Greece is known for its beautiful landscapes, rich history, and warm Mediterranean climate. In recent years, it has also become a popular destination for investors looking to obtain a European passport.
The Greece passport by investment can be obtained after 7 years of getting the Golden Visa by making a qualifying investment in the country. The Residency by Investment program offers several advantages, including access to the European Union and the ability to live in a country known for its high quality of life.
In this article, we’ll take a closer look at the Golden Visa and Greece passport through the investment program, the available investment options, the benefits of the program, and the steps to acquire it.
Greece Passport by Investment Program
The term “Greece passport through investment program” actually refers to the Golden Visa program, which qualifies investors for citizenship after six years of permanent residency.
This program is designed to attract foreign investors who wish to become citizens of Greece; Through it, non-EU nationals who make a substantial investment in the country’s economy can obtain the Golden Visa and after 7 years the Greek citizenship. The investment must meet specific requirements, most commonly through real estate purchases, and the program provides a clear path to both residency and citizenship.
Introduced in 2013, Greece’s Golden Visa program is the basis for this citizenship route; While the Golden Visa offers permanent residency, it also allows for the possibility of obtaining full citizenship after a 7 years of permanent residence; The Greece passport by investment option is particularly appealing because it grants investors the right to live, work, and travel freely within the European Union.
Greece Passport by Investment Options
There are different investment options available to those seeking the Golden Visa. Each option requires a different level of financial commitment, depending on the area and type of property you choose to invest in as follows:
Real Estate Investment in Main Areas
One of the most popular ways to obtain Greece citizenship through investment is by purchasing real estate in prime locations such as Athens, Thessaloniki, or other high-demand urban areas.
The minimum investment required for these areas is €800,000; This option is suitable for those looking for prime properties that offer potential for high capital gains.
Real Estate Investment in Less-Popular Areas
If you prefer a more affordable option, you can purchase property in less popular regions of Greece; The minimum investment for these areas is €400,000.
This is an excellent opportunity for those looking to balance the cost of investment with the chance to own property in a beautiful Mediterranean country.
Commercial Property Investment
Another investment option is to purchase a commercial property that has been converted into a residential property. This type of investment requires a minimum of €250,000 and is ideal for investors seeking a lower cost of entry while still benefiting from the Greece passport by investment program.
Benefits of Greece Golden Passport
The Greece Golden Visa offers many benefits, making it an attractive choice for investors seeking European citizenship; such as:
- Freedom of Movement: Greece is a member of the European Union and the Schengen Area, which means that holders of a Greece passport through investment can travel freely to 29 other European countries; This visa-free travel is one of the key reasons many investors are drawn to the program.
- Access to High-Quality Healthcare and Education: Greece offers a robust healthcare system, and citizens benefit from access to high-quality public health services; Similarly, Greece is home to a range of reputable universities and educational institutions, making it an attractive option for families looking for better educational opportunities.
- Residency and Citizenship for the Whole Family: The program allows investors to include their immediate family members in the application; This includes spouses, children under 21, and dependent parents, making it an appealing option for families looking to relocate to Europe.
- No Language Requirements or Residency Obligation: Unlike some other countries offering citizenship by investment, Greece does not require applicants to learn the Greek language. Additionally, there is no mandatory residency requirement for maintaining the Greece Golden Visa.
- Opportunity to Apply for Citizenship After 7 Years: After holding the Greece Golden Visa for seven years and meet other requirements, investors can apply for Greek citizenship, provided they have lived in the country legally during this time.
How to Get Greece Passport by Investment
Getting the Greece passport through investment requires following a few key steps:
- Consult a Specialized Agency for Assistance: Consider consulting and ask for help from a specialized agency or legal advisor who has experience with Greece’s Golden Visa program.
- Make the Required Investment: Select the type of investment you wish to make; Whether you choose real estate or another investment route, ensure that the amount meets the program’s requirements.
- Gather Documentation: Once you’ve invested, you will need to gather and submit the necessary documents for your application; This typically includes proof of investment, a valid passport, proof of financial stability, criminal record check, and health insurance coverage.
- Submit Your Application: You can submit your application directly or with the help of a legal advisor or specialized agency.
- Obtain Your Golden Visa: After your application is approved, you will receive your Greece Golden Visa, which allows you and your family to live in Greece; This visa is valid for five years and can be renewed indefinitely as long as the investment is maintained.
- Apply for Greece passport: After 7 years of permanent residency in Greece, you can apply for Citizenship and Passport.
In Conclusion, the Greece passport by investment program offers an exciting opportunity for investors and their families to enjoy the benefits of European citizenship. With its stunning landscapes, rich culture, and access to the European Union, Greece is a desirable place to live and invest.
By making the required investment in Greek real estate, you can obtain residency and eventually citizenship, gaining the freedom to live, work, and travel within the EU; Whether you’re looking for a new home or seeking business opportunities, the Greece passport through investment program provides a clear and efficient path to achieving your goals.