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GOLDEN VISA IN GREECE

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GOLDEN VISA-GREECE The Immigration and Social Integration Code (Law 4251/2014, Government Gazette  1, no 80) contains provisions that facilitate the stay of third-country investors, whose investments are characterized as strategic investments, via the provision of extended stay time limits for the representatives of investment bodies and their partners. Moreover, it allows the granting of residence permits to third country nationals and to members of their families, who purchase real estate property in Greece, the value of which exceeds € 250,000. This residence permit is permanent. The holder of the residence permit is however required to renew it every five (5) years. Besides the purchasing of property golden visa can be granted to national of third countries who signed a timeshare agreement (lease) – for a minimum of 10 years – for hotel accommodations or furnished tourist residences in integrated tourist resorts according to article 8, paragraph 2 of Law
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BUSINESS LEASING AGREEMENTS

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BUSINESS LEASING AGREEMENTS Business leasing agreements in Greece are regulated by law 4242/2014 as well as civil law. Previously in Greece the duration of the business agreement had to be 12 years and even in the event that parties agreed in writing for a smaller duration the tenant was protected for the 12 year period.   Based on the new regulations the parties to the agreement (land lord and tenant) are free to decide on the duration of the lease agreement with a minimum duration of 3 years. In the event where the parties have not set a duration time then the minimum of 3 years is applied. In the event where the parties have agreed on a longer period (more than 3 years) then both parties are bound by the longer period. The lease agreements may be terminated by mutual agreement by the parties provided the termination is in writing. Alternatively each party can terminate the agreement either after the minimum 3 years are up or after the agreed dur
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