According to the data released by Immigrant Invest, over 3,000 Golden Visa applications were submitted in Greece from January to November of 2022 — a 50% increase compared to 2021. However, the popularity of the Greek residency-by-investment program is not surprising.
Among other residency-by-investment and citizenship-by-investment programs, the Greek Golden Visa has one of the lowest investment thresholds in exchange for a vast array of benefits, including visa-free travel in the Schengen area, favorable family reunification conditions, access to public healthcare and education, among others.
Since the program’s inception in 2013, thousands of investors have taken advantage of investing in affordable Greek real estate, seeking to secure permanent residency in Europe.
Thus, if you’re interested in learning more about the Greece Golden Visa, its requirements and the perks that come with it, continue reading until the end.
What is the Greek Golden Visa?
The Greek Golden Visa is a cost-effective residency-by-investment program in Europe that grants you and your dependents a 5-year residency permit after investing €250,000 in residential or commercial real estate.
Benefits of Greece Golden Visa
Besides its advantageous geographical location in southeastern Europe and its numerous picturesque islands, beaches, and historical landmarks, Greece is a magnificent destination for investors and their families looking to obtain a permanent residence in the EU.
Here is a breakdown of the benefits that investors can enjoy upon a successful application for the Greece residency-by-investment program:
The Right to Live in Greece for You and Your Family
With the Greek Golden Visa, you and your loved ones can permanently settle in the country and access public healthcare and education.
There are no requirements in relation to how long you and your family members can stay.
Visa-Free Travel Across the Schengen Area
One of the most significant advantages of the Greece Golden Visa is that it allows you and your family to travel across the Schengen Area visa-free. Thus, if you desire to spend your vacation in Paris or Rome, you can do so with ease.
Map of the Schengen Area. Source: European Commission.
Favorable Family Reunification Rules
If you are wondering whether your spouse and children can join you, the answer is yes! Greece Golden Visa Program features favorable family reunification rules, such as:
- Inclusion of spouse and children under the age of 21;
- Extended family benefit for principal applicant’s parents and parents-in-law;
- Possible benefits extend to dependents up to the age of 25 if they are in full-time education and financially dependent on their parents.
It is also important to note that permanent residency can be renewed indefinitely for the entire family, including children beyond the age of 21. If you desire to obtain Greek citizenship, you can continue extending your permanent residency status until you are ready to apply.
Opportunity to Apply for Greek Citizenship
After seven years, applicants who live in Greece can apply for Greek citizenship and a passport. Once you obtain citizenship, you are free to sell your investment because visa renewals are no longer required.
In addition, unlike other residency-by-investment programs, Greece generally does not impose restrictions on the nationality of the investors, making it an attractive choice for those who cannot apply for other programs.
Attractive Greece Golden Visa Tax Benefits
Thanks to the Double Taxation Treaty, you might be exempt from paying taxes on your international income in Greece.
The country also offers tax incentives to expats who reside in the country as tax residents. There are various tax benefit schemes available for retirees, digital nomads, and other expat groups.
Cost Advantages Over Similar Golden Visa Programs
Unlike other residency-by-investment schemes in Europe, such as the Portuguese Golden Visa, the Greek program has fewer restrictions and lower associated costs.
For instance, Portugal imposes restrictions on residential property locations, permitting investment only in low-density population regions. Furthermore, the minimum investment in Portugal is €280,000, compared to €250,000 in Greece, giving the latter residency program a distinct advantage.
The Easiest Investment Path to Greece Golden Visa
The fastest and the most affordable way to obtain Greek Golden Visa entails an investment of €250,000 in either a residential or commercial real estate object anywhere in Greece, with no regional restrictions.
Furthermore, due to changes in residency application laws, you can acquire the Greek Golden Visa in less than two months and do it all remotely without needing to travel to the country.
Click here to learn more about the investment requirements and process for the Greece Golden Visa program.
Start Your Greek Golden Visa Application Process with Us
Whether you have already made up your mind to apply for the Greece Golden Visa program or are still unsure if it is a suitable fit, we can help you dispel any doubts and manage the entire process from start to finish.