Best Golden Visa Lawyers in Heraklion

About Golden Visa Law in Heraklion, Greece

The Golden Visa program in Greece is a residency-by-investment initiative that grants a five-year residency permit to non-EU citizens in exchange for an investment in real estate properties within the country. This program has been widely embraced by foreign investors due to its straightforward process and several benefits, including the ability to live and travel within the Schengen Zone. Heraklion, located on the island of Crete, is a popular destination due to its rich history, stunning landscapes, and growing economy, making it an attractive location for Golden Visa applicants.

Why You May Need a Lawyer

Engaging a lawyer is crucial for various reasons when seeking a Golden Visa in Heraklion, Greece:

• Understanding the legal intricacies of the program and ensuring compliance with all requirements.
• Assisting in navigating the local real estate market and securing a valid investment property.
• Providing guidance on tax implications and financial planning related to the investment.
• Ensuring all documentation is correctly prepared and submitted in a timely manner.
• Representing you in dealings with local authorities and addressing any legal impediments.
• Offering ongoing legal support during the residency period, which is vital when dealing with renewals or additional legal requirements.

Local Laws Overview

The Greek Golden Visa program is governed by several key regulations:

• Investment Amount: The minimum investment required for residential property is €250,000, which must be fully paid and documented.
• Property Ownership: The investment can be made individually or through a legal entity if certain conditions are met.
• Residency Requirements: There are no strict residency conditions; however, holders must renew the permit every five years.
• Family Inclusion: Residency rights extend to the main applicant's family, including spouse and children, under specific conditions.
• Legal Compliance: The investment must comply with local zoning and property laws, necessitating careful legal oversight.
• Renewal Procedures: Renewal requires proof of sustained investment and compliance with all other residency conditions.

Frequently Asked Questions

What is the minimum investment needed for the Golden Visa?

The minimum investment is €250,000 in real estate in Greece.

Can the Golden Visa be renewed?

Yes, the Golden Visa can be renewed every five years as long as the investment is maintained.

Is it necessary to live in Greece to maintain the Golden Visa?

No, there is no required minimum stay in Greece to maintain the Golden Visa.

Can family members be included in the Golden Visa?

Yes, spouses and children under 21 can be included in the Golden Visa application.

Are there any taxes on the property purchased for the Golden Visa?

Yes, property purchases are subject to local taxes, which a lawyer can help navigate.

What types of properties qualify for the Golden Visa?

Both residential and commercial properties meet the criteria if they meet the investment threshold.

Can I rent out my property purchased under the Golden Visa?

Yes, properties acquired through the Golden Visa can be rented out, generating rental income.

Do I need to know Greek to apply for the Golden Visa?

No, knowing Greek is not necessary for the application, but legal documents will need translation and legal verification.

How long does it take to process the Golden Visa?

The processing time for a Golden Visa application usually ranges from 2 to 4 months.

What happens if I sell the property?

Selling the property affects the residence permit; you will need to reinvest in qualifying real estate to maintain the visa.

Additional Resources

Several resources and organizations can assist with obtaining a Golden Visa in Heraklion:

• Greek Ministry of Immigration and Asylum: The official government body overseeing immigration policy.
• Local Real Estate Agencies: Agencies experienced in dealing with international investors can offer property insights.
• Law Firms Specializing in Immigration: Many firms offer comprehensive guidance throughout the Golden Visa process.
• Expatriate Forums and Networks: Online communities can provide personal insights and recommendations.

Next Steps

If you wish to proceed with obtaining a Golden Visa in Heraklion, consider the following steps:

• Consult a lawyer specializing in immigration and property law to assess your eligibility and outline the process.
• Engage a real estate professional with a deep understanding of the Heraklion market to identify suitable investments.
• Begin gathering necessary documentation, including investment proof, identity verification, and legal documentation.
• Submit your application to the relevant Greek authorities, ensuring all legal requirements are met with your lawyer's assistance.
• Plan for potential tax obligations and financial arrangements related to your property and investment.

By following these steps and utilizing expert legal advice, you can effectively navigate the Golden Visa application process in Heraklion, Greece.