Ms Lauras’ Adami business activity has started many decades ago as one of the most reliable partners in general import and export field, ( in Agriculture, Gastronomy Equipment, Real Estate and in art field as an international art work evaluator in art auctions) for Greece and aboard which was very active particularly in Romania and with branch office in Germany, Italy, France and showed strong extroversion in Balkan Regions, in USA , Russia, & UAE.
“The creation of a perfect business model starts from the structure, and the application with the greatest possible precision. can ensure only for guarantee result!” Says the founder of BIZZ GROUP LTD, and polyglot (she speaks fluently, seven languages), female entrepreneur Mrs. Laoura Adami Patseskou.
She is going to be our next guest here at P.E.R.S.O.N.A.L.I.T.I.E.S in aim to understand the priveldge of being a strong enterpreneuer in field of the Real Estate and Investment field in Greece and world wide.
Good morning, Ms. Adami. Thank you for inviting me to discuss a topic that’s garnering significant interest: the Greek Golden Visa but also in a paneuropean aspect of view. As we have seen many countries from the South such as Portugal, Italy Cyprus and also Greece would like to offer to citizens of third countries Golden Visa opportunities.
Good morning, Ms Kyropoulos. It’s a pleasure to have you. I’m always happy to shed light on this valuable topic. It’s a life decision about their future. Boundaries is something in a liguid- effect in now days. Mobility has convert another form of flexibility. I can study in my home town in Greece, but I could also work in a remotely basis in Philippines or in USA. Lately we have seen different types of Visa at the Real Estate Market, as Digital Nomand Visa or Start up Visa. So the demand has change a lot it’s characteristics, because the needs of our dailly life are completely different now.
To start, for those who might be unfamiliar, could you briefly explain what the Greek Golden Visa is?
Certainly. The Greek Golden Visa program grants a five-year residency permit to non-EU citizens and their families who make a qualifying investment in Greece. The most popular route, and my area of expertise, is through real estate acquisition. i would like to mention we have 3 types of Greek Visa.
- € 800k for properties bigger than 120m2
- € 400k for properties until 120 m2
- € 250k nfor properties 35 to 50 m2
The €250,000 option remains available for converting commercial properties into residential use or restoring listed buildings. This option provides a more accessible entry point into the Greece Golden Visa program.
That sounds very appealing. What are the primary advantages for someone considering this investment? Why Greece?
The advantages are numerous, Mrs. Kyropoulos.
Firstly, it offers visa-free travel within the Schengen Area. This is a massive benefit for business and leisure. Secondly, it provides residency for the entire family – including the main applicant, their spouse, children up to 21 (or 24 under certain conditions), and even parents and in-laws of both spouses. This is a crucial aspect for many families seeking stability and new opportunities together.
Such us ?Could you be more specific please?
Yes ofcourse! if you a re a citizen of a third country and you would like to invest:
€250,000 in real estate, then gather required documents like a passport and proof of investment. Obtain a Greek tax number and open a bank account to facilitate the process. Submit your application and biometrics in Greece and receive a temporary certificate before your permanent residence permit is issued a specific process based in 5 steps as follows:
1. Meet Investment Requirements Real Estate: Invest a minimum of €250,000 in residential or commercial properties. Other Investments: Explore options like a €500,000 bank deposit or other qualifying investments.
2. Gather Required Documents Valid Passport: Your passport must be valid for the duration of your stay. Investment Proof: Documentation proving you have completed the investment. Health Insurance: Valid health insurance coverage for Greece. Criminal Record: A clean criminal record certificate. Family Documents: If applying with family, include birth and marriage certificates.
3. Complete Legal & Administrative Steps Greek Tax Number: Obtain a Greek tax identification number. Bank Account: Open a Greek bank account. Power of Attorney (Recommended): Consider hiring a legal representative through a power of attorney to handle complex procedures.
4. Visit Greece for Biometrics Biometric Data Capture: You must visit Greece to have your fingerprints and photographs taken. Application Submission: Submit your application and documents in person.
5. Await and Receive Your Golden Visa Temporary Certificate: After submitting your application, you may receive a temporary certificate, allowing you to stay in Greece while your permit is processed. Final Approval: Once approved, you will receive your Greek Golden Visa
So, it’s not just for the individual investor. That’s a strong point. Are there other benefits beyond travel and family inclusion?
Absolutely. From an investment perspective, Greek real estate, particularly in desirable areas, has shown significant appreciation potential. This means your investment can grow over time. Moreover, investors gain the right to live, work, and study in Greece, enjoying the country’s high quality of life, excellent climate, and rich cultural heritage. It also provides a Plan B for many, a secure foothold in the EU. And the most importat of all has high security standarts. You can feel safe in Greece. You saw the criminal cases general in Eu the last 5 months. Despite that Ms Kyropoulos the succeful ageing could take place in Greece. You have clean fresh air, amazing landscapes, agriculture style of lide and many opportunities to enjoy your pension with daily activities’
High quality of life, investment potential, and EU access – those are compelling reasons. For someone who is now convinced and wants to take the plunge, what are the very first steps they need to take?
The very first step is identifying your investment budget and preferences. Are you looking for a holiday home, a rental property, or a combination? This will guide your property search. Following that, it’s crucial to engage with experienced professionals. This includes a reputable real estate specialist, like myself, who understands the Golden Visa requirements, and a qualified lawyer specializing in immigration and property law.
So, research and professional guidance are key. What happens after securing the right team speciallists?
Once you have your team, the process involves obtaining a Greek Tax Identification Number (AFM) and opening a Greek bank account. These are essential for any financial transaction in Greece. Simultaneously, we would begin the property search and due diligence. This is where my team comes in, presenting suitable properties, arranging viewings, and ensuring all legal checks are completed before any commitment.
It sounds like a structured process. Are there any common pitfalls or advice you’d give to prospective investors at these initial stages?
The most common pitfall is not engaging with experienced professionals from the outset. The Greek legal and property market can be complex, and expert guidance ensures a smooth and compliant process, avoiding costly mistakes. My advice is always to be thorough, ask questions, and ensure complete transparency throughout.
Excellent advice, Ms. Adami. It’s clear that with the right approach, the Greek Golden Visa offers a pathway to exciting opportunities. Thank you so much for your invaluable insights today.
It was my pleasure, Lena. I hope this information empowers potential investors to explore what Greece has to offer.
And what is your favorite quote in Real estate business so far?
Home is where you always wanna be, so we are here to quide you to choose the right place!