Who should own property in Greece: an individual or a company?

Before purchasing property, it is important to determine not only the object and budget but also the future owner. Property can be registered to an individual or a Greek company. The choice affects taxes, expenses, rental income, inheritance, and future resale.

When an individual is suitable

Personal ownership is usually more convenient for an apartment, a family villa, or a single investment property. The process is simpler: the buyer obtains an AFM, signs a notarial deed, registers the title in the land registry, and submits details in the E9 form.

The owner pays ENFIA annually and declares rental income. There is no need to maintain a separate company, manage corporate accounting, or fulfill business registration obligations.

This option is often chosen for personal residence, long-term rentals, and the Golden Visa. However, the structure’s compliance with program requirements must be confirmed before the transaction.

When to consider a company

A company may be useful if the investor plans to acquire multiple properties, engage in construction for resale, operate an apart-hotel, manage real estate, or pursue a joint project with partners.

A corporate structure allows for the distribution of shares, the deduction of business expenses, and the separation of assets from the owner’s personal property. However, this comes with costs for company formation, accounting, reporting, GEMI, and banking services.

Buying a property through a company does not automatically grant the right to a Golden Visa. The ownership structure and composition of participants must be verified in advance with an immigration lawyer.

What to compare before deciding

It is necessary to calculate not only the purchase tax but also the costs of ownership, rental, and future sale. It is important to consider the source of funds, the number of investors, inheritance, liability, and the intended use of the property.

For a single villa, personal ownership is often more straightforward. For development or a portfolio of properties, a company may be more convenient, but only after a tax assessment.

AILIT Group helps choose a secure transaction structure and organizes support. Explore the ENFIA tax, additional purchase costs, and transferring money to Greece.

Conclusion

An individual is more often suitable for personal real estate and single properties. A company is better for business, construction, partners, and multiple assets. The final decision should be made before paying a deposit, in consultation with a Greek lawyer and accountant.