Article , Expert Blog , Lifestyle Whether you’re moving to Greece before or after the Brexit transition period ends, you’ll need to apply for Greek residency. © Copyright 2021 Property Guides. The above third-country nationals, by way of derogation from the provisions of Article 70, par. Greek bureaucracy can be infuriating, so be prepared for long waits and further visits to government offices. 1. The decree, which makes life easier for tens of thousands of European expats residing in Greece, was signed by President Karolos Papoulias and published in the Government Gazette on June 21. You would apply for a beige permit upon arrival in Greece. In this case, the period of residence is not relevant. 1. The application and the required documents, as specified by the Joint Ministerial Decision, referred to in paragraph 12 of Article 136, are submitted to the Greek Consular Authority of the area of residence of the interested persons, which, within one month, forwards them to the Directorate of Foreign Investments of the Ministry of Economy and Development.The above Directorate, within a month, examines the application and forwards the relevant motion to the competent Consular Authority in order for the required national visas to be issued. The entrance and residence of third country nationals is permitted in Greece, for the purpose of making investments that will have a positive impact on national development and economy. The applicant of the said residence permit is also obliged to rent a house in Greece. Therefore, holders of a Greek permanent residence permit, called the ‘Greek Golden Visa’, are permitted to travel freely throughout the European Union. 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. 8. Another popular option is the so-called ‘golden visa’, which provides a residency permit, renewable for up to five years, in return for purchase of real estate at €250,000 or more. 3. We offer a full list of services on all stages of the process and ensure your application for Greek residency will be successful. 1. You can invest in business or buy real estate of any value. Could this new scheme make Greece your retirement destination? Namely, these were the beige residence permit and the blue residence permit. greece@propertyguides.com Obtaining a Greek permanent residence permit usually takes around two months, and the permit can be renewed every five years. Registered in England No. To apply for the new permit you must have registered as an EU citizen resident in Greece by 31/12/2020. With regards to access to labor market: this type of residence permit does not allow any access to the labor market. Before you can apply for a work permit, you need a job so that your employer can be contacted. A five-year residence permit can be converted to a permanent residence permit after five years, provided the permitted periods of absence are not exceeded. Third country nationals, being subject to Chapters A and B of this Article and legally residing in the country, are not obliged to leave Greek territory in order to apply for a residence permit. Spouses b. the other spouse or partner with whom a third-country national has a cohabitation agreement in Greece c. The direct unmarried descendants of the spouses, who are under the age of 21 d. the direct unmarried descendants of the supporter or of the other spouse/partner , provided that their custody has been legally entrusted to the sponsor (for his/her children) and to the other partner (for his/her children), under 21 years of age e. the direct relatives of the spouses in the ascending line. Please download here the whole of Law 4251/2014 "Immigration and Social Integration Code and other provisions", which includes all other categories of residence permits. Moreover, it allows the granting of residence permits to third country nationals and to members of their families, who purchase real estate property in Greece, the value of which exceeds € 250,000. The Immigration and Social Integration Code (Law 4251/2014, Government Gazette  1, no 80) contains provisions that facilitate the stay of third-country investors, whose investments are characterized as strategic investments, via the provision of extended stay time limits for the representatives of investment bodies and their partners. 2. 6. All foreigners moving to Greece with a visa that is valid for a year or longer need to apply for a Greek residence permit. At Greece is Home we make sure that whether you are looking to visit Greece, or looking for Property Investment opportunities, we make you feel at home and provide you with a memorable experience. It became a member state in 1981. How to renew your Residence Permit. The above third-country national may be accompanied by the members of his family to whom,  at their request,  an  individual residence permit is issued,  that expires together with the residence permit of the sponsor. Take lots of photocopies so that you don’t take originals with you unnecessarily. 5. The entrance and residence of third country nationals is permitted in Greece, for the purpose of making an intangible investment in Greece in specific forms of securities or a bank deposit exceeding the value of €400,000, either as individuals or through legal entities. 1, may be accompanied by the members of their families who are granted a residence permit for family reunification,  expiring simultaneously with the residence permit of the sponsors. Please download here a Brief Guide to Residence Permits for investment activity in Greece, edited by Enterprise Greece, in the following languages: English, Greek, Chinese, Russian, Arabic and Turkish. 6. The minimum value of the real estate property, as well as the contractual consideration of hotel accommodation or tourist residences leases of this Article, is determined at two hundred and fifty thousand (250,000) euro and must have been paid in full upon the signing of the contract. The above third-country nationals, by way of derogation from the provisions of Article 70, par. Whether you’re moving to Greece before or after the Brexit transition period ends, you’ll need to apply for Greek residency. In addition, Greece is a member of the EU Schengen visa zone. 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. 