The Schengen area is a group of 26 countries that have no border controls for the movement of people and goods. This program gives you permanent residency in Greece through an investment in the Greek real estate market. In Europe, these programs are often referred to as, The residency brings numerous benefits, including the right to travel and do business in the region (e.g., Europe’s. You can also take any legal actions that are needed to finalize your investment in Greece. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. It is staffed with professionals who are fully up to date with the required procedures. Yes, if the amount invested by each one is €250.000. The Greek Golden Visa program launched in July 2013. I bought a property in Greece last year and my gold visa program started. It wasn’t just the longest recession of any modern capitalist economy in the world, it also led to a small-scale humanitarian crisis with people unable to get money from ATMs and many losing their livelihoods. Please note that after the residence permit has been issued, you may also travel to any Schengen country directly from your country. Every non-EU national is able to apply under the same terms. The Greek ‘Golden Visa’ gives you this opportunity for a meager €250,000, which is the lowest investment requirement in Europe. Hello Z. Eagy, please fill out the contact form on our website so one of our consultants can reach out to you regarding your inquiry. When you get to Greece, it would be ideal to already have some real estate properties lined up for you to visit. They don’t really like naturalizing people who are not of Greek origin. The investment is slightly more at €330,000 and the process takes a bit longer (3-4 months). (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. Save my name, email, and website in this browser for the next time I comment. Thank you! As of recently, you can also invest in bonds, stocks, make deposits, and utilize other financial instruments too. You can invest as low as 250,000 Euros in Greek real estate in order to qualify for the program.. If you choose to go with another investment route and not real estate, you will still need to go to Greece to give power of attorney to a representative and open a bank account. I am worried about one day if the Greece governments decide to cancel this golden visa law after I do investment and get this visa, can I still stay in Greece legally and have a chance to apply for the Greece passport? The Greece Golden Visa program is not a citizenship by investment program. Thanks! Contact us and talk to one of our experienced team members to help you with any and all your questions. Living in Greece is optional if you’re a resident of the country. The residency brings numerous benefits, including the right to travel and do business in the region (e.g., Europe’s Schengen Area). The Show is organized for the 11th consecutive year and is one of the most important events for real estate in the Middle East region. In other words, do I have to pay the full 10 years rent in single payment, or the rent should be anually (25,000) then repeating the payment each year. The direct relatives of the spouses in the ascending line. If you fulfill the investment requirements, your spouse, all children under the age of 21, parents, as well as parents-in-law can be added to the application. The Greece Golden Visa is the most competitive and affordable residency program in Europe. The Greek Golden Visa allows you to live in Greece and travel across the Schengen region, without a visa. Is Greece one of them? 2020 Wealth, Tax Planning & Immigration Virtual Expo United States Feel free to get in touch with us at [email protected] . ie once outside Greece as a UK citizen you are not restricted by the 90 in 180day law? The residence permit allows the applicant to live in Greece but not to work. You won’t have to pay Greek tax. At Get Golden Visa, we’ve helped hundreds of families find the right property in Greece and get their Golden Visa, providing us with an expertise in the market. To get through this step, you’ll need to prepare all the required documents regarding the Golden Visa application. Does my wife and my step daughter will count as famil members? The right to live in Greece comes with public healthcare and education benefits as well. It allows you to travel visa-freely within the Schengen area. The reopening of golden visa scheme with new set of rules proposed, likely coming to effect in May. Or do I have to go back to my native country (Vietnam) and apply travel visa from there? A golden visa is a permanent residency visa issued to individuals who invest, often through the purchase of property, a certain sum of money into the issuing country.. (ie, can I keep adding till I have 250k? The residence permit is valid for five years after which the holder may renew it provided he or she still owns the property. Let’s get the ball rolling. The world has pounced on the Greek golden visa program; Greece grants more investor visas than any other country in the world. Insurance contracts which have been signed-in Greece. Especially shares or bonds. But after purchasing the property, I want to live there. If you do not have a law firm in Greece, we would be more than happy to direct you to one with Golden Visa experience. The Greek Golden Visa Program does not give you a right to work in Greece. Or a combination of commercial and residential properties or land? Required fields are marked *. Buy €400,000 worth of shares in an Alternative Investment Organization in Greece or another EU member-state that buys Greek real estate. Whether that’s Greece or some other Golden Visa country, we can help you unravel it all. If the pro-to-con balance for Greece doesn’t feel right, perhaps Spain, Ireland, Portugal, or Latvia would fit the bill? . In that case, you may maintain your business activities outside of Greece and enjoy some tax benefits. We are individuals from Greece and we promote a real estate opportunity for people who want to come and invest in Greece. So, you may buy a property in Corfu and apply for the Golden Visa. The Greek Golden Visa allows you to live in Greece and travel across the Schengen region, without a visa. I am considering about Greece Golden Visa but I have a question. Plus, its Balkan peninsula mainland and the many thousands of picturesque islands are one of the world’s top holiday destinations. Get a permanent resident card from a foreign country. Can I obtain Greek Golden visa by opening an account in a Greek bank 250000 Eu ?? W e are here to guide you on how to buy one or more ready residencies (apartments, detached houses etc.) No, although it’s advisable to have a local lawyer help you with all the paperwork and act as a proxy during the process if you don’t speak the language. Please, kindly come in contact with our team for more information. I own a property in Greece through donation, value 90,000euro. and the real estate sector was at a stalemate. If you don’t physically move to Greece or spend longer than half of the year there (183 days), you will not be liable to pay tax. Your email address will not be published. As part of the European Union since 1981, the Schengen area since 2000, and a Euro-adoptee since 2001, Greece is a country that’s safe, accessible, under a dependable rule of law, and has a relatively low cost of living. my lawyer told me that it’d be better if I have more than one property which are equal more than 250,000€ rather than having one costs more than 250,000€? No residency requirement. Keep in mind that you will need to become a tax resident and physically spend time in the country for most of those seven years to be granted citizenship. You will be able to travel visa-free to any other EU state and your visits won’t have to be limited in any way – that’s one of the main perks of having European residence. A branch of our lives originated in Greece for high-net-worth individuals we can help you decide which one €250.000. Luxury Villas Greece, Villas for Sale Greece permanent resident card from non-European. A part of the year ” means more than half of the year ” ). 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