Best Residence by Investment Lawyers in Drama

About Residence by Investment Law in Drama, Greece

Residence by Investment, commonly known as the Golden Visa program, is a legal pathway that allows non-European Union (EU) citizens to acquire residency rights in Greece through investment. Drama, located in Northern Greece, participates in this national program that has been in effect since 2013. Investing in real estate or other qualifying assets in Drama grants eligible individuals and their families a renewable five-year residence permit. This process is centrally legislated but implemented locally, making it important to understand how national laws apply to the specific region of Drama.

Why You May Need a Lawyer

Engaging a qualified lawyer is highly recommended when pursuing Residence by Investment in Drama, Greece. Here are some common reasons:

• Navigating Complex Regulations: Greek immigration law is intricate, and regional specifics in Drama may affect your application.
• Document Preparation and Translation: A lawyer ensures that required documents are accurate, properly authenticated, and correctly translated into Greek.
• Due Diligence: Investing in real estate or other assets requires thorough legal checks to avoid potential scams or disputes.
• Application Submission: Lawyers can efficiently handle communications with local authorities, minimizing administrative delays.
• Family Inclusion: Legal professionals advise on including family members in your application and managing dependencies.
• Compliance and Renewals: Ensuring compliance with ongoing requirements for residency renewal is crucial, especially for property maintenance and lawful presence.

Local Laws Overview

While Residence by Investment in Greece is governed by national legislation (notably Law 4251/2014 and its amendments), several local factors in Drama are relevant:

• Minimum Investment: As of 2024, the minimum real estate investment remains 250,000 euros in Drama, making it more accessible than some regions with higher thresholds.
• Property Regulations: Real estate purchases must be legally registered at the local land registry, and certain areas near borders or of environmental concern may require additional approvals.
• Civil Law Procedures: All contracts and legal documents must be executed according to Greek civil law. Notaries and lawyers based in Drama are often needed to ensure compliance.
• Tax Obligations: Foreign investors must register for a Greek tax identification number and may be subject to property and income taxes.
• Municipal Procedures: Municipality offices in Drama process residence permits and may informally require extra documentation or local representation.

Frequently Asked Questions

What is the minimum investment required for a Golden Visa in Drama, Greece?

The minimum real estate investment required in Drama is 250,000 euros, which is the same as most areas outside Athens and Thessaloniki.

Can my family be included in the application?

Yes, your spouse, children under 21, and in some cases, dependent parents of the main applicant or spouse can be included.

Do I have to live in Drama after getting the residence permit?

No, there is no minimum stay requirement. You are not obliged to live in Drama or anywhere in Greece, but you must maintain your investment.

How long does the application process take?

Processing times are typically 3 to 6 months, depending on document preparation and local authority workloads in Drama.

What types of properties are eligible?

Residential and commercial properties, as well as land plots, can qualify, provided the total investment meets the minimum threshold and local zoning restrictions are respected.

Can I rent out the property I buy?

Yes, you are allowed to lease your property, which can provide a source of income while holding a residence permit.

Does my residence permit allow me to work in Greece?

The standard Golden Visa does not entitle holders to work as employees in Greece but allows business activities and income from self-owned properties.

Is the residence permit renewable?

Yes, the permit is renewable every five years, provided you maintain ownership of the qualifying investment.

Does a Golden Visa in Drama lead to citizenship?

Residence by Investment can be a pathway to citizenship after seven years of continuous legal residence, but additional criteria, including language proficiency, must be met.

What if my application is refused?

If your application is denied, you have the right to appeal. A legal expert in Drama can guide you through this process to rectify issues and reapply.

Additional Resources

The following resources can provide valuable assistance and information regarding Residence by Investment in Drama, Greece:

• Greek Ministry of Migration and Asylum - Provides official information on residence permits.
• Hellenic Police (Aliens Bureau) - Handles local residence permit applications.
• Greek Notary Association - Helps identify licensed notaries in Drama for property transactions.
• Greek Bar Association - Useful for finding qualified lawyers with experience in immigration law.
• Chamber of Commerce of Drama - Offers support for business-related investments and networking.

Next Steps

If you are considering Residence by Investment in Drama, Greece, here is how you can proceed:

1. Research and identify your preferred type of investment, such as residential property or business assets in Drama.
2. Consult a specialized lawyer in Drama who understands both the local context and the specifics of Greek immigration law.
3. Arrange for a property visit or business evaluation, keeping in mind the legal requirements for investment and documentation.
4. Gather necessary paperwork, such as proof of funds, background checks, and legal translations, with your lawyer’s assistance.
5. Proceed with your investment, ensuring contracts are reviewed and registered in compliance with local law.
6. Submit your Golden Visa application through the appropriate local authorities, with the guidance of your lawyer.
7. Follow up on the application status, address any further requirements, and prepare for your residency in Drama or elsewhere in Greece.

Having competent legal support can safeguard your interests and streamline your journey toward securing residence by investment in Drama, Greece.