Exploring The Greece Golden Visa Program

The Greece Golden Visa program is a unique opportunity for non-European citizens to obtain a Greek residency permit.

You can invest accordingly, and get residency in the country.

This program has gained popularity in recent years, attracting a growing number of investors. These are the investors looking for a secure, stable, and convenient way to invest in Greece. 

This article will take a closer look at Golden Visa Greece, its benefits, requirements, and the process of buying property to obtain residency.

What is The Greece Golden Visa Program?

The Greece Golden Visa program was introduced in 2013 to boost the country's economy by attracting foreign investment. The program provides non-European citizens with a Greek residency permit. In exchange for it, you complete a significant investment in the country. 

The residency permit is initially valid for five years, after which it can be renewed indefinitely. This is possible provided the investment criteria continue to be met. After seven years of continuous residency in Greece, applicants can apply for Greece citizenship by investment.

What Are The Requirements For The Greece Golden Visa Program?

To be eligible for the Greece Golden Visa program, applicants must meet the following requirements:

• Investment in Greece: According to an amendment presented in Greece's Parliament last week, the minimum value of property required for Golden Visa issuance in some parts of the Hellenic Republic is now €500,000, based on the information provided by SchengenVisaInfo.com.

• Being a non-EU/EEA/Swiss citizen: You must not be a citizen of the EU, EEA, and Switzerland while applying for the program. 

• Proof of funds: Applicants must provide evidence of their funds' source and financial stability. These include bank statements, tax returns, and other financial documents.

• Background checks: Applicants must undergo background checks to ensure that they do not have a criminal record. Also, investors must be of good character. 

• You must be at least 18 years of age.

• You must have medical insurance for yourself and your family.

What Are The Benefits Of a Golden Visa in Greece?

Golden Visa in Greece offers numerous benefits, including:

• Residency in Greece: The residency permit allows non-European citizens to live in Greece for an indefinite period.

• You are not required to stay in Greece to maintain your resident status.

• Access to the EU: The Greece Golden Visa provides holders with visa-free travel throughout the Schengen Area.

• Citizenship eligibility: After seven years of continuous residency in Greece, applicants can apply for Greek citizenship. However, there’s not enough data that provides an example of this.

• Investment opportunities: Golden Visa Greece provides investors with the opportunity to invest in Greece's real estate market. It’s recovering from the 2008 financial crisis and it offers significant potential for growth. 

• There are other investment options besides Greece real estate as well. These include contributions to a venture capital fund, a mutual fund, or a private equity fund. You can also contribute in shares, corporate bonds, or Greek Treasury Bonds.

• Quality of life: Greece is renowned for its Mediterranean climate, beautiful landscapes, rich cultural heritage, and high quality of life. All these factors make it an attractive destination for investment and residency.

• Family members like your spouse and children under 21 can be included. Your parents and parents-in-law can also be covered if you want. 

• You can benefit from education and education services as well.

Buying Property in Greece To Obtain Residency

Investing in Greece real estate is the most popular investment option. You can buy a property worth at least €250,000, and become a resident. 

Before buying property in Greece, it’s advisable to research the market first. It’s also good to research the different areas, prices, and growth potential.

Then, engage a real estate agent which is a reputable one. It’s better if the agent is familiar with the Golden Visa program to help you. In this way, it can find the right property and guide you through the process.

Also, conduct due diligence on the property and the area to ensure that it meets your investment criteria and requirements.

So, Golden Visa Greece can make your dream of becoming an EU resident come true. Apply today remotely, and enjoy all these benefits!