Greece Golden Visa Program 2026: Current Investment Requirements and Application Process

Introduction

The Greece Golden Visa Program 2026 remains one of the most significant residence-by-investment programs available to non-European Union investors. The program allows qualifying third-country nationals to obtain a renewable Greek residence permit by completing an investment that satisfies the requirements of Greek immigration legislation.

Although the program was historically associated with a uniform real estate investment threshold of €250,000, this description is no longer accurate. Greece has introduced a location-based and property-specific system under which the minimum investment may be €800,000, €400,000 or €250,000.

The applicable threshold depends on several factors, including:

• The geographical location of the property;
• The legal use of the building;
• Whether the investment concerns a standard residential property;
• Whether a commercial property is converted into residential use;
• Whether the property is officially designated as a listed or protected building;
• The surface area of the property;
• Whether the investment concerns one property or multiple independent properties.

The principal legislative framework is contained in the Greek Migration Code, Law 5038/2023, particularly the provisions governing residence permits for investment purposes. The real estate rules were materially amended by Law 5100/2024, which introduced the current differentiated investment thresholds and additional restrictions. The official Greek administrative procedures updated in 2026 continue to refer to Article 100 of Law 5038/2023 as the legal basis for real estate Golden Visa applications.

The Greece Golden Visa is a residence permit, not a direct citizenship-by-investment program. It may provide long-term residence rights in Greece and short-stay travel rights within the Schengen Area, but it does not automatically grant Greek nationality, an unrestricted right to work or a permanent right to settle in another European country.

For this reason, every prospective applicant should conduct a legal, technical, tax and immigration assessment before signing a property reservation form, preliminary agreement or final purchase deed.

What Is the Greece Golden Visa Program?

The Greece Golden Visa Program is a legal residence-by-investment mechanism for qualifying third-country nationals.

A third-country national is generally a person who is not a citizen of Greece, another European Union Member State, the European Economic Area or Switzerland.

Under the real estate route, the applicant completes an eligible investment in Greek immovable property and subsequently applies for a residence permit for investment purposes. Other forms of qualifying investment may also be available under separate provisions of Greek law.

The residence permit is generally granted for five years. It can be renewed for additional five-year periods if the investor continues to satisfy the conditions connected to the qualifying investment. Current official Greek procedures expressly identify a five-year validity period for Golden Visa permits relating to listed properties and other qualifying categories.

The program is especially attractive to investors seeking:

• A renewable European residence permit;
• The right to reside in Greece;
• A residence solution for eligible family members;
• Short-term travel within the Schengen Area;
• Access to the Greek property market;
• A possible long-term route toward naturalisation, provided that the separate citizenship requirements are fulfilled.

The permit must not be presented as a European Union passport or as an automatic right to live and work anywhere in Europe.

Greece Golden Visa Investment Requirements in 2026

The most important legal issue is determining which investment threshold applies to the selected property.

The standard real estate thresholds are currently divided into three principal categories:

1. The €800,000 high-demand area threshold;
2. The €400,000 general regional threshold;
3. The €250,000 special property threshold.

In addition, Greece has introduced a €250,000 investment route linked to qualifying startup companies, which operates under a separate legal and administrative framework.

The €800,000 Golden Visa Investment Threshold

A minimum real estate investment of €800,000 generally applies in the areas of Greece that experience the highest level of property demand.

The higher threshold applies in areas including:

• The Region of Attica;
• The Regional Unit of Thessaloniki;
• Mykonos;
• Thira, including Santorini;
• Greek islands with a population exceeding 3,100 inhabitants according to the relevant official census.

The Attica Region includes Athens and a substantial part of the wider metropolitan area. Therefore, an ordinary residential property purchased in Athens will generally not qualify under the old €250,000 threshold.

Enterprise Greece, the official Greek investment and trade promotion body, confirms that the €800,000 threshold applies to the most sought-after markets, including greater Athens, greater Thessaloniki, Mykonos, Santorini and qualifying islands with populations exceeding 3,100.

Single-Property Requirement

The €800,000 investment must generally concern one property.

An investor cannot normally purchase several unrelated small apartments and combine their values to reach the €800,000 minimum. The title structure, horizontal ownership status and cadastral registration of the selected property must therefore be carefully examined.

