Greece Golden Visa Program
Greece is considered a major European business centre and is regarded as one of top holiday destinations globally. Consisting of the mainland and thousands of islands spread across the Aegean and Ionian seas Greece’s popularity continues to increase as both a tourist and residential destination.
Greece is a member state of the EU and this allows residence the freedom of movement within the Schengen area, access to renowned health care, education and a sound rule of law. The Greece Golden Visa Program is one of the most affordable and well rewarded residence-by-investment Programs in the EU.
The Benefits
- Visa-free travel within Europe’s Schengen Area
- Opportunity to rent out the investment property
- Eligibility to apply for citizenship after seven years of residence
- Residence applies to the whole family (married spouse, children under 21 years old, and parents of the main applicant and spouse)
- No requirement to reside in Greece
- Residence permits can be acquired within 30-60 days
- Unlimited expiry date of residence permit
- Permit holders may hold shares and receive income from the dividends of a company registered in Greece. They are, however, not allowed to be employed in Greece.
Dependants
- Spouse of the main applicant
- Child or adopted child of the main applicant who is under the age of 21
- Parents of both the main applicant and spousal dependent.
Eligibility Criteria
- Main applicant must be over the age of 18
- Applicant must be a non EEA or Swiss National
- Have suitable maintenance funds available
- Main applicant and adult dependents must pass required Due Diligence
- Applicants must be in possession of a valid travel Visa prior to applying
Investment Required
- The purchase of property in Greece to minimum value of EUR 500,000, plus the applicable taxes.
- Valid Health Insurance which is recognised in Greece must be held by all applicants
- All the essential documentation that accompanies the application for an immigration permit must be duly certified, along with a translation of the same documents into the Greek language.
- A valid visa is needed at the beginning of the application process in order to enter Greece.
Procedure and Timeframe
immVest International will strive to ensure that the best option is arrived at prior to engaging. We will then perform an initial due diligence both internally and with our Country specific Delivery Office. Our Client Agreement will then be signed, and relevant Professional Fees will then be payable. Our immVest International Processing office together with our Country specific Delivery Office will begin full preparation on the application prior to submission and visitation (if required).
