Investment Project

GR-72200 Pachia Ammos, Kreta, Gulf of Mirabello

Price upon request


Commercial land in the Pachia Ammos Estate with planning permission for 1/2 high class hotels with up to 35 separate Villas (depending on size) all with private beach access.

Detailed offers for buyers/investors can be presented upon request.


Greek Residency Permit:

• Full family residency from – starting immediately after the purchase.
• It is not necessary to reside in Greece in order to maintain the right of residency.
• VISA-Free travel to all countries with a Schengen agreement. The residency permit holders can also travel from their country of origin without the need to come to Greece first.
• After 7 years of residency, permit holders will become eligible for Greek citizenship.    

A. Permanent residency permits for the investor or real estate owner.

By declaration of the Secretary General of the Decentralized Administration, residence permit for five years, subject to renewal, is granted to a third country national that:  

a) has legally entered the country with any type of visa or legally resides in the country. Even if the type of residence permit does not permit change of purpose.
b) has (personally) the full ownership, possession and peaceful enjoyment of real estate property in Greece. In the case of jointly owned property, worth at least 250,000 euro, the right of residence is granted only if the owners of the property are spouses with indivisible shares in the property. In all other cases of joint ownership, the right of residence is granted only if the joint ownership rate of each joint owner is worth at least 250,000 euro.  

c) has the full ownership, possession and peaceful enjoyment of real estate property in Greece via a legal entity, whose shares are fully owned by him.  

d) has concluded an agreement for at least ten years lease of hotel accommodation or furnished tourist residences in tourist accommodation complexes, pursuant to the Article 8 par. 2 of the Law 4002/2011 (Government Gazette 1, no 180).  

e) has concluded a time sharing agreement pursuant to the provisions of the Law 1652/1986 "Time sharing agreement and related issues" (Government Gazette 1, no 167), as in force.  

B. Issue and renewal of residence permit for investment activity

The entrance and residence of third country nationals is permitted in Greece, for the purpose of making investments that will have a positive impact on national development and economy.   

Depending on the amount and the characteristics of the investment, up to ten third-country nationals may enter and reside in the country, including the investors, for the implementation and operation of the investment.  

Read more details:

Investment perspectives

Local authorities in Crete have already granted planning permissions for 35 villas or mansions in the Pachia Ammos Estate as well as planning permissions for a comparable high class hotel estate/complex.  

Each of the planned villas can have separate access to the beach/seaside/coastline.  

Detailed offers for buyers/investors may be presented on short term upon their request.


Surface of parcel
160000 m²
Please contact mePDF documentation

Your contact

Concern : #1936861 / Land / GR-72200 Pachia Ammos, Kreta

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Ms. Silvia Sbrizzai
+41 81 836 25 51
+41 79 947 24 19