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FAQs

I am a third-country citizen and have in my possession, or wish to acquire, real estate in Greece, as a natural person. Am I also able to issue a residence permit? Yes, you are; as long as the value of the property (as described on the purchase contract) is at least EUR 250 000, then you have the option of obtaining a five-year residence permit. This permit may be renewed for an additional five (5) years each time, provided that the third-country national remains the owner of the property.   What is the relevant legislation providing for the possibility of obtaining a residence permit as a property owner? The relevant provisions on the possibility of being granted a ‘permanent residence permit of an investor’ (Property Owner) are set out in the following articles: Article 20, point B, of Law 4251/2014 (Government Gazette A’ 80), Article 8 (par. 26-30) and Article 14 par. 1, Law 4332/2015 (Government Gazette A’ 76)     How is the purchase price of the property paid? Paragraph 2(b) of Article 20B of Law 4251/2014 (Government Gazette A’ 80), as amended by Article 14(1) of Law 4332/2015 (Government Gazette  A’ 76) provides that ‘The purchase price shall be paid by means of a crossed check or by bank transfer to the account of the beneficiary,  whom is a beneficiary of a bank account at a Greek banking institution or with a credit institution supervised by the Bank of Greece, the details of which shall be declared by the parties to the Notary drafting the contract and shall be indicated thereon. The total amount of the property price should have been properly paid, i.e. in accordance with the above provisions, otherwise the third-country citizen, investor, cannot be subject to the provisions of Article 20B of Law 4251/2014, as applicable.   Which procedure should I follow? The procedure to be followed, whether you have already purchased the property or intend to purchase it, is as follows:  (a) You must first contact the Greek consular offices of your residence and apply for a entry visa (Type D or C where applicable). The general supporting documents required for the issue of a type C visa or type D visa shall be indicated on the website of the Ministry of Foreign Affairs at the following link: http://www.mfa.gr/theoriseis-eisodou-visas/.More specified supporting documents required for the issue of a national entry visa in the event that the purchase process of the property has not yet been initiated or has not yet been completed are described in the Common Ministerial Decree 68019/2015 (Government Gazette B’ 2272), in category C 3.2. concerning property owners. To view the relevant Decree, click here.  Should you be a third-country national from a country where the Greek authorities do not require the possession of an entry visa (for entry into Greece) in accordance with the provisions of Council Regulation (EC) No 539/2001 (type C visa), you have the possibility to enter the country by receiving the relevant stamp on your passport (‘entry stamp’) from the Greek border authorities.  (b) If you are provided with the entry visa or the relevant stamp on the passport (due to being exempt from a type C visa) you may enter Greece and apply for a residence permit immediately, if the procedures for the purchase of the property have been completed, or take the necessary steps to complete the purchase (investment). In any event, the procedures should be completed before the expiry of the entry visa or the period of validity of the stay in accordance with the Schengen rules, as the application for authorization must be made within the period during which you are legally present on Greek territory (before the expiry of the entry visa). For cases of nationals from third countries whose citizens, whether they have a visa requirement or are exempt from the obligation to hold it, see here.   What are the supporting documents necessary for the initial granting of a residence permit as a property owner? All required documentation can be found in the Common Ministerial Decree 68019/2015 (Government Gazette B’ 2272), in category C 3.2. concerning property owners. This Decision can be found at the following link: http://www.ypes.gr/UserFiles/f0ff9297-f516-40ff-a70e-eca84e2ec9b9/FEK2272-211015.pdf The initial supporting documents in order to be granted residency as a property owner are as follows:  Four (4) recent colour photos in physical form, the technical specifications of which are the same as those of passports as applicable, in addition to digital copies provided on an optical storage disk (CD) in JPEG 2000 graphics format,  A Certified copy of a valid passport (all pages),  A government issued administrative bond fee [e-paravolo] for the amount of five hundred euro (EUR 500) (code 4741),  A government issued administrative bond fee [e-paravolo] for the amount of EUR sixteen (16) for the cost of printing the document (code 4762),  An insurance contract, issued by an underwriter and which was either concluded in its country of origin with insurance cover in Greece, or is concluded in Greece with insurance cover as defined in the Common Ministerial Decree No. 53821/2014,  The purchase contract stating that ‘the contract for the sale of the property is not concluded under any conditions or contingent details, the total price of which amounts to …. and has been paid in its entirety by means of a crossed check or by bank transfer to the account of the beneficiary, whom is a beneficiary of a bank account at a Greek banking institution or with a credit institution supervised by the Bank of Greece.’ Lastly, evidence of the registration of the contract by the competent Land Registry or Notary attestation (if less than EUR 250 000 was paid at the time of purchase of the property but the present objective value of the property exceeds or is equal to that amount), upon which it must be stated, ‘From the inspection of No. ... property purchase contract, it is evident that the price of the property was paid in full and the contract is not concluded under any conditions or contingent details and time-limited and the objective value of the property as it stands is …….. This case relates to sales that took place before the adoption of the provisions of Law 4251/2014. With regards to the renewal of the residence permit, it should be proven that the property remains in the ownership and legal possession of the person concerned (‘ownership and possession’).   At which public authority must I apply for a “Permanent residence permit of an investor” (property owner)? The application shall be submitted to the one-stop service of the competent Directorate of the Decentralized Administration of the place of residence of the applicant. Applications for an initial residence permit, submission of additional supporting documents and the receipt of the residence permit or declined application or other documents from the file concerned may be submitted either in person by the third-country national or through a proxy.   Can the entire permit procedure (application & receipt of residence permit) be completed by a proxy lawyer? The applicant, third-country investor, may file the application through a proxy lawyer on the strict condition that the applicant has, within a reasonable time before the application for the residence permit, entered the Greek territory at least once. In addition, the applicant must, in any event, visit the Immigration Office, either at the time of the application or a later date (after a pre-booked appointment) for the submission of his biometric data with the Office, as such us required for the issue of the residence permit in the form of the stand-alone document (biometric photo, fingerprints, signature sample and copy of passport - the page including all personal details). For more information on the application and issuing procedures for the stand-alone document, you can find more information in Circular 7/2017 of the Directorate for Migration Policy of the Ministry of Migration by tapping here   Can I apply for a residence permit if I have purchased land and wish to build on that land or already own a building on the land? What documentation is needed? Yes, you may; the provisions of Article 20B of Law 4251/2014 allow so if the sum of the value of the purchase contract and the building contract is at least two hundred and fifty thousand (250 000) euro. In that case, the person concerned must provide the following documentation:  The purchase contract for the land, which indicates that ‘the contract for the sale of the land is not concluded under any conditions or contingent details, the total price of which amounts to ….’,  Registration proof from the competent Land Registry A building permit in the name of the interested party Invoices of the contractor concerned and the corresponding payment receipts  A construction agreement filed with the tax office  Four (4) recent colour photos in physical form, the technical specifications of which are the same as those of passports as applicable, in addition to digital copies provided on an optical storage disk (CD) in JPEG 2000 graphics format,  A Certified copy of a valid passport (all pages),  A government issued administrative bond fee [e-paravolo] for the amount of five hundred euro (EUR 500) (code 4741),  A government issued administrative bond fee [e-paravolo] for the amount of EUR sixteen (16) for the cost of printing the document (code 4762),  An insurance contract, issued by an underwriter and which was either concluded in its country of origin with insurance cover in Greece, or is concluded in Greece with insurance cover as defined in the Common Ministerial Decree No. 53821/2014 What about cases of a legal entities wishing to purchase real estate in Greece? Paragraph 1(c) of Article 20B of Law 4251/2014 (Government Gazette 80A) provides for the possibility of granting a residence permit as owner of a property to a third-country national who has full ownership and possession of real estate in Greece, purchased through a legal entity the shares of which are wholly owned by the person applying for residency.     