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Transcript of gvre brochure greecedfsm9194vna0o.cloudfront.net/612575-0-gvrebrochuregreece5.pdf · rent at...
G R E E C E
AN INTRODUCTION TO GREECE
The Law 4146 of 2013 offers residence permits to foreign nationals and their family members if they purchase property in Greece of value in excess of �250,000 unencumbered. The investors can legally own a property, either personally or through a legal entity whereby they are also a majority share holder. As an alternative to purchasing property, investors can rent at minimum a ten year letting contract or a 10-year hold on hotel investment schemes. The residence permit may be renewed for the same duration assuming the properties legal
Often considered as the birthplace of western civilisation Greece is strategically located to be the cross roads of Europe, Asia and Africa. With over 300 days of sunshine per its temperate climate welcomes the global tourists and now ofcially has the highest tourism growth rate... globally!
The Country
GREEK RESIDENCY LAWownership remains unchanged. As described above the contracts of ownership must remain in effect, and other statutory conditions apply. The aforementioned foreign national may be accompanied by the members of their family. Family members may be granted a personal residence permit that is renewed and/or expires concurrently with the residence permit of the sponsor (property owner). The residence permits do not allow a right to employment of any type.
The general secretary for population and social cohesion at the ministr y, Angelos Syrigos released a statement. The changes below have been submitted to parliament and come into effect before the end of the year.
Citizenship- The residency right can now becomes permanent and will now lead to the possibility of citizenship. Greek citizens hold irrevocable EU passports. Parent applicable - The investor may now also bring along their parents. under 1 investment it also includes their spouses parents. Children over 21. - If a child is over 21 years old, the older child may apply as a main investor and grant residency for their parents Flexibility / Property Sale - If for any reason your goals change, The investor will be able to sell their property before the expiration of 5 years to another foreign citizen, and transfer the residency permit together with the property.
LAW AMENDMENTS
Birthplace of western civilisation.
Low Financial Entry Level
Real Estate applicable investment program
EU residency Permit
Schengen Zone Visa
No Requirement to Reside
Option to apply for Citizenship
INVESTMENT HIGHLIGHTS
At Golden Visa Real Estate we feel very strongly about offering
exceptional levels of service to each and every client. Through
a complete line of real estate investment and professional
services, we ensure that all of our customers' needs are met in
an efcient and personal manner.
Golden Visa Real Estate was founded on the belief that
investors often seek more than just capital appreciation, they
want to experience the country short term or potentially
relocate and properly enjoy their new acquisition.
Our goal is to guarantee the best property acquisition
experience, providing services that go beyond the call of just
buying and selling real estate.
Our expertise shows in the delivery of immigration
investments to citizens of countries outside the European
Union who plan on taking advantage of a law offering Greek
Residency from �250,000.
OUR SERVICES
The backbone of our company are its professionals
and alliances: Immigration advisors, architects,
developers, lawyers, accountants, mortgage brokers
and travel agents all with valuable experience to
manage each and every independent requirement
our clients have.
Our mission however does not end here. Through a package of short term and long term post sale services, we cover every need that could arise regarding the immigration investment and property ownership to cleaning and maintenance if necessary.
1 Understanding the program
2 Property Search
3 Legal Advice
4 Residency Application
5 Property Management & After sales service
FAQ'S
Only spouses can share the investment and jointly own the property with a total value of 250.000 Euros. In all other cases of shared ownership, the right of residence is granted only if the amount invested by each co-owner is at least 250.000 Euros.
Yes. You are entitled to residency rights irrespective of whether you own one or more properties, commercial or residential. The amount must in total be above �250,000.Land alone however is not an applicable investment vehicle for residency.
The law include the investor's immediate family. This means the investors Spouse and children up to the age of 21 years old are included, assuming they are not married.
Under a recent law change the investor can now also achieve residency rights & a Schengen visa for his parents and his spouse's parents under 1 investment. Un-married partners are not entitled to a residence permit.
Can I share the investment with another party?
Can I obtain more than one piece of property?
Which family members may accompany
the main investor?
How long is the residency permit valid
and what happens next?
The residency permit is valid for a period of ve (5) years. It can be renewed repeatedly if the initial conditions are maintained. That is, if you still own the property or the lease/time-sharing contracts are still active.
You may travel with your passport, residency permit and visa to all countries that are part of the Schengen Agreement.
Austria, Belgium, France, Germany, Denmark, Estonia, Spain, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Hungary, Poland, Portugal, Slovakia, Slovenia, Sweden, Czech Republic and Finland.
You may also travel to these Non-EU countries that belong to the Schengen Area: Iceland, Norway, Switzerland and Liechtenstein.
Can I use the residency permit in order
to travel to other European Union countries?
The law has been recently updated to include the possibility of citizenship. There are extenuating conditions so please speak to an advisor for more details on long term goals.
No, you cannot nance the property and apply for residency at the same time.
However as we have built a strong relationship with the construction company we can provide non-status nance up to 60% of the property value over a maximum term of 2 years. This allows investors to spread the cost and apply for residency upon completion of the re-payments.
In principal you can sell your property at any stage you like. However, if you wish to retain your residency and visa rights we recommend holding your investment for the 5 year period until your temporary permit is converted to a permanent status. At this stage the sale of your property will not affect your rights.
Does the residence permit give me
the right to apply for citizenship?
Can I nance the property?
When can I sell the property?
The property purchase procedure from the point of reservation takes 2 months. The residency application & acceptance process then takes a further 30 days. In total reserve a 90 period.
How long does the process take?
QUALIFYING OPPORTUNITIES
Whether you intend on re-locating your entire family abroad or simply want to take advantage of the visa benets and have your property fully managed we can assist.
We work in close connection with Greece's largest property developer. As a result our selection of brand new build and re-furbished apartments has the greatest diversity not just in price and specication but also location. From Athens to the Islands we have something to suit all. Request a tailored search by a dedicated advisor today!
Rimondi Grand is a 4 Star development of suites and villas located in a peaceful, idyllic setting where guests can experience the real Crete. The Resort is located on the slopes of an olive grove, overlooking the mountains and Cretan Sea close to the historic town of Rethymno.
The project has been planned with long-term sustainability in mind, commercially positioned to attract both the traditional “sun & sea” visitors and to take advantage of the projected increase in alternative and eco-tourism.
As a fully managed property investment you won't have the hassle of advertising, sourcing tenants, cleaning or maintaining the property. You can just relax, collect an income and use your Greek residency to the fullest.
Private property
(Relationship direct with developer)
Fully Managed commercial
UK Ofce
22 Barn Rise,
Wembley,
Middlesex,
United Kingdom,
HA9 9NQ
+44 (0) 203 598 0986
Dubai Ofce
Sidra Tower, Fraiser Suites Sheik
Zayed Road
Dubai,
United Arab Emirates
PO Box 13334
(Professional Service Fees Apply)