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Greece Residency

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The Greece permanent residency program enables an entire non-EU family, including dependent children up to age 24 and the parents of both spouses, to obtain permanent residency status in Greece within just 2 months with a real estate investment of just €250,000. It is the most competitive permanent residency scheme in Europe.

Permanent residency in Greece enables visa-free travel to all countries of the Schengen zone, for up to 90 days in each 6 months period. It also offers an insurance policy for the future ensuring you always have a second place to call home. Recent legislation changes now enable PR holders to apply for Greece (EU) citizenship as well.

"Permanent residency offers your family the freedom to live freely in the EU and to travel with ease, it provides access to excellent education and healthcare, or simply offers an insurance policy for an uncertain future."

KEY FEATURES:

  • Includes dependent children up to age 24
  • Includes the parents of both spouses
  • 2 month processing time
  • Gives the right to apply for EU citizenship
  • Visa-free travel within Schengen zone

Permanent residency status means that your family have the right to live freely in Greece or continue to live in your home country and use the permit whenever you need it. Greece is a superb base for travelling throughout Europe with its excellent flight connections to Europe and the rest of the world. Additionally, it offers a high quality of life, including modern medical facilities, shopping, natural beauty, sports, cultural events, a warm climate, and many private schools and universities with English as teaching language. As a PR holder you are able to enjoy the same health and education rights as Greek nationals.

WHO QUALIFIES?

The residency permit applies to the investor, their spouse, unmarried dependent children up to age 24 and the dependent parents of both spouses. The permits are valid for 5 years after which they can be easily renewed subject to the real estate investment being held. Obtaining permanent residency and eventually EU citizenship offers a legacy to your and later your children’s families.

THE INVESTMENT

The Greece program requires a real estate investment of €250,000 (net of vat). The investment can be made in land, off-plan, new or resale properties as long as the minimum value is met. Investors have the right to sell the property before the expiration of 5 years to another foreign citizen, who can also apply for permanent residency, however, the original investor must forfeit his permit to do so.

  1. In cases of joint ownership, where the value of the property is €250.000, the residence permit is only granted if the owners are spouses with undivided ownership of the property. In all other cases of joint ownership, the residence permit is only granted if the amount invested by each of the joint owners is at least €250.000.
  2. If the owner has acquired the property through a legal entity, the applicant must own 100% of the company shares.
  3. Either a single or multiple properties with a combines value exceeding €250,000 are applicable.

CITIZENSHIP

Permanent residents have the right to apply for Greek citizenship after living in Greece for 7 years, in accordance with legal provisions. Their children may apply if:

  1. they attend any Greek school for 9 years, or
  2. they attend a Greek secondary school for 6 years, or
  3. they attend a Greek University.
An EU citizen is free to live, work, travel, receive healthcare or pursue education anywhere within the EU, including the UK. In fact, travel benefits extend way beyond Europe with Greek passport holders being able to travel visa free to an extensive list of countries.

For more information please contact info@pafilia.com

 

Head Office:
33 Nicodemou Mylona
Pafos, CY8101
Cyprus
T: +357 26 848 800
F: +357 26 934 910
E: info@pafilia.com
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307-309
28th October Avenue
Limassol, CY3105
Cyprus
T: +357 25 590 880
E: info@pafilia.com

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