The Process, What You Need To Know

Start your journey to “investment immigration” with a trip to Greece, to view the available properties and learn all the details about the Greek residency law.

During your stay, our team will explain the programme and guide you through the steps that are required in order to become a property owner and a resident in Greece. A stay of 1 to 2 working days is enough at this stage. We need one hour to explain the programme, timeframe, payment terms etc. We will spend about 3-4 hours visiting the properties.

If you are in a position to decide, we need to complete the 3 initial steps below.

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1. Sign the total cost analysis agreement

The cost analysis agreement is the guarantee we offer for the total cost of the investment. By total cost, we mean the property and all associated fees, taxes, and expenses. Our project is completed with you being a property owner and resident in Greece with your family members.

2. Sign a power of attorney agreement

The power of attorney agreement allows us to represent you in all stages of the project (Tax ID number, property transfer, residency applications etc.) so that you will need to visit Greece again only to submit the biometric data for the residency application.

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3. Pay a small commitment deposit

When you have made a choice and signed the cost analysis agreement, we will ask you to pay a small deposit of 10,000€. This deposit is your commitment to the investment, used by our company to put the process in motion.

Open a Greek bank account

After purchasing the property, we will open a bank account at a Greek bank. You won’t need this account for the property purchase itself; you will send the investment funds directly from your account abroad. The Greek account will be necessary for everyday transactions in Greece, such as collecting rent or paying taxes.

Requirements from the applicant

To visit Greece, you will need a valid visa. See here more info on the visa issuance.

The only documents we need from the investor and their family are copies of valid passports and forms that prove family relationships, such as a marriage certificate and birth certificate. These documents will be required after the completion of the property purchase.

Payment Terms

Twenty days after the decision date, we will provide you with a comprehensive report on the property’s legality, signed by our legal team. All our properties have complete legal licenses and meet city planning regulations.
Following this, we will sign a preliminary purchase agreement and request a 10% deposit of the purchase price. This payment can be made through a direct transfer from your bank abroad. Once we receive the 10% deposit, we will prepare the final transfer contract in the investor’s name. The entire transfer process typically takes about 45 days. After signing the contract, we will translate it into your language and send it to you for submission to your bank, allowing you to transfer the remaining 90% of the property’s value. You will have 15 working days from the contract signing to complete this transfer.

Timeframe

The entire project, including the residency permits, is expected to be completed about six months after you choose the property. This timeline largely depends on the workload of the relevant public services. Please keep in mind that we will be coordinating with various entities, including banks, tax authorities, social security services, and the land registry.


Learn More About The Golden Visa Program

Εverything you need to know about how to issue a visa to visit Greece.

How To Issue A Visa To Visit Greece
How To Issue A Visa To Visit Greece

Read a simple and detailed analysis of the Greek residency law.

The New Greek Residency Law 5100/2024
The New Greek Residency Law 5100/2024

Read the differences between the Eurozone, the European Union, as well as the Schengen convention and countries.

EU Vs Eurozone Vs Schengen Area
EU Vs Eurozone Vs Schengen Area