Residence permit through investments in Greece.

In the last year or two, interest in residence permit in Greece has grown sharply, as the country's immigration authorities have offered very affordable and transparent conditions for applicants. So who has the right to apply for a residence permit through investment in Greece?

The right to obtain a residence permit through investments in Greece are citizens of third countries that meet the following requirements:

• they own in person or through a legal entity real estate or a land plot in the amount of at least EUR 250,000 (excluding VAT),
• they signed a contract for the use of hotel apartments or furnished apartments as part of a tourist complex for a period of at least 10 years, subject to a fixed rental price of at least EUR 250,000,
• they invested in person or through a legal entity at least EUR 250,000 in a Greek investment project that has a positive effect on national development and the country's economy.

A residence permit in Greece as a result of acquiring real estate or investments does not imply requirements for a minimum period of residence in the country to obtain or extend a residence permit. A residence permit is issued for a period of 5 years and is renewed for the same period, provided that the investment is maintained. The process of obtaining a residence permit is legally limited to 2 months. The residence permit is granted to the main applicant and his immediate family.

If you believe the official statistics, the most popular option is the acquisition of real estate (more than 50%).