Golden Visa for real estate investors in Greece.

Golden Visa for real estate investors in Greece.

There are citizenships that can be bought for money, and Greece is the cheapest residency program in Europe.
What is Golden Visa in Greece?
A residency status in Greece only, for 5 years with an option to extend for another 5 years.
At the end of the period, if the property owner fulfills all obligations to the state on a regular basis, including municipal tax payments, there is the possibility of extending the visa and / or even leading the process of obtaining Greek citizenship.
However, they will have to meet certain conditions: a requirement to be tested for knowledge of Greek language and heritage.
At the same time, the Golden Visa allows up to 90 days stay in any 180-day period in another EU country such as: Germany, Austria, Belgium, Denmark, France, Finland Italy, Spain, Sweden, Switzerland and more.

Who is eligible for a Golden Visa in Greece?
An investor who invests in real estate assets in Greece for the amount of € 250,000.
(Additional expenses may range from 10% to 40%).

His family members are close relatives: their spouse and children together until the age of 21, as well as their parents.

Is there an obligation to be represented by a lawyer in Greece for Golden Visa?
Yes, it is obligated to be represented by a local lawyer.

How long does it take to receive a Golden Visa?
The golden visa application process ranges from 30 -90 days

Is there an obligation to stay in Greece while obtaining a Golden Visa?
There is no obligation to stay in Greece during this period of time, however, it will be mandatory to go to Greece to open a bank account as well as to get a registered and legal Greek tax number.

Does Golden Visa grant resident rights?
The Golden Visa confirms a continuous stay in Greece.
However, it does not grant the right to work or receive a salary or enjoy public medical services or various benefits.

 

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