Greece Residence Permit

Greece Residence Permit

Among the European countries, Greece is one of the most attractive ones to live and work in, offering a variety of residence permits for foreign nationals. Obtaining a residence permit in Greece might be one of the most important steps when planning a permanent or long-term move. We are going to look at the types of residence permits, the process of obtaining them, and the basic requirements and steps to be taken.

Types of residence permits in Greece

Temporary residence permit

A temporary residence permit in Greece is given for a limited period of time and renewable. The main categories include:

  • Work permit: for aliens who have already received an offer in Greece.
  • Student permit: for students attending studies in Greek schools, colleges, and universities.
  • Family Reunification Permit: for family members of Greek citizens or permanent residents.

Permanent residence permit

This permanent residence permit has an unlimited duration and allows foreigners to live and work in Greece on a permanent basis, offering access to many social and legal privileges similar to those for Greek citizens.

Investment residence permit

Such a permit is given to foreign investors, investing a specific amount of money in the Greek economy, for instance, into real estate. It gives rights not only to residence but also to receive citizenship in the future.

Basic requirements for obtaining a residence permit

Passport and questionnaire

Application – A valid passport and a duly completed application form are required in order to apply for a residence permit. The passport to be provided should be valid for at least six months from the date of application, and the questionnaire provided should be fully and truthfully completed.

Financial documents

Proof of financial solvency: It is about proving you and your family’s ability to be maintained during your stay in Greece. Bank statements of income certificates or other financial documents are required.

Medical insurance

Health insurance which covers the whole duration of intended stay in Greece is a “must requirement”. This policy should meet the standards prescribed by the Greek authorities.

Documents confirming the purpose of stay

Depending on the type of residence permit, additional documents may be required:

  • For work visa, it requires an employment contract and proof of qualifications and experience.
  • In cases of student visa, a letter of enrolment in an educational institution should be provided.
  • For investors: evidence of investment activities and of property rights.

Certificate of no criminal record

A no criminal record certificate from the country of citizenship or permanent residence. The document should be translated into Greek and certified, if necessary.

Process of obtaining residence permit

Collection and preparation of documents

First of all, one should collect all the required documents and prepare them for their submission. Make sure that all documents are in due form and properly executed.

Application

The application for a residence permit is filed with the Greek Consulate in your home country or with the migration authorities in Greece. It may well be that an appointment has to be made beforehand to submit the application.

Payment of fees

At the time of application, fees are payable, which might differ depending on the type and duration of the permit.

Waiting for a decision

Once your application is submitted, you will have to wait for a decision from the migration authorities. The actual processing time depends on the case but also on the workload of the consulate.

Obtaining authorisation

In case your application is approved, then you will be granted residence permit. This usually comes in a form of a visa. However, it may be issued as a card. Check that all the information on the document is correct and the expiry date.

Extension and reapplication for residence permit

Extension of temporary permission

In case you possess a temporary residence permit, you shall apply for its renewal before the date of its expiry. You will need to provide updated documents and confirm the purpose of your stay.

Transition to permanent authorisation

Transition from temporary to permanent status is possible if certain conditions are met, among which are a minimum period of staying, being financially self-sufficient, not having violations of migration legislation.

It might seem complex to get a residence permit in Greece, but if well prepared and informed about all the needs, then this is far easier. Professional help of companies such as Regulated United Europe will make it a lot easier. We offer full-range document preparation, application, and migration counseling services. By calling us, you will be presented with trusted support and assistance at each level of the procedure for obtaining a residence permit in Greece.

Types of temporary residence permits in Greece

Within all the different purposes of staying in Greece, there is a corresponding type of temporary residence permit. A temporary residence permit is a document that gives rights to legally stay in Greece for some period of time depending on different circumstances, such as work, study, family reunification, and business. In this article, we will discuss the main types of temporary residence permits in Greece, their characteristics, and requirements.

Residence Permit Type Details Requirements Application Procedure
1. Residence Permit for Labour Activity Work Visa: Issued to foreigners with a job offer in Greece.General Work Visa: For standard workers.

Blue Card: For highly qualified professionals.

Employment contract or job offer.

Documents confirming qualifications and experience.

Financial documents proving salary and working conditions.

Health Insurance.

File application with the Greek Consulate or migration authorities.
2. Residence Permit for Studies Student Visa: Granted to foreigners enrolled in accredited institutions in Greece. Letter of enrollment from an educational institution.

Proof of financial solvency for tuition and living expenses.

Health Insurance.

Apply at the Greek Consulate in the home country before the academic year starts.
3. Residency Permit for Family Reunification Visa for Family Reunification: For family members of Greek nationals or foreigners with residence in Greece. Documents proving family ties.

Proof of financial standing to support family members.

Health Insurance.

File application with the Greek Consulate or local migration authorities.
4. Residence Permit for Entrepreneurs and Investors  Visa for Entrepreneurs: Issued to third-country nationals intending to establish a business in Greece. Business plan and documents proving business registration.

Proof of financial ability to support the enterprise.

Health Insurance.

File application with the Greek Consulate or migration authorities.
5. Residence Permit for Pensioners  Visa for Pensioners: For foreigners with stable retirement income wanting to live in Greece permanently. Documents confirming receipt of pension or stable income.

