Investors looking for citizenship or residence by investment find an excellent attraction in Greece. Although Greece cannot provide outright citizenship by greece residency by investment offers a road to permanent residency and finally citizenship. Because of its cost, geographical position, and proximity to the European Union (EU), this program draws worldwide investors.
Investment prices
The Greek Golden Visa’s minimum investment criteria call for real estate valued at €250,000. In certain highly sought-after places, including Athens and Mykonos, the minimum investment has been raised to €500,000, nevertheless. Investors have various choices, including:
- Invest in real estate, either residential or business.
- Leasing hotel rooms or tourist homes for a minimum of ten years is known as a long-term lease.
- Investing in Greek companies, government bonds, or bank deposits is business or share-related.
- Legal fees, taxes, and property registration fees—which may run from 10% to 15% of the investment value—are further expenses.
Processing times
Usually lasting 3 to 6 months for approval, the Greek Golden Visa application procedure is quick and easy. The key actions consist of:
- Investors decide and buy real estate or make a qualified investment in property.
- Required documentation is sent in: evidence of investment, health insurance, a clean criminal background, etc.
- Investors have to visit Greece for the biometric data-collecting appointment.
- Residency Permission Issuance following clearance, a renewable five-year residency permit is issued.
Notable benefits
- Affordable investment threshold greece provides a competitive investment starting point when compared to such initiatives in Europe.
- Visa-free travel the Golden Visa grants free Schengen Zone travel.
- Unlike many other initiatives, Greece does not call for investors to live in Greece.
- After seven years of residence, investors can apply for Greek citizenship, therefore obtaining an EU passport.
- The application can be filed with spouses, children under 21, and dependent parents.
- Real estate investments provide a good chance as they may produce rental revenue.
The greece residency by investment offers a great road towards EU residence with a final route to citizenship. Greece is a preferred choice for worldwide investors with its low investment threshold, flexible residence rules, and robust real estate market.
