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Greece Golden Visa: how an Israeli family prepared a plan B in Europe

I value stability and try to keep everything under control. The conflict with Palestine has begun to gain momentum again, which unsettles me.

I don’t want to leave Israel, but I realised I need a plan B for contingencies. So I will worry less about the future of my family.

I got a residence permit in Greece so that we could quickly move to Europe if necessary. Of course, I hope this need never comes, and I will just make money investing in real estate.

Alon

Alon,

Owner of a chain of supermarkets

Clients’ names and photos have been changed

Greece Golden Visa for a family from Israel

This case was provided by our expert

Albert Ioffe
Albert Ioffe

Legal and Compliance Officer, certified CAMS specialist

Greece Golden Visa: how an Israeli family prepared a plan B in Europe

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How Alon’s family got residence permits in Greece

The investor spent €270,153 and 5 months on obtaining Greece residency.

1

October 18th 2022

Preliminary Due Diligence

Alon underwent our internal Due Diligence, and we made sure he was eligible for the Greece investment program. The investor had never been prosecuted and could prove the legality of his income.

After the check, Alon signed a Services Agreement with Immigrant Invest and gave a power of attorney to our lawyer.

2

+ 2.5 months

Buying real estate, €267,955

The investor chose and purchased property in Greece without visiting the country.

Our lawyers received Umar an AFM — individual taxpayer number. Then they checked the sale’s legal purity and signed a sale and purchase agreement by proxy.

When the investor transferred the money, the sale went into effect, and the lawyers submitted the agreement to the Land Register, from where they received a certificate of ownership.

Besides the property price, Alon paid 3.09% as the transfer tax, 3% for legal and notary services and 0.3% for technical expertise. The services were also subject to 24% VAT.

3

+ 2 weeks

Collecting documents, €2,198

The investor took out a family insurance policy and provided the lawyers with the required documents and photographs.

The lawyers filled out government forms and had the documents copied, translated into Greek and certified. They also helped Alon pay the fees via the Greek government’s online service. The application fee was €2,000 for the investor and €150 for his wife. The fee for issuing a residence permit card was €16 per person.

The package of documents consisted of the following:

  • passports;

  • birth certificates;

  • marriage certificate;

  • passport-sized photos;

  • medical insurance;

  • criminal record certificates;

  • purchase and sale agreement;

  • confirmation of the agreement registration with the Greek Land Register.

4

+ 1 day

Applying for the Greece Golden Visa

At a time when the preparation was complete, it was inconvenient for Alon’s family to come to Greece. So, the Immigrant Invest lawyer filed Alon’s application to a specialised department of the Ministry of Immigration and Asylum of Greece on the investor’s behalf.

We also made Alon an appointment for a convenient date for the family to come and give biometric data.

5

+ 2 weeks

Delivering biometrics

Alon came to Greece with his wife and daughter, and they got fingerprinted, which was necessary for residence permit cards to be issued. Our lawyer accompanied the family to the department.

6

+ 1.5 months, March 15th 2023

Receiving residence permit cards

Alon’s application was approved after two months of processing, and the family received their residence permit cards. They will be valid for five years.

Individual cost calculation for residence by investment in Greece

Individual cost calculation for residence by investment in Greece

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