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Greece’s passport is ranked as the 6th strongest passport in the world. It allows visa-free access to over 171 countries. Greek passport holders have the right to study, work, and live in any country in the European Union.
On 18'th April 2013, Greece introduced Law 4146/2013 giving Non-EU citizens and their family members the right to obtain Residency Permits by investing in Real Estate in Greece. The allowance for these types of residency permits has been integrated into the existing Law 3386/2005 "Entry residence and social integration of third-country nationals in Greece."
According to Article 36A of the Law, a five-year Residency Permit can be granted to Non-EU citizens who own or purchase real estate in Greece, the value of which exceeds 250,000 euro.
The duration of this type of Residence Permit is 5 years and it can be renewed indefinitely (for a 5-year period each time) provided that the real estate property is still owned by the applicant.
In July 2015, Greece introduced new amendments to Law 4251/2014 under the Law 4332/2015, giving Non-EU citizens the right to obtain citizenship if they reside in Greece for 7 consecutive years, providing they stay in Greece for a minimum of 180 days for each year.
The Greek Residency Program requires making a real estate investment into a property in Greece.
IVS Retainer Agreement signed and first Payment of IVS Professional Fees The Client could select the Greek property remotely and IVS starts preparing property purchase documentation required to be presented for Residency application.
The Client must travel to Greece to get the passport stamped before submitting the Residency application. If client does not have Schengen Visa, then a Greek Tourist Visa must be applied for at the Greek Consulate in the client’s country of origin/residence
Lawyers prepare property purchase documents to complete the purchase. Property purchase funds and taxes transferred. Residency Permit documentation finalized and submitted to the Government. Government Fees are payable at this point. File Submission Payment of IVS Professional Fees is payable.
2 months for the official Residency Permit to be approved. Final IVS Professional Fees are paid. Once approved Client either sends the passport to IVS lawyers in Greece to insert Residency Permit or client travels to Greece to get Residency Permit inserted into Passport.
Visa requirements for Greek citizens are administrative entry restrictions by the authorities of other states placed on citizens of Greece.
As of May 2018, Greek citizens had visa-free or visa on arrival access to 185 countries and territories, ranking the Greek passport 6th in terms of travel freedom (tied with Australian and Belgian passports) according to the Henley Passport Index