Greece Golden Visa Program
The Greece government launched its Golden Visa program in 2013. Between January and June 2020, more than 22,500 residence permits were issued to non-EU and non-EEA investors and their families investing in at least EUR 250,000 worth of property. Greek Golden allows visa holders to stay in Greece and travel freely within the EU and Schengen for five years as long as they retain investment property. Holders do not have to stay in Greece because renewal is possible online. During the application process, investors only need to travel to Greece once to set up a proxy with a personal signature. Investors wishing to apply for a Greek passport must reside in Greece for at least seven years.
Which Family Members Receive Automatic Residency Permit Along with the Investor?
Greece is famous for its ancient land-breaking civilization, amazing landscapes, and Mediterranean food. Greece, located between Africa, Asia, and Europe, is one of the most attractive European countries for migrants. The theaters and historical sites in Greece promote their cultural heritage among the tourists and Greece inhabitants. Many islands with magnificent beaches and ancient sites make up one-fifth of its total area. The Greece Golden Visa Program offers all the benefits of EU Schengen residence with one of the lowest investment requirements.
Greek Golden Visa Benefits
Greece Golden Visa Cost
- Real Estate Investment €250,000
- Taxes, legal fees, and more About 6.4% in administration costs Property value €16,000
- Golden Visa Stamps €2000 for each applicant and the main investor
- Property background check €250 plus 24 ٪ VAT
- Real Estate Purchase Agreement €1000
- Residential application fee €300 plus 24% VAT for the main investor and every other applicant
- Applicants can expect additional costs up to 8-10% of the value of the property.
Greek citizenship and passport
Only fellow investors residing in Greece can apply for citizenship after seven years of doing so. Once they become Greek citizens with a Golden Visa, they can resell their property and enjoy all of the Greek passport holders' rights. The applicant also has to pass a Greek language test. The Greece Golden visa offers more benefits to the applicant after investing a minimum amount of about EUR 250,000. The visa grants permission to live, work, and study in the Greece region as well as access to the European Schengen region. The application process is direct and straightforward and can be done online without the individual going to Greece for application.
Greece Visa-free Countries
Over the past number of years, the Greece government has been successfully working on expanding its list of Visa-free countries.
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