For example, a building advertised as one commercial opportunity may legally consist of five independent horizontal properties. Unless the structure satisfies the statutory requirements, the acquisition may not be treated as a single qualifying property.

Minimum Surface Area

Under the standard €800,000 route, the property must generally have at least 120 square metres of main-use space.

The 120-square-metre condition relates to the property’s legally recognised principal areas. Parking spaces, storage rooms, basements, balconies and other auxiliary areas may not necessarily be included in the calculation.

Enterprise Greece confirms that residential properties acquired under the new standard thresholds must generally be at least 120 square metres.

An engineer should verify the qualifying area by reviewing:

• The building permit;
• Approved architectural plans;
• The Electronic Building Identity;
• The cadastral record;
• The horizontal ownership deed;
• Planning regularisation documents;
• The seller’s title deed.

The area stated in an online advertisement should never be accepted as conclusive legal evidence.

The €400,000 Golden Visa Investment Threshold

A minimum investment of €400,000 generally applies to standard real estate acquisitions outside the designated €800,000 regions.

This category may cover properties in:

• Mainland regions outside Attica and Thessaloniki;
• Smaller Greek islands below the statutory population threshold;
• Parts of Central Greece;
• Western Greece;
• The Peloponnese;
• Northern Greece outside the Thessaloniki region;
• Other regional property markets.

The €400,000 route is subject to the same two important structural requirements as the €800,000 route:

• The investment must generally concern one property;
• The property must generally contain at least 120 square metres of main-use space.

The fact that a property is located outside Athens does not automatically prove that the €400,000 threshold applies. The exact municipality, regional unit, island classification and population data must be verified before the transaction.

A professional legal opinion should identify the applicable threshold by reference to the property’s official cadastral and administrative location.

The €250,000 Commercial-to-Residential Conversion Route

The €250,000 threshold remains available where a property is lawfully converted from commercial or another non-residential use into residential use.

Under this category, the applicant must acquire full ownership and possession of a single qualifying property with a minimum acquisition value of €250,000.

Unlike the €400,000 and €800,000 standard routes, the 120-square-metre minimum does not apply to the change-of-use category. The official Greek administrative procedure expressly states that the investment must concern one property but that there is no restriction regarding the surface area of the main spaces.

Completion of the Change of Use

The physical appearance of a property is not sufficient. A former office that has been furnished as an apartment does not necessarily constitute a lawful residential property.

The change of use must be legally completed before the Golden Visa application is submitted.

Current official guidance states that the change of use must have been completed after 5 April 2024, which was the date on which Article 64 of Law 5100/2024 entered into force, and before the residence permit application is filed. Special rules may apply where an earlier permit was revised or updated after that date.

The legal and technical due diligence should examine:

• The original authorised use;
• The permitted planning use in the area;
• The change-of-use building permit;
• The completion documents;
• The Electronic Building Identity;
• Fire-safety compliance;
• Energy performance documentation;
• Condominium regulations;
• Health and residential suitability requirements;
• Registration of the new use with the competent authorities.

Where the property consists of an industrial building, or forms part of an industrial building, the applicant may also need certification showing that no industrial activity has been installed and operating there for at least the preceding five years.

Why the €250,000 Conversion Route Is Legally Complex

Conversion properties are frequently marketed as inexpensive Golden Visa opportunities. However, they may create greater legal risk than conventional residential acquisitions.

Common problems include:

• The seller has not completed the legal conversion;
• The condominium regulations prohibit residential use;
• The conversion permit does not cover the entire property;
• Unauthorised construction exists;
• The property lacks legally recognised residential access;
• The building does not comply with fire-safety rules;
• The cadastral record continues to identify the property as commercial;
• The conversion occurred before the legally relevant date;
• The investor signs the purchase deed before all conditions are satisfied.

The contract should contain clear representations, warranties and termination rights protecting the buyer if the property fails to qualify for the Golden Visa.

The €250,000 Listed-Building Route

A separate €250,000 route is available for investments involving legally designated listed or protected properties.

The applicant must acquire full ownership and possession of property consisting of:

• A listed building;
• Part of a listed building;
• A property on which a listed building is located;
• A protected structure requiring restoration or reconstruction.

The minimum value at the time of acquisition is €250,000. The property must have been formally designated as listed, either in its entirety or, in certain cases, in respect of its façade.

The notarial documentation should identify the relevant Government Gazette decision establishing the protected status of the property.

