I am interested in purchasing a property and applying for the Greek Golden Visa. Although there are many migration agencies in my country that are promoting projects, I want to skip the middlemen and conduct due diligence independently. Where should I start? How can I find qualified projects and how should I assess investment opportunities?
Your goal has to be to be served within the shortest possible time and with a successful result. You certainly need a preliminary background check (due diligence), a full report submitted to you and few recommendations for your thoughtful consideration. After that, you sign a contract and proceed with your case with your chosen Greek migration agent (probably a lawyer). This way you address only one middleman, but on your behalf many others will run for your case.
The best way forward is trusting your lawyer. While there are a lot of investment consultants in the market, they usually try promoting the projects they have established relationships with. Lawyers who specialize in the golden visa projects try staying updated with the current market information and will probably be a better advisor when it comes to actual projects as they are able to conduct the due diligence from a legal standpoint.
Every investor who wishes to take the advantage of Greek Golden Visa program through a property acquisition has the "obligation" to ensure for him/herself the legal and technical status of the property to be acquired and the whole procedure in general. It is your right to be served quickly and successfully and the best way is to address this is through a consultancy company, which acts as a one-stop shop for the investor, ensuring with their internal experts (lawyers, engineers, etc.) the final successful implementation of your endeavor and is responsible for all the related issues of the process.
You will need to find a property to purchase according to Golden Visa proceedings, then proceed to open a bank account and obtain tax residency number in Greece so as to have full due-diligence procedure covered.
Of course you could conduct due diligence for the property you wish to purchase independently and you should to avoid any misguidance. You should consult a lawyer for a proper due diligence. When you sign the contract for the property you will apply for the Golden Visa.
I am afraid that due to the fact that your intended investment is about to take place in a foreign country, it would be very difficult to avoid middlemen. At least appoint a lawyer who, in cooperation with an engineer, shall carry through all the necessary preliminary actions on your behalf, namely checking the legal and technical status of the real estate property you want to purchase. Then, and provided that you have completed the real estate purchase, the lawyer will assist you with the acquisition of your Greek Golden Visa.
+1-800-347-9390
