GOLDEN VISA , PROCEDURES, ISSUE AND ACQUISITION.
Do not hesitate to contact with our company
General information regarding the Golden Visa acquisition.
We provide you with the service of real estate, to find estate, according to your demands and needs.
The minimum amount needed is 250.000 Euro, and it can be invested in any type of property.
There can be more than one property, but the total amount of all units should be a minimum 250.000 Euro. Moreover, this amount can be invested in a longer period of time and not right away. As such, once the full amount is invested, you can then apply for the Golden Visa.
The golden visa (residency) is renewed every 5 years since the property (ies) haven’t been sold, and after 7 years you may apply for Greek citizenship.
Since the price of the properties is over 250.000 euro, the investor – buyer is entitled to apply for a Golden Visa.
PLEASE NOTE THAT THE GREEK GOVERNMENT DOUBLES THE PRICE FOR THE GOLDEN VISA RESIDENCY INTO 500.000 EUR FOR MORE AREAS IN BROADER ATHENS AREA AND THE ISLANDS OF MYKONOS AND SANTORINI AFTER 31/07/2023. SO, AFTER THAT DATE THE MINIMUN INVESTMENT SHOULD BE NO MINIMUM THAT 500.000 EUR TO THE ABOVE MENTIONED AREAS. ONCE THOUGH THE APPLICANT PAYS AT LEAST TEN PER CENT DEPOSIT TO THE SELLER (25000 EUR) UNTIL THAT DATE, THEN THE INVESTMENT FOR THE GOLDEN VISA CAN BE FINISHED UNTIL THE END OF THE YEAR 2023 STILL WITH THE PRICE OF 250000 EUR.
Here are all the details regarding the Golden Visa procedure and costs:
Land registration certificates issued within -normally- one or two months.
RESIDENCE PERMIT PROCEDURE – RECORD OF BIOMETRICS (FINGERPRINT)
It can be arranged at any time after signing the final contract/s.
Our Law firm’s appointment with the Authorities could also be an appointment for the record of biometrics on the same day.
Otherwise it has to be arranged within one year
*GREEK BANK ACCOUNT (double line notation-cheque)
The necessary documents, which investor shall bring for commencing and completing the procedure for opening a bank account are the following:
– passport copy
– personal income declaration or certificate (has to be translated in english) stating the job position, the monthly or annual salary and the address, the postal code and the telephone number of the company. Also stamped by the company
– proof of home address (will be translated into english). it can be a statement or a bill on the client’s name. Postal code also needed.
-document stating the client’s telephone number in China. Telephone bill etc
-Bank deposits on other banks in China or abroad if possible (English translation needed).
-houko translated in english
-paper stating the tax number in China and if possible the tax payments in China (translated in english)
-identity card of client translated
– Certificate of the Greek tax number, by the Greek Tax Authorities of the Residents Abroad (prepared in Greece with the assistance of our law firm)
– Certificate from a Greek mobile company, that the client has a Greek mobile number.(prepared in Greece with the assistance of our law firm)
PLEASE NOTE that all these documents are needed for US citizens as well (the relevant american to the above mentioned documents) plus one more document, a copy of the social security numbet in the US.
BANKING TRANSFER/S (total amount)
In accordance with the Golden Visa law regulations the total amount (100%) of the purchase contract shall be transferred with one (or few) transfers at the same period of time from investor’s foreign bank account directly to the seller’s bank account in
the Greek bank. It is to be highlighted that the statement of each transfer should be sent to our firm in order to be attached during the final contract by the Greek Notary.
We strongly advise though -as already said- to open a bank account for you in Greece, so that we can pay the price of the property to the seller via a two striped bank cheque on the day of the contract and not in advance.
Given that China has imposed capital controls each buyer must hold an active bank account abroad (Singapore, Hong Kong, Dubai etc) from which he/she has to transfer the whole amount (255.000, 260.000) of the contract to the seller’s bank account as well as the money for the fees and other expenses. As mentioned we strongly advise you to open a bank account in Greece with our help. Since you have a Greek bank account: 1. you can transfer the money from your account abroad to your Greek Bank account and use them to pay the seller, 2. pay easily the transfer tax, fees etc. 3. Collect every month the rent from the apartments (the render will deposit monthly the rent to your bank account in euro), 4. Pay easily the yearly Greek property tax.
In case you do not understand anything on the procedure or on the documents , needed feel free to raise any question. We are happy to help you and we are always at your disposal.
Please note that we are experts on Immigration and Real Property Law and so far we have a great experience regarding acquisition Golden Visas.
Last but not least do not hesitate to contact with our company