Other reasons for the issue of residence permits
B. Owners of property in Greece
1. By decision of the secretary general of the decentralisedadministration, a five-year residence permit subject to renewal shall begranted to a third country national who:
(a) Has legally entered the country with any type of visa or legally residesin the country, even if the residence instrument in his possession doesnot permit change of purpose;
(b) Personally has the full ownership, possession and peaceful enjoymentof real estate property in Greece. In case of joint ownership of a propertyto the value of EUR 250 000, the right of residence shall only be grantedif the owners of the property are spouses with indivisible shares in theproperty. In all other cases of joint ownership, the right of residence shallonly be granted if the joint ownership rate of each joint owner equals tothe value of EUR 250 000;
(c) Has the full ownership, possession and peaceful enjoyment of realestate property in Greece via a legal entity whose shares are fully ownedby such national;
(d) Has made an agreement with a minimum term of ten years for thelease of hotel accommodation or furnished tourist residences in touristaccommodation complexes pursuant to Article 8(2) of Law 4002/2011(Government Gazette, Series I, No 180);
(e) Has made a time sharing agreement pursuant to the provisions ofLaw 1652/1986 regulating time sharing agreements and related matters(Government Gazette, Series I, No 167), as in force.
2. The minimum value of the real estate property and the contractualconsideration of leases of hotels or tourist residences referred to in thisArticle is set at two hundred and fifty thousand euros (EUR 250 000) andmust be fully paid up on the signing of the agreement.
The consideration is paid by crossed bank cheque or other banktransaction, the particulars of which must be solemnly stated by thecontracting parties before the notary who prepares the agreement anddeclared in the agreement. By joint decision of the Ministers for theInterior and Finance, the value of the above real estate property may beadjusted, and shall result from the value of the property stated in thecontract or of the lease agreement.
3. Third-country nationals who own real estate property may lease thatproperty.
4. Such third-country nationals may be accompanied by their familymembers to whom an individual residence permits shall be issuedfollowing a relevant application, which shall expire together with theresidence permit of the sponsor. Family members shall mean:
(a) the spouse;
(b) the lineal descendants of the spouses or either spouse, who are under21 years old.
5. The above permit may be renewed for an equal period each time,provided that the real estate property remains in the ownership andpossession of the third country national, or the agreements referred to inparagraph 1 above remain effective and all other requirements providedfor by law are met. Periods of absence from the country shall not hinderthe renewal of the residence permit. Resale of real estate property duringthe period of validity of the residence permit to another third-countrynational shall not entitle the buyer to the issue of a residence permit.
6. The residence permits issued pursuant to paragraphs 1 and 4 of thisArticle shall not grant the right of access to any form of employment.
7. The period of residence referred to in the provisions of part B hereofshall not be taken into account for inclusion in the status of long-termresident and the granting of nationality to the relevant residents.
8. The residence permit shall be issued within two months fromprocurement of all file information to the issuing authority.
C. Adult children, over the age of 20, of members of the diplomatic staffand of the administrative and technical staff of a diplomatic mission, andchildren of consular officers and special consular employees serving inGreece, if they live with their parents. Residence permits shall be issuedby decision of the secretary general of the decentralised administrationfor a period equal to the term of office of those persons.
D: Dependent family members, being lineal ascendants, of members ofthe diplomatic staff and of the administrative and technical staff of adiplomatic mission, and of consular officers and special consularemployees serving in Greece.Residence permits shall be issued by decision of the secretary general ofthe decentralised administration for a period equal to the term of officeof those persons.Issue of a residence permit shall be subject to payment by the interestedpersons of the relevant fees, unless the sending country exempts Greekemployees who serve there from similar fees. The above permit shall beissued within two months from procurement of all file information to theissuing authority and shall grant no right of access to the labour market.
E. By decision of the secretary general of the decentralisedadministration, residence permits shall be issued to persons employed asprivate servants to members of diplomatic missions who are abroad andare sent to Greece, pursuant to Article 1(h) of the Vienna Convention of1961 on Diplomatic Relations, which was ratified by virtue of LegislativeDecree 503/1970 (Government Gazette, Series I, No 108).
Residence permits shall be issued for a period equal to the duration oftheir relation with the member of the diplomatic mission and shall notgrant the right of access to the labour market.
F. By decision of the secretary general of the decentralisedadministration, residence permits shall be issued to the area of MountAthos for studies or acquaintance with monastic life in Mount Athos, atthe request of the interested persons to one of the twenty HolyMonasteries of Mount Athos and a motion of the Holy Community,provided that:
a. The hosting Holy Monastery certifies that it shall provideaccommodation, food and cover other subsistence expenses, andprovide coverage for hospitalisation and full healthcare expenses;
b. The hosting Holy Monastery of Mount Athos forwards to thecompetent directorate of the decentralised administration the motion ofthe Holy Community together with the relevant application;
c. Permits shall be issued for one year subject to renewal for an equalduration each time, and may not exceed five years in total.
G. By decision of the secretary general of the decentralisedadministration, one-year residence permits, subject to renewal for anequal duration, shall be issued to third-country nationals who wish to getacquainted with monastic life or become a monk, provided that therelevant Holy Monastery certifies that they have been so accepted.An application for the issue of this type of residence permit shall beaccompanied by a relevant certificate that all healthcare expenses arecovered.
27. The title of Chapter II, Article 20 of Law 4251/2014 “Owners ofProperty inGreece” shall be replaced to read as follows:“Permanent residencepermit for investors”
28. In paragraph 4, Chapter II of Article 20 of Law 4251/2014, indent (c)shall be added to read as follows:“(c) Direct ascendants of spouses.”
29. The third sentence of paragraph 5, Chapter II, Article 20 of Law4251/2014 shall be replaced to read as follows:“Resale of real estateproperty while the residence permit is valid to another third-countrynational grants to the new buyer the right to a residence permit while atthe same time the seller’s residence permit is being withdrawn.”
30. Paragraph 7, Chapter II, Article 20 of Law 4251/2014 is abolished andparagraph 8 is renumbered as paragraph 7.