Can I lease hotel accommodation in Greece and receive a residence permit as the owner of a property? What documentation is needed? Yes, you may. Paragraph 1(d) of Article 20B of Law 4251/2014 states that a third-country national shall be entitled to fire for a residence permit if he has entered into a timeshare contract in accordance with the provisions of Law 1652/1986 ‘Timeshare Agreements and Related Matters’ (A 167), as applicable. As regards the supporting documents, in addition to the general supporting documents referred to above, the following documents are also necessary:  A copy of a notarial deed for the lease of hotel accommodation or tourist furnished accommodation in tourist accommodation properties, showing the lump sum of EUR 250 000 paid and indicating that a relevant operating mark by the National Tourist Agency (EOT) shall be granted;  Proof of registration of the timeshare contract with a duration of at least ten years, indicating the price payable per year, at the relevant Land Registry A land registry certificate from the relevant department and an EOT certificate that the Agency has been aware of the drawing up of that timeshare,  Four (4) recent colour photos in physical form, the technical specifications of which are the same as those of passports as applicable, in addition to digital copies provided on an optical storage disk (CD) in JPEG 2000 graphics format,  A Certified copy of a valid passport (all pages),  A government issued administrative bond fee [e-paravolo] for the amount of five hundred euro (EUR 500) (code 4741),  A government issued administrative bond fee [e-paravolo] for the amount of EUR sixteen (16) for the cost of printing the document (code 4762),  An insurance contract, issued by an underwriter and which was either concluded in its country of origin with insurance cover in Greece, or is concluded in Greece with insurance cover as defined in the Common Ministerial Decree No. 53821/2014 All required supporting documents can be found in the Common Ministerial Decree 68019/2015 (Government Gazette B’ 2272), in category C 3.2. concerning property owners. You can find this Decree by tapping here   Can I bring my family members with me? What documentation is needed? The beneficiary, third-country national, may also be accompanied by the members of his family to whom, at their request, an individual residence permit expiring at the same time as the owner’s residence permit is issued. For the purposes of the law, family members are deemed as: (a) the spouse, (b) the direct descendants in a descending line of the spouse who are under 21 years of age, (c) the direct descendants in an ascending line of the spouse.  For children over the age of 21 and up to the age of 24 years, a residence permit issued by members of the family shall be granted on the basis of the provisions of Article 76 of Law 4251/2014.  The relevant supporting documents of family members shall be as follows:  Four (4) recent colour photos in physical form, the technical specifications of which are the same as those of passports as applicable, in addition to digital copies provided on an optical storage disk (CD) in JPEG 2000 graphics format,  A Certified copy of a valid passport (all pages),  A government issued administrative bond fee [e-paravolo] for the amount of five hundred euro (EUR 500) (code 4741) for the spouse, and for the amount of four hundred and fifty euro (EUR 450) for an adult child,  A government issued administrative bond fee [e-paravolo] for the amount of EUR sixteen (16) for the cost of printing the document (code 4762),  An insurance contract, issued by an underwriter and which was either concluded in its country of origin with insurance cover in Greece, or is concluded in Greece with insurance cover as defined in the Common Ministerial Decree No. 53821/2014.  In the case of entry into the country with a type C visa, a certified copy of a family status certificate is required in order to establish the family relationship. Where they have received a national entry visa from the competent consular authority, a declaration of compliance with their family status shall be required.   Am I entitled to apply for a residence permit as a property owner, in the case that I own more than one property? Yes, it is sufficient that the total of real estate owned, based on the market value indicated in the purchase contract, amounts to a minimum of EUR 250 000 and that the price, in all cases, has been properly paid.   Do I have the right to work provided I receive a residence permit of a property owner? The residence permit does not permit any form of employment in Greece. The concept of employment, however, does not include economic activity as a shareholder, a member of the board, or the Executive Director of companies established prior to the submission of the application for the residence permit. The above exception for the exercise of an economic activity also applies to third-country nationals holding the status of partner and the manager of any form of capital company (SA, LTD, PC).   Can I travel to the Schengen area by means of a visa or residence permit? In view of the principle of equivalence between residence permits and long-stay visas, as regards the free movement of the holder in Single Schengen area, any third-country national holding a long-stay visa issued by a Member State with a period of validity of up to one year may travel to other Member States for three months per six months, under the same conditions as the holder of a residence permit, whilst also having the right to multiple entries.  

