Golden Visa Greece is a popular residency by investment program. It provides you a chance to become a Greek Permanent Resident after one invests in Greece's real estate market or other projects. The program was launched in 2013 by its Government to give the real estate market a boost and grow the economy. Moreover, the plan is not just for the investor but also for their family (3 generations). Naturally, the program has attracted several HNWIs to the European Market and the advantages it comes with!
Golden Visa Greece is a top pick amongst the global residency plans for the following reasons:
1. No Strict Eligibility Criteria
The process of getting a Golden Visa Greece has no strict eligibility criteria. It's up to the candidate to reside in Greece or their own country. They are also not required to give an interview or a language proficiency test. Moreover, no particular qualifications are required.
2. Access to Glocal Mobility
Golden Visa holders can get access to visa-free travel within the Schengen area. Interesting fact: The program allows Golden Visa holders to stay in any other Schengen country for up to 3 months every 6 months.
3. Family Inclusion
The golden opportunity of the Golden Visa Greece extends to your family, too. This includes the spouse, kids below 21, parents, and even your parents-in-law who rely on them. So, with one investment, the whole family can enjoy living in Europe.
4. No Residency Requirement
The Golden Visa Greece program differs from the rest. It doesn't require you to live in Greece to keep your residency permit. So, if you have other commitments, business or personal, this is a great pick.
5. Pathway to Citizenship
The Golden Visa may not directly offer Citizenship, but it opens doors for long-term stays in Greece. After a seven-year stay, this could even lead to Greek citizenship. Being a citizen comes with perks! It allows you to enjoy all the rights of the EU, including working and living anywhere in the European Union.
6. Cost-Effective Entry Point
Investing €250,000 in Greece can earn you a Golden Visa, a bargain deal amidst European standards. This ranks Greece as a top choice as compared to other countries where you must invest more money.
7. Island Life, Culture, & More
Greece is made up of thousands of Idyllic Islands and crystal-clear waters! It attracts more than 33 million tourists annually. Usually, the country fascinates individuals who are interested in art, literature, philosophy, and more!
1. Non-EU Citizen: Only non-EU citizens are eligible to apply for the Golden Visa Greece.
2. Real-Estate Investment: An individual is expected to make a minimum real estate investment of €250,000.
3. Strong Morals: It is required that applicants and individuals must have a clear criminal record and proof of sufficient finances.
To qualify for the Golden Visa Greece, applicants must make a qualifying investment in one of the following categories:
1. Real Estate Investment Investors have to buy Greek property that is worth at least €250,000. It could be a home, a business place, or even multiple properties. Just make sure the total cost is up to the mark.
2. Lease of Hotel or Tourist Residences If you don't want to buy, how about leasing? You can get a lease for a hotel or tourist house for a minimum of ten years.
3. Investment in Greek Companies Interested in business? You can invest in Greek companies or buy bonds, stocks, or other investments. This choice isn't as popular, but it's great if you want to help the Greek economy.
4. Capital Transfer Transferring capital by making a bank deposit of €400,000 in a bank in Greece is also okay under this program.
Most people choose to invest in real estate to avail tax benefits from the Greece Government. Want to make a wise decision? Reach out to our experts!
The Golden Visa Greece is a government-approved program that allows individuals to invest in government real-estate projects in exchange for a 5-year residency permit. It's a relatively excellent investment option for individuals. The residential real estate investment options can differ depending on the location in Greece. It can get tricky for you to decide by simply reading about it online. If you want to make informed decisions, then reach out to our investment-based visa expert at Glocal Opportunities today!
Unlike other visas, investment-based visas can differ in terms of criteria and requirements. If you want to invest in Greece, you'd have to make informed decisions about the type of Investment and investment amount. Here's what an advisor would help you with:
1. Expert advice: An investment-based advisor brings a reservoir of expert advice for individuals to make informed decisions while securing a Golden Visa for Greece.
2. Rich-Network: An investment-based advisor is in touch with reliable and trustworthy partners abroad with investment-worthy projects.
3. Investment Strategy: Expert advice will help you develop a strategy to make profitable investments and secure investments based on your financial goals.
4. Changing Immigration Trends: Visa and immigration advisors are usually updated with the latest trends in the industry that may have escaped others' notice.
Thousands of people trust Glocal Opportunities to invest in their dreams! Reach out to our investment-based advisors with your goals and get your undivided attention for them!