Restoration Obligations

A lower acquisition threshold does not mean that the total financial commitment will be lower.

Listed buildings may require:

• Structural reinforcement;
• Preservation of the façade;
• Approval from archaeological or heritage authorities;
• Use of specific materials;
• Specialist architectural studies;
• Restoration permits;
• Compliance with mandatory restoration deadlines.

Investors should obtain a detailed restoration budget before completing the acquisition.

Legal counsel should also review the consequences of failure to complete the required restoration. Depending on the applicable legislation and permit stage, failure to comply may affect renewal, transferability and the continuing validity of the investment residence permit.

Tourist Accommodation and Timeshare Agreements

The Greek framework also recognises certain long-term leases and timeshare agreements involving tourist accommodation.

A qualifying agreement must generally have a minimum duration of five years. The contract must specify the relevant annual consideration, and the agreement must be registered with the competent Land Registry or cadastral office.

The official administrative procedure requires documentary evidence concerning the tourist accommodation licence, payment, registration and the five-year contractual duration.

This category must be distinguished from:

• An ordinary hotel reservation;
• A short-term holiday lease;
• An informal rental arrangement;
• The purchase of shares in a hotel company;
• A property management agreement.

The legal nature of the contract must fall within the recognised tourism or timeshare framework.

The €250,000 Startup Investment Route

Greece has also introduced a Golden Visa route for investments of at least €250,000 in qualifying startup companies.

The measure is linked to companies registered within the Elevate Greece startup ecosystem and is intended to direct foreign capital toward innovation, technology and high-growth businesses.

The Greek Ministry of National Economy and Finance confirms that Law 5162/2024 introduced the startup Golden Visa route and that implementing decisions were adopted in 2025. The Ministry’s 2026 progress report continues to identify the minimum startup investment as €250,000.

The startup route is legally and financially different from the property route. Investors must evaluate:

• The eligibility of the target startup;
• Corporate ownership restrictions;
• Capital maintenance obligations;
• Employment or job-creation requirements;
• Investment duration;
• Exit restrictions;
• Shareholder rights;
• Dilution risk;
• Corporate governance;
• Immigration consequences of business failure.

A Golden Visa investment should never be made solely on the basis of a startup’s registration or promotional materials. A complete corporate, tax and financial due diligence review is necessary.

Who Can Apply for the Greece Golden Visa?

A principal applicant must generally:

• Be a qualifying third-country national;
• Hold a valid passport or recognised travel document;
• Have entered Greece lawfully or satisfy the relevant filing conditions;
• Complete a qualifying investment;
• Pay the investment consideration through an approved and traceable method;
• Obtain valid health insurance;
• Not constitute a threat to public order, public security or international relations;
• Provide accurate supporting documentation;
• Submit biometric data;
• Pay the required administrative fees.

Official procedures require a valid travel document, lawful immigration status or visa-exemption status, private health insurance and compliance with public-order and security conditions.

In practice, applicants should also expect source-of-funds and anti-money-laundering controls from banks, notaries, lawyers and other regulated professionals.

Evidence may include:

• Bank statements;
• Tax returns;
• Company financial statements;
• Dividend resolutions;
• Employment records;
• Property sale documents;
• Inheritance documents;
• Loan agreements;
• Evidence of business ownership;
• Documents showing the economic origin of the investment funds.

Can the Property Be Purchased Through a Company?

Certain acquisitions may be completed through a legal entity established in Greece or another European Union Member State.

However, the third-country national may be required to prove that he or she is the sole owner of all shares or other ownership interests in the company.

The current official procedures for the change-of-use and listed-building routes expressly require documentation proving sole ownership where the real estate is acquired through a legal person.

Corporate acquisition should be evaluated carefully because it may create additional:

• Accounting obligations;
• Corporate income tax issues;
• Ultimate beneficial ownership disclosures;
• Annual filing costs;
• Governance requirements;
• Sale and restructuring complications.

Approved Payment Methods

The purchase price or qualifying consideration must be paid in full through legally recognised and traceable payment channels.

Current official procedures recognise methods including:

• Crossed bank cheque;
• Bank credit transfer;
• Payment through an authorised POS terminal using a debit or credit card.

The payment must be directed to an eligible beneficiary account held with a financial institution or payment service provider operating in Greece.

