Latest Updates on the Greece Golden Visa Program
With higher thresholds and new investment opportunities, the Golden Visa Greece Program has seen substantial changes. Nonetheless, by spending €250,000 in already-existing real estate investment opportunities, investors can still obtain a five-year residence permit. Commercial properties can be converted to residential usage or listed buildings can be restored for €250,000.
Greece Golden Visa Explained
By making an investment in Greek real estate or other assets, non-EU nationals can acquire Greek residency under the Greece Golden Visa residency-by-investment program.
The Greek Golden Visa Program was introduced in 2013 and offers a five-year residency permit in return for as little as €250,000 in Greek real estate. Your family is welcome to participate in the residence program. You can live in Greece and travel across the Schengen area without a visa if you have the Greek Golden Visa. We at Get Golden Visa have market expertise because we have assisted hundreds of families in finding the ideal property in Greece and obtaining their Golden Visa. Before you decide, start your trip by learning the basics of the Greece Golden Visa program, including who may apply, the investment criteria, and all the other information.
Golden Visa Greece Program Advantages
For investors and their families, the Greece Golden Visa provides a number of worthwhile advantages. The ability to reside in Greece, which offers access to a secure and picturesque European lifestyle, is one of the main benefits. The Schengen Area allows residents to travel without a visa, facilitating easy mobility throughout Europe. Spouses, kids, and dependent parents can all be included in the program, which encourages family reunification. Greece offers an alluring prospect with a comparatively low investment threshold, particularly in a real estate market exhibiting long-term promise. Further financial efficiency is provided by the nation’s double taxation treaties, which shield investors from paying taxes twice on the same income.
Family Reunification
Is it possible for your family to accompany you? They certainly can. You are permitted to enroll your spouse and children under 21 in the residence plan. This implies that everyone of these family members is eligible to apply for and benefit from a Golden Visa card. The Extended Family benefit is offered by the Greek program in addition to the other Golden Visa programs. This implies that there are no additional prerequisites for the parents and parents-in-law of the lead applicant to obtain cards.
Right To Live in Greece
You and your family can reside in Greece if you have a Greek Golden Visa. You are welcome to stay for as long as you like. In actuality, there is also no minimum stay requirement. Benefits from public healthcare and education are also included in the right to reside in Greece.
Visa-Free Travel With Greece Residence Permit
You can travel freely throughout the Schengen area with the Golden Visa without requiring a separate visa. The 26 European nations that make up the Schengen zone have formally done away with border controls and visa requirements at their shared borders.
Accessible Investment in a High-Potential Real Estate Sector
Greece’s Golden Visa program has the lowest investment criterion in Europe. The initiative allows you to invest as little as €250,000 in Greek real estate.
During the 2008 financial crisis, the Greek real estate market was severely damaged and struggled for over ten years. The Greek real estate market is trending upward as of 2023.
The Double Taxation Treaty
It is likely that your foreign income will not be taxed in Greece, depending on where you live and how long you stay there. If so, you can continue operating your business outside of Greece and take advantage of certain tax advantages. Foreign nationals who reside in Greece as tax residents are also eligible for tax incentives. For retirees, digital nomads, and other specific expat groups, there are several incentive schemes. To find out if you qualify for any of these benefits, be sure to consult your qualified financial counselor.
Greece Golden Visa Statistics
9,610 primary applicants were granted Golden Visas to Greece between 2014 and 2021. The primary candidates and their dependents received more than 31,000 Greek Golden Visa permits as of 2023. Greece received more than €2.6 billion in international money as a result of these applications.
As of December 31, 2021, a total of 28,767 residence licenses have been issued to Greek investors, real estate owners, and their families.