05586029. You have allowed cookies to be placed on your computer. You’ll be able to enter 26 countries without a visa and stay for 90 days within every half-a-year. These should include bank statements so that you can prove that you are financially secure. Periods of absence from the country shall not disrupt the renewal of the residence permit. To apply for a Greece Residence Permit complete the steps listed below. Bring with you the documents you collected to apply for your National visa in your country, original or copies. The residence permit granted to the above non-EU/EEA citizens does not entitle them to work in Greece. I had to apply for a visa and residence permit before leaving the UK. COPYRIGHT © 2020 ENTERPRISE GREECE - ALL RIGHTS RESERVED, Industrial, Consumer & Construction Product Exports. investor permit, permit for dependent work, as an EU blue card holder, other special residency permits) for third country nationals, as provided by Greek law. Purchase of Greek Treasury bonds, with an acquisition value of at least four hundred thousand (400,000) euros and a residual duration, at the time of purchase, at least three (3) years, through a credit institution established in Greece, which is also their custodian. 1, may be accompanied by the members of their family, being granted residence permit for family reunification, expiring simultaneously with the residence permit of the sponsors, as well as by the support staff, in the case of people with disabilities. The above are granted, by decision of the Minister for the Interior, a ten-year residence permit, which is renewed for ten years, provided the same requirements are met. For help in all aspects of buying or moving to Greece, including residency, click the link for. Greek residence in 2 months; No need of having to live permanently in Greece Greece introduces new residence permits for EU and non-EU nationals living in the country. With this option, you don’t need to find employment or anything of the like, and you can be accompanied by your spouse and close family, who may also qualify for residency through you. Beneficiaries of the right to enter and obtain a permanent residence permit under this program are: - non-EU/EEA citizens who, as individuals, invest in Greece in securities or a bank deposit, - non-EU/EEA citizens who invest in Greece in securities or a bank deposit through a domestic legal entity of, - shareholders or executives of a foreign legal entity that makes an investment in Greece in securities or a. bank deposit (up to three residence permits are granted depending on the amount of the investment). Note: The statistical data provided correspond to/reflect the valid residence permits at the moment of their extraction from the database of the Ministry of Migration and Asylum.Therefore, at any subsequent data extraction, the number of valid residence permits per month or per year may increase, given the fact that pending applications are examined by the competent services during the period between two consecutive data extraction dates and relevant new residence permits are issued, with an effective date retroactively corresponding to the date of submission of the application by the interested party. GREECE PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit : - Investment in real estate by 250,000 Euros. "The resale of the real estate property during the period of validity of the residence permit, to another third-country national shall provide the right to the granting of residence permit to the new buyer with simultaneous withdrawal of the vendor's residence permit.". Depending on the amount and the characteristics of the investment, up to ten third country nationals may enter and reside in the country, including the investors, for the implementation and operation of the investment. Greece Residence Permit (Golden Visa) The property market in Greece is beginning its recovery following the Euro Crisis and this has opened up many exciting investment opportunities. I have always found the staff helpful and knowledgeable at these offices. (e) has concluded  a time sharing agreement pursuant to the provisions of Law 1652/1986 "Time sharing agreement and related issues" (Government Gazette 1, no 167), which is in force. 11 operating in Greece”. Upon your arrival in Greece, you should apply for the residence permit at the Decentralized Administration Office of your area of residence prior to the expiration of your visa. Modernizing the services to foreigners living and working in Greece, the Ministry also announced the digitization of appointments with authorities as well as the authenticity of electronic residence permits via mobile phones. By using our website, you agree that we can place these types of cookies on your device. (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. III. The residence permit validity is extended to 10 years for individuals who apply for permanent residence status. If you get as much paperwork and photocopying done as you can before leaving the UK, it will help. (c) has the full ownership, possession and peaceful enjoyment of real estate property in Greece via a legal entity, whose shares  are fully owned by him. Click here to see full Cookies Table. When you apply for a residency permit you should take as many documents as you can with you. The Greek residence permit will allow you visa-free travel to any Schengen country. More information on this issue will follow in the Greek gov BREXIT website and the Ministry of Migration Policy website later. The duration of validity of the residence permit is for five years and is subject to renewal for an equal period each time, provided the implementation of the investment or its operation is continued after its completion. You may be looking to invest in a Holiday Home, wishing to Retire in Greece or looking for Greece Residence Permit, we have the expertise to help you make the most from your investment. Now, many years later, you will instead have a range of visas available, and you apply for a residence permit when you are in Greece rather than before you leave your own country. This residence permit allows foreigners to reside on the territory of Greece and to travel freely throughout the Schengen area, but does not provide the right to work. Purchase of shares of an acquisition value of at least four hundred thousand (400,000) euros in a mutual fund, which has been established in Greece or another country and whose object is to invest exclusively in shares, corporate bonds or Greek Treasury bonds that are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece. 