How to get a golden visa in Greece?
To qualify for a Golden Visa for Greece, you must make one of the following investments:
- Purchase a real estate property worth at least €250,000
- Sign a lease agreement with a hotel or tourist establishment for at least 10 years
- Make a capital investment of at least €400,000 in a company registered in Greece
- Make a €400,000 investment in Greek government bonds.
What is a Greek golden visa?
The Greece Golden Visa Program is a residence-by-investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. The residence permits may be renewed every five years.
What visa do I need for Greece?
- Passport: valid for a minimum of 3 months from date of departure from the Schengen Area and issued within the last 10 years
- A Schengen visa
- Proof of funds sufficient for the entire stay in the Schengen Area
- Evidence of onward travel such as a return flight ticket
Are renovation costs included in the Greek golden visa?
Portugal's Golden Visa programme starts at €280,000 however the property should be in a suburban area for an old property in need of renovation. In Greece, whether the property is old or new, in the city or countryside, the investment requirement is the same.
How does Greece Golden Visa work?
A Greek Golden Visa allows you to invest a specific amount of funds in an approved project, most commonly in real estate, and in return, you gain permanent residence in Greece. Afterward, you can use your permanent residence to apply for citizenship if you meet the requirements.
How much is a Greek Golden Visa?
A Golden Visa is granted to you and your family if you invest 250,000 euros or more in real estate in Greece.
What does a Golden Visa get you?
A Golden Visa refers to the immigration program which allows wealthy individuals to get a residence permit or even citizenship in another country simply by purchasing a house there or making a relatively large investment or donation.
How long does it take to get a Greek Golden Visa?
between 3 to 5 monthsThe processing time for a Greece Residency Golden Visa is between 3 to 5 months. Collect Supporting Docs. Build Application.
Is Greek Golden Visa worth it?
The Greece Golden Visa Program is considered one of the most affordable residence by investment programs that provide access to Europe. Successful applicants and their families are able to benefit from visa-free access to Europe's Schengen Area within two months of applying.
Which Golden Visa is better Greece or Portugal?
Greece or Portugal Golden Visa: which program to pick? We recommend applying for the Portugal Golden Visa as it has more investment options, offers great tax benefits to foreign residents, gives its holders the ability to work in Portugal, and ultimately is a faster route to acquiring EU citizenship.
Can you work in Greece with a Golden Visa?
With the Golden Visa Greece, you will not be able to take up any employment and work in Greece or any other EU country. However, you can enjoy the interest on your investment or you can rent out your property to make money.
How long is Golden Visa valid for?
3- Conditions for granting a Golden Visa to family members of a Real Estate Investor:The family members of the Real Estate Investor stated in the Cabinet Resolution (husband or wife and children from the category of unmarried daughters and unmarried sons) are granted a Golden Visa for a period of (5) years.
How long does a Golden Visa last?
two yearsAccording to article 67 of Law 14/2013 regulating the Golden Visa, if the purchase of a Spanish property has been proved, the initial authorisation for the residence will last for two years.
Does Greek Golden visa lead to citizenship?
Golden Visas issued by the EU Member States such as Greece are especially coveted, as they may eventually lead to citizenship and thus access to the EU. The Greece Golden Visa offers immediate five-year residency to the investor as well as their immediate family members, as well as free travel in the Schengen Zone.
Can I get residency in Greece if I buy a house?
Yes, members of the Greek Residency by Investment Programme can obtain a residence permit with minimum investment. All you need to do is purchase property at the minimum of €250,000. This is the most lucrative offering in the EU.
Does buying a house in Greece gives you residency?
Buying real estate in Greece is the most popular option for residency by investment. The procedure is simple, and investors get a residence permit within 2—3 months after submitting documents. There is no need to pass a Greek language proficiency test or live in the country permanently.
How much does it cost to get a Greek passport?
Greek citizenship is obtained by naturalization after several years of residence in the country. The first step is a residence permit. Investors receive it for investments starting from €250,000 buying real estate, shares or opening bank deposits. Greece has a mild climate, warm waters and friendly people.
Can I buy Greek citizenship?
Technically, there is no such category as citizenship by investment. You merely obtain permanent residence status if you purchase private property or invest in the country's economy in some other way.
How much is a Greek visa?
From January 2020 the cost of Greece visa increased to €80 ($88). If you are planning to stay longer than 90 days, you will need to explore obtaining a long-term national visa to Greece....How much is a visa to Greece?Adults€80 (around $88)Children aged 6 to 12:€40 (around $44)children under age 6:free
Can you get a loan for the Golden Visa in Greece?
