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GRANT OF VISA (Type D)

GRANT OF VISA (Type D)

          For the issuance of the 5 year residence permit due to purchase/lease of real estate in Greece, valued over 250.000 euro, it is required as a prerequisite that the person concerned has been granted a visa for entering the country.

Type D visa provides the most benefits since the beneficiary is awarded the right to multiple entrances and free movement inside and between the member states of the Schengen Treaty being, while its effective duration extends up to one year. Nonetheless, the right to obtain a residence permit is also awarded to people with a different type of visa or those seeking asylum.

Conditions and required documents

The competent authorities for the provision of type D visa are the Greek Consulates of the state of residence of the applicant. The person who wishes to be granted a type D long term national visa needs to appear in person before the Consulate, submit the required documents, declare the purpose for entering and staying in the country and lastly, pay the required fees.

The required documents are as follow:

  1. Filled out and singed application for the grant of long term visa, along with a recent color picture.
  2. Valid passport of other official travel document. The document has to have been issued during the past decade, have at least two blank pages and its period of validity has to extend for at least three months after the date of departure from the state of destination.

iii. Certificate of criminal record from the authorities of the state of origin of the applicants certifying their criminal status. In cases where a court decision has been issued against the applicant, the competent consulate authority evaluates ad hoc whether or not he/she should be considered a threat for the national safety of Greece.

  1. Medical Certificate issued by a certified public or private institution certifying that the applicant doesn’t suffer from any contagious diseases and in general isn’t a threat for national public health.
  2. Documents of travel insurance with a period of validity equal to the provided visa duration, covering the expenses that may occur under certain circumstances during the applicant’s stay at the country of destination.

The competent consulate authority in some cases and in order to evaluate and ensure the fulfillment of every condition for granting type D visa may request from the applicant some additional of the above documents.

For specific additional information and counseling you can contact our Law Firm and speak with a qualified attorney at 0030 210 8811903, 0030 210 8251894 (fax) or via email at akorela@gmail.com

 

 

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Buy real estate and get legal visa for ever!

REAL ESTATE PURCHASE BY NON EUROPEAN CITIZENS

AND OBTAINMENT OF RESIDENCE PERMIT

The past years, Greece, aiming to attract foreign investments especially by individuals and legal entities of third-countries outside of the European Union (e.g. Russia, China, Islamic Countries, Countries of South America etc), in an attempt for revenues influx, has proceeded to a series of legislative actions which simplify the procedure and reduce the restrictions and conditions under which someone could acquire real estate in Greece in the past, but also offer additional prerogatives to those interested, making this kind of investments particularly favorable and advantageous.

In particular, under laws 3978/2011 and 4146/2013 the procedure and the conditions required for a person or legal entity to acquire real estate in Greece is drastically simplified, while also those who already own or are intent to acquire or rent real estate in Greece, the value of which exceeds 250.000 euro, are given the opportunity in obtaining a 5year renewable residence permit for themselves and their families.

The main condition for the issuance of such residence permit is the value of the property which should exceed in total the amount of 250.000 euro. This right is offered to the owners of the property, provided that they are citizens of a third-country (non EE) along with the members of their families (i.e. spouse and children under the age of 18). In cases where the acquisition has taken place under a legal entity based in Greece or another EU country, as long as the entirety of company shares are owned by one person, he/she and their family also have the same right for obtainment of residence permit.

The potential investor is required to have been awarded a VISA, in order to be eligible to enter the country, under which subsequently the relevant residence permit will be issued. In relation to the acquisition of real estate in Greece, a special type of Visa can be obtained (Type D) which is issued for a one year period, offering the ability for multiple entrances and free movement in the member states of the Schengen Treaty. Nonetheless any holder of every type of Visa (e.g. Type C, Tourist or Professional Visa etc) or asylum applications is eligible for the above residence permit without restriction.

After the acquisition of the real estate, the owner is eligible for a residence permit, with an initial duration of five years, after which and provided that the beneficiary remains the owner or leaseholder of the property there is the option for multiple successive renewals, for five years each time.

The above residence permit does not provide a right to work (work permit), while the beneficiaries (property owner and his family members, i.e. spouse and underage children) have the right to access public education like every Greek citizen.

Our Law Firm handles on behalf of individuals and legal entities of third-countries the procedure for both the finding and purchase of real estate in Greece and also the issuance of Visa and obtainment of the relevant residence permits, provided that the total value of the property exceeds the amount of 250.000 euro.

Especially, our firm handles the finding of real estate opportunities under the specification and wishes of the interested investor in collaboration with real estate agencies in every part of Greece, provides legal check for the property to the land registry in order to ensure it is free of encumbrances, represents the client before the greek public Agencies and Services, collaborates with a Notary for the drafting of the contract and submits it to the land registry after the completion of the deal.

Additionally, our Firm handles the issuance of Visa in the name of the potential investor and in cases where the total value of the property exceeds the amount of 250.000 euro, we handle the procedure of collecting the required documents for the submission of the application for residence permit on behalf of the owner and his/her family, under which a 5 year legal residence permit is provided with a renewal option for as long as the real estate remains in his/her ownership.

Call us for more details and speak with a specific lawyer. Phone numbers: 0030 210 8811903, 0030 210 8251894.

 

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