Principal Benefits of the Greece Golden Visa Initiative
Visa-free travel to the Schengen Area of Europe
Not having to live in Greece
Permits for habitation can be obtained in 90–120 days.
Unlimited residence permit expiration date
Possibility of leasing the investment property
The primary applicant’s parents, married spouse, and children under the age of twenty-one are all eligible to reside there.
eligibility to petition for naturalization following seven years of residency
Capacity to own shares and profit from profits of a Greek-registered firm (without working there, nevertheless)
Read More: Residence permit greece
The Greece Golden Visa Program’s requirements
In order to get permanent residence permits in Greece, non-EU nationals and their family members can participate in the residency by investment scheme known as the Greece Golden Visa scheme, which was introduced in 2013. Every five years, the residency permits may be renewed.
The following alternatives qualify for the program:
Investment in real estate in one of the following areas:
EUR 250,000: Specialized real estate investment directed at the repair of listed buildings or the conversion of commercial properties into residential use, irrespective of the structures’ location or size.
EUR 400,000: A single property with a minimum size of 120 square meters must be purchased in order to qualify for Greek real estate purchases.
800,000 euros: For the acquisition of real estate in Thessaloniki, Athens, and islands inhabited by more than 3,100 people
Alternatively, choose one of the acceptable choices listed below:
A ten-year time-sharing or leasing contract worth at least EUR 400,000 or EUR 800,000, depending on the threshold zone, for hotel accommodations or equipped vacation homes
A minimum EUR 500,000 fixed-term deposit with a Greek financial institution
A minimum EUR 500,000 capital contribution to a public limited real estate investment company that only makes investments in Greece; an increase in the share capital of a closed-end investment company or mutual fund; a Greek-based company seeking to increase its share capital; or bonds issued for trading on Greek markets or multilateral trading facilities that are regulated.
Acquisition of Greek government bonds through a Greek credit institution, with a minimum value of EUR 500,000 and a minimum remaining term of three years
Acquiring shares, corporate bonds, or Greek government bonds that are traded on Greek markets under regulation or through multilateral trading platforms, with a minimum acquisition value of EUR 800,000.
Purchase of stocks or shares in a mutual fund that only invests in Greek government bonds, corporate bonds, or shares traded on regulated markets or multilateral trading facilities in Greece, or in an alternative investment fund that was founded in Greece or another EU member state and is only focused on investing in Greece, with an acquisition value of at least EUR 350,000.
Steps and schedule for the Greece Golden Visa Initiative
Step 1: Travel to Greece
Step 2: Select your favored property
Step 3: The application submission
Step 4: Last-minute confirmation
Frequently asked questions about Greece residency by investment program
What is the Golden Visa Program for Greece?
The Greece Golden Visa Program, sometimes referred to as the “Residence by Investment Program,” allows people and their families to live in Greece in exchange for large financial contributions.
What financial choices are there for the Greece Golden Visa Program?
Buying real estate, making capital contributions to Greek companies, and buying government bonds are examples of investment alternatives.
What are the advantages of investing your way into a Greek residence?
Benefits include entry to a rich cultural legacy, the freedom to live and study in Greece, and visa-free travel across the Schengen Area of Europe.
What is the minimal amount of money needed to apply for a Greece Golden Visa?
For specialist real estate projects, a minimum investment of EUR 250,000 is required.
How much time does it take to complete an application for a Golden Visa for Greece?
Three to four months is the approximate processing time.
Is it possible for family members to apply for investment residences in Greece?
Yes, the primary applicant may include in their application their spouse, dependent parents, and dependent children.
What is the Greece Golden Visa Program’s residency requirement?
While maintaining a satisfactory investment is required to renew the residence permit, there are no specified dwelling requirements.
Which papers are needed to apply for the Greece Golden Visa Program?
A valid passport, evidence of investment, health insurance, a spotless criminal background, and further supporting documentation are all required.
Is it feasible to use the residency by investment scheme to become a citizen of Greece?
Indeed, investors may be qualified to seek for Greek citizenship following a period of seven years of residency.
How does one go about applying for a Greece Golden Visa?
Candidates need to select an eligible investment, complete the required paperwork, submit their application, and go through a due diligence procedure.