You need a Greek bank account for the transfer of funds. Greek Law 4604/2019.. On 19 March 2019, the Hellenic Parliament approved Law 4604/2019 (published in the Official Government Gazette /ΦΕΚ’ 50/A/26-3-2019) which guarantees, in articles 123, 124, 125, 127 and 128, UK citizens’ rights in Greece after the withdrawal of the United Kingdom from the European Union. A residence/work permit grants permission to stay in a country beyond a visa’s validity, a document or sticker given to someone who fulfilled requirements and legally lives and/or works under the laws and regulations of the country that issued it. are not an EU citizen however, the process to get your residence permit involves some more paperwork. (First successful sale to Chinese citizen, client of our office, has taken place in Rethymno, Crete). In this case, the period of residence is not relevant. The Registry of Mortgages is the State authority charged with securing property ownership. Residence Permit for Non-EU Citizens Greek Government offers residency permits for non-EU nationals that buy real estate in Greece with a minimum value of 250,000 Euros. It is not a work permit. This must be filed in conjunction with the basic Income tax E1 form. a residence permit with a biometric chip (known as a 'biometric residence permit') You will not be able to apply to the EU Settlement Scheme if you already have 'right of abode' in the UK. Residence permit is transferable to a new Investor (but the original Investor’s rights cease to exist), The investor has the right to obtain Greek citizenship, Process for granting a residence permit for investment activity, Your first steps in buying a property in Crete, Booking and making the most of a viewing trip. Yes. A worker from a non-EU country must first obtain a visa to enter Greece and then apply for the residence/work permit once in Greece. United Kingdom citizens and their family members, irrespective of nationality, who are permanent residents of Greece, will have an established right of residence in the country after the end of the transitional period of the EU-UK Departure (Brexit) Agreement.. Such individuals may be accompanied by members of their families to whom a personal residence permit is granted. Under these rules you may be eligible for a specific residence permit (e.g. Upon their own request, family members may be granted a personal residence permit that is renewed and/or expires concurrently with the residence permit of the sponsor (property owner). Not necessarily. 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. It is not a work permit. If you don't actually have an income in Greece you should enter "0" income in the E1. Copyright © 2008 - 2019 CreteProperties4U.com. Many are not as stringent as Greece, while others more so. Your lawyer is also responsible for carrying out the necessary legal surveys and property title search. Mobile: 0044 7716 566 027 Article 20 of Greek Law 4251/2014- Greece Residence Permits for Financially Independent Persons (FIP Visa) Who can apply for the FIP Visa and obtain a Residence Permit in Greece? The Investment can be Any Property Asset (i.e. Yes. You must appoint a Notary or you will not be able to legally purchase a property. For details of current regulations, contact the Greek consulate or embassy in your home country. OR a combination of assets i.e. RESIDENCE RIGHTS of UK citizens in Greece. Upon your arrival in Greece, you should apply for the residence permit at the Decentralized Administration Office of your area of residence prior to the expiration of your visa. I have permanent residence in the UK/EU or will acquire it during the transition period By decision of the Secretary General of the Decentralized Administration, residence permit for five years, subject to renewal, is granted to a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. It is therefore prudent to insure your new property in the standard manner against fire, water damage, storm damage, earthquake, theft and third party. It does not require a stay in Greece for a certain period. A much-delayed law that eliminates the residence permit requirement for non-Greek, European Union citizens living and working in Greece has finally come into force. You or your appointed representative should clarify this at the earliest opportunity. 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. At the end of 2017, there were 20.3 million valid residence permits granted to non-EU citizens permitting them to reside in one of the European Union (EU) Member States. 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. He/she will draw up all the necessary legal documentation. A brief guide to a Golden Visa residence permit. You can purchase property in joint name, with spouse and/or other third parties, in the names of children, legal heirs or a company. 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. RESIDENCE PERMIT IN GREECE, EUROPE, EU 2021 After the purchase of real estate in Greece, anyone has the opportunity to issue a residence permit. 