Enjoying the summer on one of the numerous islands that Greece has to offer is one of many benefits to buying a real estate property in this European country, but most importantly, buying a property in Greece can secure the much sought-after Golden Visa. Invest-Gate offers its readers a guide to investing in Greece’s real estate as well as its benefits and requirements.
What is a Golden Visa?
Greece introduced law No. 4521/2014 that allows citizens from any country to acquire a European residence permit by investment, granting them free movement within the Schengen Area.
Any non EU-individual that invests at least EUR 250,000 is eligible to obtain a Golden Visa as long as the main applicant is over 18 years old.
Why Invest In Greece?
Greece offers one of the most advantageous ad profitable programs among European countries.
Quick process: It takes 40 days to issue the residence permit
Return on investment (ROI): Greece will help you get the most out of your Golden Visa by making a profit from your investment
Family members included: Parents, children under 21, and spouse may also benefit
No requirement to live in Greece: There is no minimum stay for the permit to be valid
No nationality restriction
Unlimited renewal of residence permit: As long as you keep your investment you may renew your visa indefinitely
Citizenship option after seven years and under specific terms
Dual citizenship permitted
Geographical location of Greece makes it a convenient and strategic place to invest in
Access to the highest levels of medical services, welfare, and education
Low property prices: Profitable investment opportunities due to recession recovery
How To Get A Golden Visa?
Visit Greece to pick your favorite property options
Open a Greek bank account and register a Greek tax number
In one week….
Due diligence checks for your property options are carried out by a team of experts
The final property is chosen and purchased
Application of a Golden Visa is submitted and a temporary residence permit is issued
Final visit to Greece for biometric tests and collection of your temporary residence permit
Wait for 20 days, Golden Visa is issued
Criteria And Requirements
• Copy of a registered contract of sale of properties no less than EUR 250,000
• Greek bank account
• Greek certificate of health insurance
• No criminal record is needed
• No need to reside in Greece at any time
• No double certified documents are needed from the embassy
• No government interview required
• No need to disclose source of required funds
• No need to learn the Greek language