Greece
Greece Golden Visa
Greece is a country in southeast Europe that borders the Aegean Sea to the east and the Mediterranean Sea to the south. Greece is a mountainous region that has gained popularity due to its stunning scenery, extensive history, and historical monuments.
Greece, a member of the EU, provides one of the most popular residences by investment schemes that allows entry into the continent. In order to entice international and non-EU investors and their families to get a renewable five-year permanent residency in Greece, the Greece Golden Visa Program was introduced in 2013. A residential real estate property must be purchased in order to qualify for the Greece Golden Visa, and it must be retained for the duration of the investor’s desire to keep the residency status.
Investors and high-net-worth individuals should anticipate receiving their residence card within six months, at which point they can travel freely throughout the Schengen region of Europe and benefit from several advantages, including the ability to open bank accounts, establish businesses, and hold shares and receive dividend income from companies registered in Greece without moving there.
Applicants for the Greece Golden Visa will also be able to include their complete family as part of one investment package. In this scenario, all family members will be eligible for permanent residency and will immediately have access to top-tier medical centers and educational institutions. Investors and well-off families have the option of applying for Greek citizenship and a passport after seven years of residency.
Investment Scheme:
Real Estate Investment:
Applicants are required to invest the value of EUR 250,000 in a real estate property in order to obtain Permanent Residency in six months’ time.
Property Investment in Greece: EUR 250,000
Golden Visa fees for main applicant: EUR 4,116
Golden Visa fees for spouse: EUR 406
Golden Visa fees for dependents below age 13: EUR 216
Golden Visa fees for dependents between age 13 to 21: EUR 366
Golden Visa fees for parents of main applicant and/or spouse: EUR 1,046
Areas to invest in:
- Athens including Glyfada, Voula, Kolonaki, Vouliagmeni
- Lefkada
- Skyros
- Rhodes
- Crete Island
- Thessaloniki
Benefits of a Greece Golden Visa Citizenship:
- Permits for residency can be granted in six months.
- Visa-free entry to Schengen nations in Europe.
- Greece has no physical residency restrictions.
- Access to renowned educational and healthcare systems.
- No interview is necessary.
- Ability to start a business in Greece and create a bank account.
- Investors may include dependent family members, such as children, spouses, and parents, in their application.
- Possibility of leasing the investment property.
- Eligibility to submit a citizenship application after seven years of residence.
Qualifications:
- A candidate for a golden visa must be at least eighteen years old.
- The candidate for a golden visa must earn at least EUR 2,000 per month, EUR 400 for the spouse, and EUR 300 for each additional kid.
- A potential candidate should invest in real estate appropriately.
- Dependent children under the age of twenty-one may apply with the principal applicant.
Legalities:
In April 2013, Greece introduced Law 4146/2013, which offers a renewable 5-year Greek residency visa to foreign nationals who invest a minimum amount of EUR 250,000 into a residential real estate property that is physically located in Greece.
A residence permit for 5 years is issues and can be renewed indefinitely for a 5-year period each time, provided that the property is still owned by the applicant. However, the residence permits do not allow a right of employment in Greece in any way.
Visa Free Travel:
AustriaBelgium
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Slovakia
Slovenia
Spain
Sweden
Switzerland