Golden visa is residency by investment into that particular country. Greece introduced this program for non EU citizens in 2013. So any foreigner can now be a resident in the country by way of investment.
To acquire a Golden visa for Greece one must invest into the Real estate which is worth a minimum of €250,000; it may be either residential or commercial property. For additional revenue, the property may be rented out, but only after being owned for at least five years. The application procedure is not complicated and can be finished in a couple of months. Candidates must present documentation of their investment, health insurance, and a clear criminal history. There is an application fee that needs to be paid for the same. A 5 year renewable residence permit is available to the applicant and their family members once their application has been accepted. Traveling inside the Schengen Area is unrestricted with the permit. The applicant and their family are eligible to seek Greek citizenship after seven years of residency in Greece.
BENEFITS OF GOLDEN VISA GREECE
Travel within the Schengen Area of Europe without a visa
It is not necessary to live in Greece
Permits for residence can be obtained in 30–60 days.
Residence permit has an indefinite expiration date
Possibility of leasing the investment property
Suitable residence for the entire family (married spouse, children under 21 years old, and parents of the main applicant and spouse)
After seven years of residence, the ability to petition for citizenship
Possibility of owning shares and earning money through dividends of a Greek company (but not to be employed in Greece)
WHO IS ELIGIBLE FOR GOLDEN VISA?
In order to qualify for a Greek Golden Visa, you must:
One needs to be 18 years or above.
You must not have a criminal background in any of the countries you’ve lived in.
Greece requires a substantial investment from you (see the investment options above).
You must have purchased health insurance.
To find out if you qualify for the Greek Golden Visa Scheme, you are welcome to request a free consultation from the professionals at Advision Overseas. If you are, we can assist you with both the Greek visa application process and the acquisition of the investment.