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About Golden Visa Law in Megara, Greece

The Golden Visa program in Greece is a popular residency-by-investment program that allows non-European Union nationals to obtain a five-year residency permit by investing in Greek real estate. Megara, a historic city located just west of Athens, is part of the wider Attica region and presents attractive options for potential investors due to its proximity to the capital, beautiful landscapes, and growing real estate market. Through the Golden Visa, investors and their immediate family members can live, travel, and study in Greece and within the Schengen area without the requirement of minimum physical presence in the country.

Why You May Need a Lawyer

Navigating the Golden Visa process can be complex, and several situations call for professional legal assistance:

  • Understanding the eligibility requirements and investment thresholds.
  • Conducting due diligence on potential real estate properties in Megara.
  • Drafting and reviewing contracts and agreements (purchase, lease, etc.).
  • Ensuring compliance with local and national laws governing real estate transactions and immigration.
  • Handling the application process with Greek authorities.
  • Resolving disputes or uncertainties relating to property ownership, title deeds, or shared ownership structures.
  • Assisting with renewals, family reunification, or applying for Greek citizenship in the future.

Local Laws Overview

The Golden Visa program is regulated at a national level, but local laws and procedures in Megara may affect your investment. Key aspects include:

  • The required minimum property investment is 250,000 euros, and payment must be completed before applying for the visa.
  • All real estate transactions must be registered with the local land registry office in Megara.
  • Buyers must obtain a Greek Tax Identification Number and open a bank account in Greece.
  • Foreign investors must ensure that the property they intend to purchase is free of encumbrances and legal complications.
  • The Golden Visa residency permit allows free travel within the Schengen zone but does not grant automatic access to public social services or employment without further permits.
  • Properties in areas designated as ‘forests’ or ‘archaeological sites’ may have additional restrictions or require special permits.

Frequently Asked Questions

What is the minimum investment required to apply for a Golden Visa in Megara?

The minimum investment currently stands at 250,000 euros for property acquisitions in Megara and most of Greece, payable in full before the application process begins.

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

Yes, you can combine multiple properties in Megara or elsewhere in Greece to meet or exceed the 250,000 euro minimum investment requirement.

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

No, the Golden Visa provides residency rights but does not automatically grant permission to work in Greece. Separate permits are required for employment.

How long does the application process take?

The process typically takes from three to six months, depending on the completeness of your documentation and the specific case circumstances.

Can my family join me under the Golden Visa scheme?

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

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

No, there is no minimum stay requirement to maintain your residency. You may reside outside Greece if you wish.

Can I rent out my property after purchase?

Yes, the Greek Golden Visa program permits investors to rent out their property for additional income, subject to local regulations.

Will I be eligible for Greek citizenship through the Golden Visa?

The Golden Visa itself does not guarantee citizenship, but after seven years of continuous legal residence, you may apply for naturalization if other conditions are met.

Are there any restrictions on resale of the property?

You may resell the property at any time. However, if you sell it before the residency permit is renewed, you may lose your right to retain the Golden Visa unless you reinvest.

What documents are required for the application?

Required documents typically include a valid passport, proof of property purchase, insurance, marriage and birth certificates for family members, and proof of funds.

Additional Resources

For further guidance and up-to-date information, consider consulting:

  • The Greek Ministry of Migration and Asylum - for official guidelines on the Golden Visa program.
  • The local Land Registry office in Megara - for property registration and verification.
  • The Greek Tax Office - for matters related to tax number and property taxation.
  • Local bar associations - for finding accredited lawyers specializing in immigration and real estate law.

Next Steps

If you are considering applying for a Golden Visa in Megara, Greece, the recommended course of action is:

  • Consult with a specialized lawyer who has experience with Golden Visa applications and real estate transactions in Megara.
  • Gather your documentation, including identification, proof of funds, and property details.
  • Conduct due diligence on potential properties to ensure legal clarity and suitability.
  • Work closely with your legal representative to prepare and file your application with the authorities.
  • Monitor the status of your application and respond promptly to any requests for additional information from Greek authorities.

Seeking qualified legal advice can help you avoid complications and streamline the process for a successful Golden Visa application in Megara.

Lawzana helps you find the best lawyers and law firms in Megara through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Golden Visa, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Megara, Greece - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.