Greece Golden Visa Program is amongst the popular options for worldwide investors to invest in Europe and get Greek Citizenship by Investment. Golden Visa in Greece initially provides a residence permit for five years to non-European Union nationals and their dependents. It brings many benefits, like visa-free travel in the Schengen area and eligibility for citizenship.
An investor gets eligible for citizenship in Greece after seven years of residence. You must live in Greece for at least seven years and pay the required taxes before being eligible to apply for Greece Golden Visa Citizenship. Also, your solid ties with the country should be well documented, and you should acquire at least primary Greek language and culture knowledge.
Greece is an EU Member State, and citizenship gives easy access to the EU free market and visa-free travel to more than a hundred countries. The most attractive part is the investment threshold remains the minimum in Europe. You can do business in the European region, and Greece is a historical tourist place; you can get a good return on investment by renting out properties in a beautiful country known for its mild climate, warm waters, and friendly people. By getting a Greek passport, ranked joint fourth currently on the passport index, a passport holder can travel across 172 countries without many hassles.
Greece Golden Visa Requirements
You can become eligible for a golden visa after a 250K euros investment in real estate. However, the minimum investment amount will change to 500K euros after April 30, 2023, if your target is to purchase a real estate property in municipalities in Athens, Thessaloniki, Mykonos, and Santorini. You can also be eligible for a golden visa with ten years of a signed lease agreement in tourist areas with furnished tourist residences or hotel accommodations.
Other investment options to qualify for a golden visa include a minimum investment of 400K euros in government bonds. Bonds, shares of real estate investment companies, venture funds, and private equity, which have headquarters in Greece, also suffice. The application for a golden visa can now be made entirely remotely.
Besides investment requirements, the general Greece Golden Visa Requirements are:
- Non-EU/EEA nationals can apply
- Minimum age of 18
- No criminal record
- Health insurance of applicant and family
- Good Character
Conditions for real estate investment
You must maintain the investment in real estate property and must own 100% of the company shares if acquired property through a legal entity.
If you lease a hospitability accommodation, the rental amount should be at least 250K euros and the contract period for 10 years. They must require the rent payment for the equivalent of the ten-year leasing of the property.
Renewal of residence permits can be done after every five years. The investor must maintain the investment to be eligible for the golden visa and citizenship application renewal.
DM Citizenship by Investment Consultants works with legal experts to help you secure a golden visa and enable you to apply for second citizenship and passport after you fulfil all the requirements and conditions. You can register with us today for a FREE consultation to check your eligibility for Greece golden visa, investment options and the application process.
