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Greek immigration news: new buildings are exempt from VAT for 3 years
In an attempt to expand the Greek property market, prime minister Kyriakos Mitsotakis announced on 23rd October that a three-year suspension of VAT payments on any new building permits as well as those to be made on unsold properties built after 1st January, 2006.
Three of them involve the recovery of the property market:
1.New buildings are exempt from VAT for 3 years;
2. Enjoy a 40% discount on the cost of refurbishing or upgrading buildings;
3.Deferring the capital gains tax on real estate, etc.
In particular, the new buildings will be exempted from the transfer of VAT for 24% of the property for 3 years. The industry generally believes that will effectively promote real estate transactions, especially for buyers outside in Greece. Experts on property and residence permit in Greece said that the three-year suspension of VAT on construction-related activities will help stimulate interest gold visa program in Greece.
After proposing a low threshold immigration policy, Greece announced that exempt for real estate investment VAT. These policies will attract overseas investors to purchase properties that successfully acquire Greek immigration status and promote economic development. It is a great opportunity for those who want to get a Greek immigration status!
Greece residence permit program
Advantages
1. The property can be inherited by family members.
2. There is no business background and language requirements*.
3. A family of three generations can apply together.
4. No stay requirements*.
5. Visa-free access in 183 countries including the Schengen countries and the US *.
6. High-quality European education resources.
7. Excellent quality of life and higher welfare.
8. Top level of medical care security.
Requirements
1、Non-criminal record;
2、Investment requirement* for details, please contact us.
WZ&P：Grace
WZ&P— leader in residence and citizenship planning
Please contact us for more details
E-mail: grace.w@wz-p.com
Related articles: Greece Residence Permit
In particular, the new buildings will be exempted from the transfer of VAT for 24% of the property for 3 years. The industry generally believes that will effectively promote real estate transactions, especially for buyers outside in Greece. Experts on property and residence permit in Greece said that the three-year suspension of VAT on construction-related activities will help stimulate interest gold visa program in Greece.
After proposing a low threshold immigration policy, Greece announced that exempt for real estate investment VAT. These policies will attract overseas investors to purchase properties that successfully acquire Greek immigration status and promote economic development. It is a great opportunity for those who want to get a Greek immigration status!
Greece residence permit program
Advantages
1. The property can be inherited by family members.
2. There is no business background and language requirements*.
3. A family of three generations can apply together.
4. No stay requirements*.
5. Visa-free access in 183 countries including the Schengen countries and the US *.
6. High-quality European education resources.
7. Excellent quality of life and higher welfare.
8. Top level of medical care security.
Requirements
1、Non-criminal record;
2、Investment requirement* for details, please contact us.
WZ&P：Grace
WZ&P— leader in residence and citizenship planning
Please contact us for more details
E-mail: grace.w@wz-p.com
Related articles: Greece Residence Permit