Proof of financial means to reside in Greece.

Health Insurance.

Apply at the Greek Consulate with verification of financial documents.

The Greek residence permits come in different types that allow foreigners to legally stay in Greece for work, studies, family reunification, business, or retirement purposes. Types vary according to the legal requirements and processes involved that need to be considered when planning a move to Greece. Proper preparation of documents and thorough knowledge of all requirements will make the process of getting a residence permit more efficient and with less stress.

Duration of temporary residence permit in Greece

A Greece temporary residence permit refers to a permit issued to foreigners to allow them to legally stay in Greece for a limited period. Comprehending the duration of such a permit is the key to planning your stay and working in compliance with migration laws. During the next lines, we will present the main aspects concerning the validity of a temporary residence permit in Greece; namely, the different types of permits, the time that their validity lasts, the procedure to be followed for its renewal, and the probable result of a time limit breach.

The types of temporary residence permit and their validity period are as follows

  • Working PermitThe work visas could be issued for a period of time corresponding to that stated in the contract or job offer, actually one to two years depending on the type of work and the terms of the employment contract. It usually goes this way:
    • Short-term work visas: Normally granted for up to 6 months, for seasonal or short-term work.
    • Long-term work visas: One to two years, renewable.
  • Student authorizationA student permit is issued for the period necessary to complete an educational program. In general it corresponds to the length of the study program, plus extra time to write theses or take exams.
    • Short-term student visas: They are issued up to a year in cases of study programs that are short-term.
    • Long-term student visas: Destined for studies at undergraduate, graduate, and postgraduate levels and can be issued for a period of one to four years depending on the duration of the study programme.
  • Authorisation for family reunificationThe family reunification permit is issued for a period corresponding to the validity of the main permit of the family member in Greece.
    • Family Reunification Permit: This is usually issued for a period of up to two years and may be extended if the principal family member possesses a long-term residence permit.
  • Authorisation for entrepreneurs and investorsPermits for entrepreneurs and investors are issued for the period required in order to carry out a business plan or an investment project. Normally, such permits are issued for one to five years.
    • Short-term permits: Are issued for up to one year for initial business processes or market testing.
    • Long-term permits: May be granted for a period of two to five years, depending on the amount of investment and the payback period of the project.
  • Authorisation for pensionersThe permit for pensioners is issued for the period necessary for the planned residence in Greece, usually up to five years.
    • Short-term permits: Granted for a period of up to one year in case of a short-term stay.
    • Long-term permits: Might be granted for up to five years, depending upon the financial conditions and life plans of the pensioner.

Procedure for renewal of temporary authorization

 Application conditions

In order to apply for an extension of the temporary residence permit, the following conditions must be met:

  • Application in due time: It has to be submitted some months in advance of the expiry date of the existing permit.
  • Validation of the purpose of stay: On the occasion of work visas and business permits, confirmation should be given that the terms and conditions at the time of the employment or business venture are still valid.
  • Up-to-date financial documents: Up-to-date proof of financial solvency or working conditions has to be attached.

Application

The application form for such an extension has to be submitted to Greek migration authorities. Required documents have to be submitted, and relevant fees are paid.

 Verification and judgement

The migration authorities verify the documents submitted and a call on the extension is taken. The time for processing varies, but usually falls in several weeks to several months.

Consequences of breach of deadlines

Unauthorised stays

In case of expiry of a temporary permit without a renewal application, the stay in Greece will be illegal. This could result in administrative fines, deportation, and entry ban.

The need of new authorisation

Once the permit has expired, a new application for a visa or permit will need to be lodged, which can result in a more complicated process because of previous offenses.

It is very important to understand the basic situation in Greece concerning the validity of the temporary residence permit and relevant renewal processes in view of staying legally and for further plans of life and professional goals. This will contribute to compliance with migration legislation, timely submission of applications for renewal, avoiding problems, and ensuring stable residence in Greece. In case professional assistance and advice become necessary, contacting legal experts will considerably simplify the whole process of compliance with all requirements.

How to apply for a residence permit for Greece?

How to apply for a residence permit for Greece?The receipt of a residence permit in Greece is one of the most important steps foreigners take when the aim is to live in Greece for whatever purposes, work, studies, family unification, business, or other purposes. The means of applying may vary depending on the type and even situation, yet the general procedure and requirements remain almost the same. During this article, we shall look in detail at how to go about applying for residence in Greece, the required documents, and steps that follow.

Determining the type of residence permit

One is supposed to establish, before making any application, the type of residence permit he needs. The different categories of temporary and permanent permits in Greece are as follows:

  • Work visa: For labor activities.
  • Student visa: To study at accredited educational institutions.
  • Family reunification visa: For family members of Greek citizens or foreigners with a residence permit.
  • Visa for entrepreneurs and investors: For business or investment projects.
  • Visa for pensioners: For foreigners who plan a long-term stay on the basis of pension income.

