According to par. 5 article 20 of Law 4251/2014: “The residence permit of the investor can be renewed for an equal period of five years, each time, as long as he still has the ownership of the real estate property and of course meets the rest conditions of the law”.
Furthermore, according to par. 7.A. article 20 of Law 4251/2014: “when an investor, who is a Golden visa holder, sales his property, he should submit over the notary a certification, which verifies, if he has obtained the Golden Visa based on the purchase of this particular property or not”.
Furthermore, based on the article no. 24 par. 1 of law 4251/2014, it is defined that: “The residence permit is granted or revoked or is not renewed, if the conditions of the law are no longer met”.
Therefore, although law refers actually to the case of resale, which is the moist common case, it can be concluded that the above legislation covers every notarial deed, based on which the investor loses the ownership of real estate property in Greece, based on which he has obtained the Golden Visa. Therefore it is also included the case of transferring the property to his son or daughter.
A different interpretation of the law could lead to any circumvention of it.
