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Can I buy into a development that isn’t finished yet for my Golden Visa application?

I heard about a project along the Greek coastline that looks amazing. It is within the minimum investment amount but hasn’t been built yet. The developer is still working on getting the proper permissions before he can start construction. Can I use this for my Golden Visa application?


Answers
  • Dimitra Mella & Partners
    February 26, 2019

    You can use this for your Golden Visa application, provided that the total value of the purchased land and the contract with the construction company is at least 250,000 euros.

  • Energopiisi SA Investment Consulting Services
    February 14, 2019

    According to Greek immigration law, the acquisition of a property with a minimum 250,000 euros, either as an individual one or in a residential complex, as described, gives the right to the investor to apply for Golden Visa resident permit for the property owner. Since this project will be accordingly permitted and is allowed to sell individual properties to investors, yes, you could proceed with your purchase and consequently to Golden Visa application.

  • Papalois & Associates Legal
    February 12, 2019

    After he takes all legal permissions, you can use it.

  • Aggeliki G. Androutsou
    February 12, 2019

    The law in Greece on the Golden Visa requires the purchase of real estate. Getting permissions for investment activities from the ministry of finance is time-consuming.