Collection of documents

Each type of permit has different requirements for documents, but the general list includes:

  • Application: A completed and signed application form, which should be available from the Greek Consulate or at the official website of the Greek Migration Services.
  • Passport: A valid passport with appropriate validity and visa pages.
  • Photographs: Recent colored photos conforming to visa photo requirements.
  • Documents proving the purpose of stay:
    • Work: Employment contract or job offer.
    • For studies: Application for a residence permit.
    • Family reunification: Supporting documents such as family ties proof.
    • For business: Business plan, company registration.
    • For pensioners: Certificate proving the receipt of pension or any other income derived.
    • Health Insurance: A policy that covers medical coverage for the period of stay in Greece.
    • Financial Documents: Proof of means available to cover the cost of accommodation and essential expenses.

Application Submission

Application to a Consulate or Visa Application Centre

If you are already outside of Greece, you must lodge the application to the Greek Consulate or Visa Centre in your country of origin. You will need to make an appointment with the documents prepared as well as pay the consular fee.

Application Submission within Greek Territory

If you happen to be in Greece, you can apply from the local migration office. You will have to make an appointment and submit all the documents.

 Interviews and document verification

You may be also called for an interview regarding why you want to stay in and with what motive you visit the country. Your papers may take some time to be processed.

Review and authorisation

Timeframe for review

Processing of an application for a residence permit takes anything from several weeks to months depending on the type of permit and completeness of the documents being submitted.

 Decision and authorisation

After the verification and approval of the application is completed, you will be issued with a residence permit. This can be a temporary visa, a residence card or another document confirming your right to legally stay in Greece.

Extension and maintenance of status

Renewal of authorisation

If your temporal residence permit is to expire, you have to apply for an extension prior to the expiration date. The extension procedure is the same as in initial submission with the contents and supporting documents being updated and the confirmation that the reasons for stay are up-to-date, too.

Maintaining status

Compliance with all conditions and requirements to retain residence status is strictly necessary in order not to have any problems with the migration authorities. More specifically, this means the regular updating of documents, compliance with the conditions of one’s visa, and notification in due time of every change in status and/or circumstances.

The whole Greek residence permit application process is a planned and multi-step process, fully following all the legal requirements: selecting the right type of permit, gathering the documents, submitting the application, and receiving a decision on the permit. Where possible, consultation with migration specialists and legal advisors will greatly simplify the process and avoid common mistakes.

GREECE TEMPORARY RESIDENCE PERMIT REQUIREMENTS

A temporary residence permit in Greece allows foreign nationals to stay in this country for a certain period of time for employment, studies, business, or other reasons. With a view to being issued such permission, several requirements must be met and the relevant documents duly submitted. Within the context of this article, we will look closer at the main requirements for applicants for a temporary residence permit in Greece.

  1. Determination of the type of temporary residence permit

You need first to find out the form of temporary residence that will serve your needs. The key types of temporary permits are as follows:

  • Work permit: This is for employment in Greece.
  • Student permit: This is for study in accredited educational institutions.
  • Authorisation for entrepreneurs and investors: This is for business or investment projects.
  • Family Reunification Permit: For relatives of Greek citizens or aliens with a valid residence permit.

Basic requirements for applicants

Working Permit

To get a work permit in Greece you are required to:

  • Formal job offer: Contract with a Greek employer or a letter of job offer.
  • Qualification documents: Proof of professional qualifications and work experience that corresponds to the employer’s needs.
  • Health Insurance: Health insurance policy valid in Greece.
  • Financial Documents: Documents proving that you have the means to support yourself and pay for your accommodation in Greece.
  • Documents on compliance with the migration legislation: Certificate of absence of criminal record and medical report on the state of health.

Student authorisation

To obtain a student permit, you need to provide the following:

  • Admission Letter: Officially from an accredited institution, it confirms the applicant’s enrolment in a study programme.
  • Financial Documents: Proof of funds available to cover tuition fees and living while in Greece.
  • Health insurance: A policy covering them for the whole period of stay in the country.
  • Education documents: The diplomas and certificates confirming their level of education.

Authorization for Entrepreneurs and Investors

In regard to the permit for entrepreneurs and investors, the application for the permit has to be accompanied by the following requirements:

  • A detailed business plan: with the goals, means of accomplishment, and results the investment project has to reach.
  • Business Registration Documents: Documents that confirm the registration of a company or an investment project in Greece.
  • Financial Documents: Proof that you are in possession of sufficient capital for operating a business or investing.
  • Health Insurance: A policy providing medical cover within Greece.

Authorisation for family reunification

For the permit for family reunification, the following shall be submitted:

  • Documents confirming family relations: Marriage, birth, or other documents confirming family ties.
  • Authorisation of the main family member: Copy of the residence permit of the main family member in Greece.
  • Financial Documents: Proof of financial solvency of a primary family member to provide for your needs.

Application process

Document gathering

Prepare all the documentation required, given the type of license. Have them translated into Greek and notarized.

Filing the Application

The application for a temporary license is mailed to the Greek consulate in your country or to the migration authorities of Greece where you are. You are expected to make an advance appointment to file an application and submit documents.

Application fee and charges

Pay the due application fee. Fees depend on the type of authorisation applied for and duration of stay.

Waiting for the decision and collecting authorisation

Processing time

The application will be treated, taking several weeks or months, depending on the type of permit applied for and if all the requirements are met.

