5 Things to know about the Greece Golden Visa program​ - PowerPoint PPT Presentation

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5 Things to know about the Greece Golden Visa program​

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One of the most popular investment visa programs in the EU is the Greece Golden Visa program. It's a residency-by-investment visa for non-EU people who contribute significantly to the Greek economy. ​ – PowerPoint PPT presentation

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Title: 5 Things to know about the Greece Golden Visa program​


1
5 Things to know about the Greece Golden Visa
program
  • PASSPORT LEGACY

2
  • One of the most popular investment visa programs
    in the EU is the Greece Golden Visa program. It's
    a residency-by-investment visa for non-EU people
    who contribute significantly to the Greek
    economy. 
  • Greece has one of the longest coastlines in the
    world, second only to Norway in Europe. The
    country's natural beauty is unrivalled, and it
    offers a plethora of tourist, leisure, and
    adventure possibilities. Greece has a population
    of over 10,000,000 people, with Athens accounting
    for slightly over 3,000,000. The land is still
    sparsely populated and can provide a nice break
    from the rush and bustle of the twenty-first
    century's large cities.

3
Here are 5 things you need to know about the
Greece Golden Visa program
  • 1. The Greece Golden Visa program grants the
    investor and their immediate family instant
    five-year residence as well as unlimited travel
    inside the Schengen Zone.
  • 2. There are alternative investment
    possibilities, such as
  • Real estate investment - The investor must
    purchase real estate worth at least 250,000 EUR.
    The property must be owned by an individual or a
    legal entity based in Greece or anywhere in the
    European Union. They can choose to rent out their
    property once they've acquired it. A residential
    or commercial property might be used for this
    investment. Many Investors have found this
    investment choice to be one of the most
    appealing.
  • Signing a 10-year lease agreement An investor
    can lease a hotel or furnished tourist
    accommodation in an integrated resort for a
    minimum of 250,000 EUR. In this scenario, the
    investor must make a single upfront payment equal
    to the lease's 10-year term.

4
  • Land or acreage ownership - The investor must
    have built a structure on the plot of land. At
    least 250,000 EUR should be spent on the plot and
    building.
  • Possessing real estate in Greece, with a minimum
    value of 250,000 EUR, obtained through intestate
    succession, will, or parental concession.
  • A timeshare contract must be signed for a minimum
    of 250,000 EUR. A single upfront payment is
    required by the applicant.
  • Being the owner of real estate in Greece who has
    purchased the property prior to the enactment of
    Law 4146/2013 on the Greek Permanent Residence
    Permit Scheme the property acquired must be
    worth at least 250,000 EUR, or the current
    property value of the property must be at least
    250,000 EUR.

5
  • You can extend the visa to include members of
    your family, such as your spouse, unmarried
    children under the age of 21, and dependant
    parents of you or your spouse. Your child may be
    included in the Golden Visa application if they
    are between the ages of 21 and 24 and are
    enrolled in school or college. 
  • You do not have to stay in Greece to renew your
    residence visa. However, you must provide proof
    of ownership of the real estate property or a
    formal declaration from the required
    representatives that the investment is still
    operational in order to renew your residence
    permit.
  • You can become a Greek citizen by investing in
    Greece and obtaining a Golden Visa. You cannot
    apply for Greek citizenship without first
    residing in the country and paying taxes, unlike
    residency. It is important to reside in Greece
    for at least seven years before applying for
    citizenship. You must also be able to show that
    you have links to the country and that you have a
    basic grasp of Greek culture and language.
  • Golden Visas, which are given by EU member states
    such as Greece, are quite popular since they may
    lead to citizenship and hence EU membership.
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