Greece hosts one of the most attractive Golden Visa programs in Europe. Through the Greece Golden Visa, non-EU citizens can obtain a residence permit in Greece in exchange for a qualified investment. If you’re ready, let’s dive into the details of this program together.
A Closer Look at the Greece Golden Visa
Thanks to the Greece Golden Visa scheme, non-EU citizens can acquire Greek residence by purchasing real estate or other assets in Greece.
The Golden Visa Greece Program was introduced in 2013 and offers a five-year residency visa in return for a reasonable priced real estate investment. Your family is welcome to participate in the residence program. Living in Greece and traveling within the Schengen area without a visa is possible with the Greek Golden Visa. Begin your trip by learning everything there is to know about the Greece Golden Visa program, including eligibility requirements, investment requirements, and other specifics, before making a choice. Let’s get things started.
What are the Benefits of The Program?
With the Greek Golden Visa, you and your family are allowed to reside in Greece for an unlimited amount of time. Additionally, there is no minimum stay requirement, so you may take advantage of the freedom to live in Greece at your own speed. The Golden Visa gives holders access to public healthcare and educational advantages in addition to the right to live and work in the nation.
Travel within the Schengen area without a visa is one of the main benefits of having a Greek residency permit. This is quite convenient for people who move throughout Europe regularly as it allows you to travel freely to 26 countries without requiring additional visas.
An additional important aspect of the Greek Golden Visa is family reunion. In addition to enabling your spouse and children under 21 to accompany you, Greece’s program also permits the applicant’s parents and parents-in-law to do so without any more conditions. What distinguishes Greece’s scheme from many others around Europe is its extended family benefit.
Greece has the lowest investment requirement of any European Golden Visa program; all it takes is €250,000 to qualify for a real estate investment. Following years of inactivity following the 2008 financial crisis, the Greek real estate industry is currently rebounding and exhibiting encouraging growth as of 2023.
Greece has a Double Taxation Treaty in effect, thus depending on your country of residency and length of stay in Greece, you could be able to avoid paying taxes on your foreign income. Additionally, the nation offers tax breaks to specific demographics, including retirees and digital nomads. Make sure you get advice from a professional financial counselor to find out whether you may take advantage of any of these tax breaks.
Greece Golden Visa 2024: New Rules and Benefits Revealed
According to the latest information we have obtained from Get Golden Visa, one of the leading immigration investment advisory firms, The Greek Golden Visa program has undergone significant revisions, with new investment opportunities available. As of August 31, 2024, additional investment options are available, as is the €250,000 minimum investment. As a Greece Golden Visa investor, you can still obtain a five-year residence permit by spending €250,000 on current real estate investment opportunities, such as converting commercial properties into residential units or repairing listed buildings.
The Bottom Line
One of the most attractive choices for non-EU nationals wishing to get residency in Europe through investment is still the Greece Golden Visa program. It offers the flexibility to reside in Greece without a minimum stay restriction, a relatively modest investment criterion of €250,000, and access to public healthcare, education, and visa-free travel throughout the Schengen region. The program has recently undergone changes that increase investment options and increase accessibility. The program’s attractiveness is further enhanced by the possibility to invite extended family members, such as parents and in-laws. Greece’s Golden Visa, in conjunction with advantageous tax incentives, presents a compelling route to European residence by 2024.
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