How does the transfer of funds work while investing in property in Greece?

If I sell my current home in Egypt, how will I transfer those funds into Greece for my residency by investment application (since bank transfers won’t be an option)? Are there any secure pathways in place for issues with regulations of other governments’ financial institutions? What’s the limit to the amount of cash I can bring?

Answers

On October 18, 2022 Mary Tsiganou answered:

Any purchase of assets from foreign tax residents in Greece, according to Taxation Law has to be justified through funds transferred from the bank account of the buyer held abroad to his bank account in Greece. Moreover, following Immigration Law's provisions, the contract of purchase stating that “the contract of sell and purchase of the property is not subject to conditions or exemptions, the total price amounts to ….., which has been paid in full with a crossed bank cheque to a bank account of the beneficiary, held in a credit institution operating in Greece or with a credit transfer to a beneficiary’s bank account held in a payment service provider, operating in Greece. No other options are available, nor cash in assets' transactions.

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