Applying for the Golden Visa Greece is easy if you follow a structured path:
Step 1: Talk to a consultant
Hire a trusted Immigration partner like Glocal Opportunities for top-notch investment-based visa advisory. Get reliable assistance for legal advisory, investment options, and more. Moreover, get a tailored strategy to make informed investment decisions.
Step 2: Choose Your Investment Decide on an investment that matches your economic objectives. A common choice is property investment, owing to its straightforwardness and dual benefits of residence and potential property value growth.
Step 3: Secure Your Investment Make Your Investment After selecting your investment, go ahead with the buy or transfer. Always make payments via a Greek bank account under the investor's name.
Step 4: Submit Your Application Submit your application to the immigration authorities in Greece. Make sure to carry the necessary documents along.
Step 5: Biometrics Appointment You need to go for a biometric appointment in Greece. This records your fingerprints and photographs.
Step 6: Receive the Residency Permit Obtain the Residency Permit If everything is met, the permit for residency comes in 2-3 months.
The costs mentioned below are estimates. If you want an accurate estimate of the costs, please reach out to our experts.
1. Legal Fees : By and large, attorneys expect anywhere from €2,000 to €5,000 for their input.
2. Property Taxes : If you buy property in Greece, you'll see a one-time 3.09% levy on the price.
3. Notary and Registration Fees: Expect to fork out roughly 1.5% for notary fees and keep a small reserve, say 0.5%, for registration bills.
4. Residency Application Fee: The price tag on a residence permit rings up to €500 per head.
5. Maintenance Costs: Don't forget to set some money aside for upkeep, protection plans, and local property tax.
In this scenario, financial management and advisory can get confusing and complicated for the applicant. You can make it easier with our financial management assistance services!
The Golden Visa Greece stands out for its low investment threshold and lack of residency requirements. Here's how it compares to similar programs:
Country | Minimum Investment | Residency Requirement | Path to Citizenship |
---|---|---|---|
Greece | €250,000 | None | 7 years |
Portugal | €500,000 | 7 days/year | 5 years |
Spain | €500,000 | None | 10 years |
Malta | €600,000+ | 12 months | 1 year (fast-track) |
Get in touch with our experts for an in-depth analysis of this comparison to make the right decision before investing abroad!
The program looks good, but it's essential to think about possible problems:
1. Streamline Submission of Applications: The Greek property market is better but still sensitive to changes. Investors should really examine the details before buying property.
2. Residency Renewal: The Golden Visa lasts for five years and can be extended if you keep investing. If you sell your property or don't meet requirements, you might lose your residency.
3. Limited Work Rights: The residency permit doesn't give you the right to work in Greece, which could be an issue for some people.
4. Uninformed Decisions: Investors who make uninformed decisions while investing in Greece may struggle in the long run.
5. Other struggling areas may include:
Every year, Greece attracts thousands of tourists, global elites, entrepreneurs, and HNWIs for being one of a kind among European countries. Here's why you should choose Greece as your destination abroad.
1. Discoverable Destination: Most people choose to flock to crowded destinations. Unlike them, Greece is less explored and experienced by people, making it discoverable for its art, history, and tradition!
2. Favorable climate: Compared to some destinations, Greece has a favorable climate, which makes it one of the best destinations in which to live. However, it has four distinct seasons: hot, dry summers, and wet winters.
3. Healthcare, Education and Safety: If you move to Greece with your family, you will have access to its excellent healthcare system and high-quality education. Moreover, if you want to bring up kids in a safe environment, then Greece is the best place to live.
4. Cultural & Literary Richness: From age-old Athens ruins to Santorini's untouched beaches, Greece is a place full of past stories and tradition. Not to mention, its world-popular mythologies are considered in literary works!
5. Tax Incentive privileges: Foreign investors get attractive tax incentives, thereby making it one of the most appealing destinations for people. Learn more about it from our investment-based visa expert.
5. Hidden Real - Estate Gems: Greece is one of Europe's most attractive real-estate markets, accessible to foreigners. Fortunately, it hasn't been discovered much by the world yet.
