Only spouses can share the investment and jointly own the property with a total value 250,000 Euros.

In all other cases of shared ownership, the right of residence is granted only if the amount invested by each co-owner is a minimum of 250,000 Euros.

For example, two families can have two separate permits for all members if they jointly purchase a property valued at 500,000 Euros or higher.

We can answer all your questions regarding the program and present your obligations as a property owner in Greece. We can help you with the entire process, and once you appoint Prime Space as your consultants and visit Greece, it can be done in 3-4 days.

• We arrange and view properties
• We’ll issue you a tax ID number
• We’ll open a local bank account
• You must sign a property purchase pre-agreement with the property seller, and a 10% deposit is required to secure the transaction. This amount can be transferred after you return to your country. Some property owners accept a smaller deposit amount of 5,000 to 10,000 Euros
• After we receive the deposit we transfer the property to your name
• We register your name as the new owner at the local land registry authorities
• Then we apply for the residency permit(s)

We’ll do the rest on your behalf with a power of attorney from yourself, without you being in Greece. All payments will be performed from your Greek bank account after you transfer the required funds.

We follow up with the whole procedure and keep you posted every step of the way.

There is a property transfer tax that must be paid to the government. The tax is based in the net property value and is equal to 3,09%. So a property of value 250,000 Euros is charged with tax of €7,725.

You will also be charged for legal, notary and service fees. The total amount charged is approximately 8% to 10% of the property-selling price, for all legalities inclusive of agency fees.

We offer a no hidden costs guarantee. Every customer receives a detailed cost breakdown before any commitment.

The residency permit is permanent. The only criterion is property ownership.

The permit is renewed every five years indefinitely.

For the group family permit. The law allows them to extend their permit for 3 more years and have access to the employment market.

Yes, after five years of continuous residency, permit holders may apply for Greek citizenship.

[law No. 4332/2015, Greek Government Gazette Number 76 A’, July 2015]

For the citizenship eligibility there are certain criteria to be met:

– Knowledge of Greek language. Knowledge of Greek history and elements of civilization.

– The applicant must live in Greece for most of the time before the application.

With the approval of the application the investor receives:

– Greek – European Union passport

– Voting rights

Holders of this type of residency permit are allowed to setup their own business in Greece.

They are not allowed to work under any type of employment.

In order to visit Greece you will need to issue a Schengen visa from the Greek embassy in your country.

To issue an investor’s visa you will need to show enough funds to cover the minimum investment amount of 250,000 Euros.

If you travel from IRAQ you must apply in Baghdad. You will be required to visit Ankara or Istanbul for the interview.

If you travel from AFGHANISTAN you must apply in Islamabad (Pakistan).

SYRIAN citizens that reside in Syria have to apply to the Greek embassy in Beirut (Lebanon).

Yes. You are entitled to residency rights irrespective of whether you own one or more properties, commercial and residential, provided that their combined value is equal to or greater than €250,000.

Together with the main investor, the following family members can be included in the group residency permit:

– Spouse

– Children up to the age of 21

– Main investor’s parents

– Spouse’s parents

All family members are granted permanent residency permit, renewed every five years as the main investor.

Holders of the residence permit have access to public education, as do Greek citizens.

There is a variety of state and private schools and universities with a multilingual syllabus.

They also have access to the Greek public health system.

Residence permits holders and their family members must also have a private insurance policy that covers their healthcare and medical care expenses.

All property owners must file an annual tax report, and pay a yearly property tax.

For a standard 3 bedroom flat in downtown Athens, the annual tax is approximately 500 Euros. Greek real estate ownership is the cheapest in Europe.

If you rent your property you will pay approx. 11% as income tax.

Our company will cover you in full for these services.

Your residence permit will allow you to travel with your passport to all countries that are part of the European Union, as well as, to all countries that belong to the Schengen Area:

Austria, Belgium, France, Germany, Denmark, Estonia, Spain, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Hungary, Poland, Portugal, Slovakia, Slovenia, Sweden, Czech Republic and Finland.

You may also travel to these Non-EU countries that belong to the Schengen Area:

Iceland, Norway, Switzerland and Liechtenstein.

Please note that after the residence permit has been issued, you may also travel to any Schengen country directly from your country. You do not need to go through Greece first.

You will be handed a list of documentation to prepare which we will assist you with. Proof of purchase of the property or the lease contract, marriage certificate, birth certificate and health insurance that will cover your medical expenses if needed. We may obtain the insurance coverage in Greece from a local company on your behalf; we will cover all the above together making sure your investment is hassle-free.

We handle all the necessary paperwork on your behalf, including:

– The application process for the initial residence permit,

– the submission of any additional required documentation

– and finally the collection of the receipt of the residence permit.

We also deal with all aspects regarding the purchase of the property.

As soon as you submit the residency application you will receive a confirmation receipt that serves as a one-year provisional residency permit. You can reside legally in the country for the duration of the confirmation receipt (one year) and you are entitled to all the benefits of the final permit. In the meantime (two to three months) you will receive the final residency permit certificate.