Best Residence by Investment Lawyers in Agios Ioannis Rentis

About Residence by Investment Law in Agios Ioannis Rentis, Greece

Residence by Investment, often referred to as the Greek Golden Visa Program, allows non-EU citizens and their families to acquire residency rights in Greece by investing in local real estate or making other qualifying investments. Agios Ioannis Rentis, located within the Athens metropolitan area, is an emerging urban zone known for its accessibility, evolving infrastructure, and strategic value for real estate investments. This program is governed by national legislation but is administered and applied locally, which means understanding both national and municipal regulations is essential for successful application and ongoing compliance.

Why You May Need a Lawyer

While the Greek Residence by Investment program is relatively straightforward on paper, actual application and compliance require detailed knowledge and vigilance. You may need a lawyer in the following situations:

• If you are unfamiliar with Greek property laws and need guidance to avoid common pitfalls when purchasing real estate in Agios Ioannis Rentis.
• If you wish to ensure that your investment qualifies for the program and meets all the latest governmental requirements.
• To help navigate the bureaucracy associated with residence permits, including form submission, translations, and documentation certification.
• To review and negotiate contracts to safeguard your legal and financial interests.
• If you encounter delays or difficulties during the process, such as rejections, missing documents, or disputes with sellers or local authorities.
• If you plan to bring family members under your residency application, which may require additional paperwork and legal steps.
• To stay informed about changes in relevant legislation that could affect your residency rights or responsibilities.

Local Laws Overview

In Agios Ioannis Rentis, as with the rest of Greece, the Residence by Investment program is primarily governed by Law 4251/2014, Article 20 B, and subsequent amendments. Here are the most relevant points:

• Minimum Real Estate Investment: To qualify, you must invest at least 250,000 euros in real estate property. This applies to both residential and commercial properties in Agios Ioannis Rentis.
• Property Ownership: Ownership can be individual or through a legal entity, provided the applicant holds all shares.
• Family Members: Spouses, unmarried partners (if recognized under Greek law), children under 21, and dependent parents can typically be included in your application.
• Application Process: Local authorities in the Athens region, including Agios Ioannis Rentis, administer the residence permit application through local migration offices. Successful applicants receive a five-year residency, renewable as long as the investment is maintained.
• Due Diligence: Legal due diligence is crucial, as title searches, checks for encumbrances, and verification of permits are conducted under Greek and local law.
• Taxes and Fees: You must comply with Greek tax rules on ownership and property transactions, including payment of VAT or transfer taxes and declaration of property assets.
• Permanent Residency and Citizenship: The Golden Visa provides residency but not citizenship. Separate criteria apply for permanent residency or naturalization after a certain period.

Frequently Asked Questions

What is the minimum investment required for the Golden Visa in Agios Ioannis Rentis?

The minimum real estate investment required is 250,000 euros. This can be met by purchasing one or more properties in Agios Ioannis Rentis or elsewhere in Greece.

Can I include my family in my Golden Visa application?

Yes, you can include your spouse, children under 21, and dependent parents for both you and your spouse. Each family member will need to submit specific supporting documents.

Do I need to live in Greece to maintain my residency?

No, the Greek Golden Visa does not require continuous physical presence in Greece. However, you must maintain ownership of the investment property.

How long does the application process take?

Once all documents are submitted, the process usually takes between two and six months, depending on administrative workload and the completeness of your files.

Can I rent out the property I purchase?

Yes, you are allowed to rent out your property in Agios Ioannis Rentis, and rental income can be declared according to Greek tax law.

Does this program lead directly to Greek citizenship?

No, the Golden Visa provides a renewable five-year residency. Citizenship requires legal residence and fulfilling additional residency and language requirements.

Do I need to pay taxes in Greece if I acquire a residence permit?

Owning property in Greece makes you liable for property taxes and any income derived from local assets, but not necessarily for global income unless you become a tax resident.

What kind of properties can qualify for investment?

Both residential and commercial properties qualify, as long as the total investment meets or exceeds the 250,000 euro threshold and proper title documents are provided.

Can I buy property through a company?

Yes, but you must be the sole shareholder of the company, which must be based in Greece or another EU country.

Is legal representation mandatory for the process?

Legal representation is not mandatory by law but is highly recommended. A qualified lawyer can avoid costly mistakes and help ensure a smooth process.

Additional Resources

If you are seeking legal advice or more information on the Residence by Investment program in Agios Ioannis Rentis, these resources may be helpful:

• Greek Ministry of Migration and Asylum - for official guidance on Golden Visa requirements
• Decentralized Administration of Attica - local office handling residence permit applications
• Greek Property Registry (Ktimatologio) - for property title checks and registrations
• Hellenic Association of Realtors - for trusted property agents in Agios Ioannis Rentis
• Local Bar Association of Piraeus - to find licensed lawyers specializing in real estate or immigration

Next Steps

If you are considering or ready to start your Residence by Investment journey in Agios Ioannis Rentis, follow these steps for best results:

• Research your investment options in Agios Ioannis Rentis and shortlist potential properties.
• Consult with a licensed local lawyer who specializes in real estate and immigration law to guide you through the buying and application process.
• Prepare all necessary documentation, including proof of funds, property contracts, and background checks.
• Begin the property purchase process with legal representation to conduct due diligence, draft contracts, and handle completion.
• Submit your Golden Visa application with the help of your lawyer, ensuring all documentation is accurate and complete.
• Stay in contact with your lawyer for ongoing compliance and updates in Greek migration or property law that could affect your residency status.

Taking a proactive and informed approach, supported by trusted legal guidance, will help you enjoy all the benefits of Residence by Investment in Agios Ioannis Rentis while minimizing risk and uncertainty.