Greece is a Schengen country. Greek immigrants can travel freely in 26 Schengen member states in Europe.
From an investment perspective, the current Greek real estate market has the advantage of "two lows". One is that the euro exchange rate is at a historical low, and the other is that Greek house prices are at a historical low. As the Greek economy picks up and housing prices climb, this investment will achieve two-way profitability.
Generally lower than other European countries, the cost of living is not high. The average monthly consumption of a family of three is about 500 euros.
Applicants do not need to show proof of source of funds, no language, business background, academic background requirements.
In July 2014, Greece canceled the medical examination requirements, and physical health is no longer a formal application requirement.
Residence application can bring children under 21 years old. If you are 21 years old within the validity period of residence, you can get a separate residence renewal every year until you are 24 years old. If a parent sells a property worth more than 25 Euros to an adult child, the child can obtain permanent residence as an investor, and the parent can obtain permanent residence as a family member.
In Greece, there is a one-stop fast track for residence permits. Generally, a temporary residence permit can be obtained within 2 weeks after a house purchase, and a formal residence permit can be obtained within 2 months.
There is no immigration supervisor and there is no need to live in Greece.
Whether you own one or more properties, you are entitled to the right of abode, provided that the total value is greater than or equal to 250,000 Euros.
No matter what type of real estate you buy, including: residential, shops, office buildings, farmland, factory buildings, warehouses or residential construction land, etc. As long as the total value is not less than 250,000 Euros, you can apply for permanent residence.
An apartment of 80-100 square meters can be bought in the center of Athens for 250,000 euros (this does not include the area of the balcony, garden, storage room, garage, etc.). Apartments of 60-70 square meters can be bought in the wealthy areas of southern or northern Athens.
|Expense Item||Receiving Unit||Amount (€)|
|Legal fee||Lawyer||1.2 % of the contract price of the property + 24 % VAT|
|Price on application (POA)||Notary/ Interpreter||200|
|Tax of transaction||Property transfer tax||3 % of the cadastral value of the property|
|Municipal Tax||3 % of tax of transaction|
|Notary fee||Notary||1.2% of the cadastral value of the property + 24% VAT
(Varies according to house price) + 500 (contract)
|Land registry fee||Land Registry||0.5 % of the cadastral price of the property + 24% VAT + 80|
|Real Estate Agency fee||Real Estate Agency||2 % of the contract price of the property + 24 % VAT|
|Expense Item||Receiving Unit||Amount (€)|
|Legal fee||Lawyer||500 + 24 % VAT (per person)|
|Application fee||Greek Immigration Service||2016 for main applicant, 166 for family members|
|Medical Insurance||Insurance Company||120 – 300 (per person depending on the age)|
|Single property tax (ENFIA)||For a purchase > 250.000, 300 - 800||Annually|
|Common Fees||30 - 50||Monthly|
Once the policy is changed, the old law will be implemented, which will not affect the validity of its documents, and it has no traceability.
You cannot work as an employee, but you can set up a company and manage the company as a shareholder of the company.
Children can apply for admission to a well-known local international school, the tuition fee is between 8000 euros. If you choose a public school, everything from nurseries to doctors is free.
You can go directly to any Schengen country you want to go to.
You can use real estate as mortgage, just like the Greeks.
According to the submitted draft law "Approval of Immigration and Social Integration Code (Ratification of the Migration and Social Integration Code), in one of the provisions, citizens of third countries that own Greek real estate will have the right to rent real estate under their name.
The housing rental income tax is stepped, with 12,000 euros as the dividing line. If the annual rental income is less than 12,000 euros, 11% income tax will be paid. For more than 12,000 euros, the first 12,000 euros pays 11% of the income tax, that is, 1320 euros, and the excess is 33%.
The medical system in Greece is well developed. Investors who obtain a residence permit in Greece through house-buying immigrants can enjoy free public medical services like local citizens. In addition, if customers need a higher level of medical services, they can choose private hospitals, or they can purchase medical insurance in private hospitals. The medical insurance price is not high, only a few hundred euros per year, which can cover the costs of common diseases, surgery and hospitalization. For resident customers, there is also a choice of insurance with a higher sum assured and covering the entire EU.