Greece, with its appealing landscapes, rich history, and warm climate, has long been a popular destination for travelers and investors alike. For foreign investors seeking to live and invest in Europe, Greece residence permit greece for non eu citizens, commonly known as the Golden Visa, provides a pathway to European residency and the potential for future citizenship.
Below, we’ll explore how to obtain a residence permit in Greece, the investment options available, and the benefits that come with being a resident in this beautiful country.
Residence permit of Greece for non-EU citizens
Greece’s residence permit for non-EU citizens is designed to attract foreign investors and their families by offering the opportunity to live in Greece and travel freely across the Schengen Area.
Through the Golden Visa program, non-EU nationals can secure residency by making a qualifying investment in Greece, most commonly in real estate.
The Golden Visa program was introduced in 2013 and has since become one of the most popular residence-by-investment programs in Europe. Non-EU citizens who invest a specific amount in real estate, either personally or through a legal entity, can apply for the Greece residence permit, which is initially valid for five years and can be renewed indefinitely, as long as the investment is maintained.
Investment Options for Greece Residence Permit
There are some ways to qualify for the residence permit Greece for non-EU citizens including:
- Purchase of Real Estate in Main Areas: If you choose to invest in prime locations like Athens or Thessaloniki, the minimum investment required is €800,000; Properties in these areas tend to offer high rental returns and potential for capital gains over time, making them an attractive option for investors looking for prime assets.
- Purchase of Real Estate in Less Popular Areas: For those looking for a more affordable investment option, Greece offers opportunities to purchase property in less popular areas. The minimum investment in these regions is €400,000.
- Purchase of Commercial Property Converted to Residential: Investors can also choose to purchase commercial property that has been converted into a residential property; The minimum investment for this option is €250,000.
Benefits of the Greece Golden Visa for Non-EU Citizens
The residence permit Greece for non EU citizens comes with several benefits; such as:
- Ability to Reside in Greece Without Restrictions: One of the primary benefits of obtaining a Greece residence permit for non-EU citizens is the ability to live in Greece without restrictions. Whether you want to stay in Greece year-round or just visit periodically.
- No Tax Obligations for Non-Residents:Greece does not impose a tax obligation on non-residents, making the Golden Visa an appealing option for those who plan to spend time in Greece without establishing a permanent tax residence.
- Visa-Free Travel Within the Schengen Area: Greece is a member of the Schengen Area, which includes 29 European countries; thus the residence permit Greece for non EU citizens allows you to travel visa-free to any of these countries.
- Family Benefits: The Greece residence permit allows you to include your immediate family members, such as your spouse and children under the age of 21, in your application.
- No Language Requirements: Unlike some other European countries, Greece does not require applicants to speak the Greek language in order to qualify for the residence permit.
- Path to Citizenship: While the residence permit Greece for non EU citizens is initially granted for five years, it offers a path to Greek citizenship. After seven years of permanent residence in Greece, you may apply for citizenship, provided you meet the necessary requirements.
- Dual Citizenship is Permitted: Greece allows dual citizenship, which means that you can maintain your original citizenship while obtaining Greek nationality.
How to Obtain a Greece residence permit greece for non eu citizens
The process for obtaining a residence permit Greece for non EU citizens is straightforward, as follows:
- Consult a specialized agency: Make sure to consult a specialized and experienced agency to help you know the most important conditions and requirements for obtaining a Greek Golden Visa.
- Choose Investment Type: The first step is to decide on the type of investment that suits your preferences and budget.
- Gather the Required Documents: Gather the necessary documents to support your application; These typically include proof of investment, a valid passport, health insurance, and a clean criminal record certificate.
- Submit Your Application: Submit your application to the Greek authorities, either directly or through a legal advisor.
- Receive Your Residence Permit: Once your application is processed, you will be granted your residence permit, which is initially valid for five years; As long as your investment remains intact, you can renew the permit indefinitely.
In Conclusion, The residence permit of Greece for non-EU citizens, also known as the Golden Visa, offers an excellent opportunity for individuals and families to obtain residency in one of Europe’s most desirable countries.
Whether you’re looking to invest in property, enjoy the Mediterranean lifestyle, or secure a future in Europe, the Greece residence permit for non-EU citizens could be the perfect choice for you.