A Golden Visa is a type of residence permit that is granted to non-European Union citizens who invest a certain amount of money in a European Union member state. In Greece, a Golden Visa can be obtained by investing at least €250,000 in real estate, or €400,000 in Greek government bonds.
The process of obtaining a Golden Visa in Greece begins with the investor identifying a suitable property or investment opportunity. The investor must then make the required investment, and provide documentation to prove the source of the funds. Once the investment is made, the investor can apply for a Golden Visa, which is typically granted within a few months.
The Golden Visa grants the holder the right to live, work, and study in Greece for an initial period of five years. After five years, the Golden Visa can be renewed for an additional five years, and then again for another five years after that. After the initial five-year period, the holder must spend at least 183 days per year in Greece to maintain the visa.
In addition to the right to live, work, and study in Greece, the Golden Visa also grants the holder the right to travel within the Schengen Area, which includes most of the EU countries. This means that the holder can travel freely within the Schengen Area without the need for a separate visa.
The benefits of a Golden Visa in Greece are numerous. Not only does it grant the holder the right to live in one of the most beautiful and historic countries in the world, but it also grants the holder the freedom to travel throughout much of Europe. Furthermore, the investment made to obtain the Golden Visa can provide a source of income, as well as a potential appreciation in value.
However, it’s important to note that the Golden Visa program in Greece is subject to change and it’s important to check the most recent regulations and laws before investing. Additionally, it’s important to consult with a qualified lawyer and a financial advisor to ensure that the investment is made in a legal and financially sound manner.
In conclusion, a Golden Visa in Greece is a great opportunity for non-EU citizens to invest in a beautiful and historic country, and gain the right to live, work, and study there, as well as travel throughout most of Europe. But it’s important to consider the most recent regulations and laws and seek professional advice before investing.
Are you interested in relocating to Greece with a Golden Visa? Contact us today for more information and to start searching for a property that works for you!