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Frequently asked questions
Complete Guide Golden Visa Greece
Buying Properties in Greece
Golden Visa
Additional services we provide
Rental Income in Greece
Additional costs
Taxes in Greece
Following, you'll find an overview of the process of buying property in Greece, through the current (2026) Golden Visa Program.
1) Sign a Power of Attorney
In order to buy property in Greece, the easiest way is to appoint
a representative (typically a Greek attorney), who can sign
documents on your behalf, and expedite all necessary processes
in Greece whilst representing you.
This saves lots of time and money, because otherwise you would
be forced to visit Greece many, many times, and deal with
Greek legislation and bureaucracy yourself, which unless you
are perfectly fluent with the Greek language and Greek Laws,
would be almost impossible.
2) Our Notaries abroad
Our office has a Notary in Hong Kong and works with other
Notaries in foreign countries, outside Greece, so as to allow
you to visit a Notary in your home country (Example: China),
without being forced to pay for travel (airplane tickets, hotels)
and avoid coming to Greece.
Therefore, if you want, you can simply visit our Notary in Hong
Kong (or elsewhere, in Europe or the United States), and sign
a Power of Attorney there, without being forced to travel to
Greece.
This process usually takes 1 business day to process, and costs
between 2,000 and 5,000 Euro, depending on each different
case.
3) Greek Tax Identification Number
Once a POA (Power of Attorney) is signed, our attorneys in
Greece can open a Greek Tax Identification Number for you.
This is required in order to be able to buy a property in Greece.
This process costs between 500 and 1,500 Euro, and requires
2 business days to process.
4) Property selection
You will have to choose a property to buy in Greece.
Typically, Golden Visa applicants buy one of the following
types of properties:
A. Fully prepared houses / apartments
Currently, the price limit for this is 800,000 Euro in Greece.
Therefore, many clients prefer cheaper choices.
B. Already converted properties
This refers to properties which were previously offices,
or industrial spaces or any type of non-residential property
which was converted (or which can be converted) into an
an apartment/ a house (residential).
The price limit for this is currently 250,000 Euro.
C. Properties which can be converted
The price for such properties is again, 250,000 Euro,
however many times, the "cash back" concept is applied,
in order to reduce the cost of purchase.
D. Other types of properties
According to the current Golden Visa legislation in Greece,
other properties do in fact qualify as well, such as lots (land)
industrial spaces, offices, entire buildings etc.
That simply depends on your preference.
5) Property inspection
Once you have selected a property to buy, our Greek attorneys
will have to perform an inspection of the property, in order to
ensure that:
A) The property actually belongs to the seller.
B) There are no liens against the property.
C) Verify as to whether there are any loans against the property.
D) Ensure that all paperwork for the sale is readily available.
In addition, our Civil Engineers may be required to:
A) Visit the property and ensure that its static characteristics
are in fact in good condition.
B) Inspect the property's building/constructions aspects, in
order to ensure that the property has a proper foundation.
Inspection procedures require 1 business day, and can cost
anywhere between 150 and 1,000 Euro, depending on each
case.
6) Pre-sales contract
Once the property is selected and inspected, then a
"Pre-sales contract" must be signed, between you, the buyer
and the seller in Greece.
This contract outlines the general rules regarding the sale,
including the purchase price, the down payment required,
and the final, closing date of the overall purchase.
During the signature of this contract, typically a 10-20%
down payment is paid to the seller in Greece.
The down payment is usually paid via bank wire transfer, from
your account overseas, to the seller's bank account in Greece.
For this contract the buyer and seller meet at our Notary's
office in Greece, and sign the necessary paperwork.
In our office's case, you do not need to be present during this
meeting. Instead, you can have our Attorney (which holds the
POA you've already signed) sign this contract for you.
Drafting and signing a pre-sales contract costs anywhere
between 1,000 and 3,000 Euro, depending on each case.
Our real estate commission ranges between 2-10%, depending
on each case.
Half of our realty commission is payable upon signing the
pre-sales agreement; via bank wire transfer from your account
overseas, to our bank account in Greece.
An official receipt is always issued by our office for all services
rendered, which includes a 24% VAT surcharge.
7) Gathering paperwork
Once the pre-sales agreement has been signed, our Attorneys,
Civil Engineers, Accountants and Notaries gather all necessary
paperwork in order to finish the sale.
This includes finding and recording the:
Title of ownership, cadastral documents (layout), building
licenses, tax documents and other similar files.
This process can take anywhere from 1 week to 3 months,
depending on how prepared the seller is to finish the sale.
Typically our office will have gathered all necessary documents
beforehand however, so when using our office, the process
becomes far simpler.
8) Final sales contract
Once all paperwork has been gathered for the sale, the buyer
and the seller must meet once more at our Notary's office in
Greece, in order to sign the final sales contract.
Again, you do not need to be present for this meeting.
Instead, the attorney to which you have issued your POA can
sign these documents on your behalf.
A transfer tax is paid upon signing this document.
The property transfer tax in Greece typically represents 3.1%
of the property's sales value.
That can be paid via bank wire transfer to an account in Greece.
Drafting and signing the final sales contract costs anywhere
between 1,000 and 3,000 Euro, depending on each case.
