Visa-free travel within Europe’s Schengen Area
Greece’s warm Mediterranean climate, desirable lifestyle, and cosmopolitan cities, coupled with the country’s strong industries, have led many wealthy individuals and families to make this country their second home.
The Greece Golden Visa Program is considered one of the most affordable residence by investment programs that provide access to Europe. Successful applicants and their families are able to benefit from visa-free access to Europe’s Schengen Area within three–four months of applying.
Minimum real estate investment of EUR 250,000
Three–four months from submission of the application to approval
Freedom of travel to Greece and Europe’s Schengen Area
Visa-free travel within Europe’s Schengen Area
No requirement to reside in Greece
Residence permits can be acquired within 90–120 days
Unlimited expiry date of residence permit
Opportunity to rent out the investment property
Residence applicable to the whole family (married spouse, children under 21 years old, and parents of the main applicant and spouse)
Eligibility to apply for citizenship after seven years of residence
Ability to hold shares and receive income from the dividends of a company registered in Greece (but not to be employed in Greece)
The Greece Golden Visa Program is a residence by investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. The residence permits may be renewed every five years.
The program’s qualifying options are:
Real estate options
Applicants must invest USD 150,000 into one of the following options:
1. An investment in real estate property with a minimum value of EUR 250,000, plus the applicable taxes. Alternatively, a minimum of EUR 500,000 in Mykonos, Santorini, Thessaloniki, and most municipalities in Athens
2. A 10-year lease agreement for hotel accommodation or furnished tourist
residences in tourist accommodation complexes (Article 8 of Law
4000/2001)
3. A 10-year time-sharing agreement for hotel accommodation (Law 1652/1986)
4. Invest EUR 300,000 in units of the Cyprus Investment Funds Association’s collective investments (AIF, AIFLNP, RAIF).
Other options
Capital transfer
1. Term deposit of a minimum value of EUR 400,000 to a domestic Greek
credit institution, for at least one year, with a standing order for
renewal
Capital contribution
1. A capital contribution with a minimum value of EUR 400,000 to a company
that has its registered office or establishment in Greece (with the
exception of portfolio investment companies and real estate investment
companies) for the acquisition of shares in a share capital increase or
bonds that are, at the time of issue, admitted for trading on regulated
markets or multilateral trading mechanisms that operate in Greece
2. A capital contribution with a minimum value of EUR 400,000 to a real
estate investment company (Article 21 of Law 2778/1999) that will invest
exclusively in Greece, for the acquisition of shares in a share capital
increase
3. A capital contribution with a minimum value of EUR 400,000 to a
closed-end investment company (Article 5 of Law 2367/1995) for the
acquisition of shares or to a closed-end mutual fund (Article 7 of Law
2992/2002) for the acquisition of shares, provided that the
aforementioned alternative investment institutions have the intention to
invest exclusively in companies that have headquarters or
establishments in Greece
Shares, bonds, and/or government bonds
1. Purchase of Greek government bonds with a minimum acquisition value of EUR 400,000 and residual maturity of at least three years at the time of purchase, via a credit institution established in Greece, which will also act as the custodian of these bonds.
2. Purchase of shares or corporate bonds with a minimum acquisition value
of EUR 800,000, which are admitted for trading or are traded on
regulated markets or multilateral trading mechanisms, operating in
Greece
3.Purchase of units with a minimum value of EUR 400,000 of a mutual fund
incorporated in Greece or another country and with the intention to
invest exclusively in shares, corporate bonds, and/or Greek government
bonds that are admitted for trading or are traded on regulated markets
or multilateral trading mechanisms, operating in Greece
4. Purchase of units or shares with a minimum purchase value of EUR 400,000
of an alternative investment fund established in Greece or another
country of the EU, which intends to exclusively invest in immovable
property in Greece
Step 1: Visit Greece
Step 2: Choose the preferred property
Step 3: Submission of the application
Step 4: Final verification
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