 5 years and it can be renewed for another 5 years each time, provided that the applicant still owns the property. Greece is a member of the EU Schengen visa zone, so when you have this Greek residency permit, which is also called. You should follow the advice of the Greek Government and your local authority. When an investor has acquired, BENEFITS OF PERMANENT RESIDENCE PERMIT IN GREECE, To help you legally with getting resindence permit in Greece, we cooperate with experienced lawyer dealing mainly with cases of foreigners living / working in Greece, citizens of dual citizenship, stateless persons, political refugees, entrepreneurs who are active in the field of Europe, Greeks who have performed mixed marriages etc. e) In cases where the applicant wants to enter the country with a type D visa, the documented intention to own property should be supported by documentation which prove the financial capacity (e.g., certificate of an A-class certified bank, or other recognised financial institution), which certify the existence of bank accounts or other mobile assets, such as bonds or shares, which can cover the cost of the investment of at least €250.000, and which certify the intention of the applicant to purchase the property (contract with a law firm or with a real estate office). The value of the property, according to law 4146/2013, is the amount stated explicitly on the contract which has been submitted for the purchase of the real estate property. Non-EU citizens who buy a property in Greece with the minimum value of 250,000 Euro can benefit from the new and accelerated procedure for obtaining a Permanent Residence (PR) Permit in Greece and the new positive changes to the Greek Investment Immigration Program. The amount of money that a third-country citizen wishing to obtain a residence permit in Greece as an economically independent person is required to have monthly amounts to EUR 2,000.00, which is increased by 20% for the spouse and by 15% for each child he/she wishes to bring with him/her in Greece. Buying a property in Greece the value of which exceeds €250,000 will qualify a non-EU citizen and his family to get a permanent residence permit, “Golden Visa” . In Greece the cost of living is lower compared to the rest of Europe. This type of residence permit does not provide access to the labor market in Greece. Residence Permit for Financially Independent People (FIP) A much-delayed law that eliminates the residence permit requirement for non-Greek, European Union citizens living and working in Greece has finally come into force. Greece is a member of the EU Schengen visa zone, so when you have this Greek residency permit, which is also called Greece Golden Visa, you will be allowed to travel throughout the European Union. Residency permit by investment in Greece can be obtained by citizens of any country that is not a part of the European Union. To help you legally with getting resindence permit in Greece, we cooperate with experienced lawyer dealing mainly with cases of foreigners living / working in Greece, citizens of dual citizenship, stateless persons, political refugees, entrepreneurs who are active in the field of Europe, Greeks who have performed mixed marriages etc. A residence permit confirms your right to stay in the country as an employed person who is an EU/EEA/Swiss citizen. One of the most popular ways to obtain a residence permit in Greece is via the Golden Visa Program. Unparalleled beauty and diversity in landscape & vegetation. Adhesive labels in passports and all other kinds of paperwork relating to foreign nationals living in Greece are to be scrapped and replaced by a new, electronic residence permit that will also double up as an identity card. On 1 January 2021, the rules for EU citizens living in or moving to the UK will change. In all cases outlined above, the value of the real estate property will be determined based on the value of the property, or the lease, indicated in the contract of purchase. Article 20 of Greek Law 4251/2014- Greece Residence Permits for Financially Independent Persons (FIP Visa) Who can apply for the FIP Visa and obtain a Residence Permit in Greece? Greece is a member of European Union and the Schengen Zone of Europe, and your Greek Golden Visa will enable you to travel freely through Europe. In order for non-EU citizens to qualify for a Greek visa and residence permit* to retire or otherwise live in Greece without working for an employer in Greece, these basic requirements must be fulfilled: — A total of 2,000 euros/month in proven, consistent income; or … The EU directive on family reunification (Council Directive 2003/86/EC) decrees that the non-EU family members (spouses and children) of EU nationals and Greek citizens have an automatic right to residence and work. 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