1. WHO IS ELIGIBLE FOR THE PERMANENT RESIDENCY (PR)?
Anyone who invests a minimum of 250,000 Euros in Greek property, along with their family members are eligible. Family includes spouse, children (under 21 years, but can be extended to 24), parents of the applicant and of the spouse.
2. HOW LONG IS THE PR VALID?
The Greek Permanent Residency is valid for life as long as the property remains in the name of the applicant. You need to renew the Residency Card every 5 years.
3. WHAT IS THE CARD RENEWAL PROCESS?
You need to present a certificate of ownership of the property and submit biometric data once in every five years.
4. HOW FAST CAN YOU RECEIVE PR?
You can receive your PR in as little as 10 days from the day of receiving the title deed, if the house is located in Chania, Crete and within 3 months approximately if the property is in Santorini, Paros or Athens.
GREECE PR CARD – DOCUMENTATION
For Primary Applicant:
• Application (PR) form.
• Three recent color photographs.
• Photocopy of a valid passport including the entry visa inside.
• Copy of the Purchase Contract (of a property worth at least € 250,000) and the registration of Title Deed from the 'Registry of Mortgage'.
• Medical Insurance covering the costs of hospitalization and medical care from a Greek Insurance company or international one.
• Electronic photograph and fingerprints submitted in person to the local decentralized administration.
FOR FAMILY MEMBERS:
• Family Certificate from country of origin translated and certified.
• Marriage Certificate (original and certified translation).
• Birth Certificates of the Children (original and certified translation), provided that children are under the age of 21 years.
GREECE PERMANENT RESIDENCY – SUMMARY OF FEATURES
There's no fine print!
• Minimum investment €250.000 (value before taxes).
• Permanent Residence Permit (PR) for Greece is also a Schengen Visa.
• PR for lifetime, provided applicant maintains ownership forever.
• Ownership will be examined every five years. Owner will need to present only valid title deed, health insurance and resubmit biometric data.
• PR for spouse and children below the age of 21 years of age.
• PR holders have free access to public education.
• No minimum stay requirement.
• No minimum savings account needed.
• The investor may sell the property and transfer it to another non-EU National, who in turn will also be eligible for PR.
ADDITIONAL BENEFITS FOR GREECE PR CARD HOLDERS
The right to obtain Greek Citizenship is available to:
A) The PR holders who have been residing in Greece for 7 consecutive years (180 days in each year).
B) A child born in Greece who is attending the A' grade of elementary school.
C) A child whose parent(s) has completed 5 continuous years of stay in Greece prior to the child's birth.
D) A child unmarried and minor whose parents have acquired Greek citizenship.
E) Children living in Greece who have successfully completed nine academic years (6 in elementary school and 3 in middle school) or 6 academic years of secondary education.
Transferring Primary PR to the children:
Once the child is 24 years old, the parents can donate the property to the child. This way the child becomes the primary PR holder and the parents can maintain their PR under the provision of the law for parents.