Collecting authorisation

Once your application is approved, you will be issued with a temporary residence permit. The exact form this takes will depend on the type of permit—for example, a visa, residence card, or other document.

Responsibilities and compliance

Renewal of authorisation

When a temporary permit expires, you will have to request an extension from the migration authorities before its expiry date.

Compliance with conditions

Comply with all the conditions of the permit, informing the migration authorities of any change in data or circumstances.

Obtaining a temporary residence permit in Greece means serious preparation and adherence to all requirements of the migration legislation. Defining the right type of permit, gathering the necessary documents, and following the established procedures will help you to successfully complete the application process. Professional migration counselors and lawyers can greatly facilitate the process and increase your chances of obtaining the permit.

How to Obtain Permanent Residence in Greece?

Permanent residence in Greece is actually the significant and most important step for foreigners that come to Greece for long-term settlement. The permanent residence permit gives the right to reside and work permanently in Greece. The Greek authorities allow a person who has a residence permit a more stable integration into Greek society and the labor market. In this article, we will discuss in detail how to obtain a permanent residence permit in Greece, including its requirements, procedure, and documentation.

Category Details
Understanding the Type of Permanent Residence Permit There are various categories of permanent residence permits in Greece:

Permanent Permit for EU Citizens: For EU citizens already residing in Greece.

Permanent Permit for Third Countries: For non-EU nationals who meet the requirements.

Authorization Based on Investment Activity: For foreign investors who invest in the Greek economy.

Basic Requirements General Requirements:Long-Term Residence: Continuous residence in Greece for at least five years or other specified period.

Impeccable Legality: Compliance with migration and tax laws.

Proof of Financial Resources: Evidence of stable income or financial means to support oneself.

Health Insurance: Coverage for expenses in Greece.

Special Requirements:

For Investors: Evidence of significant investment in Greece, such as establishing a company or purchasing real estate.

For Spouses and Family Members of Greek Citizens: Proof of family relationship and legal status of the main family member.

Application Process Preparation of Documents:Application: Form available at Greek Migration Authorities.

Passport: Valid passport and copies of all pages.

Proof of Residence: Documents proving legal residence in Greece.

Financial Documents: Evidence of financial solvency (bank statements, income statements).

Health Insurance: Valid health insurance policy.

Supporting Documents: Depending on authorization type (business, investments, family ties).

The application can be submitted to the local Migration Service or Immigration Office in Greece. It is advisable to book an appointment.
Payment of Fees: An administrative fee may apply, varying based on the type of permit.

Waiting for Decision Time to Process the Application: May take from several months up to one year, depending on complexity and document volume.
Permission: Upon approval, a permanent residence permit is issued, typically as a residence card confirming the right to stay in Greece.
Duties and Maintenance of Status Renewal and Updating Documents: Update documents and ensure status is checked periodically.
Compliance with Legislation: Fulfill all conditions of the permit, including tax and social security obligations to maintain status.

Obtaining a permanent residence permit in Greece is the next but very significant step for those who want to stay in this country for a long period. Scrupulous preparation of documents, fulfillment of all requirements, and acquaintance with the procedure of application will help you to successfully pass this step. Consultation with professional migration counselors and legal experts will greatly simplify the process and increase chances of obtaining the permit successfully.

Where to apply for permanent residence in Greece?

Obtaining a permanent residence permit in Greece is the most important step a foreigner can take towards long-term settlement in this country. The application for a permanent permit should be thoroughly considered and adhere to all the regulations set by Greek legislation. In this article, we will look closer at where and how a permanent residence permit in Greece is applied for.

Local migration authorities

Migration Service Offices in Greece

The application for permanent residence in Greece must be submitted before the local offices of the Migration Service, which are named Γενική Γραμματεία Μετανάστευσης」 (General Secretariat for Migration) or Αστυνομία」 (Police Department) depending on the region and the type of permit. Their competence includes immigration issues and services concerning residence permits.

Addresses and contact details

The addresses and contact details of the local Migration Service offices are available from the official website of the Greek Ministry of Interior or in the local municipal offices. It is recommended that you call the office closest to you from your place of residence or registration.

Greek Consulate in your country

Consular services outside Greece

You can apply for a permanent residence permit, if you are outside Greece, at the Greek Consulate or Embassy in your country. The Consulates are responsible for the pre-verification of your documents and they can give instructions on the application for a permanent permit.

Procedures at the consulate

For the application at the Consulate, there needs to be an appointment scheduled with all documents present. The Consulate sends your documents to Greece for further processing and evaluation.

Online platforms and e-services

Electronic application submission

In this respect, with the support of some online platforms developed by the Greek Ministry of Interior or the migration authorities, certain parts of the permanent authorisation application can be realised. For example, there are some e-forms for pre-filling and submitting some applications.

 Registration and submission

For online applications, you would be required to sign-up on the concerned website, make a personal account there and proceed with filling-out and submitting your application. Online websites sometimes also enable you to check the status of your application besides sending you notifications regarding the processing of your application.

Notaries and law firms

Notary services

At times, this may happen in that you are assisted by a notary to prepare and file documents with the relevant bodies. The notaries assist in the certification and translation of the papers, filling out the forms, and submitting them to the migration authorities.

