Greece Golden Visa | What is? How to get it?

What is Greece Golden Visa?

Greece Golden Visa is a program that Greece offers residence permits to foreign investors in exchange for investing in real estate. The program enables investors and their family members to gain the right to travel and reside freely in Greece and the Schengen Area, provided that real estate worth at least 250,000 Euros is purchased.
 

In addition to providing investors with a residence permit, this visa requires the investment to be protected and renewed after certain periods, thus offering the opportunity for long-term residence in Greece.

To whom is Golden Visa given?

Golden Visa programs are generally given to foreign nationals who invest a certain amount in the country. These investments can generally take the form of real estate purchases, capital investments or investments in government bonds.
 

In Greece, Golden Visa is given to foreigners who invest in real estate worth at least 250,000 Euros. This program offers the opportunity to obtain a residence permit for investors, as well as their spouses, children up to the age of 21, and the parents of the investor and his/her spouse.
 

In this way, investors can benefit from the opportunities to live, work and study in Greece with their family members, and can also travel visa-free within the Schengen Area.
 

Greece Golden Visa Advantages

Greece Golden Visa opens a door to life in Europe for investors and also offers the opportunity to invest in an environment full of economic opportunities. These benefits help investors maintain a quality life in both their personal and family lives.

Greece's Golden Visa program offers foreign investors a number of attractive benefits:
 

1. Access to the Schengen Area : Golden Visa holders have the right to travel visa-free to other countries in the Schengen Area via Greece. This is a great advantage for being able to easily travel around Europe and access for business or tourism purposes.
 

2. Long-Term Residence Permit : This visa gives investors and their family members the right to reside long-term in Greece. This makes it possible to benefit from opportunities to work, live and study in Greece.
 

3. mInvolving Family Members : Golden Visa may also include the applicant's spouse, children, and in some cases, parents, so family members can also enjoy residence and travel benefits.
 

4. No Minimum Physical Residence Requirement : Greece Golden Visa, unlike some other countries' residence permits, does not impose a requirement to physically reside in Greece for a certain period of time. This allows investors to maintain a flexible lifestyle.
 

5. Investment and Real Estate Value Increase : Real estate investment in Greece has the potential to increase in value in the long term. Thanks to economic stability and touristic popularity, investments made can appreciate over time.
 

6. Access to Education and Health Services : Visa holders and their families can benefit from Greece's education and health services. High standards of educational opportunities and access to healthcare for children make this program even more attractive to families.

Greece Golden Visa Obtaining Process and How to Get It?

The process of obtaining a Greece Golden Visa requires following certain steps to provide long-term residence permits to investors and their families. Here is a general summary of this process:

1. Choosing the Appropriate Investment : The process begins by purchasing real estate in Greece worth at least 250,000 Euros. This investment can be land, residential or commercial property. Alternatively, it is also possible to invest a certain amount of capital.
 

2. Collection of Required Documents : Documents such as passport, property sales contract, proof of financial sufficiency, health insurance and criminal record are required to apply for Golden Visa. All documents must be translated into Greek and notarized.
 

3. Submission of Application : After the documents are completed, an application is made to the relevant competent authority in Greece. This application is usually made through an attorney because the process may involve legal details.
 

4. Application Review and Approval : After the application is submitted, it is reviewed by the Greek government. During this process, the legality of the investment and the general suitability of the applicant are evaluated.
 

5. Obtaining Visa and Residence Permit : Once the application is approved, the investor and eligible family members receive a five-year residence permit. This residence permit can be renewed at certain intervals and converted into an indefinite residence permit.
 

6. Renewal and Permanent Residency : Golden Visa is a residence permit that must be renewed after five years. Longer-term residence and certain conditions may be required to apply for permanent residence or citizenship.

This process offers investors a valuable residence permit that allows free movement in Greece and the Schengen Area. However, it should be noted that the process can be complex and it is important to work with an attorney familiar with local laws.

Greece Golden Visa Conditions

The Greece Golden Visa program requires a real estate investment of at least 250,000 Euros. Applicants must have valid health insurance, a clean criminal record and maintain investment in Greece. Additionally, the applicant can also include his/her spouse and children under the age of 21 in the program.

Comparison with Other EU Countries

Greece's Golden Visa program has one of the lowest minimum investment amounts among other European Union countries. For example, a minimum investment of 500,000 Euros is required for real estate in Portugal, and 500,000 Euros in Spain. Greece also has flexible requirements that do not require physical residence, which distinguishes it from many other EU countries.

How much is Greece Golden Visa?

The initial investment cost for the Greece Golden Visa program is 250,000 Euros. This is one of the most affordable options among similar programs in the EU. Additionally, attorney fees, government fees, and other transaction costs must also be taken into account.

Greece Golden Visa Investment Options

Investment options for the Greece Golden Visa mainly include the purchase of real estate, but investors can also participate in the program by purchasing government bonds worth up to 400,000 euros or depositing a similar amount in Greek banks. It is also possible to invest a total of at least 250,000 euros by purchasing multiple properties.

How Many Years Does Golden Visa Last?

Greece Golden Visa grants a residence permit valid for five years. At the end of this period, the residence permit can be renewed as long as the investment continues. Additional time and requirements may be required to apply for permanent residence or citizenship.