Affordable Long Term Residence Permits

According to Greek Law 5007/2022 Articles 91,92 & 93, residence in our country shall be allowed on issue of a residence permit to a third-country national who:

• owns real estate property in Greece, either personally or through a legal entity based in Greece or another EU member state, of which he owns the total of the company shares, provided the minimum value of the property is €250.000 or €500,000 for selected geographical areas
• has concluded an agreement for a long term lease in a tourist accommodation complex, pursuant to Article 8 par. 2 of Law 4002/2011 (Government Gazette 1, no 180), of equivalent values as in par.1 above.
• has concluded a time sharing agreement pursuant to the provisions of Law 1652/1986 “Time sharing agreement and related issues” (Government Gazette 1, no 167), of equivalent values as in par.1 above.

Permit’s duration is 5 years, renewable every 5 years thereafter as long as ownership of the properties is retained.

There is no limit to the number of times that the visa can be renewed.

Travel without any requirements to 27 European Schengen-area countries and reside there for up to three months every semester

• No language requirement
• No minimum personal income requirement
• Access to the free Greek educational system
• There is no obligation to reside 6 months per year in Greece
• Competitive prices for real estate assets compared to other European destinations
• Simple, fast and transparent processing. According to the new law, the residence permit will be issued two months after submitting all documents.

• Our team comprises of seasoned professionals with financial, tax & accounting, legal, real estate, civil engineering, interior decorating and entrepreneurship backgrounds. We are thus in a position to offer a one stop point to any potential investor, eliminating the need for our clients to establish multiple contact points in order to achieve their investment objectives, in cooperation with our affiliate company www.bsgoldenproperties.gr
• Non-EU citizens can complete the whole procedure through a proxy, without the obligation to previously visit Greece. The Power of Attorney for the appointment of a proxy, must be signed before a Greek Consular authority.

• According to Greek immigration Law 4251/2014 Article 17 subparagraph 1a, entry to our country shall be allowed on issue of a visa to third-country nationals who among others include:
• Board members, shareholders, managers, legal representatives and senior executives (general managers, directors) of subsidiaries or branches of foreign companies that legally pursue commercial activity in Greece, on procurement to the competent authority of a copy of the Government Gazette in which their appointment or election has been published or, otherwise, a copy of the company’s articles of association, or a copy of the decision made by their company’s competent body regarding their capacity as board members or managers or legal representatives or general managers or directors.

Provided that they have procured the required supporting documents, the above third-country nationals shall be granted a residence permit for two years, subject to renewal every three years, if the interested persons continue providing their services and reside in Greece for a minimum of six months per year.

There is no limit to the number of times that the visa can be renewed.

Third-country nationals may be accompanied by their family members who shall be granted a residence permit for family reunification, expiring simultaneously with the residence permit of the sponsors. This applies to spouses and to children up to 18 years of age.

• Travel without any requirements to 26 European Schengen-area countries and reside there for up to three months every semester
• Personal EU VAT number, which facilitates the participation in any number of business ventures throughout the EU
• No language requirement
• No minimum personal income requirement
• Access to the free Greek educational system
• Very competitive prices for real estate assets compared to other European destinations
• Simple, fast and transparent processing
• Third-country nationals who legally reside in Greece can be registered with the relevant social security organization and have the same social security benefits as Greek nationals.

• Our team comprises of seasoned professionals with financial, accounting, legal, real estate and entrepreneurship backgrounds.
• The basic idea is to take full advantage of Law 4251/2014 Article 17, by fulfilling the business and regulatory requirements in close cooperation with the applicant and decision making officials.
• We will assist you in the choice of the most favourable business scope for the activation of the foreign company’s branch or subsidiary.
• Assistance in the preparation of business plan or feasibility study if required.
• Assistance in the financial appraisal of proposed investments’ acquisition costs, with the aid of qualified professionals.
• Management or supervision of the branch or subsidiary, in order to ensure adherence to tax & social security regulations and to sound business practices, thus facilitating future visa renewals.
• Assistance throughout the foreign company’s branch or subsidiary establishment process.
• Assistance throughout the visa application process.
• Wherever personal presence is not required, the company will undertake the completion of formalities with the competent Greek authorities on behalf of the foreign company or the SPRP applicant, by itself or via a lawyer where required.

• According to Law 4251/2014 Article 20 a third-country national who has been granted an entry visa for one of the reasons referred to in this Article shall be granted a residence permit accordingly.
• By decision of the secretary general of the decentralized administration, residence permits shall be granted to third-country nationals who have sufficient resources in terms of stable annual income to meet their subsistence needs. These permits shall have a duration of two years and may be renewed every two years. These residence permits shall not grant access to the labor market or to independent economic activity in Greece.

The amount of the sufficient resources is laid down by the Joint Ministerial Decision 41712/2014 and amounts to Euro 2,000 per month. The following constitute proof of sufficient resources:

• A state pension from abroad
• A bank account balance of at least Euro 24,000 deposited in a Greek bank &
• Evidence that they possess on their own, sufficient financial means of legal origin to cover their subsistence expenses.

Third-country nationals may be accompanied by their family members (spouse and children under 18 years of age) to whom an individual residence permit shall be issued following a relevant application, which shall expire together with the residence permit of the sponsor. The requirement of sufficient resources for subsistence shall be met either by each member of the family or for all family members as a whole. The amount of Euro 2,000 per month is increased by 20% for the spouse and by 15% for each child.

• Travel without any requirements to 26 European Schengen-area countries and reside there for up to three months every semester
• No language requirement
• Access to the free Greek educational system
• Very competitive prices for real estate assets compared to other European destinations
• Simple, fast and transparent processing

• Our team comprises of seasoned professionals with financial, accounting, legal, real estate and entrepreneurship backgrounds.
• The basic idea is to take full advantage of Law 4251/2014 Article 20, by fulfilling the regulatory requirements in close cooperation with the applicant and decision making officials.
• Assistance throughout the visa application process.