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Symbolaia.gr (hereinafter the "Team"), is an interdisciplinary team of lawyers and real estate experts.

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Symbolaia.gr

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Ioannis Panagiotis Christodoulou

Skoufa 71Α Τ.Κ. 10680, Athens

Tel. 210 3610344

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Legal Advice - Mandate Agreement.

Our law firm provides services and legal advice as defined in the Bar Code.

Legal advice is given upon signing or acceptance of the relevant legal order contract which is also sent as a copy to the principal. The trustee performs all the procedural acts within the framework of the mandate. The principal has the right to request and receive the payment of the amount of legal advice he did online and free of charge until the completion and sending of the data form for the start of the data processing process by the principal and in any case not beyond the 14th day from his payment calendar (full days) if he has not sent a completed form with the processing data by that time. Otherwise, the order contract is executed or the amount is forfeited as a criminal clause and unproven compensation in favor of the principal in any other case. The order contract is revoked under the conditions mentioned in it, while as for the payment of the amount that has already been made, the immediately preceding ones apply. No withdrawal of order or refund of payment amount explicitly agreed by the parties that it will not take place when the completed form has been sent or when the 14th day has passed from the payment of the amount without the relevant form being sent but the amount has been paid.

The online phone session service

To use the online phone service, you agree to the terms of use and data protection policy.

STEP 1 We call you on a Greek landline or mobile phone which you must have correctly stated on the form.

STEP 2 We make as 3 attempts to call you on the phone you have stated. If we do not find you, we will answer your question via email and try to reschedule a telephone appointment.

STEP 3 We answer your questions, giving you legal advice.

The phone call costs 80.00 euros, plus VAT and can last up to an hour.

For further services, we can offer you and negotiate our fees.

Telephone sessions take place in the afternoon from 12:00 to 19:00 from Monday to Friday

Language of communication: Greek / English

Calls are prohibited from being recorded

Online Services - Credit Card Details

Our office provides electronic services for a fee, and the possibility of using a credit card. Our office has chosen the safest ways to pay for a service that is available for a fee. Specifically, it enables the user to transfer the amount of the charge directly to a bank account of the office or to use his debit or credit card through the special trading platform.

In both cases the user is obliged in order to complete the transaction to enter either in a payment environment with inaccessible security systems of the bank of his choice or in the inaccessible security system. In both cases the transaction and the charge IS NOT MADE IN THE ENVIRONMENT neither of our website, nor of our office nor of the SERVER in which the website is hosted but from an exclusive environment of the banks

Consumer rights - Withdrawal from the order contract - Authenticity of copies you provide us. Online Store Policy

Upon entering the details and paying for the relevant service by you, a private order contract agreement will be sent to you in the e-mail you stated or on our website under the service. With this order you assign to our office the order to process the specific service that you purchased online. If you do not reply electronically or by telephone or do not accept this order within 14 days then you are tacitly accepted. The same happens if during the same period you use these services by filing from our office or from a third party lawyer of your choice of the relevant petition or send us the relevant documents that we requested for the completion of our work. In case you do not agree with the specific order contract within the same period of time then you cancel the order or non-order, in which case the amount you paid will be returned in full within the same deadline. If this period has elapsed and you still do not wish to continue the order then you will be refunded the amount you paid less the management costs of the purchase and any costs we have incurred on your behalf. If a promissory note has been issued or a fee has been issued in favor of the public, or a court stamp or inventory fee or any fee or tax or fee, this amount is deducted from the refund of your deposit in any case, because these fees are not canceled and their use is for specific purposes only. In case a document is issued in case of refund of the amount, a credit invoice will be issued, and in case of withholding of expenses a document will be issued only in the amount of the refund. Finally, the order will not be executed until you have provided us with all the documents we need to prepare the service you have chosen. By sending the relevant documents to our office, you unreservedly accept and confess about the authenticity of the documents you handle us and that these are exact copies of the originals that you have at your disposal. Our office has absolutely no ability to check the authenticity and disclaims any responsibility for your unknowingly using any forged and manipulated documents by you.

