THALATTA.realty is dedicated to large real estate projects related or being part. Such properties, often are intended for hospitality city or resort projects of an LCET (Luxury Curated Experience Touring) character, often including yachting investing, sometimes including condominiums associated to a hotel business. Large real estate investments in Greece often also refer to Athens or Thessaloniki housing or office developments and commercial projects and even urban inner city redevelopments, while many investments are intended as industrial spaces and logistics and industrial level storage facilities.
These type of projects, would attract very substantial co-financing, possibly equity financing and certainly Greek bank lending on extremely beneficial for the borrower terms, while any such financing would be greatly augmented via subsidised interest, subsidised wages and HSS related costs and a very dynamic, environment related and international promotion connected, subsidies’ program, financed by the GG (Greek Government) and the EU.
The TTUK team of experts would consult, advise and facilitate investors in every step of their Greek projects, including bank mortgaging or bank lending facilitation and GG and EU programs applications.
The modern trend of people relocating to warmer and sunnier places, started in the US and it is now becoming a strong European trend too. Many Europeans and European-minded people, are relocating to the south of Europe, for longer and warmer days, sunnier places and proximity to the sea – the Mediterranean Sea. The trend refers both to retirees or semi-retirees and to younger generations, with entrepreneurial spirit and an aptitude towards a singularly more relaxed working pace, combined with a positively vibrant life-style, by the Sea. The Sea, the Sea, always the Sea!
Greece has become a country to relocate to, par excellence, because it offers not only longer and warmer days, sunnier places and immediacy to the Mediterranean Sea, with some 13,600 kilometres of sea shores and some 6,000 islands crowning its Mediterranean landscape, the place bursting with history, European civilization and culture and a country giving a living space that is always safe and secure and in the centre of modern European culture and life-styles.
Relocating to the joys of Greece for retiring or never retiring people, is enticing not only because of the considerable economies in living costs or the climate, the food and the fun-living, but also for being able to invest in a rapidly developing economy, this developing significantly enhanced by the unending demand for properties in the region, by people like you.
Your new acquisition would prove to be the savviest investment, after your first home, back home. Greek property assets are amongst the fastest growing European property markets.
It doesn’t have to cost all ones’ savings, since all the Greek banks (all part of the Euro banking system) are delighted to offer mortgages to buy ones’ HITS (Home In The Sun), but also project finance for investing on sensible business endeavours.
Any EU member state’s national, can freely relocate to Greece and buy property to relocate to and live in Greece for as long as one wishes. And any EU member state’s national can establish a Greek company in Greece and enjoy all EU & GG (Greek Government) support programs, available to all Greeks.
UK, USA, Canadian, Australian etc. nationals, they can too, own property in Greece and/or establish businesses in Greece, following – the common for all – legal processes, but in order to be able to reside on “permanent basis”, say three or five years or more, as a Schengen-Visa-free Greek resident, they would have to apply for and follow the “Permanent Residence” rules in force in Greece (and the EU, in general), which are similar to the ones applying in any other country, yours too.
Regarding Long-term Residence visas, there are three types, all giving access to the Schengen-Area EU countries – the G-GV (Greek-Golden Visa), of 5-year duration, usually pricy, the G-FIP (Greek Financially Independent Persons) Visa of 3-year duration, perfectly affordable and usually easy to get and the G-DM (Greek Digital Migrants) Visa, of similar duration.
The duration of all types of Greek residency visas is renewed in increments of five (5) or three (3) years. All of these visas are processed digitally and remotely, apart for the stage, when the applicants would have to be identified biometrically, in person, usually as part of the first application. After a seven (7) year continuous residence, these visa holders can apply for Greek Citizenship, if they so wish.
There may be some restrictions applicable to the different types of visa. For example, the property attached to a GGV, is not allowed to be used for short term rentals, such as AirBnB, the G-FIP visa holders, must spend at least 180 days for each year in Greece and neither the G-FIP or G-DM visa holders, cannot seek and have employment in Greece. Nevertheless, they can all, with or without a Residency Visa, own a Greek company, either personally or through a, for example, UK LLC company, being able to be employed by their UK company, but not but by their Greek subsidiary company, their Greek company trading freely in Greece and all over the world (and the EU), as any other Greek company could.
Currently, Company Tax is Greece stands (very favourably, in comparison with other Western counties) at 22%. Additionally, the benefits generated by generous development and export orientation business plans’ EU and GG support schemes and subsidies, offer another dimension to the attraction of Greece, as a base for entrepreneurially savvy business people.
For Greek Permanent Residency Visas, please look at the next item on the menu, the “Residence Visa” schemes available in Greece.
Holders of a Greek Residency Visa, could enjoy generous Non-Dom (Non Domicile) type tax rates, services, facilities and benefits and it is worth checking out.
For example, in general, if one transfers ones’ pension tax-residence to the Greek Customs & Excise, would be reducing his or hers tax on pensions to just 7%. Also, if one happens to be a lucky multi-million income earner, if he or she transfers ones’ income-tax residency to Greece, would have to pay only € 100,000 flat tax, for all income of any size, created, generated and due to any country or jurisdiction in the world.
The NonDom facilities are all established in Law, by the many international treaties set to avoid “double taxation”. Greece has 160 such intergovernmental agreements in place, with all the significant countries in the world. Britain has too its own NonDom Scheme, since 1780s, but Britons cannot be NonDoms in Britain. By the way, the Greek NonDom Schemes have been based on the British one. Ask us and we would direct you to the appropriate specialists.