Amendments in the Immigration Law
It was published today in the Official Gazette A΄76/2015 the new law no 4332/2015 that amends provisions of the current immigration law (Law 4251/2014), which concerns residence permits for Property Owners. Specifically, foreign nationals that invest in the purchase of property priced at 250,000.00€ or more in the Greek territory, are entitled to five-year residence permit, including their spouses and children up to 21st year of age, but also the parents of either the spouses (article 19 para 28 of Law 4332/2015)
In addition, with the repeal of para 7 of Cap. E’ of Art. 20 of Law no 4251/2015, the duration of the five-year residence permit is taken into account for the acquisition of citizenship, in contrast to the law mentioned above that excluded the specific period of time.