Applicable law and other terms

The above terms and conditions of use of Symbolaia.gr, as well as any modification thereof, are governed and supplemented by Greek law, the law of the European Union and the relevant international treaties. The Courts of the city of Athens become competent for any dispute that may arise from the interpretation or application of this.

PERSONAL DATA PROTECTION INFORMATION

(according to Regulation 2016/679, hereinafter: GDPR)

PROCESSING MANAGER

LAW OFFICE Ioannis P. Christodoulou

ADRESS: 71Α Skoufa Street,10680 Athens

E-mail: info@symbolaia.gr, Tel.0030 210-3618697, Fax:0030 210 - 3632865

 

COLLECTION AND PROCESSING OF PERSONAL DATA - PURPOSE OF THE PROCESSING:

By entrusting your case to us, we collect the following information:

• Name

•Address

• E-mail address

• Telephone number (landline and mobile)

•VAT NUMBER

• Information on the basis of your claim and / or on the defense of your case

The above information constitutes personal data, according to Regulation 2016/679 (Article 4 No. 1), which stipulates that personal data is any information concerning an identified or identifiable natural person ("data subject").

The collection of this information is necessary in order to verify the identity of our principal, to contact you, to issue the relevant documents, to represent you before the Courts, and, possibly, in order to claim our remuneration.

The processing of your personal data is done for the execution of the order and the conduct of the case that you have assigned to us, and is based on the provision of article 6 par. 1 lit. β΄ GDPR, as it is necessary for the fulfillment of the obligations deriving from the mandate contract

The retention period of your personal data is five (5) years after the end of the order, according to article 37 lit. i of the Code of Conduct for the Legal Profession, but may be extended in accordance with tax legislation or until the limitation of any claims.

TRANSMISSION OF PERSONAL DATA TO THIRD PARTIES

We do not transfer your personal data to third parties, unless it is necessary for the execution of the order. Specifically, your personal information is disclosed to the other party or parties and to his / her attorney, as well as to courts and other public authorities, in order to defend your case. Third parties to whom your personal data is transmitted in this way are not entitled to use it for other purposes.

Along with the protection of your personal data, the legal secrecy also applies, which we observe, not only during, but also after the end of the case or the revocation of the order by our client.

RIGHTS OF THE DATA SUBJECT

You have the following rights, according to the GDPR:

• Right of access to data: You have the right to request a right of access to your personal data, in accordance with Article 15 GIP. With the access request you can find out about the purposes of the processing, the relevant categories of personal data, the recipients to whom the data were communicated or will be communicated, the period for which they will be stored, the existence of a right to correct or delete data or restriction of their processing or right to object to processing, information on the origin of data and the existence of automated decision-making, including profiling and information on the logic followed.

• Right of correction: You have the right to request the correction of inaccurate data as well as the completion of incomplete data concerning you, in accordance with Article 16 GDPR.

• Right to restrict processing: You have the right to request a restriction on the processing of your personal data, subject to the provisions of Article 18 of the GDPR.

• Right to object to the processing: You have the right to object to the processing of your data at any time and for reasons related to your particular situation, to the processing of personal data concerning you, when it is based on Article 6 (1) (e). GDPR.

• Right to be forgotten: When you no longer wish to have your personal data processed and retained, you have the right to request its deletion, provided that the data is not kept for a specific legal and declared purpose, in accordance with Article 17 GDPR.

• Right to data portability: You have the right to receive or request the transfer of your data, in machine readable form, from us to another controller, if you so wish, in accordance with Article 20 GIP.

To exercise your above rights, you can contact us, in writing, by sending a postal letter to the address: info@symbolaia.gr

You also have the right to complain to the Personal Data Protection Authority, in writing (Kifissias 1-3, PC 115 23, Athens) or electronically (www.dpa.gr).

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