With its stunning islands, rich history, and delicious cuisine, Greece has long been a favorite destination for travelers. But did you know it’s also a gateway to European residency? The Greek Golden Visa program offers a unique opportunity for non-EU citizens to obtain a residency permit by investment, opening doors to visa-free travel throughout the Schengen Area and a potential pathway to Greek citizenship.
Why Greece?
In a world of golden visa programs, Greece stands out for several reasons:
- Lower Investment Thresholds: Compared to other European programs, Greece offers relatively accessible investment options, particularly for real estate.
- Fast Processing Times: The Greek Golden Visa program is known for its efficiency, with approvals typically granted within a few months.
- Family-Friendly: Include your spouse, dependent children, and even dependent parents in your application.
- Minimal Residency Requirements: You don’t need to live in Greece full-time to maintain your residency permit.
- Schengen Access: Enjoy visa-free travel to 26 European countries within the Schengen zone.
How to Secure Your Greek Golden Visa: A Step-by-Step Guide
1. Partner with a Licensed Firm
Navigating the complexities of a Golden Visa application can be challenging. Start your journey by connecting with a licensed firm specializing in investment immigration, such as Apex Capital Partners. Your dedicated agent will provide invaluable guidance and support throughout the process, ensuring a smooth and successful application.
2. Choose Your Investment Path
The Greek Golden Visa program offers flexibility in how you make your qualifying investment. Your agent will help you assess the best option based on your individual circumstances and goals. Here are the main investment pathways:
- Real Estate: This is the most popular route. However, be aware of the recent changes to minimum investment amounts:
- €800,000: For a single property in high-demand areas like Athens, Thessaloniki, Mykonos, Santorini, and islands with a population of over 3,100.
- €400,000: For a single property in most other regions of Greece.
- €250,000: This lower threshold still applies to:
- Properties converted from commercial to residential use.
- Properties in listed buildings that are fully restored or reconstructed.
- Other Investment Categories: If real estate isn’t your preferred route, your agent can advise you on these alternatives:
- €250,000: Sign a 10-year lease agreement with a hotel or tourist establishment.
- €350,000: Invest in an alternative investment fund focused on Greek real estate.
- €500,000: Invest in Greek government bonds with a maturity of at least three years.
- €500,000: Acquire shares in a share capital increase or bonds traded on regulated Greek markets.
- €350,000: Invest in a mutual fund focused on Greek shares, corporate bonds, or government bonds.
- €800,000: Invest in corporate or government bonds traded on regulated Greek markets.
3. Due Diligence and Legal Counsel
Before making any investment, your agent will assist you in conducting thorough due diligence. They will connect you with reputable lawyers specializing in immigration and real estate to guide you through the legal aspects:
- Property Verification: Confirming legal ownership, building permits, and any potential issues.
- Contract Review: Ensuring your purchase agreement protects your interests.
- Tax Planning: Understanding the tax implications of your investment and residency status.
4. Gather Required Documents
Your agent will provide a comprehensive checklist and assist you in gathering the necessary documentation for your application. Typical requirements include:
- Valid Passport: With at least six months of validity remaining.
- Visa Application Form: Completed and signed.
- Proof of Investment: Documentation confirming your investment (e.g., property purchase agreement, bank statements).
- Health Insurance: Proof of comprehensive health insurance coverage valid in Greece.
- Clean Criminal Record: A certificate from your home country showing no criminal convictions.
- Proof of Income: Evidence that you have sufficient financial resources to support yourself and your family in Greece.
5. Submit Your Application
Your agent will guide you through the application submission process, ensuring all documents are correctly prepared and filed at your home country’s Greek consulate or embassy.
6. Biometrics Appointment
After submitting your application, you must attend an appointment in Greece to provide biometric data (fingerprints and photograph). Your agent can help you schedule this appointment and make travel arrangements.
7. Receive Your Golden Visa
If your application is approved, your agent will receive your Golden Visa on your behalf and ensure it is safely delivered to you. The visa is typically valid for five years.
8. Renew Your Residency Permit
To maintain your residency permit, you’ll need to renew it every five years. Your agent can manage the renewal process, ensuring you meet all requirements and your residency status remains valid.
Path to Citizenship
After seven years of continuous residency in Greece, you may be eligible to apply for Greek citizenship. Your agent can advise you on the requirements and application process, which includes:
- Physical Presence: You must have lived in Greece for at least seven years.
- Tax Residency: You must have been a tax resident in Greece for most of those seven years.
- Language Proficiency: You’ll need to pass a Greek language test.
- Integration: Demonstrate a basic understanding of Greek culture and society.
Important Considerations:
- Investment Risks: Like any investment, there are risks involved. Your agent can help you assess these risks and make informed decisions.
- Tax Implications: Becoming a tax resident in Greece can affect your global tax liability. Your agent can connect you with tax advisors to understand the implications.
- Changing Regulations: Golden visa programs can be subject to changes in regulations. Your agent will stay abreast of any updates and advise you accordingly.
Open the Door to Europe
The Greek Golden Visa program offers a compelling opportunity to gain residency in a beautiful and historically rich European country. By partnering with Apex Capital Partners and following the steps outlined in this guide, you can unlock the benefits of this program and enjoy a new chapter in your life.
