September 27, 2022

Permanent Residency In Greece- Required Documents, Cost, And Taxes

2 min read
Permanent Residency In Greece- Required Documents, Cost, And Taxes

One of the easiest ways to obtain permanent residency in Greece is to find a job. The process is not difficult, but it will require you to learn Greek. Once you find a job, you must stay with it until you are granted a permanent residence permit. Additionally, you must prove that you have a stable income of 3,500 euros or more per month. You must also demonstrate that you will not seek another job while in Greece. Today, the Greece golden visa program is getting popular in the world as it offers great opportunities to foreigners.

Documents required to apply for a residence permit in Greece:

To apply for a residency permit in Greece, a foreign national must have certain documents ready. They must have a valid passport and a travel document proving their eligibility to stay in Greece. Foreigners who wish to marry a Greek national should apply for a residence permit within three months from the date of their marriage or their entry into the country. In case of a delay in applying for a residence permit, the fine for failure to do so can be as high as 50 Euros.

Cost of a residence permit in Greece:

To receive a permanent residency permit in Greece, an investor must invest at least EUR250, 000 in a joint business. The investment must have a positive impact on the country’s economy and national development. Several factors can be used to measure whether a property has a positive impact on the country, such as job creation, innovation, and domestic production. In addition, the document must be in Greek.

Investors from third countries who purchase property in Greece are required to obtain an entry visa to receive a residence permit. This entry visa must be either type C or D, a residence permit for permanent residency, or a real estate investment permit. It is vital to apply for a residence permit before your visa expires. However, a non-EU investor can buy real estate in Greece in exchange for a residency permit, and they do not need to stay for years.

Taxes for non-residents living in Greece:

If you’re not a Greek resident, you may be wondering how to file your taxes in Greece. Greece has a complicated tax system that can be confusing. Non-residents must pay income tax on Greek sources, less any deductions and income-generating expenses. In Greece, you must be a resident for 183 days to claim a tax refund. The period includes your arrival and departure dates, holidays, and the days you spend in Greece.