Law firms

The full-range services of preparing and submitting the application for a permanent residence permit are provided by law firms and migration advisers. They may assist in the collection of documents, filling out forms, preparation of financial and legal certificates, as well as provide support throughout the application process.

Application Preparation

Document Collection and Preparation

First of all, you need to be sure that before applying, you are in possession of all the necessary documents. These are:

  • Completed application: According to migration service requirements.
  • Passport: A valid passport & copies of all its pages.
  • Proof of residence: Proof of legal residence in Greece on a temporary basis.
  • Financial Documents: Proof of financial solvency.
  • Health Insurance: Health insurance policy valid in Greece.

Verification and certification of documents

If necessary, have the translations of all the supporting documents certified. This will save your application from being delayed.

The application process for permanent residence in Greece needs much care and attention to understand all the required procedures, from communicating with a local Migration Service office in Greece or Consulate in countries other than Greece to using the online services. Assistance from notaries and law firms may also be considered in order to properly prepare and file your application. Proper preparation and completion of all requirements are pathways to ensure you successfully get a permanent residence permit in Greece.

Required documents for Greece permanent residence application

Obtaining a permanent residence permit in Greece is one of the most crucial means for foreigners willing to live in the country for an unlimited period. In this respect, application involves the collection and submission of certain documents for proving compliance with the requirements. Below, we look in detail at what documents are needed for applying for a permanent residence permit in Greece.

Document Type Details
Basic Documents Application Form:The permanent residence permit application form must be submitted. Obtainable from the local Migration Service or the Greek Ministry of Interior website. Must be thoroughly completed.

Passport:

Valid passport: Original and copies of all pages, including visa and stamp pages. Passport must be valid at the time of application.

Photographs:

Recent passport-size photos meeting Greek authorities’ requirements.

Proof of Residence Documents Confirming Legal Residence:Residence Permit: Copy of the current residence permit if already in Greece on a temporary basis.

Registration Documents: Proof of registration with local authorities (e.g., Certificate of Residence).

Proof of Permanent Residence:

Bank Statements: Confirm financial activity and residence in Greece.

Tax Returns: Copies proving financial situation and tax obligations in Greece.

Financial Documents Confirmation of Financial Solvency:Certificates of Income: From employers or businesses if self-employed.

Bank Statements: Confirm sufficient financial means for self and family.

Property Documents:

Real Estate: Proof of ownership of real estate in Greece, if applicable.

Investments: Supporting documents for investments in the Greek economy.

Health Insurance Health Insurance Policy:Documents: Health insurance policy valid in Greece, covering medical expenses for the entire stay.
Other Documents Relatives and Dependants Documents:Marriage Certificate: Required for spouses.

Documents for Children: Birth certificates and proof of relationship.

Business Documents:

Constituent Documents: Incorporation documents of the company for entrepreneurs.

Documents Confirming Integration:

Language Tests: Proof of proficiency in Greek, if required by the authorization type.

Procedure for Submission Certification and Translation:Documents Translation: All documents must be translated by a certified translator into Greek. Notarization may be required.

Preparing for Submission:

Set Up an Appointment: Schedule an appointment at the local Migration Service or consulate if outside Greece.

Payment of Fees: Prepare to pay administrative fees for processing the application.

Correct submission of all the required documents and their preparation is, therefore, the main ways to receive a permanent residence permit in Greece. Carefully check all requirements, make sure your documents are correct and complete, and follow the established procedures for application. If you have any questions or need help, consultation with professional migration advisors or legal experts can greatly simplify it and increase the chances of successfully obtaining a permit.

Greek residence permit by investment

A Greek residence permit for investment is very interesting for foreign investors who want to obtain long-term residence in one of the most picturesque and economically stable countries in Europe. Greek legislation provides several programs that are grounds for residence based on an investment in the economy of Greece. In the given article, we would like to focus on the main features and conditions of a Greek residence permit in the case of investment.

Greece Golden Visa Programme

Overview of the programme

The Greek Golden Visa programme grants a residence permit to foreign investors in Greece, provided the following conditions are met. The main objective of the programme is to attract foreign investment in real estate, business and other economic sectors which would help raise the economic development of Greece.

Key benefits

  • Long-term residence: The Residence permit in Greece for up to 5 years, renewable after that term.
  • Visa-free travel to the Schengen area: Visa-free travels to Schengen countries are allowed to golden visa holders.
  • Family Rights: Family members can be included in the application: spouses, children, and parents may be added to the residence permit application.

Investment requirements

Investments in real estate

  • Minimum investment of 250,000 euros: The minimum investment required in the form of real estate purchase for applying to a residence permit in Greece is 250,000 euros. The property may be residential and/or commercial.
  • Documents: A contract of sale and purchase, cadastral documents, and payment receipt are some of the supporting documents for proving the legality of buying property.

Business investments

  • Minimum amount: In Greece, the minimum investment amount differs but usually is around €400,000, which can include the opening of a new business enterprise or the participation in an already operating one.
  • Documents: The constituent documents of the business have to be provided, together with licences and other documents confirming the implementation of investment activities.

