The ancient nation of Greece which is one of the birthplaces of modern democracy and Governments is also a famous tourist destination. The Greek islands attract millions of tourists from across the globe who come to explore its ancient historical sites and the sandy white Mediterranean beaches. Greece is also a member of the European Union and Schengen agreement enabling Greek Permanent Resident Cardholders the opportunity to travel within the European Union.
The Government of Greece to promote investments and employment activities in the island has started a new program in 2014 called ‘Greece My Residence- Golden Visa Program’ based on The Immigration and Social Integration Code (Law 4251/2014, Government Gazette 1, No. 80). The program enables any individual who makes one of the following investments, an opportunity to obtain a Residence permit for 5 years which can later be extended as long as the investment is present.
The main qualifications of the programs are:
- The Person has entered and has a right to reside in Greece.
- Makes an investment of 250,000 Euros into the purchase of Real estate property in Greece. Or
- Has concluded an agreement for hotel or Tourist residence lease for a minimum duration of 10 years valued at more than 250,000 Euros Or
- Has full ownership, possession and peaceful enjoyment of property in Greece, through a legal entity owned by him.
The Greek program also provides for special exemption in the case of spouses and family members. The program also enables leasing of the owned rental property to earn any possible leased income.
The Empire Team is well equipped to guide you through the entire process of obtaining Greek permanent residency.
No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.
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