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. Yes. Non- EU citizens having adequate resources at a level of steady annual income for the coverage of their living expenses may apply for a 2- year residence permit. plot with a custom built villa or building etc. A thorough property title search here will uncover any/all extra hidden claims, covenants or charges attached to the property; it will also confirm the proper previous transfer of the property. Owning a home is a keystone of wealth… both financial affluence and emotional security. For non-EU Nationals, there is now the possibility to acquire a Permanent Greek Residence Permit under the extremely attractive provisions described below. The same applies to UK nationals living in or moving to an EU country. The residence permits are renewed every five years, as long as the non - EU citizen keeps the ownership of the property. Residence Permit for Non-EU Citizens Greek Government offers residency permits for non-EU nationals that buy real estate in Greece with a minimum value of 250,000 Euros. The residence permits do not allow a right to employment of any type. Anyone purchasing a property is required to have a Greek Tax Registration Number. Non-EU citizens Generally, Non-EU citizens have the right to purchase property in Greece/Crete. By joint decision of the Ministers of Interior and Finance, the value of the above-mentioned property may increase or decrease, and will be determined in accordance with the stated prices of the sale documents of the properties, or leases as per their contracts, or as determined by ministerial objective values. Non-EU citizens can apply for a long term EU-wide residence/work permit if they can prove that they have been living and working in Greece for five continuous years with a valid Greek residence/work permit. The EU directive on family reunification (Council Directive 2003/86/EC) decrees that the non-EU family members (spouses and children) of EU nationals and Greek citizens have an automatic right to residence and work. Other close family members will … Not necessarily. You should follow the advice of the Greek Government and your local authority. EU citizens enjoy their full rights and privileges, including the right to establish residency, buy property, open a business and work in Greece. It is his/her responsibility to process and certify the transaction. Anyone owning a property in Greece is legally bound to file annually an E9 form with the Greek tax authorities. It will be compulsory to apply for the new biometric permit in 2021 as without it you will not be allowed to remain in Greece for longer than 90 days in any 180 day period. investor permit, permit for dependent work, as an EU blue card holder, other special residency permits) for third country nationals, as provided by Greek law. Adhesive labels in passports and all other kinds of paperwork relating to foreign nationals living in Greece are to be scrapped and replaced by a new, electronic residence permit that … are not an EU citizen however, the process to get your residence permit involves some more paperwork. Germany (23%), Italy (18%), France (14%), Spain (13%) and the United Kingdom (8%) accounted for three quarters of all valid residence permits granted to non-EU citizens. The decree, which makes life easier for tens of thousands of European expats residing in Greece, was signed by President Karolos Papoulias and published in the Government Gazette on June 21. In the case of jointly owned property, worth 250,00… We have successfully helped clients from the UK and all over the world secure their dream home. All property titles are held, and all encumbrances registered, there. The building industry on Crete is subject to EU regulations and standards. The Greek Immigration Code (Law 4251/2014) provides the possibility of granting a residence permit to third-country (non-EU) nationals who are family members of a Greek citizen. You should also bear in mind that you must be able to pay all closing costs before the bank will release any funds. 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. These foreigners can get permanent residency in Greece, provided that they are staying in Greece. 1. You can, of course, pay in person at the relevant office. There is no set figure for this; but it is generally prudent to budget for an additional 9 - 12% as a guide for total purchase costs. 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. For more information feel free to contact us. UK Address: A Place in Crete, The Gate, Keppoch Street, Roath, Cardiff, CF24 3JW, Crete Office: 0030 6986597405 EU citizens enjoy their full rights and privileges, including the right to establish residency, buy property, open a business and work in Greece. The period of residence, under these specific conditions, is not taken into account in cases of granting citizenship to said residents. If the ownership status of the property remains unchanged the residence permit might be renewed for five years. Greek Government offers residence permits to non-EU citizens who buy real estate in Greece. Non-EU nationals who enter Greece after January 1, 2021 as family members of a UK national eligible for residence under the Withdrawal Agreement can apply for a residence permit within three months of arrival. Closing costs include all legal expenses, fees and taxes. 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. Your accountant will help with this. Beneficiaries of the right to enter and obtain a permanent residence permit under this program are: - non-EU/EEA citizens who, as individuals, invest in Greece in securities or a bank deposit, - non-EU/EEA citizens who invest in Greece in securities or a bank deposit through a domestic legal entity of. 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