2Deposit in a bank

  • Minimum: With the condition of depositing an amount in a Greek bank, the minimum quantity required for obtaining residence sometimes is €100,000 or more.
  • Documents: Documents related to the availability of money and its source have to be presented, along with the deposit documents of the bank.
  • Filling in the form: Fill in the official application form for a residence permit for investment. The application form is provided by the Greek Migration Service, as well as by the official website of the Ministry of Interior.
  • Document Collection: Prepare a complete package of documents, including: Proof of investments, financial documents, statements of income, other documents, as requested.

Submitting an application

  • Personal presentation: Generally, the application has to be filed with the local Migration Service office in Greece. Sometimes, this is feasible through the Greek Consulate in your country.
  • Payment of Fees: Pay any administrative fees on processing of your application.

Consideration of the application

  • Processing time: The processing takes from several months to a year, depending on the complexity of the case and completeness of the submitted documents.
  • Additional checks: In some cases, additional verifications may be needed, or there might be requests for additional documents.

Duties and rights of visa holders

Responsibilities

  • Renewal of the residence permit: The residence permit for investments in Greece is issued for a period of up to 5 years, renewable with a requirement to prove the continuous fulfillment of investment obligations.
  • Taxes and fees: Holders of the visa need to comply with the Greek tax obligations, as well as other legal requirements.

4.2 Rights

  • Housing rights: The possibility to live in Greece during the duration of the residence permit.
  • Access to services: Medical, educational and other services in Greece under the same conditions as for citizens.

Recommendations on choice of investment

Market evaluation

Before investing into either real estate or business in Greece, one would be recommended performing extensive market evaluation. Ask local specialists to consider fitting investment variants.

Legal assistance

Seek the advice of legal consultants or migration experts who ensure all documents are correct and meet the necessary legal criteria.

The Greek Residence Permit by Investment program offers alluring opportunities for foreigners that want to establish themselves in Greece on a long-term basis. As long as you fulfill all the requirements and submit the relevant application forms accordingly, rest assured that you can live comfortably in Greece with your family and at the same time enjoy the privilege of being a resident. If you pay greater attention to preparation for everything and continue through all procedures with care, then you can achieve the process of residence permit through investment successfully.

Eligibility criteria for applying to Greek residency by investment

The Greek Residence Permit by Investment programme is one of the key instruments for attracting foreign capital into the Greek economy and it enables investors to live long-term in Greece. Greek law defines a number of requirements and conditions that have to be met in order to obtain such a residence permit. In this paper, we will state the principal requirements and conditions that investors have to comply with in order for them to secure a residence permit for investment in Greece.

Investment requirements

Investments in real estate

  • Minimum investment amount: In order to obtain a residence permit in Greece for investing in property, an investment of at least €250,000 is required. This can be made in the form of buying residential or commercial property.
  • Property type: The investment could be in the form of residential properties, such as apartments and houses, or commercial properties, such as offices or retail space.
  • Documentation: Any form of document that proves your investment in that property must accompany the application. These could be the sale and purchase agreement, cadastral documents or proof of payment for the property.

Investments in Businesses

  • Minimum investment requirement: The residence permit is allowed with business investment, for which an investment of at least 400,000 euros is necessary. It shall be for opening a new business or participating in an already existing business.
  • Business activity: The investment may be utilized for developing a new business or purchasing a share in any already operating company.
  • Documentation: Business incorporation documents, licences, and financial statements and plans supporting the investment shall be provided.

 Deposit in a bank

  • Minimum amount: A deposit of €100,000 or more in a Greek bank may be required for securing a residence permit in certain cases.
  • Documentation: Bank statements and documents showing the source of the funds are required to verify the deposit.

Requirements for the applicant

Personal attendance

  • Responsibilities: The candidate should be able to prove his/her legal residence in Greece at the time of application. This may include being registered with local authorities and possessing a valid residence permit, if any.
  • Health Insurance Policy: To obtain a residence permit, you should possess a health insurance policy, which should be valid in Greece. It should cover all medical expenses.

Application procedure

Preparation of documents

  • Application Form: The official application form for a residence permit should be filled in. The form is available either from the local Migration Service office or from the official website of the Greek Ministry of Interior.
  • Documents: Prepare complete documentation to prove the investment conditions are met. This may include contracts, bank statements, business and real estate documents.

Application Filing

  • Personal appearance: The application is normally filed to the local Migration Service office in Greece. In some cases, the file can be submitted to the Greek Consulate in your country.
  • Payment of Fees: Pay administrative fees for the processing of your application.

Consideration of the application

  • Processing Time: The application process can take several months to a year, depending on the complexity of your case and completeness of the submitted documents.
  • Additional checks: In a number of cases, additional verifications or additional documents may be required.

Rights and obligations of the holder of a residence permit

Rights

  • Permanent residence: The holder of the residence permit has the right to stay in Greece for a period of up to 5 years, renewable upon request.
  • Visa-free entry to Schengen: The visa gives a right to visa-free entry into Schengen countries.
  • Family Rights: Mention family members who are allowed, such as wife, children, parents.

Responsibilities

  • Basic residence permit renewal: The residence permit for investment shall be issued for an indefinite duration and for a term of up to 5 years. Renewal is possible upon the application of an investor in case obligations are still fulfilled.
  • Taxes and fees: Visa holders need to comply with Greek tax obligations and other legislation.