The payment may also be made by the investor’s spouse or by relatives by blood or marriage up to the second degree, subject to appropriate documentation.

Cash payments, undocumented transfers, cryptocurrency settlements or informal set-offs should not be used without a specific legal assessment.

The notary must issue a certificate recording:

• The parties’ details;
• The property details;
• The purchase price;
• The payment method;
• The completion of payment;
• Any contractual conditions;
• Whether the property has previously supported another Golden Visa.

Greece Golden Visa Application Process

Step 1: Select the Correct Investment Route

The first stage is to determine whether the investor will proceed through:

• A standard €800,000 property;
• A standard €400,000 property;
• A €250,000 change-of-use property;
• A €250,000 listed building;
• A qualifying tourist accommodation agreement;
• A startup or another permitted investment route.

This decision should be based on legal eligibility, commercial objectives, risk tolerance and total cost.

Step 2: Obtain a Greek Tax Identification Number

A foreign investor purchasing Greek property will normally require a Greek Tax Identification Number, known as an AFM.

The Greek government provides a procedure for obtaining an AFM for natural persons, including foreign residents and persons acting through tax representatives.

The AFM is required for property transactions, tax declarations and many related administrative procedures.

Step 3: Appoint a Greek Lawyer

A Greek lawyer can act under a properly drafted power of attorney.

The power of attorney may be executed before:

• A Greek consular authority;
• A competent foreign authority;
• A foreign notary.

Where applicable, it must bear a Hague Apostille or consular legalisation.

Official Golden Visa procedures allow an applicant who satisfies the conditions of Articles 96 to 100 of Law 5038/2023 to submit the application through a proxy, including before entering Greece in qualifying cases.

Step 4: Conduct Property Due Diligence

Before signing the final deed, the lawyer should investigate:

• The seller’s title;
• The chain of ownership;
• Mortgages;
• Seizures;
• Prenotations of mortgage;
• Court claims;
• Easements;
• Cadastral inconsistencies;
• Planning violations;
• Building permits;
• Condominium restrictions;
• Existing leases;
• Tax liabilities affecting the transfer;
• Protected-building status;
• Change-of-use legality;
• Previous use in a Golden Visa application.

An engineer should separately inspect the property’s technical and planning status.

Step 5: Sign the Notarial Purchase Deed

Greek property transfers are completed through a notarial deed.

The deed must accurately describe:

• The parties;
• The property;
• The purchase price;
• The payment method;
• The ownership rights transferred;
• The cadastral identification;
• Any conditions affecting completion;
• The Golden Visa category.

The investor should not rely on oral promises made by the seller, developer or agent.

Step 6: Register the Acquisition

The purchase deed must be registered with the competent Land Registry or Hellenic Cadastre.

Current Golden Visa procedures require proof that the transfer deed has been registered or submitted for registration.

Without registration, the buyer may be unable to establish legally effective ownership for immigration purposes.

Step 7: Submit the Residence Permit Application

Golden Visa applications are submitted digitally through the electronic services of the Greek Ministry of Migration and Asylum.

The official listed-building procedure states that applications are filed through the Ministry’s e-services system.

The application file generally includes:

• Passport copies;
• Proof of lawful entry or visa-exemption status;
• Health insurance;
• Notarial purchase documentation;
• Notary’s certificate;
• Land Registry or Cadastre evidence;
• Proof of payment;
• Government fee receipts;
• Biometric documentation;
• Family-status documents where dependants apply.

Foreign public documents may need to be apostilled or legalised and officially translated into Greek.

Step 8: Biometric Enrolment

The applicant and relevant family members must generally provide biometric data for the residence card.

The preliminary legal work and online application may be completed through a lawyer, but biometric enrolment normally requires personal attendance.

Government Fees and Processing Time

The official administrative fee for the principal investor is currently €2,000, together with a €16 residence-card production fee.

The official administrative registry indicates an estimated processing period of approximately 50 to 60 days for several Golden Visa categories. This is an administrative estimate rather than a guaranteed completion period. Actual processing may be affected by biometric scheduling, document deficiencies, cadastral registration and the workload of the competent authority.

Family Members

The principal investor may generally sponsor qualifying family members, including:

• A spouse or legally recognised partner;
• Eligible unmarried children;
• Eligible children of the spouse or partner;
• First-degree ascendants of the investor;
• First-degree ascendants of the investor’s spouse or partner.

