Best Citizenship by Investment Lawyers in Rhodes

About Citizenship by Investment Law in Rhodes, Greece

Citizenship by Investment (CBI) is a legal process that allows foreign nationals to obtain citizenship or residency rights through significant financial contributions to a country. While Greece offers various options for residency by investment, primarily through its Golden Visa Program, obtaining full Greek citizenship directly through investment is not customary under Greek law. The process typically begins with acquiring a residence permit via property purchase or other investments, with the opportunity to apply for citizenship after meeting specific residency and integration requirements. In Rhodes, a popular Greek island, many international investors are attracted by the lifestyle benefits and property opportunities associated with the Golden Visa scheme.

Why You May Need a Lawyer

Navigating Citizenship by Investment or residency programs in Rhodes can be complex due to evolving laws, bureaucratic procedures, and language barriers. Common situations that require legal assistance include:

• Understanding the eligibility requirements for Greece's Golden Visa or possible citizenship pathways
• Managing property purchases and ensuring the transaction complies with local laws
• Verifying the legitimacy of investment opportunities and avoiding scams
• Dealing with Greek immigration authorities and preparing all required documentation
• Handling the application process and responding to requests for additional information
• Facilitating family member applications for residency or citizenship
• Seeking advice on tax implications, inheritance, and asset protection related to your investment

An experienced lawyer can simplify the process, safeguard your investment, and increase the likelihood of a successful application.

Local Laws Overview

Greece's Citizenship by Investment policy is largely rooted in its residency by investment (Golden Visa) program, rather than straightforward citizenship by direct investment. The key aspects of relevant laws are as follows:

• The Greek Golden Visa grants a five-year renewable residence permit to non-EU citizens who make qualifying investments, most commonly real estate purchases of at least 250,000 euros.
• Residency does not automatically grant the right to work, but it provides visa-free travel within the Schengen Area.
• Permanent residency can be maintained as long as the investment is retained.
• Application for Greek citizenship typically requires at least seven years of residency, proof of integration into Greek society, and language proficiency.
• Applicants should ensure compliance with anti-money laundering regulations and be prepared to provide proof of funds' provenance.
• Tax obligations may arise for residents, so comprehensive financial planning is recommended.
• Greek property law can vary on islands like Rhodes, making local expertise valuable.

Always verify requirements and procedures with updated government policies, as regulations can change.

Frequently Asked Questions

What is the Golden Visa program in Greece?

The Golden Visa is a residency by investment scheme that allows non-EU nationals to acquire a renewable residence permit in Greece through qualifying investments, primarily real estate.

Is it possible to obtain Greek citizenship directly through investment?

No, Greece does not offer immediate citizenship solely through investment. You can secure residency with investment and later apply for citizenship after living in Greece and meeting additional criteria.

What is the minimum real estate investment required for the Golden Visa in Rhodes?

The minimum property investment threshold is typically 250,000 euros, though certain locations or policy changes may affect this amount. Always confirm current requirements before proceeding.

Can my family members benefit from my Golden Visa investment?

Yes, the primary applicant's spouse, children under 21, and in some cases dependent parents can apply for residence permits under the investor's application.

Do I have to live in Rhodes or Greece after obtaining the Golden Visa?

No, residence in Greece is not mandatory to maintain your permit, but continuous residency is required if you later wish to apply for citizenship.

How long does it take to process a Golden Visa application?

Processing times can vary, but generally, it takes two to six months from submitting a complete application to receiving the residence permit.

What are the language or integration requirements during the application?

There are no integration tests for the Golden Visa itself, but applying for citizenship after the required residency period involves demonstrating Greek language proficiency and integration.

What are the main legal risks involved in CBI or Golden Visa investments?

Risks include issues with property ownership, non-compliance with legal requirements, changing government policies, and potential investment scams. Hiring a qualified lawyer mitigates these risks.

Does the Golden Visa permit allow me to work in Greece?

The residence permit gained through the Golden Visa does not confer the right to work as an employee in Greece, but you may manage your investments or operate a business.

Are there tax consequences when holding residency in Rhodes, Greece?

You may be subject to Greek tax obligations depending on your tax residency status and income sources. Seek professional legal and tax advice before investing.

Additional Resources

Several resources can assist those considering Citizenship or Residency by Investment in Rhodes, Greece:

• Greek Ministry of Migration and Asylum - for official requirements and updates on the residency program
• Hellenic Police (Immigration Division) - for residency cards and immigration procedures
• Greek Bar Association - for finding qualified legal professionals experienced in investment and immigration law
• Local Chamber of Commerce in Rhodes - for business investment information
• Certified Greek real estate agents - for compliant property searches and transactions

Next Steps

If you are considering Citizenship by Investment or the Greek Golden Visa in Rhodes, follow these steps:

1. Consult with a licensed and reputable lawyer experienced in immigration and investment law in Greece.
2. Discuss your eligibility, goals, and all available investment options.
3. Ask your lawyer to perform due diligence on proposed investment properties or opportunities.
4. Prepare the required documents, including proof of funds and identity.
5. Submit your application through the proper Greek authorities with your lawyer’s guidance.
6. Monitor your application’s progress and respond promptly to any requests for additional information.
7. Keep informed of any updates to program requirements or legal regulations affecting your residency or future citizenship process.

Working with skilled legal professionals can help you navigate Greek bureaucracy, protect your investments, and improve the overall success of your Citizenship by Investment journey in Rhodes.