If you’re considering a move to Greece or looking for a way to secure residency in a beautiful and historically rich country, the Greece Golden Visa program is a popular option.
This residency by investment program offers many benefits, including the ability to travel freely across Europe. Let’s dive into everything you need to know about the golden visa greece.
What is The Golden Visa Greece?
The Greece Golden Visa is a residency program that allows non-European Union nationals to obtain residency in Greece by making a qualifying investment; Launched in 2013, the program is designed to attract foreign investment and provide an opportunity for people to live, work, and study in Greece; The most common form of investment is purchasing real estate.
Eligibility Requirements for the Greece Golden Visa
The essential eligibility requirements for the golden visa greece; include:
- Applicants must be non-European Union nationals seeking residency in Greece through investment.
- A qualifying investment must be made, such as purchasing real estate in main or other areas
- The investor’s family, including a spouse, children under 21, and parents, can also apply for residency.
- Applicants must provide proof of financial stability and the capacity to sustain the investment in Greece.
- Required documents must be submitted for residency approval, ensuring compliance with Greek immigration rules.
Golden Visa Greece Investment Options
The golden visa greece program primarily offers the real estate investment options as follows:
- Option 1: Converting Commercial to Residential Properties
One of the most attractive options under the new regulations is converting commercial properties into residential ones. Investors can buy a commercial property valued at €250,000 that will be converted into a residential space, regardless of location or size. In most cases, this conversion is done by the developer with no additional work on the investor’s end.
- Option 2: Investing in Properties Worth €800,000
For high-budget investors, an option is to invest in properties with a minimum area of 120 square meters located in prime locations, such as the Attica region, Thessaloniki, Mykonos, Santorini, and large islands with over 3,100 inhabitants. Although the minimum investment is €800,000, the return on investment can be substantial.
- Option 3: Investing in Properties Worth €400,000
In other parts of Greece, investors can obtain the Golden Visa by investing €400,000 in a property with a minimum area of 120 square meters.
Benefits of the Greece Golden Visa
The Greece Golden Visa offers numerous advantages for those looking to move to Greece; including:
- The program grants the right to live and work in Greece, providing flexibility for long-term residency.
- Holders can travel freely within the Schengen Area, which includes 26 European countries, without additional visas.
- There are no minimum stay requirements, allowing for greater flexibility in residency commitments.
- The residency permit is renewable indefinitely as long as the original investment is maintained, ensuring long-term residency options.
- Family members can be included in the application, providing a pathway to European residency for the entire family.
- Investors gain access to Greece’s healthcare and education system, benefiting from high-quality services.
How to Apply for the Greece Golden Visa
Applying for the golden visa greece involves a clear and straightforward process that starts with choosing your investment option and ends with receiving your residency permit; as follows:
- Contact an Authorized Agent: The authorized agent will guide you through the application process, ensure compliance with all program requirements, and provide expert advice and support every step of the way.
- Choose Your Investment: Select a qualifying real estate investment.
- Prepare Required Documents: Gather documents such as proof of investment, identification, and financial stability.
- Submit Application: Submit your application to Greek authorities with all necessary paperwork.
- Wait for Approval: The approval process typically takes 2-3 months.
- Receive Golden Visa: Upon approval, you and your family will receive residency permits.
In conclusion, the Greece Golden Visa provides a straightforward path to residency in one of Europe’s most attractive countries; With multiple investment options and a simple application process, it’s a viable solution for those looking to secure a European residency.
Whether you are seeking to move to Greece permanently or simply want to enjoy the flexibility of European travel, the Greece Golden Visa is an investment that opens doors to numerous opportunities.