Client story
Client's story
Where they started
Our client approached Greece's Golden Visa as an investor: he needed not only status but also a working asset. The logic is clear - if investing hundreds of thousands in real estate, it should generate income in hard currency rather than simply sit for a residence permit.
Why the standard route did not work
The first thought, like almost everyone's, was short-term rental - Airbnb and similar platforms, which appeared to offer higher returns. But here lies the trap in the new Greek program: for property registered under Golden Visa, short-term rental is prohibited. Violation threatens not just a fine but cancellation of the residence permit itself.
What BRIDGES had to solve
At the same time, property income can be generated - but through legal long-term rental, with a contract for one year or longer. This format is permitted, provides stable income in euros, and does not jeopardize status. For a client who values both profitability and peace of mind, this was the right approach.
Why a standard answer would not do
At BRIDGES, the client came to combine status and income without risk: structure legal long-term rental that generates approximately 5% in euros while fully complying with program requirements.
I wanted my property under the residence permit to also earn money, and immediately thought of Airbnb - it seemed more profitable. Dmitry stopped me in time: for Golden Visa properties, short-term rental is prohibited; you could lose your visa entirely and face penalties. However, long-term rental is not prohibited by anyone. We structured it correctly, and now the property generates approximately 5% in euros - stably and legally. I have both status and income. Good thing I didn't pursue Airbnb myself - I would have faced serious consequences.
