Best Golden Visa Lawyers in Kalamata

About Golden Visa Law in Kalamata, Greece

The Greek Golden Visa Program is an initiative by the Greek government that grants long-term residence permits to non-EU nationals who invest in real estate or other qualifying assets in Greece. Kalamata, located in southern Greece, has become an attractive destination for individuals and families seeking the advantages of the Golden Visa due to its stunning landscapes, Mediterranean lifestyle, and investment opportunities. By investing a minimum required sum in real estate within Kalamata, applicants and their immediate family members can receive a five-year renewable residence permit with the freedom to travel throughout the Schengen Area.

Why You May Need a Lawyer

Applying for the Greek Golden Visa in Kalamata involves intricate legal, financial, and administrative procedures. Here are some common reasons why engaging a lawyer can be beneficial:

• Property Due Diligence: Ensuring the property is free of encumbrances, liens, or legal disputes before purchase.
• Compliance: Confirming that your investment meets all legal requirements for eligibility.
• Documentation: Collecting and submitting the correct documents, including translations and certifications.
• Negotiation: Handling negotiations with sellers and drafting purchase agreements.
• Application Process: Assisting with the complexities of the residency application, including communication with immigration authorities.
• Renewals and Family Reunification: Guiding on renewal procedures and including family members in the permit.
• Tax and Inheritance Planning: Advising on the Greek tax implications of your residency and property ownership.

Local Laws Overview

Kalamata, being part of Greece, is subject to national laws governing the Golden Visa program. Key aspects relevant to Golden Visa in Kalamata include:

• Investment Thresholds: The minimum investment amount is usually 250,000 EUR in real estate. Some prime areas may have different thresholds.
• Property Registration Laws: All purchases must be registered with the land registry and comply with local zoning regulations.
• Application Procedures: Applications are typically submitted at the Decentralized Administration of Peloponnese in Kalamata or other designated authorities.
• Taxation: Foreign investors are subject to property taxes and must register for a Greek tax number (AFM).
• Renewal Requirements: Residency permits are valid for five years and can be renewed as long as the investment is maintained.
• Schengen Travel: The permit allows unrestricted travel within the Schengen Zone, but does not grant work rights in Greece.

Frequently Asked Questions

What is the minimum amount I need to invest in Kalamata to qualify for a Golden Visa?

The general minimum investment required in real estate for a Golden Visa in Kalamata is 250,000 EUR, excluding taxes and fees.

Can I buy more than one property to reach the minimum investment threshold?

Yes, you can purchase multiple properties as long as their combined value meets or exceeds the minimum investment requirement.

Do I have to live in Kalamata permanently to maintain my Golden Visa?

No, there is no minimum stay requirement. You only need to maintain your investment to keep your residency permit valid.

Can my family members also obtain residency through my investment?

Yes, your spouse, children under 21, and dependent parents of both spouses can be included under your Golden Visa application.

Does the Golden Visa allow me to work in Greece?

No, the Golden Visa provides residency and travel rights within Schengen countries but does not authorize employment in Greece.

How long does it take to obtain a Golden Visa in Kalamata?

Processing times vary, but the application is generally completed within two to six months from submission, provided all documentation is complete.

Are there any ongoing costs after I receive my Golden Visa?

Yes, you are responsible for property taxes, insurance, and any legal fees related to renewals. You must also renew your permit every five years.

What taxes will I have to pay as a property owner in Kalamata?

You will be liable for property transfer tax, annual property tax (ENFIA), and potentially rental income tax if you let the property.

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

Yes, you are permitted to rent out your property, including short-term rentals, provided you comply with local regulations.

What happens if I want to sell my property before five years?

Selling your property will lead to the loss of eligibility for your Golden Visa, unless you reinvest in another qualifying property.

Additional Resources

For further information or guidance, consider consulting the following:

• Greek Ministry of Immigration and Asylum - Responsible for immigration policy and residence permit issuance.
• Decentralized Administration of Peloponnese - Processes local Golden Visa applications in Kalamata.
• Local Bar Associations and Law Firms - Professional legal support for transactions and residency matters.
• Greek Notary Publics - Crucial for real estate purchases and contract authentication.
• Municipality of Kalamata - Provides local information on property and business regulations.

Next Steps

If you are considering applying for the Golden Visa in Kalamata or have encountered issues with the process, take these initial steps:

• Consult a Specialized Lawyer: Seek a lawyer with experience in Greek immigration and real estate law. They can perform due diligence and support your application.
• Prepare Your Financial Documents: Gather proof of funds, property documentation, and personal identification.
• Engage a Local Notary: For real estate transactions, notary involvement is mandatory.
• Contact Local Authorities: Verify the latest requirements and procedures, as regulations may occasionally change.
• Plan for Ongoing Compliance: Keep records of your investment and contact a tax advisor if needed for your new residency status.

Taking these actions with professional legal assistance will help ensure a smooth and successful application for the Golden Visa in Kalamata, Greece.