020 7898 0549 Residence permits to investors/real estate owners - Top 10 countries, Source: Ministry οf Migration and Asylum General Secretariat for Immigration Policy, Residence permits to investors/real estate owners per year, Source: Ministry οf Migration and AsylumGeneral Secretariat for Immigration Policy, Residence permits to investors/real estate owners and their families per year. By decision of the Secretary General of the Decentralized Administration, residence permit for five years, subject to renewal, is granted to a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. To the third-country national, to whom has been granted a visa for the realization of an investment, a residence permit shall be granted for the same reason, on procurement of the required documents. By decision of the Secretary General of the Decentralized Administration,  residence permit for five years, subject to renewal,  is granted to  a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. Το third country nationals, real estate property owners, the possibility of leasing that property is  granted. 4. All Rights Reserved.Property Guides names, logos, and brands are wholly owned by The Overseas Guides Company Limited. For the granting of the residence permit, an application with the required documents is submitted to the Directorate for Migration Policy to the Ministry of Interior, as these are defined, by the provisions of Article 136, par. Greece Property Guides Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a company headquartered or established in Greece, except for Holding Companies and Real Estate Investment Companies, for the acquisition of stock in a capital stock increase or bonds upon the issuance of a bond loan, which are listed for trading in regulated markets or multilateral trading facilities operating in Greece. If you don’t have a work and/or residence permit for Greece and would like to know how to get one, please read “ How Americans/non-EU citizens can get a permit to move, live and work in Greece.” *Article last updated January 2, 2015 “ The consideration is paid by a crossed bank cheque to a bank account of the beneficiary, held in a credit institution operating in Greece or with a credit transfer, as defined by Law 4537/2018 article 4, par. U.S. citizens married to European citizens may apply for a Greek residency permit. Applicants do not have to be in Greece to apply for a residence permit. If you have a holiday home in Greece, then you will likely be fine with a tourism visa, which allows you to stay for 90 days in every 180-day period. 2 of Law 4002/2011 (Government Gazette 1, no 180). The competent departments of the Ministries of Development and Competitiveness shall notify, in writing or by e-mail, the Directorate for Migration Policy of the Ministry of Interior, about any change in the evolution of implementation of the investment activity. As lots of Residence Permits expired in 2017, the Greek Asylum Service asked permit holders to renew them through an online procedure. What this means If we don’t apply for the new biometric permit by June 2021, we won’t acquire any rights under the Withdrawal Agreement and our status will revert to non-EU national. If you are a resident in Greece you should exchange your UK licence for a Greek driving licence.You can still use your Greek licence in the UK for short visits or exchange it for a UK licence without taking a test if you return to live in the UK. Greece Residence Permit. Residence / Registration Certificate 1. Greek property buyers look for lower prices. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Real Estate Investment Company (REIC) under article 21 of Law 2778/1999 (OJHR A-295), whose object is to invest exclusively in Greece, for the acquisition of stock in an increase of its capital stock. Getting residency in Greece is a great feeling! Up until December 2020, there were two different types of residence permits in Greece. 24 (Official Government Gazette Α΄ 84) to a beneficiary’s bank account held in a payment service provider, as defined by Law 4537/2018 article 4 par. Usually both documents are valid for five years. The residence certificate is not the same as a permanent residency permit. The residence permit for financially independent people is issued for a period of 2 years and has to be renewed every 3 years. Residence document holders will then be invited by the Ministry for Migration Policy, at the end of 2020, to change their documents to the new biometric residence permits. Residence permit in Greece for financially independent persons The only problem with this state of affairs was that if you forgot to get a new visa you had to pay a fine when you left Greece. This website uses cookies to manage authentication, navigation, and other functions. II. Remove Cookies 3. Some people manage to get a renewed Residence Permit within a month or two. You can find the guidelines on how to renew your Residence Permit in English here. Purchase of shares or stock of an acquisition value of at least four hundred thousand (400,000) euro in an Alternative Investment Fund (AIF), which has been established in Greece or another Member State of the European Union and whose object is to invest exclusively in real estate in Greece, provided it is included, upon its request, in the list compiled by the Foreign Funds Directorate of the Ministry of Development and Investment in cooperation with the Hellenic Capital Market Commission. You can get documents translated in the UK before you leave, so birth and marriage certificates can be translated and notarised in the UK. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Venture Capital Company (VCC) under article 5 of Law 2367/1995 (OJHR A-261) for the acquisition of stock, or capital contribution to a Venture Capital Fund (VCF) under article 7 of Law 2992/2002 (OJHR A-54) for the acquisition of stock, provided that the object of the said Alternative Investment Funds (AIF) is to invest exclusively in companies headquartered or established in Greece. Change Cookie Consent 1, in the Joint Ministerial Decision. In the residence permit of third-country nationals referred to in paragraph 1 of this Article, it shall be stated “Residence permit for investment activity "and in the" Remarks " the professional status of the holder shall be referenced. 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