Some countries like Greece provide foreign nationals an opportunity to obtain a residence permit by means of acquiring real estate. According to the draft issued by the Greek Ministries of Finance and Development, a foreign national is granted a permit to reside in Greece for 5 years, if they have purchased real estate in Greece in the amount of at least Euro 250 thousand. There are of course some restrictions and conditions as set forth under this law.
The commercial value in Euro of the real estate, which is to be acquired or rented in Greece, should be at least USD 250,000. A citizen of third countries, who have obtained a long term visa (national visa) may apply for a residence permit in Greece.
A citizen of third countries, who is able to prove their intention to make investments in real estate in Greece or who has owned real estate therein or who has entered into a lease agreement in Greece for a hotel or furnished house for tourism purposes for a period of at least ten years, may be provided by the respective Greek Consulates a long term national vise for Greece.
IN EXCHANGE FOR A REAL ESTATE OUT OF 12,000 PROJECTS AVAILABLE (FOR AN AMOUNT OF EURO 250,000):
– Residence permit for 5 years and then an extension of 5 years.
– Establishment of a new company
– All taxes
– All notary public fees
– All translation costs
– All business plans and file preparation
– All consultancy service fees
– All intermediacy fees