Best Citizenship by Investment Lawyers in Corfu

About Citizenship by Investment Law in Corfu, Greece

Citizenship by Investment is a pathway for foreign nationals to become Greek citizens through financial investment, often in real estate or other approved sectors. While Greece offers the Golden Visa program, which provides residency by investment, it is important to note that immediate citizenship is not granted solely by investing. In Corfu - a popular destination in Greece due to its scenery and vibrant real estate market - many investors are drawn to the possibility of European residency and the long-term pathway to citizenship. The typical route involves obtaining a residency permit and, after fulfilling certain residency and integration requirements, applying for Greek citizenship.

Why You May Need a Lawyer

Engaging a lawyer can make the Citizenship by Investment process in Corfu smoother and more secure. Some common reasons for seeking legal help include:

• Understanding eligibility for residency and eventual citizenship
• Navigating complex Greek and EU regulations
• Conducting due diligence on property purchases or eligible investments
• Preparing and reviewing legal documents and contracts
• Handling communications with Greek authorities and translating official documents
• Assisting with the application process for residency and later citizenship
• Addressing potential legal risks, such as property disputes or visa compliance issues
• Representing you in case of appeal or complications during the process

Local Laws Overview

Several Greek laws and regulations affect those seeking Citizenship by Investment, especially in Corfu:

• The Greek Golden Visa program grants a five-year residency permit to non-EU citizens who invest at least 250,000 euros in real estate. In some regions, the minimum investment may be higher.
• This residency does not automatically grant citizenship. Applicants must reside in Greece for at least seven years and meet integration criteria before applying for citizenship.
• Applicants must maintain their investment throughout their residency and fulfill tax and legal obligations.
• Corfu, like other regions in Greece, requires compliance with property purchase laws, tax rules, and local regulations regarding foreign ownership.
• Greek citizenship applicants must demonstrate integration into Greek society, knowledge of the Greek language, and lack of criminal history.
• European Union laws also impact residency and citizenship processes, particularly regarding rights and obligations of EU vs. non-EU citizens.

Frequently Asked Questions

Is Greece's Golden Visa the same as Citizenship by Investment?

No, the Golden Visa offers residency by investment, not citizenship. However, it is a common first step towards citizenship after fulfilling additional requirements.

Can I apply directly for Greek citizenship by investment in Corfu?

No, Greece does not offer direct citizenship by investment. You must first obtain residency, then live in Greece lawfully for at least seven years before applying for citizenship.

What is the minimum investment required in Corfu for the Golden Visa?

The minimum investment in real estate is generally 250,000 euros, but certain areas see higher thresholds. Legal advice will help clarify current regional rules in Corfu.

What are the main benefits of the Golden Visa in Greece?

Holders gain the right to live in Greece, travel within the Schengen Zone, and invest in Greek real estate or companies. Family members can also be included.

Do I need to speak Greek to get the Golden Visa or citizenship?

For the Golden Visa, knowledge of Greek is not required. For citizenship, proving proficiency (at least A2 level) in the Greek language is mandatory.

How long does the process take from investment to citizenship?

After making the investment and obtaining the Golden Visa, you must reside in Greece for at least seven years before applying for citizenship. The application review then takes additional time.

Can my family be included in the Golden Visa or citizenship application?

Yes, spouses and children under 21 can be included in the residency application. Citizenship for family members requires separate applications and meeting integration requirements.

Will my investment be refunded if my application is unsuccessful?

No, investments are typically not refundable if the permit is denied, so legal due diligence is essential.

Are there taxes on property purchases for investors?

Yes, there are property taxes, value-added tax, and other fees associated with real estate purchases in Corfu. Legal guidance can help you understand and comply with all tax obligations.

What happens if I sell my property or end my investment before citizenship?

If you sell your property or withdraw your investment before gaining citizenship, your residency permit may be revoked, halting your path to citizenship.

Additional Resources

If you seek guidance or further information on Citizenship by Investment in Corfu, Greece, consider reaching out to the following:

• Greek Ministry of Migration and Asylum
• Consulate General of Greece
• Local public notaries and law firms in Corfu specializing in residency and property law
• Chamber of Commerce in Corfu
• Hellenic Republic Ministry of Interior - Citizenship Department
• Greek Bar Association for a list of qualified lawyers
• Corfu Municipality for local administrative support

Next Steps

If you are considering Citizenship by Investment in Corfu, Greece, it is recommended to:

• Consult with a specialized immigration or property lawyer in Corfu for a personalized eligibility assessment
• Review your investment options and ensure all funds are legitimate and traceable
• Conduct thorough due diligence on prospective properties or other qualifying investments
• Gather and translate required documents with certified professionals
• Submit your residency application through official channels with legal assistance
• Plan for long-term residency to meet the path to citizenship
• Address any legal questions or challenges promptly with your chosen legal expert

Taking these steps will help ensure your investment journey in Corfu is legally secure and set on the right path toward Greek residency and eventual citizenship.