Important factors to consider in residence planning
Step 1: Visit Greece
To start the process, the applicant must visit Greece, entering the country with a valid visa from their country of origin. During this visit, the applicant will open a local bank account and be issued with a local tax identification number. They may then assign a legal representative to conclude the rest of the process, including the signing of a purchase contract, the handling of banking and tax matters, and the submission of the application on their behalf. Only the main applicant is needed at this stage.
Step 2: Choose the preferred property
The applicant must acquire a property for a minimum amount of at least EUR 250,000 plus the applicable taxes. This real estate acquisition may be limited to a single property or include multiple properties. Aside from residential and commercial properties, applicants can also purchase land.
Step 3: Submission of the application
Once the applicant has collected all the necessary supporting documents and paid the application fee, the completed application must be submitted.
Step 4: Final verification
Once the application has been verified and approved, the applicant will be invited to Greece for biometric capturing, after which the residence permit can be issued.