NAVIGATING THE PATH
STEP-BY-STEP GUIDE TO GOLDEN VISA
Learn About the Greece Golden Visa Program and define the investment option:
As the first step the potential applicants should preferably talk to experts, gain sufficient information about the Greece Golden Visa Program and determine the appropriate investment alternative for themselves.
To save time, the applicants and their family members that will get benefit out of the Golden Visa program should fill in and duly sign the Due-Diligence Forms.
We recommend that the prime applicants and their family members who will benefit from the program to issue a valid Power of Attorney to a Greek lawyer so that the next steps can be carried out and the transactions can proceed without them.
The POA may be signed in front of a Notary in Greece or at a Greek Consulate abroad.
Get Initial Paperwork in Order and Follow Legal Steps:
This step can be completed by obtaining a Greek Non-Resident Tax Identification Number and creating a Greek bank account.
Getting a Greek Tax Identification Number is a simple process, and it could be obtained by the legal representative of the applicant in Greece based on the Power of Attorney issued.
If the applicant has a SEPA account in Europe or in other certain countries, and wants to apply through the real estate option, he may not need to open an account in Greece.
Choose and Acquire the Property:
This step consists of executing the ‘Legal Due Diligence’ of the property by a lawyer on behalf of the investor. This is a technical and serious process that may take some time. After which, the investor needs to acquire the promissory sale and purchase agreement and the execution of a public deed.
If the application is based on a financial investment, the selection of the financial instruments should be completed in this stage.
The time needed for the investment may vary depending on the type of the investment chosen and the real estate asset or financial option.
Documentation:
During this period all the required documents and the information regarding the applicant, family members that will benefit from Golden Visa program, property to be purchased or financial investment should be gathered to attach to the formal application. Some of the documents required for the Golden Visa process are collected in Greece and can be handled by POA, while some others should be collected and sent by the applicant’s country of origin. Documents may vary depending on the applicant’s citizenship or personal status.
All documents must be recent (issued in the last 3 months) and translated in Greek language. Foreign public documents must be duly certified and authenticated with an Apostille stamp (for countries part of the Hague Convention) or be officially certified and then translated into Greek. For any countries that are not parties to the Hague Convention, a certification by the Greek consular in the country of origin of the document is required. Private documents need to be certified by a public authority or notarized before being translated.
Launch The Application:
The application for the residence permit can be submitted to the Aliens and Immigration Department at the Decentralised Authorities in Greece or General Secretariat for Immigration Policy at the Ministry of Migration and Asylum.
Applications for the initial granting of residence permits for third-country citizens, and the respective supporting documents, are submitted strictly online through the Ministry of Migration and Asylum e-services.
Go to Greece for the Collection of Biometric Data:
An important part of the process, and the only requiring the physical presence of all applicants (main investor and family members) is the collection of the biometric data. The applicants may travel to give their biometric data within twelve months after the submission of their application.
According to the EU legislation, the Greek Authorities must collect:
- Biometric “passport type” photos of all applicants, including infants over 3 months old.
- Fingerprints for all applicants, including children over 6 years old.
- Specimen of signature for all applicants, including children over 12 years old.
Fingerprints of the index fingers and the thumbs are collected by both hands. In case of applicants who are not able to give their fingerprints, due to temporary or permanent inability then it is possible to submit a medical certificate stating the disease concerned.
The photos must be a close-up of the full head and upper shoulders/chest, contain no other objects or people and be in clear contrast to the background.
To enter Greece to submit the biometric data the applicant may need to hold a valid Schengen visa according to his nationality. Currently, citizens from around 100 non-EU countries are required to hold a visa to legally enter Greece. If the applicant does not belong in these countries, he may legally enter Greece without a visa.
Obtain Approval for The Greece Golden Visa:
This phase is completed by the authorities, after which the Golden Visa application will be granted, and the applicants will be issued a Golden Visa Residence Card.
The timeframe to receive the Golden Visa approval as set by the law is two months, after giving the biometric data.
Renew Your Golden Visa in Greece:
Every five years, the Greece Golden Visa holders can apply to renew their Golden Visa residence card, making it easy to access permanent residence.
Request Citizenship:
After seven years of continuous living in Greece and paying taxes, Golden Visa holders will be eligible to apply for citizenship and a Greek passport.
Hands-on Assistance
Once the potential applicants choose their investment options and duly issue the Power of Attorney to our team, we:
Make sure that the right process is followed for the Golden Visa, depending on the investment;
Perform all legal due diligence;
Negotiate with all related parties and draft the contracts;
Fill out all tax returns and carry out all the necessary transactions;
Sign the sale contracts or bank documents on behalf of the applicants;
Submit all the necessary documents and information to the competent authorities.