Golden visa for Greece by investment

After the European crisis of 2008, Greece decided to start the golden visa program, through which the investor can obtain residency and citizenship by investing in his real estate.

Greece and its idyllic location, situated at the crossroads of Asia, Europe and Africa and bordered by the Mediterranean and Aegean Seas, has a rich history of mathematics, philosophy and religions.

Greece is known for its Mediterranean-influenced atmosphere, warm summers, mild winters, mountainous nature, long coastline, and popular beaches such as Santorini and Mykonos.

This program helps individuals to enter and reside in all European countries, including Schengen countries, with starting a business, bank account benefits, education and health opportunities for the family.

With the acquisition of Greek residency, you will be a de facto resident at the same time in Portugal, Switzerland, Spain, France, Italy, Germany and the rest of European countries.

It is worth noting that Greece does not require staying in it to maintain its residency, and within 7 years the investor can obtain a European passport from it.

It should be noted also that the investor must seize the opportunity and apply for this program as soon as possible, because the Greek government is studying raising the value of real estate investment during the coming months.

Who is eligible for a golden visa for Greece:

◈ You have about 250,000 EUR and you want to invest it

◈  You want to earn rent through investment

◈  You don’t want to save your property for a long time

◈ Need of a new environment to establish and expand your business

◈ Looking for study opportunities and health plans for you and your family

◈  Looking for a new or additional home where you can work and live in countries with beautiful nature and rich history

◈  Do not plan to spend a lot of time in the country in which you want to invest

◈  You want a European passport

▣ Real estate investment by 250 thousand euros

▣ Taxes, legal fees and administrative expenses are around 6.4% of the value of the property, approximately €16,000

▣ The value of the Golden Visa stamp is €2,000 for the main investor and for each applicant

▣ The property purchase contract fee is 1,000 euros

▣ The investor can obtain the investment located on the mainland or in one of the Greek islands or more than one island with the possibility of sharing with other investors in one property. Or purchasing a 10-year lease / partnership contract from apartments or hotels and tourist resorts.

Requirements for obtaining a golden visa for Greece

➤ Investing in Greek real estate, and you can resell the property that you use to maintain residency and obtain citizenship at any time you want, however, you will lose the ability to reside and obtain citizenship.

➤ Documenting the possibility of self-support and documenting the validity of the funds used in investment.

➤ The applicant must provide health and care insurance from Greek hospitals for himself and his dependents.

➤ Support the file with any additional translated documents.

Residency extension requirements

The questioner may ask what is the condition that makes a person keep his residency and then apply for a Greek passport, the answer is that as long as you do not sell the property, in this case you keep your investment and you have the right to get all of the above with the possibility of extending the residency every 5 years If the passport requirements are not suitable for you.

Requirements for obtaining a Greek passport

In order to obtain a Greek passport, one needs three things. The first is not to sell the property until citizenship is obtained, and the second is to reside for at least 6 months annually in Greece. The third is to learn Greek. These conditions include adults, but for those under the age of 18, they must study for 6 years and then apply for Greek citizenship.

The persons who are entitled to apply for the golden residence with the investor in one application in the current period and later to obtain the Greek citizenship are:

➤ Spouses

➤ Children under 21 of the investor and the spouse

➤ Parents of the investor and the spouse

The golden visa for Greece is characterized by the following:

✓ It is the only European country that does not require any residency from its investors to maintain their residency, with the possibility of extending the golden residency every 5 years online. However, investors are required to travel once to formally sign the power of attorney papers.

✓ After obtaining European residency, you will be eligible to travel directly from your home country to any European country.

✓ Eligibility to start a business, hold shares, and receive income from company cash dividends registered in Greece.

✓ Although access to higher education places requires special examinations, but the education is free in Greece, with eligibility for scholarships to universities and schools from other European countries.

✓ A country whose people speak English comfortably and are very hospitable towards immigrants.

✓ It has many low-cost domestic airlines such as EasyJet and Ryanair, and through them you can fly to all European, Asian and African capitals, as it is located at the intersection of these continents.

✓ What is exceptional about Greece is that this program is open to all nationalities without exception.

✓ Citizens can live and work in any of the 34 EU countries.

✓ Since tourism is the main resource of the state, this means that individuals can easily rent or resell their properties in the future.

✓ With Greek residency, you can obtain European resident status in just two months.

✓ There is no income tax for non-residents, except for rental income tax, with the possibility of opening bank accounts throughout Europe.

✓ Securing physical assets and future security by preserving your investments and wealth and distributing them between your nationality and Greece or other European countries.

Features of a Greek passport

✓ Upon obtaining residency, the investor is entitled to obtain a Greek passport, which ranks ninth among the most powerful international passports, and this means obtaining a European passport for life.

✓ Anyone who holds a Greek passport can enter 184 countries without a visa, which includes Qatar, Japan, South Korea, Britain and all Schengen countries.

To read our other articles and learn about the European Golden Visa Program, you can click on this link, and feel free to contact us if you have any questions about our citizenship and residency by investment programs.