A resident permit for real estate owners is a new type of resident permit, according to the Greek immigration law for third-country citizens who have entered the country legally on any kind of visa. Beneficiaries of the right of this permanent resident permit, which shall be renewed every five years, are: third-country citizens who own real estate property in Greece, either personally or through a legal entity based in Greece or another EU member state, of which they own the total of the company shares, provided the minimum value of the property is 250,000 euros; third-country citizens who have signed a lease agreement – for a minimum of 10 years – for hotel accommodations or furnished tourist residences in integrated tourist resorts according to article 8, paragraph 2 of law 4002/2011 (Government Gazette 180 A'), provided the minimum cost of the lease is 250,000; third-country citizens who purchase a plot of land or acreage and proceed to erecting a building, provided that the cumulative value of the land purchase and the contract with the construction company is at minimum 250,000; third-country citizens who have signed a timeshare agreement (lease), based on the provisions of Law 1652/1986; family members of the third-country citizens described above. As it is clear from the above the minimum 250,000 euros investment is the basic prerequisite for participation in the Greek program of a Golden Visa.
