Update regarding the acceptance of Opinion regarding art. 20B L. 4251, as currently in force
Golden Visa - Invest Migration | July 2021

 

Update regarding the acceptance of Opinion regarding art. 20B L. 4251, as currently in force

 

Following a written inquiry towards our Authority, regarding the potential inclusion to the provisions of Article 20B L.4251/14 upon issuing an Investor Permanent Residence Permit for a third country citizen who acquired ownership on real estate property following the legal procedure of auction, the Council of State, pursuant to the Opinion N. 153/2020 (D’ Section, available on the Council of State website), which was accepted by the Minister of Immigration and Asylum, on 22/12/2020, approved the following: 

“Following the auction of a property, situated within Greece, and the deposit of the total auction proceeds, set at the minimum amount of 250.000 euro, by the highest bidder, third-country citizen, to the auction employee, the issuance of an Investor Residence Permit is possible according to the provisions of Article 20B L.4251/14, as currently in force, under the following strict conditions: a) the deposit of the auction proceeds to the auction employee shall be conducted in one of the ways restrictively listed within the provisions of article 20B case 2 L. 4251/2014, as currently in force, b) the transcription of the Allocation Report Summary to the competent Transcript records shall be completed and c) the auction shall not be annulled via any of the predicted legal ways”. 

Following the above, we are notifying you that all arising relevant cases shall be examined under the scope of the above Opinion.

 

Related Articles

The EU and Malta’s ‘Cash for Citizenship’ dispute is a cautionary tale – both for poorly thought-through investment migration schemes and those who’d try to stop them. 

Golden Visa - Invest Migration | June 2024

The Golden Visa landscape is shifting in Greece and Europe. These changes tell a story of success for some, and disappointment for others. Last month, the Greek Government announced a move to a four-tiered Golden Visa system.

Golden Visa - Invest Migration | May 2024

Though media stories are decrying investment immigration, dubbing it “the end of golden visas”, the picture couldn’t be more different.

Golden Visa - Invest Migration | November 2023

As a sequel to our last article concerning the thriving Real Estate Market in Greece which presented among others the advantages of the Golden Visa Scheme, it worths highlighting the importance of the rapid processing time of the Golden Visa application. 

Golden Visa - Invest Migration | March 2023

Speaking about social globalization the world is more connected than ever due to the widespread of technology.

Golden Visa - Invest Migration | February 2023

Always wanted to move to Greece and wander around the picturesque island alleys with the view of blue domes?

Golden Visa - Invest Migration | February 2023

While the change of the limit for the Greek Golden Visa has not been established yet and it seems that no change will take place until the new year, the Greek government and the relevant ministers are studying alternative scenarios in order not to damage its popularity.

Golden Visa - Invest Migration | October 2022

The golden visa program was introduced by Law 4146/2013.

Golden Visa - Invest Migration | September 2022

The collection of the first installment by the Recovery Fund, amounting to 3,4 billion euro, towards our country, from which the amount of 1,72 billion regarding no refundable grants and the amount of 1,84 regarding loans.

Golden Visa - Invest Migration | April 2022

Removal of examination suspension and issuance of pending applications for renewal and submission of applications for renewal of residence permits of citizens of the Russian Federation and Belarus - The suspension of submission and approval of new residence permit applications is maintain

Golden Visa - Invest Migration | April 2022

You may be forgiven for assuming that the Greek and Portuguese golden visas are more or less the same. After all. both grant their holders EU residency, rely heavily on real estate investment, and follow a similar process.

Golden Visa - Invest Migration | March 2022

Following the decision of the Ministry of Immigration and Asylum for the provisions of temporary protection towards displaced Ukrainian citizens, Greek Government proceeds to the adoption of additional measures of humanitarian sensitivity as aid to Ukrainian ci

Golden Visa - Invest Migration | March 2022

Residency by investment (RBI) is a two-way venture. There is the immigration aspect, which in the case of Greece’s Golden Visa is the residency permit, and there is the investment factor, which can be quite complex and highly profitable – if done right.

Golden Visa - Invest Migration | March 2022

Following the recent undesirable developments of the Ukraine crisis, Greece proceeds to the practical support towards the displaced 

Golden Visa - Invest Migration | March 2022

By the adoption of the New Immigration Code in 2014, Greece entered the Golden Visa sector dynamically constituting one of the principal choices for investment immigration candidates.

Golden Visa - Invest Migration | March 2022

The upturn of Greek economy is confirmed once more by the national bank of Greece, according to the relevant data indicating the “vertical” increase of foreign direct investments in Greece for 2021, even in comparison to the pre-COVID era.<

Golden Visa - Invest Migration | February 2022

by Christian Henrik Nesheim

 

How do you spend your weekends?

Golden Visa - Invest Migration | February 2022

Following the idleness of the investment community recorded during 2020 due to the pandemic, 2021 seems to show improving statistics from foreign investors in Greece.

Golden Visa - Invest Migration | February 2022
How Can We Help You