GREEK VISA FOR BUYERS OF PROPERTIES MORE THAN 250.000 €
The
interest of Russians, Chinese, Americans and Arab countries for the real estate
market relative with permanent or holiday residences and tourism investments in
Greece is high, especially during the last years. In this direction it is
welcome the decision of the Ministry to enable foreigners from third countries
who make a purchase or a ten-year property rental amounting to 250.000 euros or
more to take five-year residence permit, renewable for themselves and their
family members .
Last
year the Central Licensing Authority started operating in order to accelerate
the implementation of major investment, while in advance is the process for
privatization and Public- Private Partnerships, too.
The
aim of the measure is to attract more people to invest in our country for long
time, but it does not mean that they are given permission to live and work in
Greece, nor are these years calculated in obtaining citizenship.
The
reply for the for visa comes in 15 days, but because the visas are “Schengen”
type the process is now revised so that the relevant Land Registry document
will be filed at the same time, in order to provide the foreigners with a
90-days temporary visa until the procedure is done.