As of 2018 Ioannis Valmas is a member of the Investment Migration Council (IMC).
The Investment Migration Council (IMC) is the worldwide association for investor immigration and citizenship-by-investment, bringing together the leading stakeholders in the field and giving the industry a voice. The IMC sets the standards on a global level and interacts with other professional associations, governments and international organisations in relation to investment migration. The IMC helps to improve public understanding of the issues faced by clients and governments in this area and promotes education and high professional standards among its members.

 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, or stored in any retrieval system of any nature without prior permission of the publisher. Application for permission for other use of copyright material including permission to reproduce extracts in other published works shall be made to the publisher. Full acknowledgment of author, publisher and source must be given. Nothing in this newsletter shall be construed as legal advice. Professional advice should therefore be sought before any action is undertaken based on this publication.


As of June 2018 Ioannis Valmas, head of Valmas Associates, has been awarded the Greek Golden Visa Program of the Year 2018 - Greece award by Global Business Insight for his work on Greek Property Law & Immigration to Greece by Real Estate Investment.

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, or stored in any retrieval system of any nature without prior permission of the publisher. Application for permission for other use of copyright material including permission to reproduce extracts in other published works shall be made to the publisher. Full acknowledgment of author, publisher and source must be given. Nothing in this newsletter shall be construed as legal advice. Professional advice should therefore be sought before any action is undertaken based on this publication.

A recent amendment to the Law governing Residency by Investment in Real Estate (Art. 20 paragraph B, Law 4251/2014) has been made with the enactment of Law 4546/2018.
According to Article 38 paragraph 8 of Law 4546/2018, with effect from September 12th 2018,  in regards to applications for residence permit for owners of real estate property, the State Fee will be increased from 500 EUR per adult to 2000 EUR for the investor and 150 EUR for adult family members. This government fee will be borne by both new applicants or applicants who renew for another 5 years. Please be reminded that the residence permit must be renewed every 5 years.

Persons under the age of 18 will not be required to pay the above State Fee as there is no State Fee for minors.

Applications for residence permit made prior to  the 12th of September will bear the lower fee of 500 EUR per adult applicant.

The investment threshold of 250.000 EUR still remains unaffected making Greece the lowest cost country for Residency by Investment in Real Estate in Europe.