Industry | Key Highlights |
---|---|
Tourism | Greece, a hot spot for travelers, has a vibrant travel and hospitality business. |
Shipping & Maritime | Greece's large merchant fleet puts them on the global map, and shipping is their economic backbone. |
Agriculture & Food | The country is known for producing high-quality olive oil, wine, and fresh produce, with a strong agricultural export market. |
Technology & Startups | The tech ecosystem is growing, with a rising number of startups in AI, fintech, and software development. |
Real Estate | The real estate market has been expanding, fueled by both domestic demand and foreign investments, especially in tourism and residential properties. |
Renewable Energy | Greece is investing in solar and wind energy, making strides toward sustainability and energy independence. |
Financial Services | With favorable tax laws, Greece is attracting more international financial institutions and services, particularly in fintech. |
Pharmaceuticals & Healthcare | The healthcare sector is expanding, with an increasing demand for medical services and pharmaceutical products. |
Several millionaires are attracted to the Greece Golden Visa Program, including High-Net Work Individuals from India. Its affordable price, simple application, and European residency appeal charm them. If you're an Indian investor looking into this, here are some essential points you need to remember:
1. Attractive Exchange Rate for Investment The required Investment of €250,000 to obtain the Greece Golden Visa is about ₹2.25 crore at current exchange rates. This is a budget-friendly option for High-Net Worth Indians. Compared to similar programs worldwide, the Greek Golden Visa is more economical.
2. Access to Europe for Business and Travel The Golden Visa lets you travel across 27 European countries, thanks to Greece being part of the Schengen Zone. This is a massive benefit if you travel or do business in Europe often.
3. Family Inclusion: A Big Draw for Indian Families Indians often look for options that favor families while exploring foreign investments. The Greek Golden Visa program includes these: - Spouse - Dependents under 21 - Parents of both the investor and spouse.
4. No Residency Requirement for Indian Entrepreneurs It's an excellent program for Indian entrepreneurs wanting to invest in Greece without leaving their country. The program is flexible, letting you stay in India while enjoying Greek residency benefits.
5. Strategic Location for Business ExpansionGreece's location is perfect for Indian businesses to branch into Europe, the Middle East, and North Africa. Living in Greece may also uncover new business options in these areas.
6. Educational Opportunities for Children If you're seeking top education for your kids, Greece has excellent international schools and is near Europe's top universities. It also plugs into the European education network.
7. Pathway to Citizenship for Long-Term Benefits While the Greece Golden Visa Program is primarily for getting residency, Indian investors can apply for Greek citizenship after seven years' continuous residency, letting them access the benefits of EU citizenship. This includes work and resident rights across all EU member states.
8. Ideal for Retirement or Second Home Do you know? The Greek Golden Visa is one of the best ways to retire abroad. For rich Indian retirees or families wanting a peaceful second house, Greece is perfect. Its climate, Mediterranean lifestyle, and rich culture make places like Santorini, Athens, and Crete a hit among luxury property buyers.
9. Simple Documentation Process for Indians The application process calls for certain documents, but with professional help, it's easy. Key proofs for Indians include: - Valid passport - Investment proof - Indian police clearance - Health insurance valid in Greece.
Are you an Indian exploring investment opportunities abroad? Reach out to us for this golden opportunity in Greece! Many Indian investors hire reliable and trusted consultants to navigate the process. We at Glocal Opportunities can help you with the top advisory when it comes to Greek Golden Visas.
Whether you're an entrepreneur, a professional, or a student, our experts from global opportunities can help you achieve success for Greece Golden Visa. Here's how glocal opportunities can help:
1. Expanding Market Reach Expand your client base and lessen reliance on one area. Local viewpoints: Modify goods and services according to distinct markets' cultural and financial necessities. You can remain globally relevant and competitive locally by using this method.
2. Networking Opportunities Constructing a global network aids in connecting with Collaborators to work with professionals and organizations that share your vision. Work with Local influencers to understand cultural nuances and regional tactics.
3. Tailored Investment Strategy As mentioned above, people must often make informed decisions. But before you make any decision, it is essential to understand the process, cost, risks, investment options, and more about this program. Get a tailored investment strategy and proper guidance to secure a Golden Visa Greece with us!
4. Make profitable decisions The intent to invest also means making a profitable decision in the long run. Our experts are highly knowledgeable on this subject, and therefore, they can guide you in the right direction while applying for this program!
Greece Golden Visa is a residency-through-investment program. Upon buying a property worth €250,000 or more, you get a renewable five-year residency.
To secure Greece's Permanent Residency, keep maintaining your Golden Visa investment. Once the five years are up, renew your residency permits.
To gain Greece citizenship via investment, you'd need to hold a Golden Visa for seven years. You must also fulfill residency (Live in Greece 6 months in a year for 7 consecutive years) and language pre-requisites.
To procure a Greece Golden Visa, consider investing in assets like real estate or shares.