Greece has become one of the most attractive destinations for foreign investors, thanks to its strategic location, pleasant climate, and appealing lifestyle. The Greece Golden Visa program, which grants residency to individuals who invest in the country, is an opportunity for those seeking to benefit from its vibrant economy and lifestyle.
This article outlines the Greece Golden Visa requirements, offering insight into what you need to know before taking the step to invest in Greece.
The Greece Golden Visa Program
The Greece Golden Visa program was introduced under Law 4146/2013 to encourage foreign investment in the country; This residency by investment scheme allows non-EU nationals to obtain permanent residency in Greece by investing in real estate.
The program is particularly attractive to investors due to its relatively low investment threshold and the many benefits that come with it.
If you’re considering applying for the Greece Golden Visa, it’s important to first understand the specific requirements for investment and the necessary steps for eligibility.
Greece Golden Visa Investment Options
To meet the Greece Golden Visa requirements, you must invest in real estate; The amount you need to invest depends on the location and type of property. Here’s a breakdown of the investment options:
- Main Areas: If you plan to buy property in the main urban areas of Greece, the investment must be at least €800,000; These areas typically include cities like Athens, Thessaloniki, and popular tourist regions.
- Other Areas: If you choose to invest in less popular locations, the investment requirement drops to €400,000; This offers a more affordable route to obtaining a Golden Visa while still benefiting from residency in Greece.
- Commercial Property: Another option is investing in commercial properties converted to residential use. In this case, the minimum investment is €250,000.
greece golden visa requirements
The main Greece golden visa requirements include:
- Investment Requirements: Applicants must make a qualifying investment in real estate.
- Criminal Record: Applicants must provide a clean criminal record from their home country and from any country where they have resided for more than 12 months in the past five years.
- Health Insurance: Applicants must have valid health insurance covering medical expenses within Greece for the duration of their stay.
- Family Inclusion Requirements: Children under 21 years old, including biological and legally adopted children, may be included in the application; Parents of the main applicant and their spouse can also be included if they are financially dependent.
- Golden Visa Continuation Requirements: To maintain the Golden Visa, applicants must continue to hold the qualifying investment throughout the period of the visa; There is no requirement to live in Greece, but the investment must remain valid.
- Document Preparation and Application Requirements: All required documents must be prepared in advance, including proof of investment, health insurance, criminal record certificates, and family documents, and the application must be submitted properly plus ensuring that all documents are authenticated, translated, and legalized where necessary.
Greece Golden visa application process
Once you’ve met the Greece Golden Visa requirements, the next step is applying for the visa as follows:
- Consult with Experts: Begin by seeking guidance from professionals who can assist you throughout the process and ensure all requirements are efficiently met.
- Choose Your Investment: Select a property that suits your financial objectives.
- Prepare Required Documents: Gather all necessary documentation, including proof of funds, a clean criminal record, and health insurance coverage.
- Submit Your Application: Once your investment is complete, submit your residency application to the Greek authorities.
- Wait for Approval and Receive Your Visa: After a review period, your residency permit will be approved, allowing you and your family to enjoy the benefits of Greece’s Golden Visa.
Greece Golden Visa Costs and Fees
While the primary investment cost is the most significant financial outlay, there are additional costs and fees associated with the Golden Visa application; These include:
- Legal Fees: Professional services such as legal advice, application assistance, and document translation.
- Government Fees: Processing fees for submitting the application and obtaining the residence permit.
Importance of Greece golden visa
The Greece Golden Visa is a popular option for those seeking European residency through investment; The relatively low investment thresholds, combined with the benefits of living in a beautiful and historically rich country, make it a compelling choice for investors. Moreover, the program’s flexibility in terms of family inclusion and the possibility of obtaining citizenship after seven years make it even more attractive.
In summary, meeting the Greece Golden Visa requirements involves making an investment in real estate, submitting an application, and fulfilling eligibility criteria; With the added benefits of travel freedom within the Schengen Area, the ability to renew your residency, and the path to citizenship, the Greece Golden Visa offers a valuable opportunity for those seeking to live and invest in one of Europe’s most desirable countries.