Greece launched its Golden Visa Program in 2013 to attract foreign investments in exchange for granting investors a renewable 5 years residency visa. In order to obtain Greece Golden Visa, an investor must purchase a residential real estate property which has to be held for as long as the investor wishes to maintain his residency status.
Located in the Eastern side of the Mediterranean Sea, Greece is a mountainous peninsula that has been drawing a lot attention given its rich history, breathtaking nature, and architectural remains.
Investors should expect to receive Greece Residency card within 3 short months after which they can live freely in any European Country in the Schengen Zone and reap the many benefits associated with that. Benefits include opening bank accounts and establishing businesses in Greece, as well as travelling freely without a visa to the United Kingdom and EU Countries.
Greece Golden Visa applicants will also be able to add theirentire family for one investment package. In this case, residency will beapplicable to all family members and they will instantaneously have access to world-renownedhealthcare facilities and highly reputable educational institutes.
Lastly, Greece doesn’t impose any physical residencyrequirement to maintain Greece investor visa as long as real estate property ismaintained.
Republic, Parliamentary system, Unitary state, Parliamentary republic, Constitutional republic
Greece golden visa applicants are required to invest in a real estate for the value of €250,000 and obtain a Permanent Residency status in 3 months.
Permanent Residency status can be held for as long as property is maintained.
- Property Investment in Greece: €250,000
- Property Transfer Tax: 3.09%
- Legal Fee for each family member: €600
- Land Registry: 0.5%
- Government Fee: €500 per adult
On 18 April 2013, Greece introduced Law 4146/ 2013, which offers a renewable ﬁve-year Greek residency visa to foreign nationals who invest at least €250,000 into residential real estate that is physically located in in Greece. A residence permit for ﬁve years is issued and can be renewed indeﬁnitely (for a 5-year period each time), provided that the real estate property is still owned by the applicant. However, the residence permits do not allow a right to employment of any type.