Best Residence by Investment Lawyers in Marousi

About Residence by Investment Law in Marousi, Greece

Residence by Investment, also commonly known as the Greek Golden Visa Program, is a legal pathway allowing non-EU nationals and their families to obtain residency in Greece through investment, typically in real estate. Marousi, a suburb in the northern part of Athens, is a popular destination due to its thriving business opportunities and high standard of living. The program grants successful applicants a renewable five-year residency permit in exchange for a qualifying investment, most often real estate worth at least 250,000 euros. This legal provision is regulated by Greek Law 4251/2014, offering not only the right to live in Greece but also access to the wider Schengen Area for travel purposes.

Why You May Need a Lawyer

Navigating Residence by Investment options in Marousi often requires specialized legal support for several reasons. Prospective investors may face complex legal documentation, due diligence checks, and property transactions governed by Greek law. A lawyer can provide vital assistance when reviewing contracts, conducting title searches, verifying the legitimacy of properties, handling tax obligations, and communicating with local authorities. Additionally, family inclusion, renewal of permits, dealing with rejected applications, or understanding the implications of local zoning laws can introduce further legal challenges. Legal advice is especially critical in safeguarding your investment and ensuring compliance with evolving residence regulations.

Local Laws Overview

Key aspects of local laws affecting Residence by Investment in Marousi include minimum investment thresholds, property legality, and residency rights. The primary legal basis is Law 4251/2014, which stipulates that a real estate acquisition of at least 250,000 euros qualifies a non-EU citizen and their close family members for residency. The law requires clear title deeds, all property taxes to be up-to-date, and thorough background checks on applicants. Permits are usually granted for five years and are renewable as long as the investment is maintained. There are no minimum residency requirements, and beneficiaries can lease out their property. It is important to note that while residency is granted, citizenship is a separate, lengthier process with its own criteria.

Frequently Asked Questions

What is the minimum investment required for the Greek Golden Visa in Marousi?

The minimum investment is 250,000 euros in real estate, plus associated taxes and fees, for Marousi and most parts of Greece.

Who can be included in my Residence by Investment application?

Immediate family members, typically a spouse and children under 21, can be included in the same application.

Do I need to live in Marousi to maintain my residency status?

No, there is no minimum stay requirement. You do not need to live in Greece or Marousi to keep your residency, provided you keep the investment.

Can I rent out my property in Marousi after purchase?

Yes, you are allowed to lease or rent out your property, including for short-term rental purposes.

How long does it take to get a residence permit after applying?

It typically takes two to three months from submission of a complete and properly documented application to receive your residence permit.

Is property ownership in Marousi sufficient for Greek citizenship?

No, property investment grants residency, not citizenship. Citizenship requires separate legal procedures and more years of residency.

Can I include my parents or in-laws in the application?

In certain cases, parents of both the investor and spouse may qualify for inclusion under the same residency program.

Are there any restrictions on the type of property I can buy?

The property must be legally constructed, have clear title, and meet minimum value criteria. Due diligence is essential to avoid disputes.

What happens if I sell the property?

If you sell the property and do not reinvest in another qualifying property, your residency permit and those of your family members will be revoked.

Can I travel to other European countries with my Greek residence permit?

Yes, the residence permit enables you to travel within the Schengen Area without a visa for up to 90 days in any 180-day period.

Additional Resources

For further information on Residence by Investment in Marousi, the following governmental bodies and organizations can offer additional guidance:

- Greek Ministry of Migration and Asylum - the primary authority regulating residence permits and immigration policy - Hellenic Republic Ministry of Foreign Affairs - for updates on visa policies and consular services - Marousi Municipality Office - for local administration and property regulation information - Greek Notaries Association - for legal guidance in property transactions - Hellenic Land Registry - for property title inscription and verification

Next Steps

If you are considering Residence by Investment in Marousi, start by consulting with a specialist legal advisor experienced in Greek immigration and real estate law. Prepare and gather your documents, conduct legal due diligence on any property before purchasing, and seek guidance on procedural requirements. Your lawyer can help you understand your eligibility, identify trustworthy real estate agents, prepare your application, and represent you before Greek authorities. Acting early reduces risks and ensures that your investment and residency goals are achieved without legal complications.