Best Citizenship by Investment Lawyers in Fira

About Citizenship by Investment Law in Fira, Greece

Citizenship by Investment (CBI) refers to legal programs that allow individuals to acquire citizenship in a country by investing in its economy. In Fira, Santorini, as a part of Greece, there is currently no direct “Citizenship by Investment” program. Instead, Greece offers a Golden Visa program that grants residency to those who make significant investments, primarily in real estate. After holding residency status for a specific period and fulfilling legal requirements, it may be possible to apply for Greek citizenship under certain circumstances. This process involves strict compliance with national immigration and naturalization laws.

Why You May Need a Lawyer

Navigating the process of obtaining residency or citizenship via investment in Fira can be complex. A specialized lawyer can provide valuable assistance in the following ways:

• Assessing eligibility and compliance with Greek Golden Visa and naturalization regulations.
• Assisting with real estate transactions, ensuring due diligence and property rights protection.
• Advising on investment structures that meet the legal requirements for residency or citizenship.
• Handling document preparation, application submissions, and interactions with Greek authorities.
• Providing representation during the appeals process in case of application rejection or administrative issues.
• Explaining tax obligations and implications related to Greek residency or future citizenship.

Local Laws Overview

Greek law does not presently provide a direct citizenship by investment route. However, Greece’s Golden Visa program permits non-EU nationals to acquire permanent residency by investing at least 250,000 euros in real estate, including properties in Fira. Key legal aspects to be aware of are:

• Investment must be in qualifying real estate or other approved alternative investments.
• Residency status is valid initially for five years and can be renewed if the investment is maintained.
• The applicant’s family (spouse, children under 21, and dependent parents) can also obtain residency.
• After seven years of continuous legal residence, an applicant may be eligible to apply for naturalization as a Greek citizen, subject to additional requirements such as language proficiency, cultural integration, and absence of criminal record.
• Legal procedures must comply with national and local property law, tax regulations, and public order requirements.

Frequently Asked Questions

Is it possible to get Greek citizenship directly through investment in Fira?

No, Greece does not offer direct citizenship by investment. Residency can be obtained through the Golden Visa program, which may eventually lead to citizenship.

What is the minimum investment required for the Greek Golden Visa in Fira?

The minimum investment is 250,000 euros in real estate. This can include residential or commercial property in Fira or elsewhere in Greece.

Can I purchase more than one property to meet the investment threshold?

Yes, you can combine multiple properties as long as the total investment meets or exceeds 250,000 euros.

Does the Golden Visa grant me the right to work in Greece?

The standard Golden Visa is a residence permit and does not grant the explicit right to work as an employee, but you may operate a business or be self-employed.

How long do I need to reside in Greece before applying for citizenship?

Generally, you must maintain legal residence in Greece for at least seven years and meet all other citizenship requirements.

What documents are required to apply for the Greek Golden Visa?

Commonly required documents include a valid passport, proof of investment, proof of funds, and clean criminal record certificates. Additional documentation may apply depending on your circumstances.

Can my family members also obtain residency?

Yes, your spouse, children under 21, and dependent parents of both spouses can also obtain residency through the Golden Visa program.

Can I rent out the property I purchased for investment?

Yes, you are allowed to lease out the property, which can provide rental income during your period of ownership.

What happens if I sell my property?

If you sell the property and your investment drops below the minimum threshold, your residency permit may be revoked, unless you reinvest in qualifying property.

Are there any language or integration requirements for the Golden Visa or later citizenship?

There are no language or integration tests for the Golden Visa, but to qualify for citizenship after seven years, you must demonstrate Greek language proficiency and integration into Greek society.

Additional Resources

Here are some resources and organizations that may assist with questions or procedures related to Citizenship by Investment and residency in Fira, Greece:

• The Ministry of Migration and Asylum - for official information on Golden Visa and residence permits.
• The Decentralized Administration of the Aegean - for local administrative support in Fira and Santorini.
• Local bar associations or law societies - for referrals to qualified lawyers specializing in immigration and investment law.
• The Hellenic Ministry of Foreign Affairs - for guidance on long-term residency and citizenship applications.
• Certified Real Estate Agencies operating in Fira - for assistance with property searches and transactions.

Next Steps

If you are considering applying for residency or eventual citizenship through investment in Fira, Greece, consider the following steps:

• Consult with a qualified lawyer experienced in Greek immigration and property law, preferably one familiar with the local landscape in Fira and the wider Cyclades region.
• Assess your eligibility and gather all required documents with professional help.
• Identify reputable real estate opportunities, ensuring diligent checks on title, ownership, and compliance with local laws.
• Work closely with both legal and financial advisors to address tax planning and investment structuring suitable to your needs.
• Prepare your application thoroughly, ensuring no missing documents or legal requirements are overlooked.
• Stay informed about any legislative changes to Greek residency and citizenship laws during the application and residency period.

A legal professional can guide you through each phase, providing clarity, reducing risks, and maximizing your prospects of a successful application. Early engagement with an expert increases your ability to make informed decisions and navigate complex requirements.