Best Residence by Investment Lawyers in Paramythia

About Residence by Investment Law in Paramythia, Greece

Residence by Investment in Paramythia, Greece, is part of the broader Greek Golden Visa program, which allows non-EU nationals to obtain a residency permit by making a qualifying investment in Greece. Paramythia, located in the Epirus region, offers unique opportunities for investors looking to take advantage of its natural beauty, emerging real estate market, and welcoming community. The most common route to residency is through property investment, but there are other options, such as strategic investments or business activities. Successful investors and their families can enjoy the right to live, travel, and study in Greece, with possibilities for future citizenship.

Why You May Need a Lawyer

Seeking legal advice is a crucial step in the Residence by Investment process in Paramythia. Investing in real estate or business ventures in a foreign country can be complex due to unfamiliar legislation, language barriers, and administrative requirements. A lawyer can assist you by:

• Ensuring your chosen investment qualifies for the Golden Visa program.
• Conducting due diligence on properties or businesses to avoid fraud or title issues.
• Drafting and reviewing contracts, purchase agreements, and supporting documents.
• Representing you during transactions if you cannot attend in person.
• Navigating application procedures to the Greek authorities, ensuring all paperwork is correctly filed.
• Handling communications with local agencies, notaries, realtors, and government officials.
• Addressing tax implications and compliance for your residency and investments.
• Assisting with the residency permit renewal process for you and your family members.

Legal expertise ensures your investment and residency plans proceed smoothly and lawfully.

Local Laws Overview

Paramythia, as a municipality within Greece, follows national legislation regarding Residence by Investment. The key legal points include:

• The minimum investment threshold for real estate is usually 250,000 euros, but this amount can vary depending on location and governmental decisions.
• Investors must have clean criminal records and valid passports.
• All property purchases must be registered with the Hellenic Cadastre and comply with zoning and planning regulations.
• Residence permits are typically granted for five years and can be renewed as long as the investment is maintained.
• The permit allows free movement throughout the Schengen Area, but does not confer direct rights to work.
• Family members (spouse, children under 21, and dependent parents) can be included in the main applicant's permit.
• The law prohibits property subletting in some cases, depending on the intended use or location of the property.
• Compliance with Greek tax laws is required, including annual property taxes and declarations of worldwide income for tax residents.

Frequently Asked Questions

What is Residence by Investment in Greece?

It is a legal scheme that grants non-EU citizens a residency permit in Greece in exchange for a qualifying investment, most often through real estate acquisition in areas like Paramythia.

What is the minimum investment required for the Golden Visa in Paramythia?

Typically, the minimum qualifying real estate investment is 250,000 euros, but confirm the latest requirements with a local lawyer as they can change.

Can I include my family members in my application?

Yes, spouses, children under 21, and dependent parents of both the investor and spouse may be included under one application.

Do I have to live in Paramythia to keep my residence permit?

No, there is no minimum stay requirement. You only need to maintain the investment to renew the permit.

Does the Greek Golden Visa lead to citizenship?

Holding a residence permit can lead to citizenship after meeting residency and integration requirements, but citizenship is not automatic.

Are there restrictions on the types of property I can buy?

The property must meet the minimum investment value and be eligible for legal sale. Some properties may be restricted in certain zones or due to their intended use.

What taxes and fees will I pay?

Expect to pay property transfer taxes, annual property taxes (ENFIA), lawyer and notary fees, and possibly VAT, depending on the property type.

Can I rent out my property after purchase?

In many cases, yes, but specific zoning or local regulations may impose restrictions, especially on short-term holiday lets.

How long does the application process take?

The process typically takes two to six months, depending on the complexity of the investment and the efficiency of documentation.

Will I need to renew my residency permit?

Yes, the permit is valid for five years and can be renewed indefinitely as long as you retain ownership of the qualifying investment.

Additional Resources

• Greek Ministry of Migration and Asylum - the governmental body responsible for residency and immigration matters
• Hellenic Cadastre - for property registration matters
• Greek Bar Association - to find certified lawyers experienced in investment immigration
• Local notary offices in Paramythia - for certifying and legalizing property transactions
• Greek tax authorities (AADE) - for guidance on tax obligations relating to your investment

Next Steps

If you are considering Residence by Investment in Paramythia, Greece, start by seeking a consultation with a qualified Greek lawyer who specializes in immigration and real estate law. Prepare essential documents, such as your passport, proof of funds, and any criminal record clearances. Consider visiting Paramythia to view properties and to familiarize yourself with the area. Your lawyer will guide you through property selection, due diligence, contract negotiation, and the residence permit application. Stay updated on program requirements, as investment thresholds and laws can change. Finally, consult with a tax advisor to plan for your new fiscal responsibilities in Greece.