After the issuance of a residency permit, the investor may obtain a loan in Greece or anywhere else, with a mortgage on the acquired property, under the related terms and conditions of each bank.
What is the golden visa scheme in Greece?
It’s basically a European residency scheme, whereby foreign investors are granted legal residency in the country, in return for a qualifying invest...
What are the benefits of applying to the investment program?
Key benefits include the chance to live in Greece with a permanent residence permit, visa-free access to the European Union, and owning a real esta...
Are there any restrictions in place to buy real estate?
At present, there are no restrictions in place.
How long until I get my Golden Visa?
Once you submit your EU Greece Golden Visa application, it usually takes between 1-2 months to get your residence permit.
Do I have to go to Greece for my application?
As of December 2020, you don’t need to visit Greece before or during the application procedure. However, you will need to go to Greece when the tim...
What family members can I bring when I get the golden visa?
Family members of third country nationals include the spouse, children under the age of 21, and the primary applicant/spouse’s parents. Unmarried p...
Can I work in Greece with a golden visa?
No, unfortunately, you can’t work with the residence permit, not even as a freelancer. The only exception is when you’re acting as a shareholder, C...
Is Greece citizenship possible?
Greek citizenship is possible after being a resident for seven years.
What other golden visa programs exist?
What other golden visa programs exist? The Greece program compares to the Portugal golden visa, a residency by investment option for qualifying inv...
Can I retire to Greece after Brexit?
Following Brexit, British expat will need to follow non-EU application procedures, but you can stay in Greece for up to three months without the ne...
What is the Golden Visa for Greece?
The Golden Visa for Greece is one of the most popular investment visa programs in the EU. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. There are several investment options, but the most common route is through purchasing real estate worth at least a quarter of a million.
How long does a Golden Visa last in Greece?
The Golden Visa for Greece is issued for five years and can be renewed indefinitely as long as you maintain the investment. If you ultimately choose to live in Greece, then after seven years of continuous residence, you can also apply for Greek citizenship.
How often do you need to renew your visa in Greece?
You can keep renewing it every five years, as long as you have still maintained your investment.
How long does it take to get a visa back?
Wait for the visa to be processed. You will usually hear back about a decision within 3 months.
How long does it take to get Greek citizenship?
You can apply for Greek citizenship after seven years of residence. Greece is an EU Member State, so you would have access to the EU free market and visa-free travel to more than a hundred countries.
How old do you have to be to invest in Greece?
You must be over the age of 18. You must not have any history of criminal records, in any country in which you have lived. You must make a significant investment in Greece (see the investment options below). You must have obtained health insurance from a company operating in Greece.
Where to apply for a Greek Golden Visa?
You have to apply for a Greek Golden Visa at the Alien and Immigration Department at the Decentralised Authority in Greece. Before that, you must apply for an entry visa at one of the Greek Embassies or Consulates abroad. An outline of the Golden Visa application process is:
How to get the Golden Visa in Greece?
You must first make a qualifying investment in Greece before you can obtain a residence permit. There are several investment options on the table, which we detail below.
What is the golden visa scheme in Greece?
The Greek Golden Visa Scheme is a perfect option for those looking for a path to EU residency. Whether you’re a non-EU citizen, retiree, digital entrepreneur or investor, the golden visa in Greece enables you to enjoy a relaxing lifestyle, delicious cuisine, and fantastic weather. In no time, you can find yourself feeling at home in this gorgeous nation.
What is golden visa?
In case you were wondering, golden visa programs are the fastest ways for non-EU citizens to obtain residency in the EU, and are packed with attractive incentives.
How long does it take to get a golden visa?
Afterward, the golden visa is issued within 20 business days.
How to invest in Greece?
Open a bank account in Greece. Then, transfer the necessary money to make the investment in your Greek bank account and submit your application to the Greek government.
What are the benefits of living in Greece?
Key benefits include the chance to live in Greece with a permanent residence permit, visa-free access to the European Union, and owning a real estate property with the opportunity to rent it out and gain back in returns.
How long does it take to become a citizen of Greece?
Greek citizenship is possible after being a resident for seven years.
How long does a Greek Golden Visa last?
Launched in 2013, the Greek Golden Visa Program grants a five-year residence permit in exchange for as low as a €250,000 real estate investment in Greece. You can include your family in the residency program. The Greek Golden Visa allows you to live in Greece and travel across the Schengen region, without a visa.
