Greece Golden Visa is a residence permit granted to individuals who invested in the country accordingly. The program has provided thousands of individuals with residency and additional rights since 2013.
Holders of Golden Visa Greece can get these benefits along with their families as well. Real estate purchase is the most affordable option among others in this program.
In addition to residency, Golden Visa Greece lets you travel in the Schengen area visa-free.
Since 2021, it’s possible for you to apply for the program without visiting Greece.
Let’s look at some of the statistics and other details about this program.
How Many People Benefitted From The Program?
Golden Visa in Greece started to accept applicants in 2013. From 2013 until the end of Jan. 2022, more than 9,600 investors have obtained Greek residency. The number reaches around 28,800 if the family members are included. This also means that more than €2,5 billion funds entered Greece throughout these years.
What Are The Benefits of Greece Golden Visa?
From tax benefits to visa-free travel, Golden Visa Greece offers you many benefits.
Live in Greece
You can live in Greece with your family once you’re approved for the program. You can stay in Greece as much as you want. You can also choose not to stay here at all. It all depends on you, and the program doesn’t force you to stay in Greece.
In addition, you’ll have access to education and healthcare benefits, too.
Bring Your Family
Spouses and children under the age of 21 can join the program with the main applicant. In addition, the main applicant’s parents and parents-in-law can also join in Golden Visa in Greece.
Visit the Schengen Area Visa-Free
Typically, non-EU citizens need to get Schengen Visa to travel between the 26 European countries. However, Golden Visa Greece eases the process and allows you to be exempt from such a visa.
Invest a Very Low Amount Considering the European Real Estate Market
Greece is quite an attractive country in terms of its real estate investment requirement. You can qualify to be a Greece Golden Visa holder only by investing a minimum of €250,000. The Greek real estate market is quite affordable now. However, the prices of real estate are expected to keep increasing gradually.
Benefit From Double Taxation Treaties
You can be exempt from some tax benefits in Greece depending on your country of residence. This means that you may not need to pay some taxes in Greece. Similarly, it’s also possible to enjoy tax benefits as a digital nomad, expat, or retiree. Greece provides some incentive tax programs for these groups as well.
Who Can Be Eligible To Apply For Golden Visa in Greece?
You need to meet the following criteria to apply for Golden Visa Greece:
- Being a non-EU/EEA country citizen
- Being at least 18 years of age
- Being of good character
- Having a clean criminal record, and
- Having medical insurance for both yourself and your family.
What Are Your Options While Investing in Greece Golden Visa?
As noted above, the most affordable option is to buy Greek real estate worth at least €250,000.
Another option is to sign a lease agreement valid for 10 years. You can sign it for tourist residences or for hotel accommodations.
A third option is to invest a minimum of €400,000 investment in either:
- Greek government bonds
- Bonds or shares of real estate investment companies in Greece, or
- Shares and bonds of venture funds and private equity having headquarters in Greece.
Is Greece Citizenship by Investment Possible?
Note that there’s not a Greece citizenship by investment program. Golden Visa Greece allows you residency but not direct citizenship. However, it may be possible to apply for naturalization after you’ve completed seven years of residency in Greece. To do this, some criteria need to be met. These include:
- Living in Greece for a minimum of seven years
- Being a tax resident in Greece during these seven years
- Passing a Greek Language test, and
- Showing your interest or connection to Greece and/or the culture.
Don’t not wait anymore and apply today remotely!