Recommendations for investment selection

Market assessment

Before investment, it is recommended that you do a proper market research analysis. It includes studying the property market or business area that you are willing to invest in.

 Legal and financial advice

Arrange for legal and financial consultation. In this way, you can get rid of every sort of problem regarding the paperwork or missing anything.

Obtaining a residence permit in Greece by way of investment allows foreign investors to acquire, apart from the place of residence in one of the most beautiful European countries, a whole lot of economic and social advantages. Only full compliance with all requirements and proper preparation of documents will help to successfully pass the residence permit procedure and secure comfortable and safe stays in Greece.

How long does it take to process a Greece residence permit?

The procedure for obtaining a residence permit in Greece may include several steps, and its processing time is predetermined by many factors. This paper will review how long it usually takes to process an application for a residence permit in Greece and what affects this timeframe.

Stage Details
Introduction A residence permit is a document that grants foreign nationals the right to reside permanently in Greece. Obtaining this permit is crucial for long-term stays in the Hellenic Republic, involving different documentation based on the applicant’s circumstances. The main stages include document submission, review, and decision-making.
Main Stages of Application Processing Submission of Documents:All required documents, including the application form, proof of financial solvency, health insurance, and documents justifying the residence permit, must be prepared before applying.

Application can be submitted at the Migration Office in Greece or through the Greek Consulate in your country. In-person applications may take longer due to authority workload.

Initial Verification: After submission, an initial verification checks completeness and requirement fulfillment, seeking confirmation or clarification as needed.

Major Review: A detailed examination of all submitted documents, taking several months based on the scope of verification.

Notification of Decision: Upon completion, a decision is communicated in writing or electronically. If approved, you’ll be notified that the residence permit is granted.

Getting the Residence Permit: After notification, you must visit the migration office to receive your residence permit, which may take additional time depending on the authorities’ working hours.

Processing Times According to Type of Residence Permits Temporary Residence Permits:Residence Permits by Investment: Typically takes around 3-6 months but may extend with extensive documentation and additional checks.

Permanent Residence Permits:

Permanent residence applications take 6 to 12 months, requiring more detailed checks and possibly a longer stay in the country.

Factors Affecting Processing Time Quality of Documentation Provided:Documents should be complete and accurate; incorrect or incomplete submissions can delay processing.

Congestion of Authorities:

The workload of migration authorities impacts processing times, especially during peak demand periods.

Additional Checks:

Further verifications or inquiries will increase processing time.

Recommendations to Speed Up the Process Thorough Preparation of Documents:Ensure all documents are well-prepared and complete to avoid unnecessary questions and delays.

Expert Consultation:

Engaging a lawyer or migration counselor can help minimize errors and omissions, speeding up the application process.

Timely Submission:

Submit documents well in advance according to requirements to prevent delays and ensure timely processing.

Some of the factors that determine the time taken to process a residence permit in Greece include the type of residence permit, quality of the documents, and workload of the migration authorities at any given time. Usually, this period may take months or up to one year. Carefully preparing and correctly submitting the documents will help speed up the process and guarantee your success in obtaining a residence permit in Greece.

 How long after permanent residency can I apply for Greek citizenship?

How long after permanent residency can I apply for Greek citizenship? Acquiring Greek citizenship is an investment in integration into Greek society, and it comes with a number of advantages, such as visa-free travel to Schengen countries and electoral rights. The fulfillment of one fundamental requirement pertains to permanent residence. In this article, we’ll elaborate on how many years after getting permanent residence it is possible to apply for Greek citizenship and what other requirements and procedures can be needed.

Basic Conditions for Greek Citizenship Details
Residing in Greece Permanent residence: The applicant must have permanent residency in Greece. A permanent residence permit is essential for acquiring citizenship.
Residence period: Greek legislation requires a minimum stay of 7 years from the date of obtaining a permanent residence permit to qualify for Greek citizenship.
Financial Position and Taxes Financial Solvency: The applicant must demonstrate financial solvency and the ability to support themselves and their family in Greece.
Taxes: Participation in the Greek tax system is crucial. Evidence of payment of all taxes and absence of debts to tax authorities is required.
Basic Knowledge of Greek: Basic proficiency in the Greek language must be certified through examinations or other evidence.
Integration into Community: Applicants must demonstrate integration into Greek society, including cultural and social participation.
Application Form: Obtain the citizenship application form from local migration authorities or the Greek Ministry of Interior website.
Documents: Prepare documentation proving permanent residence, financial solvency, tax payment, and Greek language skills.
Submitting an Application Municipal authorities: Submit the application to the local office of the Migration Board in Greece. In specific cases, submission at the Greek Consulate in your country may be considered.
Payment of Fees: Pay all administrative fees related to the citizenship application.
Review Process: The review process may take several months or even years, depending on case complexity and workload of migration authorities.
Additional Checks: During the review, additional checks may be conducted to verify integration and eligibility.
7 Years of Permanent Residence: Applicants must show that they have resided in Greece for at least 7 years after obtaining a permanent residence permit before applying for citizenship.
Total Time Frame for Review The process may take from 6 months to 2 years or more, influenced by case complexity and workload of migration authorities at that time.
Recommendations to Expedite the Process Thorough Preparation of Documents: Ensure all submitted documents are complete and accurate to avoid delays due to incompletion or errors.
Consultation of Professionals: Seek legal assistance from migration counselors or lawyers to avoid mistakes and expedite the process.
Meeting All Requirements: Comply with all tax and language requirements to enhance the likelihood of a successful application.

