The Greece Golden Visa Program

Greece is a great option for those looking to gain citizenship through a residency by investment program. The Greek Golden Visa program is one of the most popular residency-by-investment programs in Europe. It provides applicants with a pathway to permanent residency and even citizenship in the country.  

Under the program, an investor must make a minimum investment of €250,000 in Greek real estate. This investment should maintain for at least five years from the date of acceptance of the application.

In addition, applicants must also prove that they have sufficient funds to support themselves and their families during their residency in Greece.  The benefits of the Greek Golden Visa program are numerous. Including the right to live in Greece and travel freely throughout the Schengen zone. After seven years in the country, investors can apply for permanent residency and, after ten years, can apply for citizenship.

The Greek government also offers a number of incentives for those looking to invest in the country. These include tax reductions, waivers on certain administrative fees, and even the possibility of obtaining a residence permit for business purposes.  Overall, the Greek Golden Visa program is an excellent choice for those looking to gain residency in the country. The process of applying is relatively straightforward and the benefits are numerous.

Advantages of the Greece Golden Visa program -Visa-free travel inside the Schengen Zone of Europe -There is no necessity to live in Greece.

-Permits to reside can take 30-60 days.
-The residency permit has an indefinite expiry date.
-Possibility of renting out the investment property
-A residence that applies to the entire family (married spouse, children under -21 years old, and parents of the main applicant and spouse)
-After seven years of residency, you are eligible to seek for citizenship.
-Possibility of owning shares and receiving dividends from a Greek-registered –corporation (but
not to be employed in Greece)

Other possibilities

CONTRIBUTION OF CAPITAL
A capital contribution of at least EUR 400,000 to a company with its registered office or establishment in Greece (excluding portfolio investment companies and real estate investment companies) for the acquisition of shares in a share capital increase or bonds that are admitted for trading on regulated markets or multilateral trading mechanisms that operate in Greece at the time of issue.

A capital commitment of at least EUR 400,000 to a real estate investment company (Article 21 of Law 2778/1999) that will only invest in Greece for the acquisition of shares in a share capital increase.

BONDS, SHARES, AND/OR GOVERNMENT BONDS

Purchase of Greek government bonds with a minimum acquisition value of EUR 400,000 and a residual maturity of at least three years at the time of purchase through a Greek credit institution that will also serve as the bonds' custodian.

Purchase of shares or corporate bonds with a minimum purchase value of EUR 800,000 that are listed or traded on regulated markets or multilateral trading systems in Greece Purchase of units in a mutual fund registered in Greece or another country with the goal of investing only in shares, corporate bonds, and/or Greek government bonds that are admitted to trading or traded on regulated exchanges for a minimum of EUR 400,000.

Who Qualifies for a Golden Visa to Greece?

The following are the eligibility requirements for a Greek Golden Visa:

-Be at least 18 years old.
-Must not have a criminal record in any nation in which you have resided.
-You must make a substantial investment in Greece (see the investment options below).
-Have received health insurance from a Greek firm.
-You can speak with the specialists at Ace – Golden Visas for free to find out if –You qualify for the Greek Golden Visa Scheme. If you are, they can assist you with both the investment acquisition and the Greek visa application procedure.

How Long Must You Stay in Greece to Renew Your Golden Visa?

In contrast to most other countries that grant Golden Visas, you do not need to live in Greece to renew your residence visa. As long as you maintain your investment, you can renew it every five years.

To renew your residence permit, you must produce proof that you still own the real estate property or a solemn certification from the relevant representatives that the investment is still
ongoing.

Can You Obtain Citizenship in Greece Through Investment?

Yes, you may become a Greek citizen by investing in Greece and acquiring a Golden Visa. However, unlike residence, you cannot apply for Greek citizenship without first residing in the country and paying taxes. Before you may petition for citizenship, you must have lived in Greece for at least seven years. You must also be able to demonstrate links to the nation as well as basic understanding of the Greek language and culture.