Frequently Asked Questions

What members of my family are eligible for a residence permit?

Your spouse, your children under 21, and the parents of both you and your spouse.

Are unmarried partners eligible for a residence permit?

No, only legally married spouses are eligible.

What is the required investment value if the property ownership includes both spouses?

If married spouses jointly own the property, both are eligible for the residence permit as long as the combined investment meets the legal threshold.

Can I travel to other countries within the EU with the residence permit? Are there any conditions?

Yes, the residence permit allows free movement within the Schengen Area which includes several EU countries. The visa allows you to stay in any of these countries for up to 90 days every 6 months per year.

Can I travel directly to other Schengen countries after receiving my residence permit?

Yes, you can travel directly to any Schengen country once your residence permit is issued.

Does the residence permit allow me to apply for citizenship?

You can apply for naturalization after 7 years of residency.

Can I purchase a car with Greek license plates for my transportation needs?

Yes, this is allowed under the regulations of the Greek Ministry of Transport.

Can I take out a mortgage on the property?

Yes, you can take out a mortgage under the same terms as Greek citizens.

Does my residence permit remain valid if I sell the property?

No, the residence permit is tied to property ownership. If you sell the property, your residence permit is revoked, but the new buyer is eligible for a permit.

Can I rent out the property for passive income?

Yes, long-term rentals are allowed, and you will retain your residence permit regardless of whether you reside in the property.