Permanent Residence
Obtaining a Residence Permit By Investing In Real Estate
Permanent Residence
Permanent Residence
The Permanent Residence Program enables a non-EU citizen, including their dependents (up to age 24) and parents of both spouses to gain permanent residency status in Greece.
Permanent residency status means that the family has the right to live freely in Greece, or continue to live in their home country, and may use the permit when required. The permit holder and their family also have the right to access Greece’s public education and health care system.
Who Qualifies for Permanent Residency
Besides the main applicant (the investor), their spouse, dependents under the age of 24 as well as, the parents of both spouses, all qualify for permanent residency status.
Additionally
– The residency permit can be renewed every 5 years for all family members provided that the main applicant (the investor) retains full ownership of the purchased property.
-Gaining permanent residency via a real estate investment (with the intention of obtaining Greek citizenship), provides inheritance to the applicant’s family or dependents, offering them future opportunity and security.
The investment
– A real estate investment of €250,000 (net of vat).
-The investment can be used to purchase real estate either off plan, new build or a resale property.
Low Investment Threshold
Greece asserts one of the lowest required investments in Europe for permanent residency.
Extended Family Inclusion
The residency permit extends to the main applicant’s parents and parents in law without further requirements.
Travel
The permanent residency permit allows for visa free travel to 184 countries.
- The holder of the permanent residency permit has the right to apply for Greek citizenship provided they have lived in Greece for 7 consecutive years (180 days in each year).
- A child that has been born in Greece and is enrolled and attending first year of school
- A child with either parent having completed a continuous stay in Greece for 5 consecutive years prior to the child’s birth.
- A child or dependent whose parents have already acquired Greek citizenship.
- Children living in Greece whom have completed nine years of education (6 in elementary school and 3 in Gymnasium) or 6 years of secondary education.
Transferring Primary Permanent Residency to the children
Once a child is 24 years old, the parents can donate the property to their child.
In this instance, the child will become the primary permanent residency holder, with parents maintaining their permanent residency status under the provision of the law for parents.
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