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Residence by Investment, often referred to as the "Greece Golden Visa" program, allows non-European Union (EU) citizens to gain legal residency in Greece by making qualifying investments. Volos, a vibrant city on the Greek mainland, is an attractive destination due to its scenic beauty, affordable real estate, and growing investment opportunities. Under Greek law, individuals who invest a set minimum amount in real estate or other qualifying sectors can obtain a renewable residence permit for themselves and their immediate family members. This process enables investors to live, study, or conduct business in Greece and move freely within the Schengen Zone.
Navigating Residence by Investment in Volos can be complex due to legal procedures, compliance requirements, and bureaucratic nuances. Individuals may need legal help in situations such as:
A specialized lawyer can provide guidance at each stage, helping you avoid costly mistakes and ensuring all requirements are met according to Greek law.
Residence by Investment in Volos is regulated primarily under Law 4251/2014, known as the Immigration and Social Integration Code of Greece, as amended by subsequent legislation. Key aspects of the law relevant to residence by investment include:
It is essential to consider both Greek national laws and any regional or municipal regulations specific to Volos, especially in matters of property zoning, construction, and taxation.
The most common minimum investment is 250,000 EUR in real estate. Other types of investment may have different thresholds.
Yes, as long as the combined value of the properties meets or exceeds the required minimum investment.
No, there are no minimum stay requirements. You can maintain your permit without living full-time in Greece.
Yes, your spouse, minor children, and dependent adult children can be included in your application.
No, the residence permit does not confer citizenship. However, after several years and fulfilling strict criteria, you may apply for citizenship.
Typically required documents include a valid passport, proof of investment, property purchase contract, health insurance, and evidence of family relationships for dependents.
Processing times vary, but it can take from a few weeks to several months, depending on documentation and local authorities.
If you no longer hold the qualifying investment, your residence permit will be revoked unless you reinvest in another qualifying asset.
Certain zones may have restrictions, especially near border areas or for properties with historical significance. Legal advice is recommended to verify before purchase.
While holding a residence permit does not automatically make you a tax resident, spending more than 183 days a year in Greece will. Additionally, property taxes apply. Consult with a legal or tax advisor to understand your specific obligations.
For further information and support, consider the following resources and organizations:
If you are considering Residence by Investment in Volos, Greece, start by gathering information about eligible investments and your personal circumstances. It is advisable to consult with a qualified lawyer who specializes in immigration and real estate law in Greece. Your lawyer can provide personalized advice, assist with property due diligence, prepare and submit your application, and ensure compliance with all relevant legal requirements. Arrange an initial consultation to discuss your plans and receive guidance tailored to your needs.
For those ready to proceed, organize your required documentation, research available properties or investment options in Volos, and initiate contact with local authorities or legal representatives to begin the application process.
