Best Citizenship by Investment Lawyers in Paros

About Citizenship by Investment Law in Paros, Greece

Citizenship by Investment (CBI) refers to programs that allow individuals to obtain citizenship of a country by making significant financial investments. In Greece, and specifically in Paros, there is currently no direct Citizenship by Investment program. Instead, Greece offers the Golden Visa program, which grants residency status - not immediate citizenship - to third-country nationals who invest in real estate or other qualifying assets. While this program does not provide citizenship outright, it serves as a pathway to permanent residency with the possibility of applying for naturalization after several years of legal residence and meeting other requirements. Understanding the distinction between investment-based residency and citizen status is vital for anyone exploring options in Paros.

Why You May Need a Lawyer

Navigating the legal and regulatory requirements of residency by investment or pursuing eventual citizenship in Greece can be complex. You may need a lawyer in scenarios such as:

• Evaluating your eligibility for the Greek Golden Visa program
• Ensuring your real estate purchase or financial investment meets program criteria
• Assisting with paperwork, document verification, and translations
• Understanding taxation, inheritance, and property laws in Paros
• Addressing challenges or obstacles with authorities or financial institutions
• Applying for naturalization after years of residency
• Ensuring compliance with evolving regulations and local laws
• Advising on family member inclusion and their rights under your investment
• Representation in case of legal disputes or refusal of application

Local Laws Overview

The most relevant law for investment-based residency in Greece is Law 4251/2014, known as the Immigration and Social Integration Code, which governs the Greek Golden Visa scheme. Key aspects for applicants in Paros include:

• Minimum investment of 250,000 euros in real estate to qualify for a five-year residence permit
• Ownership of property can be in person or via a legal entity wholly owned by the investor
• Residence permit renewal is permitted so long as the investment is maintained
• Permit holders can reside and travel freely throughout the Schengen Area
• The program does not automatically grant citizenship or a Greek passport, but after seven years of continuous legal residence, eligible individuals may apply for naturalization
• Applicants must not have a criminal record
• Compliance with local building, zoning, and tax regulations is crucial in Paros
• Family members can be included in the application, subject to specific definitions and conditions

Frequently Asked Questions

What is the Greek Golden Visa program?

The Greek Golden Visa program offers residence permits to non-EU citizens who make qualifying real estate or financial investments in Greece, providing a route to legal residence for themselves and their close family.

Can I obtain Greek citizenship directly through investment in Paros?

No, Greece does not offer direct citizenship through investment. The Golden Visa grants residency, and after several years you may apply for citizenship via naturalization, subject to fulfilling residency and other requirements.

How much do I need to invest in Paros to qualify for the Golden Visa?

You must invest at least 250,000 euros in one or more real estate properties in Paros or elsewhere in Greece to qualify.

Are there any additional fees or costs involved?

Yes, applicants should account for legal fees, government application charges, property taxes, notary costs, and agent commissions, in addition to the investment itself.

Can members of my family be included in my application?

Yes, spouses, children under 21, and the parents of either spouse may qualify for residence under the principal applicant’s permit.

How long does the application process typically take?

Once all documentation and investment are complete, the process generally takes three to six months, though timing can vary based on individual circumstances and public authority workloads.

Do I need to live in Greece or Paros to maintain my residence permit?

No, there is currently no minimum stay requirement to retain your Greek Golden Visa residency, as long as the investment is maintained.

Can I work in Greece with a Golden Visa?

The residence permit does not provide the right to work or engage in economic activity as an employee, but you may establish a business or manage your property investments.

What are the requirements for naturalization after obtaining residency?

Naturalization typically requires at least seven years of continuous legal residence, proof of integration into Greek society, knowledge of Greek language and culture, and a clean legal record.

Why should I consult a lawyer for my application?

Local lawyers offer expertise in Greek property, immigration, and tax law, ensuring your rights are protected, documents are properly prepared, and your application is compliant with all legal requirements.

Additional Resources

Individuals considering investment-based residency and eventual citizenship in Paros may benefit from the following resources:

• Greek Ministry of Migration and Asylum: For official guidelines and program updates
• Hellenic Police Aliens Directorate: For information on residence permits
• Public Notaries and Land Registries in Paros: For property transactions and deed registration
• Greek Conslate or Embassy: For information on visa applications and documentation abroad
• Local bar associations and legal directories: To find qualified lawyers in Paros and the Cyclades
• Certified translation services: For the official translation of personal and investment documents

Next Steps

If you are considering a move to Paros under Greece’s investment-based residency program, your next steps should include:

• Consult an experienced immigration or property lawyer familiar with Paros and the Greek Golden Visa program
• Asses your eligibility and ensure your finances meet the investment threshold
• Conduct thorough due diligence on the local property market in Paros
• Gather necessary personal and financial documents
• Engage a reputable real estate agent and notary for transactions
• Submit your application and investment under legal supervision
• Monitor changes in Greek laws and regulatory requirements