The Greece Golden Visa Program has become a popular choice for individuals seeking residency in Europe through investment; This guide simplifies the process, breaking it into manageable steps and highlighting the key benefits.
What Is the Greece Golden Visa Program?
The Greece Golden Visa offers residency to non-EU nationals who invest in Greece; By meeting specific financial requirements, applicants and their families gain the right to live in Greece and travel freely within the Schengen Zone.
This opportunity is perfect for those looking to establish a European base or enjoy the beauty and culture of Greece.
Key Investment Options Under the Program
The program provides various pathways to meet the investment threshold; Understanding these options can help you choose what aligns best with your goals:
- 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.
Application Process of Greece Golden Visa Program
Applying for the Greece Golden Visa may seem daunting, but breaking it down into steps simplifies the journey; as follows:
- Choose an Investment: Decide which investment option suits your needs; Real estate in rural areas remains the most popular due to its simplicity and tangible benefits.
- Submit the Application: Work with legal professionals familiar with the program to prepare and submit your application; This ensures you meet all requirements and avoid delays.
- Provide Biometrics: You and your family will need to submit biometric data as part of the residency process.
- Receive Approval: Once approved, you’ll receive a residency permit valid for five years, renewable as long as the investment is maintained.
Partnering with experts who have experience navigating the Greece Golden Visa can make this process seamless.
Benefits of the Greece Golden Visa Program
Choosing the Greece Golden Visa Program unlocks a wealth of opportunities for individuals and their families; Here’s why many consider it a life-changing investment:
- Schengen Zone Access: Enjoy visa-free travel across 29 European countries, perfect for business or leisure trips.
- Family Inclusion: The program covers your spouse, children under 21, and even your parents, ensuring the entire family benefits.
- Tax Advantages: Greece offers favorable tax policies for new residents, including the option for non-domiciled tax status, which can significantly reduce tax burdens.
- Path to Citizenship: While the program doesn’t directly grant citizenship, it sets the foundation for long-term residency, which may eventually lead to citizenship.
- Cultural and Lifestyle Benefits: Greece offers a Mediterranean lifestyle, excellent healthcare, and an unparalleled quality of life, making it an attractive place to live.
These benefits make the Greece Golden Visa one of the most sought-after residency-by-investment options in Europe.
In conclusion; Greece offers more than just a residency permit; Its vibrant culture, rich history, and stunning landscapes make it an irresistible destination.
Whether you’re exploring ancient ruins, enjoying world-class cuisine, or relaxing on idyllic beaches, Greece has something for everyone. The country also boasts a stable economy and a growing real estate market, making investments under the Greece Golden Visa Program both enjoyable and financially rewarding.