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

Answers

Mary Tsiganou

Synergia Technical and Consulting SA

On 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.