Golden Visa Greece: the Ultimate Guide
In an effort to boost the Greek economy, The Golden Visa Program is an attractive option for those seeking investment opportunities and/or residence in the European Union.
What you will find in this article:
- What is the Golden Visa Greece Program
- Golden Visa Greece benefits
- Requirements for the Golden Visa Greece Program
- Golden Visa Greece steps and timeline
- BeNative: how we can assist with obtaining your Golden Visa in Greece
What is the Golden Visa Greece Program?
Greece’s Golden Visa Program is one of the most affordable residence by investment programs, offering third country nationals the right to free movement within Europe’s Schengen Area. The program was introduced in Greece in 2013, offering a 5 year residence permit (with possibility for renewal) in exchange for an investment for as low as 250,000€. This investment scheme is packed with benefits making it an attractive choice for many individuals and their family members. At BeNative, we possess all the knowledge required to make your transition to Greece smooth and hassle-free. Continue reading to find out all the Golden Visa benefits, the investment requirements and the process to obtaining your Golden Visa.
Golden Visa Greece benefits
When it comes to the benefits encompassed within the Greek Golden Visa program they certainly are worth considering and they consist of:
Family reunification
The Golden Visa Program in Greece allows individuals to include their spouse and children under the age of 21, meaning that they are able to enjoy the benefits the investment scheme has to offer. Under the investment scheme, individuals and their families have the right to free education and healthcare in Greece.
Visa- free Travel
A key component to obtaining a Golden Visa for many third country nationals is the mere fact, that it enables freedom within the Europe’s Schengen zone without the need to provide an additional visa. This right allows oneself and his/her family members, to travel across 26 European countries hassle-free due to the freedom of movement between those states.
Right to reside in Greece
Another key benefit to the Greek Golden Visa program is that it allows individuals and their families to live in Greece. There is no minimum requirement for how long one can stay. It works in the individuals favour as he or she can come and go as they please within the timeframe listed above. After 7 year of living in Greece, permanent residents also have the right to apply for Greek citizenship.
Requirements for the Golden Visa Greece Program
In order to qualify for a Golden Visa in Greece, you must meet the following requirements:
- Be a non- EU/EEA country citizen
- Be over 18 years of age
- Have a clean criminal record
- Private medical insurance (including family)
- Character statement
Golden Visa Greece steps and timeline
Step 1: Selection of property or land.
In order to complete this step, the individual will need to determine the location and budget (minimum spend in order to qualify is 250,000€).
Step 2: Legal step
The following step requires, obtaining a Greek Non-Resident Tax Number and opening a Greek bank account. We would also suggest appointing a Power of Attorney (PoA).
Step 3: Acquisition of the property
Once a property has been selected it is imperative to execute the ‘Legal and Technical Due Diligence’. Once this is complete you will need a promissory sale and purchase agreement and the execution of a public deed.
Step 4: Submission of Golden Visa application
Gathering all the required documentation regarding the Golden Visa Application which can then be submitted to the relevant authorities in Greece.
Step 5: Golden Visa approval
Once all documentation has been approved you will be issued with a Golden Visa Residence Card.
Step 6: Renewal
After 5 years, you must renew your Golden Visa residence card in order to continue to have access to the benefits listed above.
Step 7: Apply for Greek citizenship
After 7 years of living permanently in Greece you would be eligible to apply for Greek citizenship.
BeNative: Golden Visa Program Service
We can assist you through the whole process of obtaining a Golden Visa in Greece. From finding the right property for you, to assisting with all legal matters, we possess the know how in order to make your transition to Greece straightforward and hassle free. If you would like to find out more about the Golden Visa Greece program, contact us at info@benative.gr and book your consultation with us today or alternatively check out our website for more information about our services.