Residence permit of Greece: investors from Russia have 2 weeks to visit the country

September 2, 2020
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Greece opens the border for investors from Russia
Photo: Adobe Stock
Greece is resuming its air service with Russia for a trial period. The date of opening the borders for Russian citizens is 7 September 2020.

The validity of the resolution on opening the borders is limited to 2 weeks, from 7 to 21 September inclusive.

During this time, the investor 一 participant of the Golden Visa Programme can see the real estate in person, sign a contract and submit biometrics for a residence permit card.

No more than 500 Russians per week are allowed to visit. Entry is possible only by air with arrival at the airports of Athens, Thessaloniki and Heraklion (Crete).

Visit under the Golden Visa Programme

According to the terms of the programme, the investor must visit the country at least once – to pass the biometrics. Due to the pandemic and closed borders, the Greek government has temporarily simplified procedures for obtaining residence permits for investments. At the same time, investors could not take their fingerprints and, accordingly, issue residence permit cards.

With the restoration of air service, investors from Russia will be able to fly to Greece to submit biometric data and issue a residence permit card. It is not necessary to take the ready-made card personally. A trusted person (lawyer) can receive it and send it to any convenient address.

The opening of borders also expands other opportunities for investors. More details are explained in the table.

Opportunities for programme participants

Stage With closed borders
(from May 2020 to 6 September)
With open borders
(7 to 21 September)
Selection of property Only remotely Personally or remotely
Conclusion of a contract for reservation of real estate By Power of Attorney only Personally or by Power of Attorney
Submission of biometrics for residence permit card issuance There was no possibility The opportunity has arisen
Stage With closed borders
(from May 2020 to 6 September)
With open borders
(7 to 21 September)
Selection of property Only remotely Personally or remotely
Conclusion of a contract for reservation of real estate By Power of Attorney only Personally or by Power of Attorney
Submission of biometrics for residence permit card issuance There was no possibility The opportunity has arisen
Stage With closed borders
(from May 2020 to 6 September)
With open borders
(7 to 21 September)
Selection of property Only remotely Personally or remotely
Conclusion of a contract for reservation of real estate By Power of Attorney only Personally or by Power of Attorney
Submission of biometrics for residence permit card issuance There was no possibility The opportunity has arisen

It is impossible to predict how the opening of the borders will develop. If the epidemiological situation worsens, it could be closed again. It is therefore important to be able to take advantage of the situation.

At the same time, the government can simplify and speed up programme procedures.

Investors ask to simplify procedures

The China-Greek Investor Confederation has sent a letter to the Foreign Ministry of Greece requesting permission for participants to enter the country. These include 120 investors who have already purchased property in Greece and 100 potential buyers from China.

The letter also contains a request to accelerate procedures for those investors who have already started the process of obtaining a residence permit for investment.

It is likely that the Greek government will listen to them because they are a significant part of the programme participants. In this case, it will be easier for all investors, including those from Russia, to obtain a gold visa in a pandemic. For Russians, this could be particularly important if Greece closes the border again after 21 September.

Conditions of entry for Russian citizens

Those investors who plan to visit Greece from 7-21 September need to follow certain conditions.

  • Receive a certificate in English with a negative COVID-19 test result.
  • Fill in the PLF (Passenger Locator Form) electronic form.
  • Present a hotel reservation receipt or other documents that contain the address for the duration of your stay in the country.

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