Benefits of the Greece Golden Visa Program
The Greece Golden Visa program offers plenty of advantages for investors. These include:
Reside in Greece
The Golden Visa allows you to live, study, or start a business in Greece. Note that there is no minimum or maximum number of days that you need to spend in the country. So, you can always enter or exit as you want.
Travel without a Visa
It also gives you a free pass to 27 Schengen countries. So, you can travel across Europe without going through the hassles of obtaining a visa.
Relocate with Your Family
You can move to the country with your loved ones. People that can be added to your visa application include your partner, unmarried children, parents, and parents-in-law.
Save on Tax
As a Golden Visa holder, you don't have to pay income tax on any money generated from outside unless you spend more than 183 days of the year in Greece. The country also offers several tax incentives for new residents.
Become a Citizen
After 7 years of permanently living in Greece, you can apply for citizenship. To qualify, you need to be of good character and pass the Greek language test and history exam.
Eligibility Criteria for the Greece Golden Visa Program
Here are the requirements you need to meet to get a Golden Visa in Greece:
- Be a non-EU/EEA citizen
- Have a clean criminal record
- Be at least 18 years old
- Invest at least €250,000 in Greek real estate
- Have health insurance for yourself and your dependants
Investment Options for Greece Golden Visa
There are several investment routes for the Greece Golden Visa: real estate and other financial instruments.
Greece Golden Visa Real Estate Option
A minimum of €250,000: Invest €250,000 in the conversion of commercial properties into residential homes or the restoration of listed buildings. No matter the size or location of the property, you only need to spend up to this amount to qualify for the Golden Visa.
A minimum €400,000: You can also buy real estate worth €400,000 or above in rural areas or less densely populated cities and islands in Greece. Note: the investment must be in a single property of at least 120 square meters.
A minimum €800,000: Purchase a property of €800,000 or more in prime locations like Athens, Thessaloniki, or islands with more than 3,100 residents.
Other Investment Options
- Secure a 10-year lease agreement for furnished tourist homes or hotel accommodation worth at least €400,000 or €800,000, depending on the location of the real estate.
- Invest €500,000 or more in Greek government bonds with a maturity of at least three years.
- Buy shares, corporate bonds, or Greek government bonds worth €800,000 or more.
- Put €350,000 or more in an investment fund that invests in Greek government bonds, corporate bonds, or equities.
How to Apply for a Greece Golden Visa?
The Golden Visa application process is quick, simple, and straightforward. Here are the steps you need to follow:
Choose the Investment Type
The first step is to decide on the investment option you want to use. Whether you want to buy real estate or government bonds, it's good to speak with a professional for advice and guidance before making your choice.
Collect All Necessary Documents
Gather the documents you need for the visa application, such as your passport, payment slips, proof of funds, etc.
Get a Greek Tax Number and Open a Bank Account
You need a Greek tax number (AFM) to do financial transactions in Greece. Use this number to create a bank account.
Make the Investment
Once you have chosen the option to use, complete the payment to acquire the property or bond.
Submit Your Application
You can submit your application online or directly to the relevant offices in Greece. But you may want to hire a Greek lawyer for this step.
Schedule a Biometric Appointment
After reviewing your application, you'll be given a date to come for a biometric appointment. You will have to visit Greece along with other people included in your application (if any).
Get Your Greece Golden Visa Cards
You and your dependents will receive Golden Visa cards that can be renewed every five years.
Get in Touch Today
Need help securing your Greece Golden Visa? We are here to assist and guide you every step of the way. Contact us today to speak with our friendly representatives and ask any questions you may have.