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Some Complexities of the Greek Golden Visa

posted 2 years ago

At H. Priority Trust Serviceswe worked with investors and families from all over the world interested in getting a Golden Visa in Greece. We are here to help investors obtain a Golden visa through a real estate or general investment that will grant them a permanent European EU residence permit.

The Greece Golden Visa program is one of the most popular residences by investment programs in Europe, as well as the world.  There are some good reasons behind this fact:

  • The program offers several relatively affordable investment options that will qualify you for a residence permit in Greece
  • As a resident, you are not required to spend any time in Greece, at all
  • With your Greek residence card, you can travel within the European Schengen zone without the need for an additional visa
  • You can easily include a wide range of family members within your application and spread the joy
  • The program is a trustable residence by investment scheme that is not on any blacklists
  • If and once you become a Greek citizen, you can live and work anywhere in the European Union
  • Greece is a safe and stable country with a great quality of life, low cost of living, good education and healthcare services, and a wonderful climate

What are the Requirements for the Greek Golden Visa?

  • Be a non-EU citizen
  • Be at least 18 years of age
  • Have a clean criminal record
  • Great customer support: accessible in different languages via phone and email
  • Have medical insurance for yourself and your family
  • Be of good character
  • Make a qualifying investment
  • Maintain the investment for as long as you have a Golden Visa

If a real estate investment isn’t for you, luckily the Golden Visa program offers other investment options and opportunities.

What is the Greece Golden Visa Program?

The Greece Golden Visa Program is a five-year residency by investment program that launched in 2013 and has since enabled third-country nationals as well as non-EU/EEA citizens and their family members to become holders of permanent residence permits in Greece. To qualify for the program and acquire the renewable residence permit, applicants must first have a clear criminal record and place an adequate investment in Greece with a current minimum value of €250,000 – if placed in real estate.

It is important to note that there will be new Greece Golden Visa rules, as the Greek government is raising the minimum value to €500,000 for real estate investments to grant priority purchases to Greek locals. The government still did not announce when the change will take place; however, Greece Prime Minister Kyriakos Mitsotakis expects it to happen in early 2023.

Nevertheless, provided that applicants maintain their investments, they become eligible for residency in Greece and can obtain a residence permit that can be renewed every five years. Those who succeed with their application and acquire the Greece Golden Visa may later qualify for citizenship after seven years of naturalization.

What Should Investors Expect from Greece Golden Visa Changes?

While the upcoming change on Greece Golden Visa aims to make property acquisition more affordable for the locals, it’s expected that foreign investors will speed up their application to benefit from the current €250,000 threshold.

We assist clients from all around the world interested in buying property in Greece and obtaining Greece Golden Visas.

Contact us and talk to one of our experienced team members to help you with any and all your questions before the Greece Golden Visa changes.

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