Best Golden Visa Lawyers in Paros

About Golden Visa Law in Paros, Greece

The Golden Visa program in Greece allows non-European Union citizens and their families to obtain a five-year renewable residence permit by making a qualifying investment in Greek real estate. Paros, a popular and scenic island in the Cyclades, has become an attractive destination for Golden Visa investors due to its beautiful landscapes, vibrant culture, and investment potential. Through this scheme, successful applicants gain the right to live in Greece, travel within the Schengen Area, and eventually become eligible for permanent residency or citizenship if certain conditions are met.

Why You May Need a Lawyer

Securing a Golden Visa in Paros, Greece, can involve complex legal, property, and immigration processes. Common situations where legal help is needed include understanding eligibility requirements, conducting due diligence on property purchases, navigating local property laws, handling tax compliance, ensuring the correct and complete submission of documents, and resolving any issues should your application be denied or queried. A qualified lawyer can also provide crucial support with translations, contract negotiations, and representation with Greek authorities, ensuring a smooth and transparent Golden Visa process.

Local Laws Overview

To obtain a Golden Visa in Paros, an applicant must invest at least 250,000 euros in one or more real estate properties. This investment must be clear of any legal or financial encumbrances to be eligible. The law also allows for joint investments, provided each party invests the minimum required amount. Local zoning, building regulations, and property ownership laws in Paros can impact the type of properties available for investment. Additionally, investors must comply with Greek tax laws and annual obligations related to property ownership. The residence permit is initially valid for five years and is renewable as long as the investment is maintained.

Frequently Asked Questions

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

You must invest at least 250,000 euros in real estate in Paros or elsewhere in Greece to qualify for the Golden Visa program.

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

Yes, you can combine more than one property as long as the total investment meets or exceeds 250,000 euros.

Does the Golden Visa grant Greek citizenship?

No, the Golden Visa program grants residency rights. Citizenship may be possible through a separate naturalization process subject to additional requirements, such as continuous legal residence.

Are family members included in my Golden Visa application?

Yes, your spouse, children under 21, and sometimes dependent parents can be included under your Golden Visa residence permit.

Do I need to live in Paros or Greece full-time to maintain my Golden Visa?

No, there is no requirement for residence in Greece. You must simply maintain ownership of the investment property.

Is income generated from my Greek property taxable in Greece?

Yes, income from property in Greece is subject to Greek taxation, typically including rental income and capital gains upon sale.

What happens if I sell my investment property?

If you sell the property before renewing your residence permit or before gaining permanent residency or citizenship, you lose your eligibility for the Golden Visa.

How long does the Golden Visa application process usually take?

The process generally takes two to six months after full document submission and property registration, but timelines can vary.

Can I finance my property purchase with a mortgage?

The minimum investment of 250,000 euros must be from your own funds. Mortgages are generally not allowed to count towards the qualifying investment amount.

What types of properties qualify for the Golden Visa in Paros?

Both residential and commercial properties, including plots of land, qualify as long as the value meets the threshold and is legally permitted for purchase.

Additional Resources

For more guidance and support, consider the following resources: - Greek Ministry of Migration and Asylum: Official body overseeing the Golden Visa program - Hellenic Land Registry: For property and ownership checks in Paros - Local Notary Public offices: Essential for contract execution and property transfers - Greek Bar Association: To find qualified lawyers experienced in Golden Visa matters - Local real estate agents in Paros: For property listings and market insights

Next Steps

If you are considering applying for a Golden Visa in Paros, start by consulting a licensed lawyer specializing in immigration and real estate law in Greece. Begin by gathering all necessary documents, including proof of funds and identification. Work with a reputable real estate agent to identify eligible properties, and instruct your lawyer to conduct due diligence. Ensure all transactions are well documented and comply with Greek regulations. After purchasing your property, submit your Golden Visa application through the appropriate authorities with your lawyer’s assistance. Plan for ongoing compliance, including renewals and tax obligations. Seeking professional legal advice is essential to safeguard your investment and secure your residency rights in Greece.