Each family member must submit a separate residence permit application and provide the relevant passport, insurance and civil-status documentation.

Marriage certificates, birth certificates and family registry documents issued abroad will generally need legalisation or apostille certification and official Greek translation.

The family member’s permit is linked to the principal investor’s legal status and qualifying investment.

Residence and Schengen Travel Rights

The Golden Visa authorises the holder to reside legally in Greece.

It also generally permits short visits to other Schengen countries for up to 90 days within any 180-day period. A residence permit issued by a Schengen country does not create an unrestricted right to settle or work in another Schengen state.

The holder must comply with the immigration rules of the destination country for any stay exceeding the short-stay limit.

Does the Greece Golden Visa Provide a Work Permit?

The investor residence permit does not itself grant access to salaried employment in Greece.

The official Greek administrative registry expressly states that investor residence permits do not establish a right of access to any form of employment.

An investor may potentially hold shares, own a company, receive dividends or derive rental income, but personally working as an employee or performing regulated professional activity may require separate authorisation.

Short-Term Rental Restrictions

Properties acquired under the amended Golden Visa framework are subject to restrictions on short-term rentals.

Enterprise Greece confirms that residential properties acquired under the new rules may not be used for short-term rental activity.

Investors whose return model is based on Airbnb or similar platforms must therefore exercise particular caution.

Long-term leasing may remain possible, subject to:

• The investment category;
• The property’s lawful use;
• Greek tenancy law;
• Tax registration;
• The terms of the purchase and management agreements.

The investor should obtain legal advice before authorising any rental or management company to use the property.

Taxes and Additional Costs

Real Estate Transfer Tax

The buyer is generally liable for real estate transfer tax.

The Greek Independent Authority for Public Revenue states that the transfer tax rate is 3% of the taxable value. A municipal levy equal to 3% of the principal transfer tax is also imposed. The tax must generally be declared and paid before the transfer contract is completed.

Annual Property Tax

Greek property owners are generally liable for the annual Unified Property Tax known as ENFIA.

Foreign residents must also submit the relevant E9 real estate declaration following the acquisition or another change affecting Greek property rights.

Other Transaction Costs

The investor should budget for:

• Notary fees;
• Land Registry or Cadastre fees;
• Lawyer fees;
• Engineer fees;
• Real estate agent commission;
• Translation and apostille costs;
• Insurance;
• Residence permit fees;
• Renovation costs;
• Property management costs;
• Annual accounting and tax compliance;
• Utility and condominium charges.

The minimum investment amount is therefore not the investor’s total project cost.

Renewal of the Golden Visa

The permit may generally be renewed for further five-year periods if the qualifying investment remains legally valid.

For a property-based permit, the investor must normally continue to own and possess the qualifying property. Official Ministry renewal documentation focuses on the continuation of ownership or the continued validity of the relevant lease.

The program is therefore generally understood not to impose an annual physical-presence requirement solely for ordinary property-based renewal. This should not be confused with the much stricter actual-residence requirements applicable to tax residence, long-term resident status or citizenship.

Selling the qualifying property during the permit period may result in revocation of the seller’s residence permit. The current listed-building procedure expressly confirms that resale during the permit’s validity results in simultaneous revocation of the seller-investor’s permit.

Can the Greece Golden Visa Lead to Citizenship?

The Greece Golden Visa does not automatically grant citizenship.

The standard naturalisation route for a non-EU national generally requires seven years of permanent and lawful residence in Greece, together with additional legal conditions.

Naturalisation may require evidence of:

• Actual residence in Greece;
• Greek-language knowledge;
• Knowledge of Greek history, institutions and society;
• Economic and social integration;
• Tax compliance;
• Genuine links with Greece;
• Absence of disqualifying criminal convictions.

Merely holding a Golden Visa for seven years while living primarily outside Greece should not be assumed to satisfy the naturalisation conditions.

Rejection and Administrative Appeal

A Golden Visa application may be rejected because of:

• An ineligible investment;
• Insufficient property value;
• Incorrect property classification;
• Incomplete change of use;
• Missing documents;
• Untraceable payment;
• Public-order or security concerns;
• Invalid insurance;
• Defective title documentation;
• Inaccurate declarations.

The official procedure for listed-building applications provides for an administrative remedy against a rejection decision. The request must be filed within two months of service of the rejection and is subject to a €50 fee. The authority is expected to decide the request within the applicable administrative period.

