GREEK GOLDEN VISA PROGRAM ranks at the top of the list of the most appealing and beneficial residence-by-investment programs in Europe and this is not a surprise. Besides that Greece is one of the safest European countries, offering a high quality of life, the Golden Visa program itself offers a number of privileges to its applicants.
There are many reasons why someone would choose to apply for the Greece Golden Visa Program and below we highlight the ten of the major benefits:
LOW ENTRY THRESHOLD
Greece Golden Visa Program includes various qualifying options, however the most affordable is the Real Estate Acquisition. With an investment of at least EUR 250,000, plus any applicable taxes, real estate owners and their families can qualify for the program. Applicants can combine more properties to reach the minimum investment criterion. Also, there is no restriction to the type of properties. Commercial, residential units, and land can qualify for the program.
VISA-FREE ACCESS TO SCHENGEN AREA
Greece is a full member of the EU and a member state of the Schengen Area. Therefore, holders of a residence permit in Greece enjoy unrestricted visa-free travel throughout the Schengen Area. The Schengen Area consists of 26 countries.
POSSIBILITY TO APPLY WITHOUT TRAVELLING TO GREECE
Applicants can now apply for a residence permit through a proxy, without the obligation to previously visit Greece. The Power of Attorney for the appointment of a proxy must be signed before a Greek Consular authority. The non-EU citizen must enter Greece in a period of 12 months from the date of the confirmation receipt of the application, in order to submit his biometric data.
Provided that all the financial requirements and other qualifications are satisfied, the golden visa application can be processed within 30-60 days from the date the biometrics are duly submitted.
RESIDENCE TO ALL FAMILY MEMBERS
The main applicant under the Golden Visa Program is entitled to include his/her spouse, children under the age of 21, as well as his/her parents and the parents of his spouse, in the same application. Kindly also note that partners who sign a cohabitation agreement in Greece, are also entitled to a residence permit in Greece. This applies to same-sex couples as well.
NO MINIMUM PHYSICAL-STAY REQUIREMENT
Holders of a golden visa are not obliged to reside or spend any period of time in Greece. They may visit Greece whenever they like and stay as long as they want, without losing their residence permit.
RENEWAL OF THE RESIDENCE PERMIT
The residence permit is issued for a period of five years and shall be renewed every five years provided that the investment is maintained.
HIGH RENTAL RETURNS
Applicants can find attractive investment opportunities in Greece while having the right to rent out the property and enjoy the rental income.
ACCESS TO THE EDUCATION AND HEALTHCARE SYSTEM
The Golden Visa holders are able to enjoy access to the public education and healthcare system in Greece. Greece offers a wide variety of international education options for students seeking to study in Greece and a very modern healthcare infrastructure with highly skilled professionals.
ELIGIBILITY TO APPLY FOR THE GREEK CITIZENSHIP
After seven years of legal residence in Greece, Golden Visa holders are eligible to apply for the acquisition of Greek citizenship. In this case, the applicants must fulfill all the preconditions of the Greek Citizenship Code applied for the acquisition of Greek citizenship by naturalization.
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