Golden Visa Greece: A Guide to Residency in Greece

February 21, 2023

Golden Visa Greece is a residency by investment program that provided residency to more than 28,000 people. This means that more than €6 billion in direct investments has entered the country since 2013.

The program offers several other benefits including family inclusion and visa-free Schengen travel. In this guide, you’ll know more details about the program including its benefits and investment options.

About Golden Visa in Greece

Golden Visa in Greece offers a fast-track route to obtaining Greek residency for eligible applicants. The program was introduced in 2013 as part of the country's efforts to boost its economy. It aims to attract foreign investment into Greece, by offering the opportunity to obtain a Greek residency permit.

Who Is Eligible For The Greece Golden Visa?

Golden Visa Greece is open to non-European Union (EU) citizens who are looking to invest in the country. Also, citizens from outside of the EEA and Switzerland regions can apply. To be eligible for the program, applicants must:

  • Have a valid passport from their country of origin
  • Not have a criminal record
  • Make an eligible investment according to the investment options
  • Be of good character
  • Be at least 18 years of age
  • Have medical insurance for both themselves and their families, and
  • Keep the investment for as long as they have a Golden Visa.

What Are The Benefits of a Greece Golden Visa?

Golden Visa Greece offers a range of benefits to successful applicants, including:

  • Visa-free travel in the Schengen area
  • Inclusion of family members such as a spouse, children, parents, and parents-in-law
  • Low investment requirements like €250,000 in real estate
  • Advantage of applying online until the time of biometrics proof
  • Access to high-quality healthcare and education services in Greece, and
  • The opportunity to live in a beautiful country with a rich cultural heritage, stunning landscapes, and a strong economy.

While there are several benefits of a Greece Golden Visa, note that there are some drawbacks as well. One of them is that Greek residency doesn’t allow you to work in the EU.

Also, there’s no direct Greece citizenship by investment. The naturalization process for Greek citizenship is slightly complicated. It requires you to be a tax resident in the country for seven years. It’s advisable to consult a professional if you consider becoming a citizen of Greece.

How To Apply For The Greece Golden Visa

The application process for Golden Visa Greece is straightforward and involves the following steps:

  • First, you’ll determine the investment criteria you want to pursue. You can buy real estate worth at least €250,000 in Greece. Other investment options include contributions to Greek government bonds, and bonds or shares of real estate investment companies. You can also contribute in some forms of securities or a bank deposit.
  • Then, you’ll obtain a Greek non-resident tax number, and open a bank account in Greece.
  • If you’re buying a property, you’ll execute the legal due diligence of the property by a lawyer. A lawyer can do this on your behalf. Then, you’ll get the promissory sale and purchase agreement. You’ll also get the execution of a public deed.
  • You’ll then prepare the required documents regarding your application. Hiring a lawyer can make it easy at this step.
  • Now, you can visit Greece for the submission of biometric data to the Greek authorities.
  • Then, the authorities approve your application, and you’ll be issued a Golden Visa Residence Card.

Note that you can renew your Golden Visa Greece residence card every five years.

Conclusion

The Greece Golden Visa is an excellent opportunity for non-European Union citizens looking to invest in Greece. The program offers a fast-track route to obtaining Greek residency, along with a range of benefits.

If you are interested in applying for the Golden Visa in Greece, it is important to consult with a professional. In this way, it’s ensured that you meet the eligibility criteria and you’ll be guided through the application process.

If you’re interested in this opportunity, don’t wait longer, and apply today!

 

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I believe in making the impossible possible because there’s no fun in giving up. Travel, design, fashion and current trends in the field of industrial construction are topics that I enjoy writing about.

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