250,000€ is enoughGreek residency and Citizenship through investment

© Prime Synergy 2016

Greek Residency through property acquisition

• Greece offers permanent residency permit for owners of real estate, the value of which exceeds 250,000 Euros. After 7 years of residency the investor may apply for citizenship.

• Residency permit can be obtained by main applicant (investor) and all family members, including children up to 21 (extended to 24), parents of the investor and spouse.

• No minimum stay requirement. Holders of the Greek residency permit are not burdened with annual travel expenses in order to retain their rights.

• Visa-Free travel to all Schengen countries directly from the country of origin. No need to come to Greece first.

• The investor may establish and operate his own business in Greece.

The Total cost

Property taxes• The property transfer tax is 3,09% or VAT 24% (of the net

property price).

Property expenses

• Total cost for these expenses is 5% to 7% of net property price. The exact cost depends on the property type, floor, age, location etc. and consists of the following services.• Issuance of Greek tax number

• Greek bank account

• Lawyer representation fee

• Property due diligence

• Notary fee

• Registration of the new owner at the local authorities

• Project administration fee

Residency permit• Legal fee for each family member 650 Euros.

• Voucher of 500 Euros for each family member over 13 years old

The Total cost

We provide a total cost breakdown to the customer showing clearly :

• The property cost• The associated taxes• Legal, notary and other fees and

expenses• The administration fee• The residency permit fees for all the

family members

The Process

• Property visits and decision for purchase.

• Pre-agreement with property seller stating the business terms (Price, delivery, payment terms, property condition etc.).

• Power of Attorney authorization to Prime Synergy, to complete all formalities on behalf of the customer.

Property selection

• Final property legal check and “property health report” for the buyer.

• Payment of deposit (10%) to the seller.

• Transfer of funds to Greek bank account (or direct transfer to seller’s account after contract signing).

• Property transfer formalities (collection of documents, Contract preparation, contract signing, registration of new owner in land registry authorities).

• Funds transfer to seller’s account after contract signing.

Property purchase

• Residency permit application

• Collection of biometric data

• Residency Permit collection and delivery to the customer

Residency permit

Requirements from the investor

• To invest a minimum amount of 250,000€ in Greek real estate together with the related expenses (10% on top of the property price).

• Investor and all family members must enter Greece once.

• To transfer the funds to the Greek banking system. Directly to the seller or to his own Greek bank account.

• To transfer the funds from own account abroad.

• To have health insurance policy with international coverage.

The road to citizenship

• 7 years of uninterrupted residency in Greece

• Knowledge of Greek language and elements of the history and civilization

OFFERS

• Greek – European Union passport

• Voting rights

• To live and work in any of EU/Schengen countries

Law 4332/15 – government gazette 76A - 9th July, 2015

After sales

• Accounting services• Submission of tax report• Property & income tax payments• Property status reports (performed in ownership changes)• Handling of all communication with the tax and land authorities

• Rental services• Advertising and presentation of property to potential tenants• Thorough check of tenant’s credibility to ensure regular payment• Tenant replacement• Periodic check of the property condition

• Property preparation • Utility services activation• Professional cleaning• Procurement and installation of electric appliances

Why buy property in Greece

• With 250,000€, Greece offers the lowest cost “European golden Visa”.[Cyprus 300,000€ (No Schengen access), Hungary 360,000€, Spain and Portugal 500,000€]

• Property prices have dropped 40% to 60% from 2010 (source: Bank of Greece). With 250,000€ you can buy a new 2-3 bedroom flat in downtown Athens.

• The cost of ownership is the lowest in Europe. A 3 bedroom flat of 100m2 in downtown Athens pays annual tax of 500-700 Euros.

• All properties in Greece are Freehold (for ever). The property transfer procedure is very formal, with notary officials that represent the state. Before the transfer the lawyers are obliged to thoroughly check all documents and deeds to make sure that the property is clean with no debts or under any dispute.

• Because it produces good income. The annual expected return for downtown residential properties varies between 3% to 5%.

Greece is a Member of the Schengen Area

The Schengen Area consists of 26 European countries, not including Cyprus and the UK. Holders of the Greek residency permit enjoy the same travel privileges with a Greek citizen in the Schengen Area. This means they can:

• Travel directly from their country of origin to any Schengen country

• Travel freely within the Schengen zone without lengthy customs’ checks

• Reside to any other Schengen country up to a period of three months every six month period with the right of multiple entries

Why choose us

• Because we provide ALL the necessary services for the property purchase and the residency permit.

• Because we offer certified, trouble-free properties.

• Because the majority of our offered properties are new and unused.

• Because we have all the experts in house. We will never recommend to the customer to see another professional in order to complete the project.

• Because we guarantee the total cost -to the last cent- before the customer commits.

• Because we complete all the paperwork within 60 days.

• Because we offer after sales property management and rental services.

• Because we offer company incorporation services.

• Because we will always be your trusted partner in Greece.