Best Residence by Investment Lawyers in Megara

About Residence by Investment Law in Megara, Greece

Residence by Investment in Megara, Greece, allows non-EU citizens to acquire a renewable residence permit by making a qualifying investment in the area. This legal pathway is part of the country’s broader Golden Visa Program, intended to attract foreign investors by offering the opportunity to reside legally in Greece. Megara, a historic city located near Athens, offers a unique combination of historic charm and accessibility, making it an attractive location for real estate investment. Greek law requires a specific minimum investment threshold, primarily through the purchase of real estate property, in order to qualify for the residence permit.

Why You May Need a Lawyer

The process of obtaining residence through investment in Megara involves intricate legal steps. Consulting a lawyer can help you:

• Understand the types of investment options that qualify under the law
• Ensure due diligence on property titles and ownership to avoid scams or legal disputes
• Navigate complex paperwork, including application forms and support documents
• Communicate with local and national authorities for timely submissions and updates
• Comply with Greek tax regulations that may impact your investment and residency status
• Interpret any restrictions or obligations attached to investment properties
• Address issues if your application is delayed or rejected

Local Laws Overview

Residence by Investment in Megara, Greece, is governed by Law 4251/2014, which introduced the Golden Visa Program. Key local legal aspects include:

• Investment Requirement: The most common route is the purchase of real estate worth at least 250,000 euros per applicant. This must be a single property or multiple properties with a combined value at or above the threshold.
• Property Registration: All property transactions must be registered with the relevant local land registry office in Megara to be valid and enforceable.
• Permit Duration: The residence permit is typically valid for five years and is renewable if the investment is maintained.
• Family Reunification: Permits may be extended to family members such as spouse and children under 21 years of age.
• No Residency Requirement: There is no mandate to reside in Greece for a specific number of days per year, but the property must be retained to keep the permit active.
• Tax Implications: Investors should consider potential tax liabilities both in Greece and their home country. Legal guidance is advisable regarding double taxation agreements.

Frequently Asked Questions

What is the minimum investment needed for a residence permit in Megara, Greece?

The minimum investment required is 250,000 euros in real estate property, as defined by the Greek Golden Visa scheme.

Can I purchase more than one property to meet the threshold?

Yes, multiple properties may be purchased as long as their combined value meets or exceeds the legal limit.

Does the Golden Visa allow me to work in Greece?

The residence permit issued through investment does not grant the right to work as an employee in Greece. However, you can own and operate a business.

Are there any restrictions on the types of properties I can buy?

Properties must be legal, clear of encumbrances, and properly registered. Some protected historical sites may have additional restrictions.

How long does the application process take?

Processing times vary, but most applications are reviewed and permits issued within two to six months.

Can my family members obtain residence permits as well?

Yes, your spouse, children under 21, and, in some cases, dependent parents, can be included as part of your application.

Do I need to live in Greece to maintain my residence permit?

No, there is no minimum stay requirement. You simply need to retain ownership of the qualifying investment.

Is it possible to rent out the investment property?

Yes, you may rent out your property, and rental income is subject to Greek taxation.

Will this permit allow me to travel in the Schengen Area?

Yes, a Greek residence permit allows travel within the Schengen Zone for up to 90 days in any 180-day period.

What happens if I sell my property?

Selling your property means you will lose your eligibility and your residence permit may be revoked unless you reinvest in eligible property.

Additional Resources

If you need further information or assistance, the following resources can be valuable:

• Greek Ministry of Migration and Asylum - official authority overseeing residence permits
• Hellenic Ministry of Foreign Affairs - for information on visas and consular matters
• Greek Golden Visa Association - a professional network of service providers familiar with investment migration
• Local Notaries and Real Estate Offices in Megara - for property verification and purchase procedures
• Greek Bar Association - directory for finding licensed lawyers specializing in immigration law

Next Steps

If you are considering residence by investment in Megara, Greece, here is a suggested course of action:

• Consult an experienced immigration or property lawyer to assess your eligibility
• Research and select suitable property options, exercising due diligence
• Prepare all necessary legal documents, including proof of funds and clean criminal record certificates
• Engage a local real estate agent and notary to facilitate the property purchase
• Submit your application to the Migration and Asylum office, with legal support if possible
• Monitor your application status and ensure timely renewals or extensions as needed
• Stay informed about regulation changes that may impact your residence status

Seeking proper legal advice ensures you comply with all requirements, protect your investment, and secure your rights in Greece.