How to get a Golden Visa in Greece.
Greece offers a Golden Visa program, which allows non-European citizens to obtain a residence permit in the country by investing in real estate. This program has become increasingly popular in recent years, as it provides a number of benefits for those looking to relocate to Greece or simply invest in the country.
One of the main advantages of the Golden Visa program is that it allows non-European citizens to live, work, and study in Greece. This makes it an ideal option for those looking to retire in the country, start a business, or simply enjoy the Mediterranean lifestyle.
Another benefit of the Golden Visa program is that it provides visa-free travel throughout the Schengen area. This means that holders of the Golden Visa can travel to other European countries without the need for a visa. This can be especially useful for business travelers or those who frequently travel for leisure.
The Golden Visa program also has a relatively low investment threshold. To qualify, an applicant must invest at least €550,000 in Greek real estate or a €400,000 investment in a Greek company. This makes it an accessible option for many investors, especially compared to other similar programs in other countries. However the application does look at a few more factors during the approval process.
Here are some of the requirements for a Golden Visa in Greece:
Investment: Purchase real estate property in Greece with a minimum value of 250,000 euros or a 400,000 euro investment in a Greek company.
Proof of funds: Demonstrate the lawful origin of the investment funds.
Clean criminal record: Provide a certificate from the country of origin, confirming a clean criminal record.
Health insurance: Purchase health insurance covering Greece and the entire Schengen Area.
Residency: Spend a minimum of 183 days per year in Greece to maintain residency status.
Renewal: Renew the visa every five years by maintaining the investment and meeting the other requirements
Here are some of the benefits of a Golden Visa in Greece.
Residency: Grants residency status to the investor and their family members, allowing them to live and work in Greece and the Schengen Area.
Travel: Provides visa-free travel within the Schengen Area for up to 90 days in any 180-day period.
Security: Offers a safe and stable living environment in the heart of Europe.
Investment: Provides an opportunity to invest in the Greek property market and take advantage of the country's growing economy.
Education: Access to the high-quality education system in Greece and the rest of the EU.
Healthcare: Access to the public health care system in Greece and the rest of the EU.
Citizenship: The possibility to apply for Greek citizenship after seven years of residency.
While this article is NOT financial advice, investing in Greece can also be a smart financial decision. The country has been recovering from a long economic crisis and is now entering a period of growth, which can lead to an increase in property values. It goes without saying, to do your diligent research before making any investment.
Why should you move to Greece?
Greece has a rich culture and history, along with a diverse landscape with its beautiful beaches, islands, and mountains. The Mediterranean climate and a diverse cuisine, make it a place people dream to live.
In conclusion, the Golden Visa program in Greece offers a number of benefits, including the ability to live, work and study in Greece, visa-free travel throughout the Schengen area, a low investment threshold and a rich culture and history. It's a great opportunity for anyone looking to relocate or invest in a country.
The best way to get things started is to book a consultation that will answer your questions and prepare you for the process of locating your investment and finally preparing the application.