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GOLDEN VISA GREECE
Do you want to live and work in the heart of Europe, enjoying beautiful landscapes, crystal clear seas and the unique culture of Greece? Greece Golden Visa is the key to your dream! A ticket to the world of European comfort and stability.
What is the Greek Golden Visa? Type of Residence Permit Type of residence permit
The Greek Golden Visa is a relatively new program that allows foreign investors to obtain a residence permit in Greece for the purchase of real estate. The program was launched in 2013 and provides foreign investors with the opportunity to obtain a residence permit in Greece by investing in real estate in the country.
Greece Golden Visa Requirements 2023
Getting a Golden Visa for Greece is not difficult, but you should enlist the help of realtors in advance because the main requirement is the purchase of real estate. To obtain a visa, an investor must comply with the following requirements:
- Invest in real estate or business in Greece for at least €250,000. Important! In 36 municipalities, from July 31, 2023, the minimum threshold will increase to €500,000, according to a government decree.
- Provide evidence of the origin of funds for investment.
- Have health insurance.
- Do not stay illegally in Greece or other Schengen countries.
- Do not violate the rules of the program after receiving a visa.
Algorithm for obtaining the "Golden Visa"
First, you need to check if you meet the criteria for the Golden Visa program. It will take no more than 10 minutes of your time, everything else will be done by a VGP specialist and the next day you can get the result.
Step 1. Leave a request for verification (it’s free):
Get advice on the Golden Visa program
Fill out the form and our specialist will contact you.
Step 2. After passing the verification, together with our specialist, you need to do the following steps:
Select a property with a value of €250,000 by 31 July 2023 or €500,000 in selected municipalities from 31.07.2023.
Conclude a contract for the sale or lease of property.
Open a bank account in Greece and transfer money for investment.
Submit all documents for obtaining a visa, including proof of origin of funds, health insurance and property documents.
Apply for a visa in the country and pay the relevant government fees.
Pass a medical examination and be fingerprinted.
Obtain a Golden Visa for 5 years.
Important! Russian citizens cannot take part in the program. Exception: if they have a passport from another country, such as Israeli or Turkish.
If verification fails. Other options for obtaining a residence permit in Greece will be offered.
Greece Golden Visa Requirements 2023
In 2022, the Greek government warned of an increase in the minimum threshold for investing in real estate to obtain a residence permit. The minimum price of real estate, the purchase of which will give the right to a residence permit, will be increased from €250 to €500 thousand in 36 key municipalities of the country. Most of these are regions in the vicinity of Athens, Thessaloniki, on the tourist islands of Santorini and Mykonos. The transitional period has been extended until July 31, 2023.
Legal issues scare many foreigners who have heard of the bureaucratic red tape in Greece. Obtaining a Golden Visa is simplified, so there are not a lot of requirements for potential buyers. For the procedure, you will need a small list of documents:
- Original and copies of passport photo pages.
- Marriage certificate, if applicable.
- Evidence of origin of funds.
- Documents for the property or business to be acquired.
- Medical insurance.
Greece's golden visa deadlines
It will take from several weeks to 2 months to fully process and obtain a visa, depending on specific circumstances. Investors usually receive within 2-3 months after applying. During the pandemic, the duration of the review increased slightly, but now it has stabilized again. A residence permit is issued for 5 years with a priority right to renew.
Benefits of the Greek Golden Visa
Greece is a European country, which has the interests of residents from all over the world. Sun, sea, interesting history and colourful culture combined with a high standard of living is just a dream. However, a visa in a country by the sea provides other privileges:
- Freedom of movement throughout the Schengen area.
- Opportunity to live and work in Greece.
- No need to be in the country.
- Access to high-quality educational institutions and medical services.
- Opportunity to obtain citizenship after a set period of residence within the country.
- Available for all family members
Examples of successful investments in Greece
One of the most striking examples of the work of the Golden Visa program is the investment of a businessman from Eastern Europe. The man decided to invest 250,000 euros in a luxury villa on the island of Mykonos. The investment not only enabled him and his family to obtain a local visa but also proved to be a wise financial decision. The villa, located in one of the most sought-after areas of Mykonos, has since risen in price by 30%. This made her a valuable asset in a businessman’s investment portfolio. And there are many such examples.
The Greek Golden Visa can be an attractive choice for foreign investors who want to obtain a residence permit in the country and access its opportunities. If you want to have time to take part in the program before increasing the threshold to 500,000 euros, you should look for suitable options right now. However, before deciding to invest, it is necessary to carefully study the conditions of the program and the specific requirements for its participation. We recommend consulting with VGP specialists who have been working in the field for several years and know exactly about all the nuances and procedures.
