According to Art. 20B par. 1 of L. 4251/2014 golden visa lasts for 5 years. In virtue of par. 5 of Art. 20B Golden Visa may be renewed perpetually for an equal period each time, namely 5 years, provided that the real estate property remains in the ownership and possession of the third-country national.
Contrary to other countries’ legislations, actual residence in Greece after granting the Golden Visa is entirely optional. Golden Visa does not require the sponsor and his/her family members to reside permanently in Greece.
Periods of absence from the country shall not hinder the renewal of the residence permit.
Resale of real estate property during the period of validity of the residence permit shall have as a consequence the simultaneous revocation of the seller’s Golden Visa.
Comentários