The Greek citizenship acquisition process after getting a permanent residence permit is bound by a number of conditions and deadlines. It should be considered that for applying to citizenship, one must have stayed in the country at least 7 years after getting a permanent residence permit. Careful preparation of documents, following all requirements, and consultation with professional counsellors will accelerate the procedure and ensure successful citizenship of Greece.

How can Regulated United Europe help with Greece residence permit?

Greece residence permit maybe a further step in accomplishing your business goals or staying comfortably in the country. The main thing to know – residence permits of Greece differ, each of them is unique, with all peculiarities and requirements that one should expect. For the process of getting a residence permit to work efficiently, all the papers and formalities must be completed on time. In this process, our law firm, Regulated United Europe, will be happy to professionally assist and advise. In this article we will review how we can actually help you go through the entire process, especially when your aim has something to do with business activities.

Introduction

Within the territory of Greece, there are several types of residence permits, including those that contemplate business activities of their future holder. Obtaining a residence permit requires a lot of preliminary preparation and involves knowledge of local requirements. Regulated United Europe provides wide-range services to assist in this process: advising on the choice of the most appropriate type of residence permit, preparing documents, support at all stages of the residence permit process.

Types of residence permits in Greece

residence permit for business activities

  • New company: If you are willing to create a new business, you will need a residence permit for entrepreneurs. You will be requested to prove that you have a business plan and financial resources available.
  • Acquisition of a company: If your intention is to acquire an already existing company, the relevant residence permit will be required again; in this case, you will have to show that your business plan meets the demands of Greek legislation.
  • Other types of residence: Residence permits for investors – Such programs come in the form of Golden Visa; this visa gives the right to residence in return for investing in real estate or other forms of capital.
  • Working residence permits: For those who intend to work in Greece based on their labour contract.

How Regulated United Europe can help

Advice on choosing the type of residence permit

  • Needs Assessment: We can help you decide which type of residence permit best serves your goals, whether it be the opening of a new business or an acquisition of an existing one.
  • Legislation analysis: We will inform you about the various residence permits, their requirements and help choose the most optimal variant.

Preparation and execution of documents

  • Document Gathering: We can help assemble all the documents that will be needed for an application, including assembling a business plan, financial statements, and proof of financial solvency.
  • Due Diligence: Have all the documents legally reviewed against mistakes and any other obstacles that may delay the filing process.

Greece Company Formation Assistance

  • Company Incorporation: We will be able to guide you on how to register a new company in Greece, including the preparation of incorporation documents, tax registration, and other administrative procedures.
  • Business Plan: We will prepare and adapt the business plan according to Greek legislation demands.

Ready business buying

  • Business Finding Service: We can find an appropriate business for your acquisition, including preliminary analysis and valuation.
  • Transaction support: We will provide legal support of the business acquisition transaction, including verification of the legal status and execution of the necessary documents.

Recruitment Agency and employment support finding

  • Agency finding: If you don’t have a job yet in Greece, we could assist in finding a recruitment agency for you to find the appropriate job.
  • Sending of CV: We will be able to prepare and forward your CV to any interested employer in Greece.

Importance of correct filing of documents

Completeness and accuracy

  • Comprehensive approach: The repeated submission of an incomplete set of documents or errors in the documents may serve as the basis for refusing to issue a residence permit. We will provide an integrated approach to collecting and processing all required documents.
  • Legal support: Professional legal support helps avoid mistakes and speeds up the process of getting residence. We provide full support and counselling at each stage of interest in residence in Greece. Regulated United Europe provides professional support throughout this process: from consulting on the type of residence permit to preparation and processing of the documents, further assistance in opening a business or buying an operating one, employment, etc. We try to simplify as much as possible the procedure for getting a residence permit for our customers by providing qualitative legal services and support at each stage.

RUE customer support team

Milana
Milana

“Hi, if you are looking to start your project, or you still have some concerns, you can definitely reach out to me for comprehensive assistance. Contact me and let’s start your business venture.”

Sheyla

“Hello, I’m Sheyla, ready to help with your business ventures in Europe and beyond. Whether in international markets or exploring opportunities abroad, I offer guidance and support. Feel free to contact me!”

Sheyla
Diana
Diana

“Hello, my name is Diana and I specialise in assisting clients in many questions. Contact me and I will be able to provide you efficient support in your request.”

Polina

“Hello, my name is Polina. I will be happy to provide you with the necessary information to launch your project in the chosen jurisdiction – contact me for more information!”

Polina

CONTACT US

At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Czech Republic s.r.o.

Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 6949 5456
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

Company in Poland
Sp. z o.o

Registration number: 38421992700000
Anno: 28.08.2019
Email: [email protected]
Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Regulated United
Europe OÜ

Registration number: 14153440
Anno: 16.11.2016
Phone: +372 56 966 260
Email:  [email protected]
Address: Laeva 2, Tallinn, 10111, Estonia

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