Brief presentation Article 51 of Law 4647/2019 introduces a provision that allows property owners to declare by August 31 of this year the actual square meters of their properties at their respected Municipality without retroactive consequences, debts and fines. Declaring the actual square meters is decisive for the amount of various charges imposed by the…
Invest in Greece with the Golden Visa Program means quality of life. Today, more than ever, it seems imperative to invest in a quality of life, close to the natural environment, near the countryside and sea. The Golden Visa program, in its standard form, aims to attract investment and capital inflows in Greece, but there…
Imminent changes to the Golden Visa Program are scheduled from the Greek Government. The draft bill will come for a vote before the Greek Parliament with the following changes after April 24, 2020: The first paragraph of case 2 of paragraph B of article 20 of Law 4251/2014, is replaced as follows: “2. The minimum value…
In a world that has been impacted by the threat of COVID-19, countries around the globe are implementing measures to safeguard their people and communities. We at Stathaki Law Office are also doing our part. We are conscious of the difficulties that many people around the world are facing due to the COVID-19 outbreak. Protection and safety…
The Common Ministerial Decision concerning the extension of the suspension of the Land Registries was published in the Greek Government Gazette. The decision consists of the following: 1. Temporary partial ban on local land registries as well as the land registries of Rhodes, Kos-Leros, the land registries of Piraeus, Thessaloniki, as well as the land…
Legislation to lift the capital controls is expected to be submitted to the Greek Parliament and go into effect on September 1, 2019 ending four (4) years of restrictions on transfers abroad by companies and individuals. The purpose of the restrictions on cash withdrawal and transfer of funds were to preserve the financial stability, by…
Whether it is for a short visit or for a desire to live in Greece for longer periods of time, Brexit will have consequences on the rights of British nationals and the formalities they will need to follow to stay in Greece permanently. Law 4604/2019 – Residence rights of UK citizens in Greece On 19…
A new Greek law envisages reductions in a special property tax (ENFIA) by an average weighted 22 pct, offering a respite to real estate owners in the middle class and low-value owners. Cuts in ENFIA, based on the total value of real estate assets, will be: 30 pct for property up to 60,000 euros, 27…
An Economy Ministry bill tabled in Parliament provides for the broadening of the criteria for non-European Union citizens to be granted a five-year residence permit, or Golden Visa, beyond the investment of 250,000 euros in local real estate assets. The draft law foresees permits being issued for third-country nationals (and their families) who invest a…
If you are an individual wishing to buy property in Greece, you should know that such action comes with certain tax obligations both before and after the purchase. In the handy manual of the Independent Authority For Public Revenue of Greece you may find out more about those obligations and the requirements you need to meet…
