The Greek Golden Visa program has gained considerable popularity among investors seeking European residency due to its many benefits. However, there are situations when, even when purchasing real estate for 250,000 euros, a person does not receive a Greece golden visa. It is especially offensive when the refusal is caused by ridiculous mistakes. In this article, we will look at the most common mistakes that can lead to tragic consequences.

Improperly Executed Real Estate Purchase and Sale Transaction

Real estate purchase and sale are regulated by the civil code and can take place in a hundred possible variations:

  • a transaction between two citizens or a resident and a non-resident of the country;
  • with payment to an account or in cash;
  • purchase in installments or through a mortgage, etc.

That is, there are many options.

However, the purchase of real estate to obtain a Golden Visa is regulated by a separate migration law, which lists the transaction options that are suitable for obtaining this residence permit. This law even regulates the transaction procedure itself, so it is essential to fulfill all the requirements. This factor should also be taken into account when obtaining Dominica citizenship. If the contract was initially suitable for the Golden Visa, but there were just some mistakes in it, then most likely, such a problem can be solved.

Fraud and Concealment

Unfortunately, fraud does occur, but fortunately, there are very few cases of fraud when obtaining a Greek or Cyprus golden visa. The most common fraud is when you are sold an unfinished property that is impossible to legalize and obtain documents for. People may have paid for a property at full price but received a notarized agreement only for part of this property. These isolated cases indicate that people need to familiarize themselves with the transaction procedure before paying for anything.

In general, there is one rule here: first the document, then the payment. It must be made only after the conclusion of a preliminary agreement or an agreement certified by a notary or at the time of signing. There can be no agreements: “money today, agreement tomorrow.”

Incorrectly Identified Applicant

There are cases when the applicants are grandparents, and they want their grandchildren to go with them, but this is impossible. Or the property is purchased in the name of a child who has turned eighteen, but in this case, the grandparents cannot go. It is essential to understand that the applicant, with his/her spouse, their children under 21, and parents from both sides, can go with the Golden Visa. If only one applicant is going, then only the children and parents from his/her side can go with him/her. This residence permit can be extended for children under 24, but you must initially have time to get it before the age of 21.

Often, the applicant is mistaken in situations with brothers and sisters: they can go together, but then you need to buy an object for 500,000 euros so that each of them has a share of 250,000 euros. Moreover, in this case, the entire object must also fall under the law and have no encumbrances and debts.

Entry into Greece

Another problem concerns entry into Greece: despite the fact that all stages of the transaction can be carried out without the presence of the applicant by proxy, it is necessary to comply with the procedure for legally crossing the border. If the applicant cannot come on a tourist visa or visa-free, then it will be required to apply for a visa, and this can be difficult to do. This is not a problem with obtaining a Golden visa itself, but it is a problem with the timing. So, be patient.

Conclusion

All these difficulties do not mean that you should refuse to obtain a golden visa. However, they are worth keeping in mind in order to avoid making mistakes. Numerous examples of successful citizenship in this way confirm that nothing is impossible. The main thing is to carefully fill out the documents and check everything. You can also seek help from visa specialists. Their experience will help you avoid mistakes.