Upon signature of the final sales contract, the remaining half
of our realty commission is payable, again via bank wire transfer.
9) Transfer of ownership at the Greek Government
Following the signing of the final sales contract, the property
is transferred to your name, at the official Registry of the Greek
Government.
This process usually requires 1-3 months, however once the
final sales contract has been signed, the property already and
officially belongs to you.
Instead, this process is simply a formality.
This process costs anywhere between 1,000 and 3,000 Euro,
depending on each case.
10) Golden Visa Application
Once the property has been transferred to your name in Greece,
our Attorneys file an application for your Golden Visa Permit.
You will have to visit Greece at least once, in order to appear
before the Ministry of Foreign Affairs, and sign the Golden
Visa application.
Our Attorneys escort you during this visit, so there is nothing
difficult about this process; we take care of everything.
You will need to be in Greece for at least 2 days.
We can reserve travel and lodging accomodations for you,
such as airplane tickets and hotel reservations, and
transportation to and from the Ministry of Foreign Affairs.
This process typically costs anywhere between 5,000 and
8,000 Euro for the first Applicant, and approximately
1,000- 2,000 for each additional applicant.
Example: Your son or daughter is the first applicant, and two
parents are the additional 2 applicants, therefore:
5,000 - 8,000 Euro for the son or daughter + 1,000- 2,000
Euro for each parent.
11) Golden Visa Issuance
Following the application, it will take anywhere between 1
and 6 months before your final, Golden Visa Permit is issued.
Our Attorneys follow and expedite this process, therefore
there is nothing you need to do, other than wait for the permit.
Then, we simply send you the Golden Visa permit.
12) Rental
Most of our Golden Visa clients rent out their properties.
This creates income for them, instead of simply having an
empty property.
Our office manages this as well.
You do not need to do anything, other than approve the tenants
we select for you, and approve the lease terms.
Therefore, we also offer a complete set of management
services, including:
Finding tenants, creating leases to be signed, paying for
dues, establishing electricity connections for the tenants,
establishing telephone connections for the clients etc,
collecting rent and paying you the rent, cleaning the property
filing tax documentation.
Our commission for renting your property is 1 rent.
Typically, tenants are found within 15-60 days.
We usually filter tenants, so as to find the best possible people
to rent your property; e.g. people who have steady jobs,
who are more likely to pay the rent on time, who are
cooperative, and who have previous references.
Our management services typically range between 10-15%
of the gross rent collected.
13) Greek Bank Account
In order to be able to collect rent from properties in Greece,
you will have to open a bank account at a Greek Bank.
We can handle this process for you as well.
Lots of paperwork is required for this process, and we will
ask for several documents from your country of origin.
Due to recent European legislation policies, the process of
opening a Greek bank account has become very, very complex
and requires a considerable amount of time and effort.
This process will require anywhere between 1-4 months,
and will cost 3,000- 5,000 Euro, depending on each case.
The rent collected from your property will have to be
deposited into your Greek bank account, however you may
then send the money to whichever bank account in the world
you choose.
14) Cell phone account
In order to have electronic access (e-banking) to your Greek
bank account, you will have to also open a Greek Cell Phone
account, so as to be able to receive electronic and SMS
security messages on your cell phone.
This service typically costs 15 Euro per month, however
you will also have to install this Sim card on a cell phone
device of your choosing.
We can open a Greek cell phone account for you, and or
manage it for you.
This way, you can have access to your Greek bank account
from anywhere in the world.
And also, you will be provide with electronic login information
with regards to your Greek cell phone account, which you
can access from anywhere in the world.
15) Tax Issues
Once you have finished buying (and or renting) your property
you will be required to file for taxes in Greece, each year.
You will have to file at least 3 documents:
An income tax in Greece (Even if you have no income in Greece)
&
A property tax filing
We have our own accountants and can file for this paperwork
for you.
Tax filing is required once a year, and it typically costs
anywhere between 150-1,000 Euro, depending on each case.
You will also have to pay property taxes in Greece each year.
That typically relates to a small percentage of the property's
value (Which is calculated by the Greek government, using
a very specific formula).
We can simplify the process of paying your taxes.
You will also be provided with electronic access codes, to
your official, Greek Government Tax website, which you
can access from anywhere in the world.
16) Translation and Interpretation
Many documents will require translation from your native
language (e.g. Chinese, Arab etc) into Greek, for use with
official institutions such as the Greek Ministry of Foreign
Affairs, Greek Notaries and other Greek Government
Agencies.
Also, unless you speak fluent Greek, upon your visit to
Greece (you will be required to visit Greece at least once,
to sign your Golden Visa Application in person), unlelss
you are familiar with the Greek (and or English) language,
you may decide to use a local interpreter.
Also, if you decide to be present during the signing of either
the pre-sales agreement or the final sales agreement, you
will be forced to use an interpreter to your native language.
We also provide this service: We translate to and from
any language and the Greek language, and we can arrange
for interpretation services.
Overview
This information may seem overwhelming, however please
remember that if you decide to use our office,
you are only required to do 2 things:
1) Sign a Power of Attorney at your home country.
2) Visit Greece once, to sign your Golden Visa Application.
We handle everything else.
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