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Extension Of The Period Of Validity Of Residence Permits & Other Support Measures Due To Covid

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Extension Of The Period Of Validity Of Residence Permits & Other Support Measures Due To Covid

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Golden Visa In Greece

The Greek Residency Law

You and your whole family can become European Union residents for life. There is no minimum stay requirement and as a EU resident you can travel to other Schengen and EU countries any time without a Visa, open EU bank accounts or take business loans. Additionally, you have limitless free access to the Greek health, education and legal systems, social and political security without being a permanent Greek tax resident. The applicant must apply for an entry visa to the Greek consulate authority in their country of origin. Either a type C Schengen visa or a type D national visa is required to purchase a property in Greece.

It is the most competitive permanent residency scheme in Europe. This residence permit is valid for as long as the holder owns the property, however the holder is required to renew it every five years. In order to do that, the real estate property must remain in the full ownership of the applicant. Not being in the country, does not impede the renewal of the residence permit. The validity of the new residence permits will be ten years, provided that the right of permanent residence has already been acquired, and five years in other cases. A five-year residence permit can be converted into a permanent residence permit, as soon as five years have elapsed from the beginning of the family member’s residence in Greece, provided that the permitted periods of absence are observed.

What Is The Biometric Residence Permit In Greece?

Ability to confirm the legality of capital, legal and stable source income. Purchase of real estate for an amount equal or more than € 250,000. Type of object – residential premises or for commercial activities. Any quantity, the main thing is that the total value should not be less than 250 thousand €.

greece resident permit

In addition, to buy real estate in Greece, you will need to apply for an AFM – the Greek analogue of the INN and open an account in a Greek bank. And of course, the folder of documents will be slightly different – for example, it should include proof of the registration address in the country of residence. It is no more difficult for foreigners to buy property in Greece than it is for Greek citizens.

The Easiest Ways To Get Eu Residency For Those Without Eu Family

If you are setting up a connection for the first time, rather than changing the name, you will still need to go to the DEH office. To open a Greek bank account, you must go to the bank in person with your passport and AFM. Each bank will also have a checklist of supporting documents that you need to take with you. Those law firm istanbul who require a Schengen visa to visit Greece as a tourist can stay here for 90 days in each 180 day period. The process of moving to Greece is a little more difficult for those hoping to relocate from outside of Europe. European citizens do not need visas to spend a few months hanging out in Greece or working remotely.

We provide assistance in obtaining Tax ID and opening a Greek bank account in the name of the client for the purposes of the real estate purchase. Unlike real estate agencies that sell properties of a smaller value for 250,000 EUR we ensure that Turkish resident permit you buy a property that is worth equal or more than 250,000 EUR. We ensure that the titles of the property you decide to purchase are fully legitimate and free from burdens, liens, easement rights with all relevant documents up to date .

It is often a good idea to confirm this information with the airline or Greek embassy. The new legislation allows family wealth management firms with at least five employees and an annual expenditure of minimum €1m ($1.2m) to knock off staff costs and operating expenses from their tax bill. The Greek Parliament ratified a new law introducing a special tax regime to attract private family offices that caters to ultra-affluent clients with lower taxes. Exhaustion of tax liability for any foreign-sourced income by paying an annual flat tax of €100.000, regardless of the amount of income earned abroad and with no obligation to declare any foreign income in Greece.

greece resident permit

The deadline for getting the new document has been extended, but no date yet has been confirmed by the Greek Government. The permit holder can travel into the Schengen area up to 90 days Turkish staying permit in any 180-day period. First, there is no such thing as a permanent visa from anywhere for anyone. A visa is for entering a country, staying temporarily for up to 90 days and exiting.

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