Greece Golden Visa
Greece GV
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Greece Overview
Greece is a Mediterranean nation known for its ancient history, beautiful beaches, and vibrant culture. It is a member of the European Union and the Eurozone, with a population of over 10 million people.
Its economy is largely service-based, with tourism being one of its main industries. In 2019, Greece’s Gross Domestic Product (GDP) was estimated to be $199.5 billion USD, and its GDP per capita was $20,000 USD.
Greece has a Mediterranean climate, with hot, dry summers and mild, wet winters. The country receives over 20 million visitors annually, making tourism a major contributor to its GDP. The cuisine of Greece is renowned for its use of fresh, local ingredients and healthy flavors. Popular dishes include moussaka, souvlaki, and baklava. Greece also has a Golden Visa program, which allows foreign investors to obtain a residency permit in exchange for a qualifing investment. This program has been successful in attracting foreign capital and helping to stimulate the nation’s economy.
Greece Golden Visa
Greece’s Golden Visa program offers a residency permit to non-European Union citizens who invest a minimum of €250,000 in Greek real estate. The program was introduced in 2013 to boost the country’s economy and has since attracted thousands of investors worldwide. The visa permits holders to travel freely within the E.U. Schengen zone and provides a pathway to Greek citizenship after seven years of residency. The program has been particularly popular among Chinese and Turkish investors, who view it as a way to secure a foothold in the E.U. and gain access to its markets. However, critics have raised concerns about the program’s potential to fuel corruption and inflate property prices in Greece.
The Greek Golden Visa is a simplified program for investors looking to gain residency that could lead to citizenship in Greece. The program provides an expedited route for investors to obtain a Greek residency permit and later Greek citizenship. The Golden Visa program is especially attractive for non-EU citizens who are looking to gain access to the European Union.
The Greece Golden Visa program has become increasingly popular among investors and individuals seeking residency in Europe. With the help of our services, we guide you through the application process and assist you in meeting the requirements for obtaining a visa. Our team of experts ensures that your application is completed accurately and efficiently, providing you with the best chance of success. We understand that the process can be overwhelming, but we are here to make it as smooth and stress-free as possible. Let us help you obtain your Greece Golden Visa and make your dreams of residency in Europe a reality.
The program requires an investment in one of the following:
- Real estate valued at €500,000 in Southern, Central, or Northern Athens, as well as Santorini, Mykonos, and Thessaloniki
- Real estate valued at €250,000 or more in any other parts of Greece
- Financial products (deposits, etc) in the amount of €400,000
- Establishing a business with a capital of €250,000
The Golden Visa allows investors to become eligible for a five-year residency permit. This permit can be renewed every five years, and after seven years of residency as a tax resident, investors can apply for Greek citizenship. The Golden Visa program is a great way for investors to gain access to the EU and the many benefits that come with it.
Content Table
Qualification Criteria
To qualify for the Greek Golden Visa an investor must:
- Be over 18 years of age
- Have a clean criminal record
- Make a qualified investment
Eligible Family Members
The Greek Golden Visa allows investors to add the following dependents to their application:
- Spouse
- Dependent children below the age of 21
Investment Options
Investors must maintain their investment to maintain their Golden Visa, so it is important that the Greek Golden Visa has four different investment options to enable investors to choose the one they are most comfortable with. These options are:
1) Real Estate Investment
Investors can purchase any property or properties they want within Greece to qualify for the Golden Visa on the condition they meet the minimum investment requirement for that area.
Northern, Central, and Southern Athens, as well as Thessaloniki, Santorini, and Mykonos, require a €500,000 investment, while the rest of Greece requires a €250,000 investment in real estate.
2) Financial Products
Investors can make a deposit of €400,000 in a certified, regulated Greek financial institution to qualify for the Golden Visa. The deposit can be made in any Greek bank but it must be made in Euro.
3) Business Establishment
An investor can establish a business for no less than €250,000 in capital and run it (or delegate running it) to qualify for the Golden Visa. As long as the business is running, the investor maintains their residency status.
The Process
Greece’s Golden Visa Program has a streamlined process consisting of a very short list of steps:
The Benefits
The Greece Startup Visa comes with a plethora of benefits, including:
- Straightforward application process: The entire process is simple and takes a few weeks of preparation, making it one of the simplest ways to get a residency in the EU.
- No residence requirement: Greek Golden Visa holders do not need to spend seventime in Greece to maintain their status.
- Possibility to live and work in Greece without the need for a work permit: Golden Visa holders are free to reside, work, and study in Greece as local residents, making the Golden Visa a great option for those looking to elevate their family's living standard.
- Possibility to travel freely within the Schengen area: As EU residents, Golden Visa holders can access the Schengen Area without the need for a visa.
- Route to Greek citizenship after seven years of residing as tax residents Golden Visa holders can qualify for naturalization.
- No need to renounce citizenship in home country: For those wanting to obtain citizenship it is important to note that Greece allows dual nationality.
- Qualification to Greece’s Non-Dom tax regime: Golden Visa holders can qualify for the Non-Dom Tax Regime which provides benefits regarding income tax.