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Can inherited properties be eligible for Golden Visas?

My father bought a house on the Greek islands several years ago. He wants to give the property to me and transfer its ownership. It is worth more than 250,000 euros. How can I make this type of transaction eligible for a Golden Visa so I can live there full time?

  • Papalois & Associates Legal
    February 19, 2019

    You cannot apply for Golden Visa like that. You should buy a property with price of 250,000 euros. So only if you buy the property from your father and pay him 250,000 euros can you apply for a Golden Visa.

  • Energopiisi SA Investment Consulting Services
    February 20, 2019

    Following to recent clarification from the competent authorities on Greek immigration law provisions, third-country citizens who are adults and who fully and legally own real estate property in Greece, the minimum value of which is 250,000 euros, acquired through intestate succession, will or parental concession are eligible for Golden Visa program.

  • Aggeliki G. Androutsou
    February 21, 2019

    The father can transfer the real estate with a donation to his child.

  • Dimitra Mella & Partners
    March 08, 2019

    According to the pertinent provisions of the Greek law, as recently amended with Law 4587/2018, inherited properties or properties acquired through parental donation are eligible for Golden Visa. However, in such a case, the fair-market value of the property will be taken into consideration in order to determine your eligibility for the Greek Golden Visa. Accordingly, if the fair-market value of the property is at least 250,000 euros, then you qualify for the Golden Visa.