Depending on the circumstances, judicial review before the competent Greek administrative courts may also need to be considered.

Principal Legal Risks

The most common Greece Golden Visa risks include:

Purchasing a Non-Qualifying Property

The purchase price alone does not establish eligibility. Location, area, number of properties and legal use must all be examined.

Unlawful Change of Use

A physically renovated office may still be legally classified as commercial property.

Defective Ownership Title

Mortgages, seizures, inheritance disputes and cadastral inconsistencies may prevent effective registration.

Planning Violations

Unauthorised extensions, enclosed balconies, basement conversions and inaccurate floor plans may affect transferability and eligibility.

Improper Payment

Undocumented or unauthorised payments may prevent the notary from issuing the required certificate.

Short-Term Rental Violations

Use of the property for prohibited short-term accommodation may expose the investor to administrative sanctions and immigration consequences.

Misleading Guaranteed Returns

Guaranteed rental or buyback arrangements should be independently reviewed. Commercial promises made by a developer are not guarantees issued by the Greek state.

Insufficient Source-of-Funds Evidence

Banks and regulated professionals may refuse or delay a transaction where the lawful origin of the funds cannot be established.

Conclusion

The Greece Golden Visa Program 2026 remains an important residence-by-investment option, but it is more legally complex than the historical €250,000 property model.

The current real estate framework generally provides:

• An €800,000 threshold in Attica, Thessaloniki, Mykonos, Thira and qualifying larger islands;
• A €400,000 threshold in other areas;
• A €250,000 threshold for qualifying commercial-to-residential conversions;
• A €250,000 threshold for qualifying listed buildings;
• Separate routes for tourist accommodation, financial investments and qualifying startup investments.

The €400,000 and €800,000 standard property routes generally require one property containing at least 120 square metres of main-use space. The €250,000 change-of-use route does not apply the 120-square-metre condition, but the conversion must satisfy strict legal and technical requirements.

Before transferring funds or signing a contract, the investor should obtain:

• A written Golden Visa eligibility assessment;
• A full title search;
• A technical building report;
• A planning and use assessment;
• A source-of-funds review;
• A tax-cost calculation;
• A carefully negotiated purchase agreement.

Proper legal structuring can provide the investor and eligible family members with a renewable five-year residence permit and Schengen travel benefits. An improperly structured transaction may leave the investor with an expensive property that cannot support the intended residence application.

For that reason, legal due diligence should be completed before the property is purchased, not after the residence application has been rejected.

Frequently Asked Questions

What is the minimum investment for the Greece Golden Visa in 2026?

The minimum investment may be €250,000, €400,000 or €800,000 depending on the property’s location and legal category.

Can I obtain a Golden Visa by purchasing a €250,000 apartment in Athens?

An ordinary residential apartment in Athens will generally fall within the €800,000 threshold. A €250,000 property may qualify only under a specific statutory exception, such as a compliant change-of-use property or listed building.

Can I purchase several apartments to reach €400,000 or €800,000?

The standard €400,000 and €800,000 real estate routes generally require the investment to concern one property.

Does the 120-square-metre rule apply to every property?

It generally applies to the standard €400,000 and €800,000 routes. It does not apply to the special €250,000 change-of-use route.

Can I rent out my Golden Visa property?

Long-term leasing may be possible, but short-term rental use is restricted under the amended framework.

Does the Golden Visa allow me to work in Greece?

The investor permit does not itself grant access to salaried employment.

How long is the permit valid?

The residence permit is generally valid for five years and may be renewed if the qualifying investment is maintained.

Can family members apply?

Qualifying spouses or partners, eligible children and first-degree ascendants may generally obtain linked residence permits.

Is there a minimum stay requirement for renewal?

The property-based renewal framework generally focuses on maintaining the qualifying investment rather than annual physical presence. Citizenship and tax residence are governed by separate rules.

Does the Golden Visa guarantee Greek citizenship?

No. Citizenship requires a separate naturalisation procedure, actual lawful residence and compliance with language, integration and other statutory conditions.

Last updated: August 2026.

This article is intended for general legal information and SEO publication purposes. It does not constitute individual legal, tax, immigration or investment advice. The eligibility of a specific applicant or property must be assessed under the legislation and administrative practice applicable at the time of the transaction.