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What requirements do I need to fulfill to make the investment for Golden Visa through my company?

I am a Turkish citizen and own a company in Turkey. I am the only shareholder. Is it possible to purchase a property through my Turkish company?


Answers
  • Energopiisi SA Investment Consulting Services
    February 28, 2020

    Following the provisions of Greek Immigration Law, the purchase of a property through a company owned 100% by the investor, is an acceptable option for Golden Visa, but only if the company is based either in Greece or in an EU country

  • Foutsis & Partners Law Firm
    February 21, 2020

    The Turkish company can buy a property only if incorporates a branch office in Greece and obtains a Greek VAT number.

  • Stilianos Ch. Proestakis
    February 21, 2020

    The new law foresees permits being issued for third-country nationals and their families who invest a minimum of 400,000 euros in Greek securities and companies, with the aim of increasing foreign direct investment. Therefore a time deposit at a Greek bank of at least that amount for at least 12 months with a fixed order for renewal will suffice for a Golden Visa. Similarly, an investment of the same amount in a real estate investment company will also do. The new criteria include the investment of a minimum of 400,000 euros in state bonds of at least three years’ duration through a Greece-based bank or the investment of a minimum of 400,000 euros in a mutual fund set up in Greece or abroad to invest exclusively in shares and bonds trading in Greece and with total assets of least 3 million euros. Foreigners may also obtain the permit with an investment of 800,000 euros in stocks or corporate bonds in the Greek capital markets. These new rules will apply along with the existing scheme that requires an investment of 250,000 euros in local real estate assets.

  • KARAKITIS TAX & LAW
    February 21, 2020

    The company must be established in Greece or another EU country and you must be the only shareholder. In your case, the first requirement seems not to be met.