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Become a home and Golden Visa owner in Greece
We are here to ensure guidance through every step of acquiring real estate and residency in Greece.
Featured Properties in Greece
Discover Greece’s stunning properties! You can view our sea-view, modern-designed, and prestigious properties below.
Benefits of Investment in
Nestled in the heart of the Mediterranean, Greece not only boasts breathtaking landscapes and a vibrant culture but also presents a compelling opportunity for savvy investors. Greece, with its resilient economy and strategic location, is emerging as a beacon for real estate investments. From the sun-kissed islands to bustling urban centers, the Greek real estate market offers a diverse range of opportunities.
The Services We Provide
Residential Real Estate
Find your dream home or explore lucrative residential opportunities with our expert guidance.
Commercial Real Estate
Invest in commercial spaces for long-term returns and strategic business growth.
Investment Properties
Identify and capitalize on high-yield investment properties tailored to your financial goals.
Personalized Visits
Gain valuable insights during personalized property visits, ensuring a tailored experience that aligns with your vision.
Online Viewing Options
Whether unable to attend in person or seeking virtual flexibility, our virtual tours empower you to assess properties from the comfort of your space.
Property Management
Ensure the smooth operation and maintenance of your real estate portfolio with our professional property management services.
Consultancy Services
Tap into our wealth of knowledge and expertise with our real estate consultancy services. Our experts provide strategic advice and insights to help you make informed decisions.
Legal Expertise/Support
Navigate legal complexities seamlessly with professional law teams. From property transactions to contractual agreements, we guide expert legal support tailored to your needs.
Golden Visa
What is the Greek Golden Visa program?
The Greek Golden Visa program is an investment program that allows non-European Union nationals and their families to obtain Greek residency by making a qualifying investment in Greece. Successful applicants receive a residence permit that allows them to live and travel within the Schengen Area for 5 years. This permit is not full citizenship but can be renewed if the investment is maintained. With this visa, it is possible to travel to 167 countries.
The application process involves submitting the required documents, undergoing background checks, and meeting the investment criteria. Legal and financial advisors are often recommended to navigate the application process successfully.
Greece has a relatively low tax rate on foreign income for Golden Visa holders, making it an attractive option for investors. The Greek Golden Visa program offers access to the Greek education and healthcare systems. While the Golden Visa provides residency, it does not grant immediate citizenship. However, after residing in Greece for several years and meeting specific criteria, individuals may become eligible to apply for Greek citizenship.
Frequently Asked Questions
What documents are required to open a bank account in Greece?
You will need your passport with a valid Greece or Schengen visa, tax plate or corporate tax-income declaration, residency from e-government, identity registration copy (translated and apostilled), mobile phone line bill, Greece Tax Number, Greek Line (Contoured telephone line), and a reference letter from your bank in your own country.
What are the legal processes involved in property transactions in Greece?
The lawyer prepares a Power of Attorney, registers the buyer as a taxpayer, checks property registry, prepares a Property Transfer Tax statement, assists in signing the Principal Property Purchase Agreement, and handles registration with the State Property Register.
Are there limitations on rental increases in Greece?
Yes, rental increases are limited by law. If the rental contract is for less than three years, the consumer rental index is used to determine the maximum rental price increase.
What are the tax implications for property holders in Greece?
The Greek Golden Visa program offered some favorable tax conditions for Golden Visa holders.Here are some general tax implications for Golden Visa holders in Greece:
- Income Tax
- Property Tax
Who is eligible to apply for the Golden Visa in Greece?
Non-EU citizens are eligible to apply for the Golden Visa. There are specific requirements and documentation that need to be met.
What are the investment options available under this program?
Real Estate Investment: This is the most popular and commonly chosen option. To qualify for the Greek Golden Visa through real estate investment, individuals can purchase residential or commercial properties in Greece.
What is the minimum investment required to qualify for the Golden Visa?
The minimum investment amount varies depending on the location of the property.
- The minimum investment in the eastern and western strips of Athens is 250,000 Euros. In all areas of Greece outside of Athens and Thessaloniki, the minimum investment is 250,000 Euros.
The Golden Visa applicant must be a property owner. In regions where the minimum investment is €500,000, it should be a single property, while in areas where the minimum investment is €250,000, it can be a combination of multiple properties.
Is there a limit on the number of visas granted each year?
The Greek Golden Visa program did not have an annual quota or cap on the number of visas issued to qualifying investors. Therefore, eligible applicants who met the program’s requirements could generally obtain the Golden Visa
Can family members also apply for the Golden Visa under the same investment?
Yes, immediate family members typically have the right to apply under the same primary investor’s application. Individuals eligible for application include, but are not limited to, children up to 21 years old, spouses, and the parents of spouses.
What are the residency requirements for maintaining the Golden Visa status?
The specific residency requirements for maintaining the Golden Visa status in Greece can vary depending on the individual’s circumstances and the terms outlined in the Golden Visa program. Here are some general guidelines regarding residency requirements to maintain your Golden Visa status:
- Greece does not require a specific minimum stay within the country.
- You can renew your Golden Visa every five years, provided that you have not sold the property with Golden Visa status.
- One of the key requirements for maintaining your Golden Visa is to prove that you have retained your investment throughout the visa period.
- You should also ensure that you are compliant with Greek tax regulations.
- Maintaining a clean criminal record is essential to retain your Golden Visa status.
Is it possible to convert the Golden Visa into Greek citizenship in the future?
The Greek Golden Visa program provided a path to Greek citizenship for individuals who had held the Golden Visa for a certain number of years and met specific residency requirements. Here are some key points to consider:
- Residency Requirement: To be eligible to apply for Greek citizenship you would need to reside in Greece for 7 continuous years.
- Legal Obligations: You should remain in compliance with Greek laws.
- Application Process: Process involves demonstrating that you have met the required residency period and providing the necessary documentation.
- Citizenship Approval: Approval is not guaranteed, the government will assess your application based on the eligibility criteria.
- Dual Citizenship: Greece allows for dual citizenship.
How long does the application process typically take?
Title deed procedures take an average of 1-1.5 months in Greece, and the process of obtaining a Golden Visa takes an additional period of approximately 3 months.
What are the costs associated with buying property in Greece?
The total costs associated with buying real estate in Greece, including Title Deed Pass Tax, Attorney’s fee, notary fee, Golden Visa Application fee, and service fee, typically amount to approximately 10% of the property price.
Are there any rebates or discounts available for property owners in Greece?
Yes, ENFIA rebates are available based on property value, with additional discounts announced periodically by the government.
Please note that the information provided is subject to change and it’s advisable to consult legal and financial experts for personalized advice.
How are properties taxed in Greece?
Properties are subject to annual property tax, which is calculated based on various factors including property type, size, and usage. Rental income and income from movable assets are taxed according to specific scales.
What is the minimum investment required to qualify for the Golden Visa?
The minimum investment amount varies depending on the location of the property.
- In certain areas of Athens and Thessaloniki, the minimum investment is €500,000.
- In areas outside these two regions, the minimum investment is €250,000.
The Golden Visa applicant must be a property owner. In regions where the minimum investment is €500,000, it should be a single property, while in areas where the minimum investment is €250,000, it can be a combination of multiple properties.