Greece is famous for its ground-breaking ancient civilization, magnificent scenery and Mediterranean cuisine. Located at the juncture between Africa, Asia, and Europe, Greece is among the most attractive European countries for people looking to relocate. A host of stunning islands with glorious beaches and ancient sites make up one-fifth of its total area.
The Greece Golden Visa Program – also known as the Greece Investment Visa – is a perfect option for those who seek to obtain an EU residency and access the world at large, as the program provides incredible benefits and some of the smallest investment options around the world.
Whether you’re a non-EU/EEA citizen in search of a second residency that provides you with excellent healthcare and education benefits, an avid investor aiming to expand your portfolio, or a retiree looking for a beautiful holiday home, the Greek Golden Visa Scheme enables you to relish in a relaxing lifestyle full of delicious cuisine, fantastic weather, and a surplus of family benefits.
The Golden Visa Program has been established in Greece. This program allows international investors to apply for residency in Greece without having to return home.
The Greece Golden Visa Program is a residence by investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. The residence permits may be renewed every five years.
Recently, the Greek government announced plans to expand their Golden Visa Program to include relocations to Greece by eligible foreign nationals.
Investment migration is a form of legal migration used by over 80 sovereign states globally; it comprises various citizenship and residence by investment programmes which allow individuals to gain citizenship or residence rights in return for investments in their host countries.
Here are some important facts you might want to know before investing in Greece’s Golden Visa program
How much does a Greek Golden visa cost?
How much does a Golden Visa cost in Greece? The minimum amount to get a Greece Golden Visa is €250,000. This is the required amount for real estate acquisition. For government bonds or shares, the amount is €400,000.
Who Is Eligible for a Greece Golden Visa?
Eligibility criteria for a Greek Golden Visa are:
You must be over the age of 18.
You must not have any history of criminal records, in any country in which you have lived.
You must make a significant investment in Greece (see the investment options below).
You must have obtained health insurance from a company operating in Greece.
Investment Options for the Golden Visa for Greece
To qualify for a Golden Visa for Greece, you must make one of the following investments:
Purchase a real estate property worth at least €250,000 (add 10% to cover your approximate legal purchase costs)
Sign a lease agreement with a hotel or tourist establishment for at least 10 years
Make a capital investment of at least €400,000 in a company registered in Greece
Make a €400,000 investment in Greek government bonds.
Make a €400,000 investment in bonds or shares of real estate investment companies.
Make a €400,000 deposit in a Greek bank.
Make an €800,000 investment in corporate or government bonds.
Benefits of the Greek Golden Visa
A Greek Golden Visa is one of the most competitive Golden Visas in the EU and offers the following benefits:
The threshold investment options are relatively lower than in most other EU countries with Golden Visa routes.
You can extend the visa to include your family members, like your spouse, (unmarried) children under 21 years of age, and dependent parents of either yourself or your spouse. If your child is over the age of 21, but no older than 24, and they are a student, they may also be included in the Golden Visa application.
You and your family members will enjoy visa-free travel to the Schengen Zone.
There are no requirements to live in Greece for any duration in order to renew the residence permit.
You can choose to rent out your property after purchase.
You can apply for Greek citizenship after seven years of residence. Greece is an EU Member State, so you would have access to the EU free market and visa-free travel to more than a hundred countries.
You can live, work, and invest in Greece.
You have access to Greek education and healthcare
Residence permits for the whole family
Greece allows to obtain a residence permit not only for the investor but also for their immediate family members:
a spouse or partner with whom a partnership agreement has been concluded in Greece;
children under the age of 21 from a common marriage, as well as children under the age of 21 from another marriage, if they are in the custody;
parents of both spouses.
Can You Get Greece Citizenship by Investment?
Yes, you can become a Greek citizen by investing in Greece and obtaining a Golden Visa. However, unlike residency, you cannot apply for Greek citizenship without actually living in the country and paying taxes. You must live in Greece for at least seven years before being eligible to apply for citizenship.
In addition, you must also prove you have ties to the country and knowledge of the Greek language and culture, at least on a basic level.
IPC helps Investors to grant The Golden Visa to their family members. IPC is one of the top golden visa consultants in the world and can help you get Residence permits in Greece.
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Whether you are looking for an investment or you are looking for a plan B, we can help you find the best and the most affordable settings