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Greece
Residency by Investment

Greece, being a member state of the EU, provides its residents and citizens with various comforting advantages, such as a strong emphasis on safety and security, exceptional educational prospects, reliable healthcare choices, and a consistent adherence to the rule of law.

An Introduction to Greece

Greece, located at the crossroads of Europe, Asia, and Africa, is a country with a rich history dating back to 800 BCE, influencing various aspects of modern civilization. It comprises a mainland and numerous islands in the Aegean and Ionian seas, making it a popular business center and tourist destination.
With its warm Mediterranean climate, renowned cuisine, cosmopolitan cities, beautiful beaches, and local traditions and hospitality, Greece attracts many affluent individuals seeking a second home.
As a member state of the EU, Greece provides its citizens and residents with several advantages, such as safety and security, education opportunities, healthcare options, and a reliable rule of law.
The Greece Golden Visa Program is an affordable residence by investment scheme, offering successful applicants and their families visa-free access to Europe’s Schengen Area within two months of applying. It is considered one of the top residencies by investment programs available.

Residence by Investment Overview

The Greece Golden Visa Program is a popular residence by investment program that offers affordable access to Europe for investors and their families. This program provides successful applicants with visa-free access to the Schengen Area within a short period of two months after applying.

The Greece Golden Visa Program allows investors to obtain Greek residency by making an investment in the country’s real estate market. The program was introduced in 2013 and has been attracting investors from all over the world ever since.

To be eligible for the Greece Golden Visa Program, investors must invest a minimum of €250,000 in Greek real estate. This investment can be in the form of one or more properties, as long as the total value of the investment meets the minimum threshold.

One of the most attractive features of the Greece Golden Visa Program is its affordability. Compared to other similar programs in Europe, the investment threshold for the Greece program is relatively low, making it an attractive option for investors who are looking to gain residency in Europe.

Once an investor obtains the Greece Golden Visa, they are able to benefit from a range of advantages, including visa-free access to the Schengen Area. This means that investors and their families can travel freely within the 26 countries that make up the Schengen Area, including popular tourist destinations such as France, Spain, and Italy.

Requirements of Greece Residence by Investment

The Greece Golden Visa Program is a popular residence by investment program that was launched in 2013, allowing non-EU nationals and their family members to obtain permanent residence permits in Greece. The residence permits may be renewed every five years, providing long-term residency for investors and their families.

To qualify for the Greece Golden Visa Program, investors can choose from a range of qualifying options. One of the most popular options is the real estate investment option, which requires a minimum investment of €250,000 in real estate property, along with the applicable taxes. Investors can choose to invest in one or more properties, as long as the total investment meets the minimum threshold. Additionally, investors can opt for a 10-year lease agreement for hotel accommodation or furnished tourist residences in tourist accommodation complexes, a 10-year time-sharing agreement for hotel accommodation, or other qualifying options.

Another qualifying option for the Greece Golden Visa Program is the capital contribution option, which requires a minimum capital contribution of €400,000 to a company that has its registered office or establishment in Greece. Investors can also opt for a capital contribution to a real estate investment company or a closed-end investment company, provided that these institutions invest exclusively in companies with headquarters or establishments in Greece.

Investors can also choose to purchase Greek government bonds with a minimum acquisition value of €400,000, purchase shares or corporate bonds with a minimum acquisition value of €800,000, or purchase units of a mutual fund incorporated in Greece or another country with a minimum value of €400,000. Additionally, investors can choose to purchase units or shares of an alternative investment fund established in Greece or another EU country, which exclusively invests in immovable property in Greece.

Finally, investors can opt for the capital transfer option, which requires a term deposit of a minimum value of €400,000 to a domestic credit institution for at least one year, with a standing order for renewal.

Key advantages of the Greece Golden Visa Program

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1. Visa-free travel within Europe’s Schengen Area
2. No requirement to reside in Greece
3. Residence permits can be acquired within 30–60 days
4. Unlimited expiry date of residence permit
5. Opportunity to rent out the investment property
6. Residence applicable to the whole family (married spouse, children under 21 years  old, and parents of the main applicant and spouse)
7. Eligibility to apply for citizenship after seven years of residence
8. Ability to hold shares and receive income from the dividends of a company registered in Greece (but not to be employed in Greece)

Procedure of the Greece Golden Visa Program

Step 1: Visit Greece

Step 2: Choose the preferred property

Step 3: Submission of the application

Step 4: Final verificatio

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