Permanent residence permit for foreign investors – owners of immovable property

Permanent residence permit for foreign investors – owners of immovable property

The specialization of lawyers of the law firm Katerina Marini & Associates in the field of immigration law and in particular the program for the granting of residence permits to foreign real estate investors is evidenced by the issuance of more than 200 residence permits for property owners since the implementation of the relevant legislative framework. Since its implementation in 2013, the permanent residence program for foreign investors – owners of immovable property offers the possibility of obtaining a permanent residence permit in Europe by investing in real estate with the lowest commercial value compared to the corresponding programs of other countries. With an investment of just 250,000 € in real estate, the greek program is the most attractive and affordable throughout Europe. Investors holding this permanent residence permit acquire the right to live in an idyllic country with a high level of security and standard of living. Although Greece has been challenged by the widespread and most severe economic crisis of the last decades of its history, it has managed to keep real estate purchases alive. With a fast and simple procedure before the competent authorities, experienced lawyers of our company make sure that real estate investors and their families will quickly issue the permanent residence permit, which gives them the right to move freely in all countries of the Schengen area.

Summary of benefits of the program:

  • Permanent residency in Greece, a safe country without political turmoil and with a high standard of living. Greece is already recovering from the financial crisis, which has affected the EU in general
  • The permanent residency provides access to the greek educational system, which is exceptional. Both public and private schools offer first class studies, which lead to both greek and foreign universities. State universities, such as the School of Law of the National and Kapodistrian University of Athens as well as the Technical National University of Athens (NTUA), have achieved international distinction in various academic fields and are included in the list of the best 500 universities worldwide as stated in the latest world academic assessment (ARWU). Further, there are international schools teaching in english as well as many private colleges that collaborate with foreign universities and offer top quality studies as well.
  • Investors who obtain permanent residency in Greece have the same rights and access to welfare programs as Greek citizens.
  • The Greek Permanent residency program offers free entrance to the rest of the Schengen countries (Austria, Belgium, CzechRepublic, Denmark, Estonia, Finland, France, Germany, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, Liechtenstein)
  • The application process is particularly fast, as it is completed in one step. The permanent residency is granted in approximately one month after the purchase of the property.
  • The application process is notably simple: no body check, no proof of the source of the investment funds, no requirement of minimum days of stay.
  • The cost of the investment is 250,000 euro, the lowest in the European Union
  • Not only the main applicant but also his/her family members (spouse, children under 21 years old, parents and parents-in-law of the main applicant) obtain permanent residency in Greece. Children older than 21 years can renew the PR (permanent residence) until the age of 24 and get access to the greek work market.