Greece Golden Visa

The Golden Visa is a well-liked investment visa programme for Greece. Non-EU nationals who make a significant contribution to the Greek economy are granted the visa. A Greece Golden Visa can be obtained through a variety of investing strategies. 

Check Your Free Credit Score Now

Investment Options

The different investment options that are available are given below:

  1. Invest 800,000 Euros in government or corporate bonds.
  2. Deposit 400,000 Euros at a bank in Greece.
  3. Invest 400,000 Euros in shares or bonds of investment companies (real estate).
  4. Invest 400,000 Euros in Greek government bonds.
  5. Minimum capital investment of 400,000 Euros in a company that is registered in the country.
  6. Enter into a lease deal with a tourist establishment or hotel for a minimum period of 10 years.
  7. Buy real estate property for at least 250,000 Euros.
Also check :  Online Indian Visa  

Benefits

The main benefits of a Greek Golden Visa are mentioned below:

  1. The threshold investment possibilities are somewhat more limited than those available in the majority of other EU countries with Golden Visa routes.
  2. You and your family members can visit the Schengen Area without a visa. 
  3. The visa may be extended to include your spouse, unmarried children under the age of 21 years, and dependent parents of yourself or your spouse.  
  4. After buying a property, you have the option of renting it out. 
  5. You can reside and make investments in Greece. 
  1. To renew the residence permit, you do not have to reside in Greece for any specific amount of time.  
  2. You can obtain education and healthcare in Greece.  
  3. After residing in Greece for seven years, you can apply for Greek citizenship.  
  4. Because Greece is an EU member, you are entitled to the EU free market as well as visa-free travel to over a hundred countries.

Eligibility Criteria

The eligibility criteria that must be met in order to apply for a Greece Golden Visa are mentioned below:

  1. A company that operates in Greece must provide health insurance.
  2. Sizeable investment must be made in the country.
  3. You should not have any criminal records in the country that you are living in.
  4. You must be at least 18 years of age.

Documents Required

The list of documents that must be submitted to apply for a Greece Golden Visa are mentioned below:

  1. Funds proof.
  2. Health insurance proof that has been obtained in Greece.
  3. Payment of the necessary government fees.
  4. Valid passport.
  5. Passport-size photograph.
  6. Application form.
  7. Depending on the investment you are making, additional documents will need to be submitted as well.

Document Guidelines

  1. Either a lawyer who belongs to a Greek bar organisation or the Translation Service of the Ministry of Foreign Affairs in Athens should translate your supplied documents into Greek. 
  2. The documents you provide should be attested by an Apostille Stamp if your nation is a signatory to the Hague Convention; otherwise, they must be attested by the Greek Embassy or Consulate that is the closest to you.

Note: 

Check to see if you must also apply for a Greek Schengen Visa before submitting your Golden Visa application. For this application, additional documents will be needed, including: 

  1. Travel medical insurance with a minimum coverage of 30,000 Euros for Greece and the entire Schengen area 
  2. A cover letter outlining the itinerary and reason for the trip to Greece 
  3. Accommodation proof in Greece for the duration of your visit 
  4. Proof of adequate financial resources for the duration of the stay in Greece 
  1. Flight itinerary detailing the dates and flight numbers for entering and leaving Greece 

Validity

The Greece Golden Visa comes with a validity period of 5 years. However, until the investment is maintained, the visa can be renewed.

Process to Apply for Greece Golden Visa

The procedure to apply for a Greece Golden Visa is mentioned below:

  1. Step 1: You will need to visit the Consulate or Embassy and submit the Greek National Visa application form.
  2. Step 2: Enter the country and ensure the investment is finalised.
  3. Step 3: Collect and submit the relevant documents for a Greece Golden Visa.
  4. Step 4: Once the application form has been processed, biometric information must be provided in Greece.
  5. Step 5: A Greece Golden Visa will be provided with a validity period of five years.

Can You Obtain Greek Citizenship Via Investment?

You can become a citizen of Greece by making investments there and securing a Golden Visa. In contrast to residency, citizenship requires that you pay taxes and dwell in Greece. You must have lived in Greece for at least seven years before requesting citizenship. You should be able to prove your ties to the nation as well as your familiarity with Greek language and culture.

FAQs on Greece Golden Visa

  • How much does a Golden Visa cost in Greece?

    Owners of real estate must pay 2,000 Euros for the application, and each extra member of their family must pay 150 Euros. However, minor children are excluded from paying this cost. Additionally, each card used to obtain a residency permit is charged a price of 16 Euros.

  • Who is eligible to obtain a Greek residency permit through investment?

    To obtain a Greek residency permit, you must be a non-EU resident. You must also be free of any criminal convictions. You may also bring your parents, spouse, and children who are under the age of 21 years. 

  • If I purchase a house, am I eligible for residency in Greece?

    Yes, if you purchase a house in Greece, you can obtain a residency permit. To be eligible for Greece residency, however, the house you plan to buy must cost at least 250,000 or 500,000 Euros (based on the location). 

  • Do unmarried couples have the right to a Greek residence permit?

    No, unmarried partners are not considered to be family members. 

  • After Brexit, can UK citizens apply for a Greece Golden Visa?

    Yes, British citizens are eligible to apply for a Greece Golden Visa as of 1 January 2021 after Brexit. 

  • Will I have to pay taxes there if I get the Greece Golden Visa and move there permanently?

    You are only required to pay taxes on the income you get in Greece because of the double taxation agreement. Therefore, if you spend the majority of the year in Greece, you are considered a tax resident and are responsible for paying taxes there.

  • Can I apply for a Greece Golden Visa online?

      Yes, for this, you must grant a Power of Attorney (PoA) to your Greek law office. 

  • Does someone who has a Greek permanent residency have the option to apply for citizenship?

    It does not grant Greek citizenship. However, it permits the bearer to fulfil the long-term residency requirements that are a requirement for obtaining citizenship.

  • Can the Greek investment permit also be used as a work permit?

      The permit in no way gives access to any employment opportunities within Greece.  

  • How much times does it take to obtain a Greece Golden Visa?

    It can take nearly six months to obtain a Greece Golden Visa. 

Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.