Greece Golden Visa

Golden Visa refers to plans that grant individuals residence on investing in the growth and welfare of the country through investments or by purchasing properties. Individuals can get a golden visa to a country by generously donating or investing in the country or buying a house there. The individual applying must not have any criminal record, should be more than 18 years old and have ample funds to finance their investment plan.

Greece Golden Visa

The Golden Visa for Greece was introduced in 2013 and is a residence permit issued to non-EU citizens who make a substantial contribution to the economy of Greece. It is considered one of the most popular methods to move to Greece for individuals who can afford it. Although there are numerous ways to get this golden visa for Greece, buying a property worth more than half a million might be the simplest route to do so.

Eligibility for Greece Golden Visa

To be eligible for a Greece Golden Visa, the applicant:

• Must be more than 18 years old.
• Must not have any criminal record.
• Must make a significant investment in Greece.
• Must get health insurance from any company operating in Greece.

What are some Investment Options for Greece Golden Visa?

An individual must make any one of the below-mentioned investments:

• Buying a property worth more than EUR 500,000.
• Signing a lease agreement for more than 10 years with a hotel or tourist establishment.
• Deposit EUR 400,000 in a Greek bank.
• Invest EUR 400,000 capital in any company registered in Greece.
• Invest EUR 400,000 in Greek government bonds.
• Invest EUR 800,000 in corporate or government bonds.
• Invest EUR 400,000 in bonds or shares of real estate investment companies.

Benefits of Greece Golden Visa

• Obtaining a Golden Visa from EU member countries like Greece are similar to getting a visa for the entire Schengen Zone. It basically grants you admission in the EU for 5 years, while giving an opportunity to obtain permanent residence in the country as well.
• The investment options available for Greece Golden Visa have a much lower limit compared to other EU countries that offer Golden Visa plans.
• The Golden Visa can be extended to immediate family members of the applicant like their spouse, unmarried children, dependent parents of either the applicant or the applicant’s spouse.
• It is not mandatory to stay in Greece for a specific period to be able to renew your Visa.
• Individuals will be eligible to apply for a permanent citizenship of Greece after 7 years of residence.
• Considering Greece is an EU member, obtaining a Greece Golden Visa will basically mean getting access to all other EU countries and Visa-free travel to more than 100 countries around the globe.

 

Validity of Greece Golden Visa

The Greece Golden Visa is issued for a period of 5 years after which it can be renewed indefinitely as long as the applicant maintains their investment.

Note: If applicant decides to live in Greece for a continuous period of 7 years, they may apply for a permanent citizenship of Greece after the completion of this period.

How to Apply for a Greece Golden Visa

Documents required when applying for a Greece Golden Visa are:

• Application form.
• Recent passport-size pictures of applicant as per the Greek Visa photo standards.
• Applicant’s valid passport and a copy of the same.
• Passport must have the entry Visa.
• Proof of payment of relevant government fees.
• Proof of getting health insurance in Greece for the applicant and any family member.
• Proof of the applicant’s funds.

Other documents as per the type of investment being made are required as well for this process. For example, if purchasing real estate, you must have the following documents:

• A contract of purchase that states the fact that there are no conditions or exemptions in the purchase, mentions the total price of the purchase and the mode of payment (it may be full, via credit held in an institution operating in Greece or through credit transfer.)
• Proof of transfer of the contract by the responsible Land Registry.
• A certificate from the Land Registry stating there are no hurdles associated with the applicant’s purchase.

Conclusion

For those who can afford it, Golden Visas are excellent opportunities that must be availed to explore or move out to another country.

Considering Greece is one of the most beautiful countries in the world that offers stunning sceneries and excellent benefits to its citizens, it is nothing new that several people around the globe would be interested in living there. With the numerous benefits it has to offer, the Golden Visa for Greece is an excellent option for people who want to study, work or live in the EU or travel anywhere in the entire Schengen Zone.