How much is a Greece Golden Visa?

The price of a Greek Golden Visa starts from €250,000. However, this is the minimum investment amount, other investment options require investing at least €400,000. Anyway, this is a relatively low route to get an EU passport.

How long does it take to get a Golden Visa in Greece?

The processing time for Greece Golden Visa is 2-4 months. It should be noted that the processing time depends on many factors, like the overall number of applicants, the number of family members included in your application, chosen type of investment, etc.

Can you get residency in Greece if you buy a property?

Yes, Greece Golden Visa residence permit can be obtained with the help of the property purchase. This is a popular type of investment in this investment program, compared to other European countries, as with the minimum value you can get housing and a residence permit in Greece.

How do I get Greek citizenship through investment?

There are many options to get Greece Golden Visa and permanent residence in this country. This includes real estate investment, opening a deposit in a Greek bank, purchasing shares and/or bonds of Greek companies, government bonds of Greece, and buying shares in investment funds.

How is the financial dependence of children and parents on the main applicant confirmed?

Financial dependence of children is confirmed by a certificate of full-time learning, and of parents by a birth certificate.

Can married children obtain residency together with the main applicant?

No, in this case, they do not fall under the category of dependents.

Do I need to pay extra fees to obtain & renew my residency?

Fees to obtain a residency (for each applicant over 18) - €500;+Health insurance (for each applicant) - at least €300;+Fees on the sales contract - about 10% out of the full cost of a real estate object.

f I own the property and reside in Greece, can I and the people that accompany me work?

Holders of this type of residence permit are allowed to set up their own business in Greece.They are not allowed to work under any type of employment.

Is it possible to transfer investment money, not from my own bank account?

No, the funds should be transferred only from a personal account.

What additional documents may be obtained?

Driver's license;Individual tax number.

Information about Greece

GDP 2021 - $181 bln.Population 2021 - 10,37 people;The capital is Athens;Sectors of the economy - tourism (15% GDP), industry (10% GDP), agriculture (7% GDP);Doing Business 2017 ranking - 67rd out of 190 in the World Bank's ranking of ease of doing business.

Greece Golden Visa — Greek citizenship through a residence permit

Prospects for additional investment

Incorporate Greece into your investment portfolio by investing at least €400,000 in Greek government bonds, term deposits, REICs, alternative venture funds, private equity funds, or mutual funds based in the country
A Greek government bond, corporate bond, or share worth €800,000 can be invested

Golden Visas have been offered by Greece since 2013. For an investment of €250,000, a residence permit is granted for any residential or commercial property in Greece.

The premises can be rented out by the investor with immediate effect, thus offering good returns. Greek language proficiency tests are not required for residency purposes. To become a citizen, you must pass these tests as well as a general country history test. In addition, investors do not have to live in Greece in order to renew their residence permits.

Golden visa benefits in Greece

Residency rights of Greece
Multiple double taxation treaties provide attractive tax incentives for residents and nomads
Offering short-term lettings and property management for tourists
Without a visa, you can access Schengen countries
Adding family members is possible – you can add a spouse, parents, in-laws, as well as your children, up to the age of 21
Renewing your residency permit does not require you to stay in Greece
Citizenship in the EU can be applied for after seven years of living in Greece

The residency requirements

The following requirements must be met by applicants for a golden visa residence permit:

Applicants must be at least 18 years old
Have no prior criminal record
Entry into EU countries is not restricted
Documentation of health insurance
Assurance that the current bank is in good standing
Funding proof for qualifying investments
The proof that the qualifying investment has been acquired

The biometrics will need to be taken in Greece once the application has been submitted.

It is important to keep in mind that Greece’s permanent residence permit is renewed every five years.

How to become a citizen of Greece

In addition to permanent residency, the Golden Visa can also lead to nationality.

Citizenship requires the following criteria:

Become a taxpayer after living permanently in Greece for seven years.
Obtain a Greek language proficiency test and demonstrate beyond doubt adequate knowledge of Greek history and culture by passing a citizenship test.
In order to obtain citizenship, this is considered a naturalization process, which means there isn’t a fast-track option.

Make sure your family is included

The spouse (including same-sex marriages);
A child under 21 years of age who is not married, a full-time student, and is fully supported by the main applicant;
The children of previous marriages;
The main applicant’s parents and/or spouse can be included. Parents can be included regardless of their age or dependency.

A tax optimization strategy

Global investors can choose to pay a flat tax of €100,000 per year on their global income
Tax reductions of 50% are available to expat professionals with active income
For 15 years, retirees can pay 7% on their passive pension income

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ADVANTAGES OF INVESTING

1. Investment properties

It is currently possible to invest as little as €250,000 in real estate. There will be new Golden Visa rules for Greece as the Greek government is raising the minimum investment value for real estate investments to €500,000 to give priority to Greeks. Neither the date nor the areas affected by the change have been announced by the government.

For your residency permit to be renewed, you need to maintain your investment in Greece. Prior to selling your property, you must make a different qualifying purchase.

The lease agreement can also be for a ten-year period for hotel accommodations or furnished tourist residences in program-integrated tourist resorts up to a value of €250,000, payable in advance.

2. Funds, stocks, and bonds for investment

Invest €400,000 in securities, bonds, Greek bank deposits, venture capital or private equity funds, or Greek mutual funds

Invest €800,000 in Greek Treasury bonds, corporate bonds, or shares listed in Greece’s trading facilities

3. €250,000 for a ten-year lease on a hotel or tourist residence

4. €250,000 for the purchase of a land plot for construction or agriculture

5. €250,000 when inheriting or receiving real estate as a gift

6. €250,000 for a 10-year timeshare

Estimated costs

Real estate transfer tax: about 3.09 percent
Fees charged by Notaries Public: 1 to 1.5 percent of the property’s value
0.6 to 0.8 percent of the property value is the land registry fee
For the principal investor, €2000 must be paid, and for each additional member of the family, €150
Depending on age, Greek healthcare insurance costs between € 150 and € 200
The cost of legal services depends on the lawyer, the services offered, and the size of the family

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Step-by-step procedure for obtaining the Greece Golden Visa by purchasing real estate

First, Migronis performs all personal due diligence and contracts with the client to provide all services
Migronis will assist you in selecting your preferred investment route
Even though it is helpful, you do not need to open a bank account in Greece before investing. Investments can be transferred directly to the developer
Invest in the property or acquire the property. You can transfer funds directly to the developer or fund
The next step is for Migronis to submit your application along with all the necessary documents (civil documents, police clearance certificates, birth certificates & marriage certificates) that need to be translated into Greek
Upon approval, the Greek immigration department issues an invitation to come for biometrics
Your biometric data must be submitted in Greece at the seventh step
The Golden Visa has been approved, and the residency card has been issued. It is now possible to travel visa-free throughout the Schengen area and/or move permanently to Greece
It is important to renew your Golden Visa Residence Permit every five years
After 7 years of physical residency in Greece, apply for citizenship by naturalization

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Golden Visa For Greece

Prospects for additional investment

Golden visa benefits in Greece

The residency requirements

How to become a citizen of Greece

Make sure your family is included

A tax optimization strategy

ADVANTAGES OF INVESTING

3. €250,000 for a ten-year lease on a hotel or tourist residence

4. €250,000 for the purchase of a land plot for construction or agriculture

5. €250,000 when inheriting or receiving real estate as a gift

6. €250,000 for a 10-year timeshare

Estimated costs

We share our experience

We share our experience

Step-by-step procedure for obtaining the Greece Golden Visa by purchasing real estate