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July 19, 2021

Invest €250,000 in Real Estate and Obtain Greece Residency

Alongside with other European Golden Visas, Greece Residency Program popularity rapidly increases. According to an analysis from the Greek Bank, residential property prices not only held their ground but rose by 4.3%. Talking about commercial real estate, prices gained 1.2%.

What else do you need to know?

Greece Property Tax

In Greece, you are subject to taxation on a property either when you buy it or rent it out. The investor also has to pay taxes on the acquisition and pay a property tax each year.

Corporate Income Tax – 29%

Dividend WHT – 15%

VAT – 24%

Real Estate Transfer Tax – 3.09%

ENFIA (Uniform Real Estate Property Tax) – 0,0037-€11.25/sq. (principal tax)

TAP (Municipal Tax) – 0,025%-0,035%

Special Tax – 15%

About Greece Residency Program

Greece Residency Program is a low-cost route to obtain European Union residency for the investor and investors family. Greece Residency Program investment options start from €250,000 with a residency permit granted for 5 years. The fast application process takes only 60 days after which the whole family can travel without a visa within European Union and apply for Greek Citizenship after a set period.

Investors in real estate in Greece must keep in mind the additional taxes on real estate which are 3%- 24%. At €250,000 + taxes and fees (just over €300,000 in total) Greece Residency Program offers one of the lowest cost residency in Europe.

Greece offers both historical legacy and modern culture. Nowadays, Greece is well-knows for its natural beauty, stunning island and incredible coastline. Also, unique geographical position of Greece, make trade between EU and Middle East and Africa convenient.

Program Benefits

Greece Residency by Investment program, grants applicant with a 5-year residency permit and let’s apply for permanent residence and citizenship after this period if the applicant has spent at least 180 days per year in Greece and 7 consecutive years in the country. The program lets the whole family travel to European Union countries for 90 days and grants access to a high standard of education and living. In addition to that, there are no residency requirements.

Investment Options

  1. Real Estate Investment from €250,000

Residency permit for 5 years

Invest in one or several properties

The permit can be renewed for another 5 years by providing evidence that the permit holder still owns the property

2. Real Estate Lease or Timeshare from €250,000

Residency permit for 5 years

10-year lease or

Invest in a timeshare for tourist residences or hotel accommodation registered with GNTO (Greek National Tourism Organization)

LONDON BASED SOLUTIONS ADVISERS – Citizenship and Residency Solutions

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

Property virtual tours, 3-D tours, and in-person tours available.

Due diligence checks and additional property checks completed by our experts.

Residency & Citizenship document preparation and submission.

Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Photo by Hello Lightbulb on Unsplash