Best Residence by Investment Lawyers in Kalamata

About Residence by Investment Law in Kalamata, Greece

Residence by Investment, commonly referred to as the Greece Golden Visa program, allows non-EU, non-EEA citizens to obtain a renewable five-year residence permit in Greece by making a qualifying investment. Kalamata, located in the southern Peloponnese, is an increasingly popular location for property investment due to its beautiful coastline, authentic Greek charm, and high quality of life. The most common method of qualifying in Kalamata is through the purchase of residential or commercial real estate. This route offers a pathway not only to residency for the main applicant but also for their immediate family members.

Why You May Need a Lawyer

While the process of applying for residence by investment in Kalamata may seem straightforward, there are complex legal and administrative steps involved. A lawyer can help with:

• Reviewing and verifying property titles to ensure there are no legal disputes or encumbrances
• Drafting and reviewing purchase agreements and other legal documents
• Navigating the Greek bureaucracy and submitting the required documents correctly to avoid delays or rejections
• Ensuring compliance with both national and local regulations, including tax matters
• Representing investors when they cannot be present in Greece
• Assisting with renewals, family reunification applications, and eventual citizenship petitions
• Protecting client interests during negotiations with sellers or agents

Local Laws Overview

Key aspects of local laws regarding residence by investment in Kalamata include:

• The minimum property investment required is currently 250,000 euros, either for a single property or as the total amount across multiple properties in designated areas.
• Investors must purchase property through a notarial deed and register the property with the local Land Registry or Cadastral Office in Kalamata.
• The Golden Visa provides the right to reside in Greece but does not grant the right to work unless the holder subsequently meets other criteria.
• Holder’s immediate family members (spouse, unmarried children under 21, and dependent parents) can also obtain residence permits under the same investment.
• The residence permit must be renewed every five years, provided the investment is maintained.
• No obligation to reside permanently in Greece, but the property must remain in the investor's ownership.
• Greek tax law may apply if the investor takes up tax residency, and legal advice on cross-border taxation matters is advisable.
• Property acquisition is subject to Greek property transfer tax, legal fees, and potentially, annual property taxes.
• All documents submitted must be translated into Greek by certified translators or lawyers.

Frequently Asked Questions

What is the minimum investment required for a Golden Visa in Kalamata?

The minimum investment is 250,000 euros in real estate, which can be met by purchasing one or more properties.

Can I rent out my property after obtaining the residence permit?

Yes, you are allowed to rent out the property on the open market, including for short-term rentals, unless stipulated otherwise by local regulations or building management rules.

Can my family join me under the same investment?

Immediate family members, including spouse, unmarried children under 21, and dependent parents of either spouse, can obtain residence permits as dependents.

Will this permit allow me to work in Greece?

The initial residence permit does not grant the right to work as an employee or professional in Greece. Separate work permits or additional applications are required.

How long does it take to get the Golden Visa after applying?

The process typically takes between two and four months from submission of a complete application, assuming all documents are correct.

Do I need to live in Kalamata or Greece full time to maintain my residence permit?

No, there is no minimum stay requirement, but you must maintain ownership of the qualifying property.

Can I apply for Greek citizenship after receiving the Golden Visa?

You may be eligible to apply for Greek citizenship after legally residing in Greece for seven years, subject to meeting residence and integration requirements.

What taxes will I have to pay on my investment property?

You will pay property transfer tax upon purchase, ongoing annual property tax, and potentially income tax on any rental income. It is best to consult a lawyer for detailed tax advice.

Can I sell my property and retain my residence permit?

If you sell the property and do not reinvest in another eligible property of equal or greater value, you will lose eligibility for the residence permit.

Are there any restrictions on the types of property I can buy in Kalamata for the Golden Visa?

The property can be residential or commercial, new or resale, as long as the total investment meets the 250,000 euro threshold. Some locations, notably near military zones, may have restrictions for non-EU buyers.

Additional Resources

• Greek Ministry of Migration and Asylum: The official government body responsible for residence permits and migration matters.
• Hellenic Cadastre (Land Registry): For property title searches and registration in the Kalamata region.
• Greek Notaries Association: Directory of licensed notaries in Kalamata who can facilitate property transactions.
• Kalamata Bar Association: Find locally based, qualified lawyers experienced in real estate and immigration law.

Next Steps

If you are considering the Greece Golden Visa or have already begun the process, your next step should be to consult a qualified lawyer in Kalamata with experience in residence by investment law. Gather all relevant personal and property documents, prepare a list of your questions or concerns, and schedule an initial consultation to map out your investment plan. Legal professionals can help you safely navigate property acquisition, ensure compliance with all requirements, and give you peace of mind throughout your residence by investment journey. It is also wise to keep abreast of changes in Greek immigration and real estate law, as legislative adjustments can impact your rights and timelines.