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Greece Golden Visa

Golden Visa program in Greece was launched in the year 2013 and grants a five-year residency visa in return for an investment in the real state of the country. It boasts of an extensive list of benefits including financial gains to the freedom of visa-free travel that a real estate investment offers non-European investors.

A Golden Visa in Greece gives an investor the option to become a European resident, freely travel abroad, and enjoy an alternative future by living in Greece, all while earning income from their return on investment. It was launched in the year 2013 and grants a five-year residency visa in return for an investment in the real state of the country. There is no minimum stay requirement and children up to the age of 21 are included in the family application. The visa in Greece is granted for five years and renewed every five years if the property investment is retained. It is not necessary to live in the country in order to retain and renew the visa. However, citizenship can only be granted after seven years of residency.

Benefits of Greece Golden Visa

The Golden Visa program in Greece boasts of an extensive list of benefits ranging from the financial gains to the freedom of visa-free travel that a real estate investment offers non-European investors. The benefits are:

  • Fast return on investment
  • An additional home country
  • Freedom to travel in and out of Europe without a visa
  • Upgradation to Greek citizenship

Lifestyle Benefits of Greek Residency

  • A pleasant climate and a hospitable English-speaking people
  • A peaceful and safe way of life
  • A rich cultural and historical heritage
  • Freedom of movement in & out of Greece
  • Easy repatriation of capital & income out of Greece
  • Excellent & safe banking centre with the presence of major international banks
  • Excellent access by sea and international airports
  • A crossroad of three continents

How to Get a Greece Golden Visa?

Before going into the depth of getting the Golden Visa, the investors must be aware that the additional taxes on real estate in Greece are 24%. However at €250,000 + taxes and fees (just over €300,000 in total) for this program is the lowest cost to residency in Europe. The steps to acquire the Golden Visa are as follows:

1. Obtain an Entry Visa

One has to obtain an entry visa so that you can visit Greece and search for a right property. You can also take help of a consultant in Greece who will do this job for you and save your time from all the hassles. In order to complete the property acquisition, you must sign on Property of Agreement (PoA) and complete all the related formalities.

2. Purchase the Property and Sign the Agreement

As mentioned in the earlier step, once you find the right property, you can acquire the same by signing the necessary agreement. Also, sign the power of attorney document if needed.

3. File an Application for a Golden Visa

For this step, a Golden Visa application must be submitted to the Greek officials after which you will get a temporary residence permit. This can be used to travel Greece even before the permanent residence permit is issued.

To finalize the process, using the temporary residence permit, the investor and their family can visit Greece to submit biometrical data in a confirmed appointment with the competent authorities. This final visit only lasts a couple of days- while the Golden Visa is expected to be issued in 20 days’ time.

Documents Required to Obtain a Golden Visa

  • A valid copy of passport
  • 3 recent color photographs
  • Copy of the final sales contract of property or properties with a minimum value of €250,000
  • Transfer Certificate (of title deed) from the Land Registry
  • Residence permit application

Why the Greek Golden Visa?

To know how beneficial the Greek Golden Visa is, you can compare the real estate immigration programs for Greece, Cyprus, Spain, and Portugal and see by yourself why to choose Greek Golden Visa over the programs of other countries.

Particulars

Greece

Cyprus

Spain

Portugal

Schengen Country

Yes

No

Yes

Yes

Free Travel to Schengen Area

Yes

No

Yes

Yes

Minimum Investment

250,000

300,000

500,000

500,000

Compulsory period of stay

No

Yes

Yes

Yes

 

Our Services

If you are looking to obtain a Greek Golden Visa, we at Business Setup Worldwide have our advisors in Greece who can provide you with the following services.

1. Primary Consultancy on Greek Long-Term Residency Program

The process normally begins with consulting sessions before your first visit. You will be provided with the necessary guidance and consulting on the preparation and essential paperwork to bring with them as well as send over some property options. You can either want to acquire the Long-Term Visa either as a person or as an entity.

2. Before the Acquisition of the Property

  • Evaluation of the property
  • Legal and engineering due diligence
  • Tax budgeting for the property

Our team will help you check the property that you want to invest in Greece which will provide you with a Golden Visa. We provide you with due diligence checks by our legal and engineering team and engineers.

3. Completion of the Procedures of Property Acquisition

  • Notarial Services
  • Legal Services

4. Issuance of the Long-Term European Residence Permit

  • Document collection
  • Visa application submission
  • Issuance of golden visa

We help international investor all the way by issuing residence permits. We accompany you to the Bank and Tax office for the necessary formalities and then submit your application and collect your Golden Visa once it is issued.

5. After Visa Acquisition Support

  • Tax consulting
  • Tax filing
  • Business consulting
  • End-to-end business entity support (when it comes from an investment through a business entity)

When it comes to buying a property in Greece for a permanent European residence permit for you and your family, we are your trusted partners. We at Business Setup Worldwide will support you throughout the entire process and take care of all the bureaucracy and we issue your desired residence permit. Contact us today for more information.