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PROGRAMS
GREECE
WHY CHOOSE GREECE?
Greece is a country in the Schengen area and uses the euro as its currency. It has a rich historical heritage and beautiful Mediterranean landscapes. Recently, its economy has been growing thanks to increased foreign investments. By participating in a special program, people can obtain a long-term residence status, which is an important step towards becoming a citizen.The program offers several benefits for participants:
1. The application process is fast and straightforward, typically taking 3-4 months.
2. Residency cards are renewed every 5 years for the main applicant and their parents, as long as they own a property of a minimum value according to the investment thresholds.
3. Upon application, applicants receive a 1-year multiple entry residence visa for Greece, which is canceled once they receive their residency cards.
4. Until the end of 2023, no VAT is required for property purchases.
5. Participants have the right to reside in Greece without any obligation to do so.
6. Children up to 21 years old and parents of spouses can also participate in the program.
7. Holders of the residence permit have access to public education, including schools and universities, under the same terms as Greek nationals.
8. Visa-free access is granted to 172 countries, including other Schengen countries.
9. Participants have the right to enter and reside in Greece even if the borders are closed.
10. Greece has been ranked as the number one country in the world for retirement.
QUALIFICATIONS
The Greece Golden Visa Program is highly regarded as one of the most appealing and competitive residency-by-investment programs in Europe. To be eligible, applicants must satisfy the investment criteria and meet the following requirements:
1. Age: Applicants must be at least 18 years old.
2. Passport: Applicants must hold a valid passport.
3. Legitimate Entry: Applicants must enter Greece legally.
4. Property Purchase: Applicants must successfully complete the purchase of the designated property.
The following family members are considered dependents and can be included in the application:
1. Spouse
2. Children up to 21 years old
3. Parents of the main applicant
4. Parents of the spouse
INVESTMENT OPTIONS
To be eligible for the Program, investors must meet the regulatory requirements for their investment. Here are the options summarized:
1. Property Investment: Invest in a housing unit with a minimum value of €250,000. Starting from August 1, 2023, this threshold increases to €500,000 for certain areas in Athens, specific municipalities, and islands.
2. Financial Investments: Invest in approved financial products such as corporate shares, bonds, Government Treasury bonds traded on regulated markets, or bank deposits. These investments must meet specific criteria. The minimum investment amount starts at €400,000 and goes up to €800,000.
In both cases, applicants need to ensure they comply with the necessary investment amounts and criteria to qualify for the program.
To maintain and renew their permits, applicants must retain ownership of their investments. If they sell the property or investment without replacing it, their permits will be invalidated. Applicants are allowed to own multiple properties as long as the combined value meets or exceeds the minimum property investment threshold. Spouses can jointly own property, and multiple main applicants can also jointly own property, as long as each individual applicant meets the minimum investment criteria.
There are no restrictions on renting out the property to third parties. However, it's important to note that property purchases made after December 31, 2023, will be subject to VAT payment based on the sales price.
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