Greece
WHY GREECE?
Greece, which is frequently referred to as the home of Western civilization, is situated in southeast Europe.
Greece is the home of democracy. It is one of Europe's oldest civilizations, rich in antiquities and historical monuments, as well as a stunning natural setting with miles of coastline, hills covered with pine trees, and olive orchards. Greece not only draws tourists from around the world, but it also serves as a point of entry for visa-free travel within the Schengen region.
The Greek government established the Greece Residence by Investment Program in 2013 to making it possible for sincere investors to purchase real estate and gain residency in Greece.
A simple residence process is available in Greece, and there is no minimum duration required.
After a predetermined amount of time, there are other opportunities to apply for citizenship.
Greece is a democratic, prosperous nation with a long history of tourism and a high quality of living. It is also a member of the European Union.
In exchange for making a EUR 250,000 real estate investment, non-EU nationals are given a five-year resident visa under the Immigration and Social Integration Code of 2014. Obtaining the visa takes 60 days.
The five-year residency permit is renewable once every five years.
Key Benefits Of Obtaining A Greece Residency By Investment Passport
- Investment in property for as little as EUR 250,000.
- Permanent residency from day one.
- Visa-free Schengen access.
- Opportunity to live and do business in EU member states.
- Full family residency for applicant's parents and children up to age 21 years.
- No minimum residency stay requirements.
- Extremely pleasant climate coupled with a relaxed lifestyle.
- Good standard of living and free access to Greek healthcare.
- High caliber of education.
- Access to numerous prestigious universities with less EU tuition.
- It takes 8 weeks to become a resident, renewable 5-year residency permit.
- Possibility of leasing the investment property.
- After seven years of residence, the applicant has the ability to apply for citizenship.
- Possibility of owning shares and earning money through dividends of a Greek company (but not to be employed in Greece).
- There is no longer need to travel to Greece to begin your application.
REQUIREMENTS / INVESTMENT OPTIONS FOR GREECE
This is not a citizenship-by-investment scheme, but a residence-by-investment program. While applicants are free to leave Greece at any time, there is no minimum stay requirement and residence in the nation is not necessary to keep and renew the investor visa. The visa permits the holder to reside in Greece, where they may also open a business.
After submitting the supporting paperwork for the real estate acquisition, applicants can submit their applications directly to the Greek immigration office. The applicant, their spouse, their parents, and their minor children are all eligible for this program. Applicants must be above 18, have a spotless criminal record, and have medical insurance that covers their time in Greece in order to be eligible for residency.
Investment
The following investment criteria are available for selection by the applicants:
- Purchase of real estate for residential or business use anywhere on the Greek mainland or islands for EUR 250,000.
- Investing EUR 250,000 in a timeshare agreement for a hotel or furnished home in a multi-use tourism resort with a minimum 10-year term.
Properties may be purchased individually, collectively with other buyers, or as a group of properties totaling EUR 250,000. Prior to submitting an application for the visa program, applicants are encouraged to travel to Greece to look at properties and open bank accounts. By selling the property and returning the residency card, the investor can leave at any moment. The house could be rented out to generate money through rentals.
Fees
A total of 8% of the net property price is spent on fees and expenses related to the purchase of the property and the residency card. 3.09% in real estate taxes are levied on newly purchased property.
Eligibility Requirements
You need to fulfill the following criteria in order to be eligible for a Golden Passport in Greece:
- Be a national of a non-EU/EEA country.
- Age of at least eighteen.
- Possess a spotless crime history.
- Have both personal and household health insurance.
- Be a nice person.
Application Process
Submit application.
Greek authorities issue a receipt of
application, which may be used as a temporary permit prior to residency being granted.
The application is reviewed and diligence checks are carried out.
Golden Visa is issued.
Citizenship may be applied for after
seven years of residency.
