Opening account in Greece
One of the stages in preparation for acquisition of real
property in Greece is opening of a bank account in the Bank of Greece on the
name of the buyer.
To do this, the buyer needs:
- passport (or inter-country passport with a stamp for registration),
- statement from work on a letter headed paper stating occupation,
- statement of income tax paid for last couple of years.
The reason for opening an account is that it gives the possibility to send money for the transaction (cost of the purchased property and costs for the transaction – notarial and registration fees, taxes).
Thus, these sums can be accumulated on the account and taken from it at the finalising of the deal, close to the signing of the sale and purchase agreement.