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Greece Golden Visa

Residency By Investment

    BECOME A GLOBAL CITIZEN




    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.

    https://www.bluemina.com/wp-content/uploads/2020/02/Greece-map-and-flag-1.png
    CAPITAL

    CAPITAL

    Athens

    LANGUAGE

    LANGUAGE

    Greek

    TOTAL AREA

    TOTAL AREA

    131,957 km2

    POPULATION

    POPULATION

    10.77 million

    GOVERNMENT

    GOVERNMENT

    Republic, Parliamentary system, Unitary state, Parliamentary republic, Constitutional republic

    CURRENCY

    CURRENCY

    Euro

    INVESTMENT SCHEME

    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

    Benefits of Greece Golden Visa Citizenship


    • Permanent residency in Greece can be obtained in 3 months.
    • European residency within Schengen countries.
    • No nationality restrictions on Golden Visa applicants.
    • Travel freely to EU countries and the United Kingdom.
    • No physical residence requirements in Greece.
    • Access to world-renowned healthcare and education systems.
    • No interview required.
    • Live and work anywhere in Europe.
    • Ability to open a bank account and establish businesses in Greece.
    • Golden visa investors can include their entire family for one investment package.

    QUALIFICATIONS


    • Golden visa applicant must be at least 18 years of age.
    • Golden Visa applicant should have an annual income of €100,000 or capital assets of €500,000.
    • An applicant should make the appropriate investment in Real Estate.
    • Applicant must keep real estate in order to maintain residence status in Greece.
    • Dependent children aged 26 and under are allowed to apply with the main applicant.
    • All golden visa applicants must pass a strict due diligence.

    LEGAL BASIS


    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.

    VISA FREE TRAVEL


    Travel Freely within the Schengen zone.

    Austria

    Belgium

    Czech Republic

    Denmark

    Estonia

    Finland

    France

    Germany

    Greece

    Hungary

    Iceland

    Italy

    Latvia

    Liechtenstein

    Lithuania

    Luxembourg

    Malta

    Netherlands

    Norway

    Poland

    Portugal

    Slovakia

    Slovenia

    Spain

    Sweden

    Switzerland

    Timeline and Procedure

    Week 1-3
    Step 1
    Bluemina does a preliminary background check and submits application to Greek authorities. A receipt of the application is issued, allowing an investor to travel throughout Schengen countries and use it as a temporary Permanent Residence card.
    Weeks 4-7
    Step 2
    The application is reviewed by Greek Authorities and due diligence process takes place.
    Weeks 8-12
    Step 3
    Issuance of Golden Visa.
    Country:
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