Schengen Visa

The Schengen Visa Greece:

• Offers residency permit without citizenship
• Refers to a real estate property of all kinds, commercial, residential,10years lease hotels or touristic apartments, with a minimum price of 250.000 €
• May include a combination of properties
• May be joint purchases, as long as each of the joint buyer’s share worth at least 250.000 €
• Offers EU Schengen Visa to travel free throughout the EU Schengen zone and its countries without further visa applications
• It lasts for 5 years
• It is renewed after the first 5 years and every 5 years, as long as the owner keeps the ownership of the property

The Schengen Visa holder:

• Can live in Greece, but he is not obliged to, in order to retain the visa
• Can offer the visa as well, to all his family members, who are under the age of 21 years.
• Can not work in Greece, but can set up a business himself
• Can travel to all EU Schengen zone countries without further visa applications
• After holding the residency permit for 7 years he can apply for Greek citizenship and Greek passport. After receiving citizenship, there is no obligation to keep the ownership of the real estate property
• Can sell the real estate property to another non-EU citizen. In this case the residency permit is automatically transferred to the buyer.