With Greek residency, we have permanent access to Europe and freedom to travel, invest, and educate our children here – all while staying close as a family.
Ali R.
Entrepreneur , Iran
| Main applicant |
45 y.o. |
| Spouse |
41 y.o. |
| Children |
13, 9 y.o. |
| Grandmother (maternal) |
66 y.o. |
goals
Client Requirements
- Secure EU residency for the entire family
- Enable European schooling for the children
- Ensure the grandmother can accompany and support the children
Situation
Amid regional uncertainty and tightening travel restrictions for Iranian citizens, the family sought a durable solution that would provide stability, mobility, and educational access. With two children approaching key academic milestones, the parents wanted the flexibility to enrol them in leading European schools within two years.
As active entrepreneurs with frequent travel, they also needed trusted family support on the ground. The children’s grandmother, already central to daily family life, agreed to relocate to supervise routines and care for the children when the parents were away.
Solution
Astons recommended the Greek Golden Visa as a fast, family-friendly route delivering visa-free Schengen mobility and access to EU systems (education, healthcare, banking).
The family selected a €810,000 apartment in Pallini (Athens), a well-connected residential area combining lifestyle appeal with rental demand. In Attica, the standard minimum investment is €800,000 for a single property over 120 sq.m. Alternatively, investors may qualify from €250,000 by purchasing restored commercial buildings converted into modern residences; developers deliver fully renovated units, offering a lower entry threshold without project management burden.
“For us, real estate wasn’t just a way to qualify for residency – it was a smart investment. Even if our personal plans change, the property gives us asset diversification. It’s in a great location, can easily be rented out, and the value is already going up,” says Ali.
The location provides convenient access to top international schools, including Campion School Athens (British curriculum). Within six months, all residence permits were approved, enabling the family to live, travel, and plan their children’s education in Europe with confidence.
Step-by-Step: How the Family Secured Greek Residency
1. Initial Consultation with Astons
The family articulated three priorities: EU residency, a clear education pathway, and inclusion of the grandmother as caregiver. Astons advised that the investment could not be transferred directly from Iran, and recommended compliant channels in Dubai and Türkiye for fund transfers.
2. Property Selection & Legal Preparation
Astons’ Athens team presented pre-vetted properties aligned with lifestyle and yield targets. Legal due diligence commenced in parallel.
3. Visit to Athens
On arrival, the family met an Astons coordinator, legal counsel, and a Persian-speaking translator. They completed viewings, assessed neighbourhoods, and consulted local school advisers.
4. Power of Attorney
Key formalities, including issuance of Power of Attorney, were completed during the visit to streamline execution.
5. Real Estate Transaction Finalised
The family chose a modern apartment in a family-friendly district. Payment was made via their Dubai account. Astons handled contract execution, legal checks, and property registration.
6. Golden Visa Application Submitted
Applications for all five members were submitted remotely by the legal team from Astons’ Athens office.
7. White Paper Issued
Temporary residence documentation (“white paper”) was issued promptly, enabling the family to remain in Greece and travel within the Schengen Area.
8. Biometric & Residence Permits Granted
On their return trip, the family completed biometric enrolment. Five-year residence cards were issued shortly thereafter, with indefinite renewals available while the investment is maintained.
Comparison of Residency-by-Investment Programmes in Europe
| Program |
Investment Threshold |
Processing Time |
Schengen Access |
Physical Presence Requirement |
|
Cyprus
Residency
|
from €300,000 |
8 months |
None |
None |
|
Greece
Residency
|
from €250,000 |
4 months |
None |
None |
|
Hungary
Residency
|
from €250,000 |
4 months |
None |
None |
|
Malta
Residency
|
from €169,000 |
9 months |
None |
None |
|
Portugal
Residency
|
from €500,000 |
18 months |
None |
None |
Investment Summary: Golden Visa Entry Property
Apartment in Athens
€810,000
| Property Transfer Tax (3.09%) |
€25,029 |
| Land Registry Fee (0.6%) |
€4,860 |
| Notary Fees (~1.5%) |
€12,150 |
| Immigration Fee (3 adult family members) |
€1,560 |
| Residence Cards (€16 x 5) |
€80 |
| Translation Services |
€300 |
| Private Health Insurance |
€1,500 |
|
Additional Costs:
|
|
| Astons legal and service fees |
determined on a case-by-case basis |
| Total Investment: |
€855,479 |