The initiative, comes in response to strong demand from Arab, Chinese and Russian investors and is anticipated to give a great boost to the property market. In 2013, the Greek government introduced the possibility for non-EU citizens to obtain a residence permit by investing an amount of €250,000 or higher in Greek real estate. You should also bear in mind that you must be able to pay all closing costs before the bank will release any funds. This particular permit is only available to individuals who are not of Greek or European descent and are not married to a Greek or EU citizen. All Rights Reserved. Your lawyer is also responsible for carrying out the necessary legal surveys and property title search. In 2013, the Greek government passed a new law which gives non-EU nationals and their family members a residence permit when buying property with a value of €250,000 or more. You or your appointed representative should clarify this at the earliest opportunity. If you have right of abode, you don't need permission under the immigration rules or EU law to live in the UK. Greece can grant residence permits, for Non-EU citizens and their families with the acquisition of property worth more than 250.000 Euros. The aforementioned third-country citizen (property owner) may be accompanied by the members of his/her family, as specified under paragraph 1 of Article 54 of Law 3386/2005. Process of sponsoring a non-EEA worker. Non-EU citizens Generally, Non-EU citizens have the right to purchase property in Greece/Crete. In more details: By decision of the General Secretary of Decentralised Administration, a residence permit for five (5) years is issued to a third-country citizen, if he/she has obtained a visa, if required, and legally owns, either personally or through a legal entity whose shares are wholly owned by him/her, property in Greece, or has, at minimum, a ten-year time-sharing contract under Law 1652/1986: \"Time-Sharing and Regulations on Related Issues\" (A' 167) as applicable, or a 10-year lease of hotel accommodations or furnished tourist accommodation (houses) in tourist accommodation complexes according to Article 8, par. Citizens From Non-European Union Countries (Including the U.S., Australia, and the U.K) Short Term Residency in Greece As of 2020 and barring the COVID-19 travel restrictions, if you are a U.S., U.K., or Australian citizen, you can come to Greece for 90 days without a special visa. These foreigners can get permanent residency in Greece, provided that they are staying in Greece. Opening an account is usually easy. Yes. Anyone owning a property in Greece is legally bound to file annually an E9 form with the Greek tax authorities. Citizens From Non-European Union Countries (Including the U.S., Australia, and the U.K) Short Term Residency in Greece As of 2020 and barring the COVID-19 travel restrictions, if you are a U.S., U.K., or Australian citizen, you can come to Greece for 90 days without a special visa. Property is filed under the owner's name; lawyers/attorneys are entitled to check under the name of any individual or organisation. It is not a work permit. Greek Government offers residency permits for non-EU nationals that buy real estate in Greece with a minimum value of 250,000 Euros. Your appointed solicitor can make the application on your behalf, if you have granted him/her Power of Attorney. 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