Best Residence by Investment Lawyers in Thermi

About Residence by Investment Law in Thermi, Greece

Residence by investment, often known as the Greek Golden Visa program, offers non-EU citizens the opportunity to obtain residency in Greece through qualifying real estate investments. Thermi, located near Thessaloniki in Northern Greece, is an emerging area attractive to foreign investors due to its modern amenities and proximity to urban infrastructure. Under the program, eligible individuals and their families can gain the right to live in Greece and travel freely within the Schengen Area by making a minimum real estate investment, typically starting at 250,000 euros.

Why You May Need a Lawyer

Navigating the legal requirements for residence by investment can be complex, especially for those unfamiliar with Greek property laws and immigration procedures. People often require a lawyer for:

• Assessing the eligibility of specific properties or investments in Thermi
• Conducting due diligence and verifying the legitimacy of property titles and sellers
• Drafting and reviewing contracts in Greek and English
• Ensuring compliance with Greek immigration, tax, and property regulations
• Representing the applicant during property transactions and residency application submissions
• Facilitating communication with local government offices and authorities
• Advising on family inclusion and long-term implications of residency status

Local Laws Overview

Key laws relevant to residence by investment in Thermi include the Greek Immigration Law, specifically Law 4251/2014 which forms the basis of the Golden Visa framework. Applicants must invest a minimum of 250,000 euros in real estate in Thermi or other approved regions. The investment must be maintained to keep residence status. Additional requirements include:

• Clean criminal background of the main applicant
• Valid health insurance covering Greece
• Proof of funds and the lawful source of investment capital
• Compliance with local zoning and land use regulations in Thermi
• Property purchased must be free from liens, encumbrances, or ownership disputes

It is critical to follow all local legal procedures during property acquisition, as errors may lead to the denial of the residence permit or future complications regarding property ownership.

Frequently Asked Questions

What is the minimum investment required for residence by investment in Thermi, Greece?

The minimum qualifying investment is generally 250,000 euros in real estate, whether a single property or multiple properties that meet or exceed this threshold.

Can my family members also get residency if I invest in Thermi?

Yes, your spouse, children up to 21 years old, and dependent parents can be included as dependents under your application.

How long does the residency permit last?

The initial Golden Visa residence permit is valid for five years and can be renewed indefinitely as long as the investment is maintained.

Do I have to live in Thermi or Greece permanently to keep my residence permit?

No, there is no minimum stay requirement. You are not required to live in Greece but must retain ownership of the property to keep your residence status.

Can I rent out the property I purchase in Thermi?

Yes, you have the right to lease the property for short- or long-term rental income, provided you comply with local tax and rental laws.

How long does the application process take?

The process typically takes two to six months, depending on property selection, document preparation, and the efficiency of local authorities.

Are commercial properties also eligible for investment?

Yes, both residential and commercial properties in Thermi and other eligible areas can qualify if the total investment meets the minimum amount.

Can the residence by investment program lead to Greek citizenship?

Yes, after seven years of legal residency, you may become eligible to apply for Greek citizenship, subject to meeting other criteria such as language proficiency and integration.

What taxes or fees should I expect when buying property in Thermi?

Expect to pay property transfer tax, notary fees, registry fees, legal fees, and possibly value-added tax if purchasing a new property.

What happens if I sell the property?

If you sell your investment property without reinvesting in another qualifying property, your residence permit will be revoked. You must always hold qualifying real estate to retain your status.

Additional Resources

For more information on residence by investment in Thermi, Greece, consider reaching out to:

• Greek Ministry of Migration and Asylum
• Hellenic Ministry of Foreign Affairs
• Local Municipality Offices in Thermi
• Local bar associations for specialized immigration and property lawyers
• Greek property registries for information on due diligence and ownership verification

Next Steps

If you are considering applying for residence by investment in Thermi, Greece, start by consulting with a qualified lawyer experienced in Greek real estate and immigration law. Prepare your documents, including proof of funds, criminal background check, and valid identification. Your lawyer can guide you through the property selection, due diligence, purchase, and residency application process. It is advisable not to sign any property or investment contracts before receiving appropriate legal guidance to ensure your interests are fully protected throughout the process.