For non-EU citizens, A Residence Permit for five (5) years is granted to a third country – non EU citizen if he/she has obtained a visa, if required, and has, at minimum, a ten-year time-sharing contract in Greece. The minimum value of that contract cannot be less than 250,000 Euros!
This Residence Permit is also a Schengen Visa and offers you and your family access to all 27 EU member countries as well as to Switzerland. The aforementioned residence permit may be renewed for the same duration (five years), if the property remains unchanged in its legal ownership status as described above and the contracts of ownership remain in effect, and other statutory conditions detailed above are met.
The period of residence, under these specific conditions, is not taken into account in cases of granting citizenship to said residents and do not allow a right to employment of any type.
The aforementioned third-country citizen (property owner) may be accompanied by the members of his/her family. Upon their own request, family members may be granted a personal residence permit that is renewed and/or expires concurrently with the residence permit of the sponsor (property owner).
The residence permit is issued individually for 5 years to buyers and members of their family: – Spouse – Common non-married children under the age of 18 years of age – Adopted children – Spouse’s children from previous marriages. For children, the residence permit is valid until the completion of 18 years of age. After the age of 18, their residence permit can be renewed annually until the completion of 21 years of age. In any case, adult children over 18 years old can obtain a residence permit, if they purchase together with one of their parents, a property with a minimum value of 250.000€.