How long is a Greek visa good for?
The Greek government issues the Greece Golden Visa cards valid for a period of five years at a time. Every five years, you are required to renew your residence permit. In order to renew the permit, you must meet the following conditions:
How long does it take to become a citizen of Greece?
However, you may be eligible to apply for naturalization in Greece at the end of seven years, provided that you meet a set of criteria. Below are the requirements to apply for Greek citizenship: You need to: Live in Greece for a minimum of seven years. Be a tax resident in Greece during this period.
When did the Golden Visa change?
Greek Golden Visa Law changed on 23.12.2020. You can now apply for the program completely remotely. You or your dependents don’t have to enter Greece during or prior to the application process.
How many residence permits are there in Greece in 2021?
27,449 residence permits in total have been granted to investors/real estate owners and their families in Greece as of 30 September 2021.
Is the Golden Visa a citizenship?
The Greece Golden Visa program is not a citizenship by investment program. However, you may be eligible to apply for naturalization in Greece at the end of seven years, provided that you meet a set of criteria.
Can I apply for a Greek Golden Visa in 2020?
Thanks to a change made in the Greek Golden Visa program on December 23rd, 2020, you can now make a remote application for Greek Golden Visa program. You need to provide your law firm in Greece with a Power of Attorney (PoA) to be able to do this. How long do I have to live in Greece? This program doesn’t require the investor to live there. However, if you wish to apply for citizenship, then you have to live there for seven years.
What is the legal basis for a Golden Visa in Greece?
Greece introduced the law No 4251/2014 that allows citizens from any non-European countries to acquire a European residence permit by investment, granting them free movement to travel within the Schengen Zone (26 countries).
What is a golden visa?
A Golden visa is a type of residence visa with added benefits , offered by several European countries including Greece. It is an investment scheme that ensures visa-free travel in the Schengen zone to non-European investors and their families.
What is the Golden Visa?
The Greece Golden Visa program allows non-EU/EEA citizens to obtain temporary Greek residence in exchange for an investment in the country.
What Are the Benefits and Drawbacks of the Greek Golden Visas Program?
Each investment you venture into will usually have benefits and drawbacks. Below are a few of the pros and cons of the permanent residency in this country:
What is double taxation in Greece?
Other than being in the ever-growing Greek real estate market and enjoying all the benefits that come with it. The Greek Double Taxation Treaty states that income from outside Greece while residing therein is not subject to taxation. Meaning that you can be maintaining any business you have outside of Greece while enjoying a tax-free external income. It sounds too good to be true, but it is.
How long does it take to become a Greek citizen?
Requiring investors to live and pay taxes in Greece for seven years. But the golden visa Greece program is still the most popular for its low price and very quick obtaining of the residence.
How much capital do you need to invest in Greece?
A minimum capital contribution of €400,000 in bonds or shares of real estate investment companies in Greece
How often do you need to renew your Golden Visa?
Every five years, you can apply to renew your Golden Visa residence card, making it easy to access the permanent residence. Year 7. Step8: Applying for citizenship. Living there for seven years and paying taxes would make you eligible to apply for citizenship and the greek passport.
What happened to Greece in 2008?
Greece got hit hard by the 2008 economic downturn. The recession turned into a full-fledged economic crisis and it lasted, too long.
What is gold visa?
Numerous countries, including a number of European ones, offer legal residency to people who invest in their country. In Europe, these programs are often referred to as “Golden Visas”.
How long is a temporary residence permit valid in Greece?
You will be issued with a proof or receipt of your application that you can then use as a temporary residence permit. This document will be valid for a year, allowing you to live in Greece and to freely travel in the Schengen area.
Why Greece?
Greece, the cradle of democracy and the origin of western civilization, truly has an illustrious past. Western language, arts, politics, even sports and many other aspects of our lives originated in Greece.
Why did Greece start the residence by investment program?
So, the Greek government set up the residence by investment program as part of the effort to attract foreign capital to the country.
How long does it take to get a Greek residency?
Your application will be processed in approximately two months, so the total timeframe for obtaining a Greek residency from start to finish is about three months.
When did the Greek debt crisis hit?
You can probably remember the stand-off between the leaders of the European Union and Greece when the Greek Debt Crisis hit back in 2008.
Is property tax high in Greece?
Property taxes are relatively high. When compared to other RBI programs currently operating, Greece’s property taxes are high. The country actually raised property taxes by some 700% during the economic crisis, and no one can be sure it won’t do it again.
