Greece Golden Visa Program

Real-estate owners can benefit from the Greece Golden Visa Program as it is the most beneficial Greece residency by investment program among the EU countries. The programs allows the right to live and engage in business activities in the EU. The program offers all the perks of EU/Schengen residency.

In 2013, the Greek government set up its Golden Visa Program. It is one of the most popular options for residency by investment. Between January and June 2020, more than 22,500 residence permits were issued to non-EEA and non-EU investors and their families. These investors made property investment of at least €250,000. The Golden Visa holders get to stay in Greece and travel freely within the EU and Schengen for five years as long as they maintain the investment property.

There are no residency requirements. The duration for this residency permit if for 5 years and if the investor still owns the property after 5 years, it may be renewed.

At MAVEN MIGRATION SERVICES, we possess an extensive experience in immigration and assist you in securing Greece residency by investment from UAE. Our professional team can represent you before the Greek authorities and apply on your behalf. As an applicant, you just need to choose the property and we take care of the rest of the process.

Changes in Greece Golden Visa Program

The Greek Golden Visa is one of the most popular and preferred options to acquire European residency by investment program. Earlier this year, the Greek government revised the program. This represents some changes for possible investors. The minimum investment threshold of the Greek Golden Visa Program increased from €250,000 to €800,000 in certain areas. The changes will become effective as of September 1st, 2024. This increased limit applies to real estate investments in region of Attica, Thessaloniki, Mykonos, and Thira and on islands having populations over 3,100 residents.

If you have already submitted an application for Greece Golden Visa, your case will be under review. So, the new changes shall not impact your application. The investments the investors made under the previous regulations will go as planned.

MAVEN MIGRATION SERVICES is your trustworthy and reputable consultancy company that shall guide you with their professional experience and expertise to acquire a Greek Golden Visa by applying for Greece residency by investment from Dubai.

Investment Options for Greece Golden Visa

Numerous investment types allow investors to qualify for Greece residency by investment via Greek Golden Visa. These include real estate and government bonds investment.

Purchasing real estate in Greece

An investor can purchase a property for €250,000+ until August 31st, 2024 and qualify to apply for the Greek Golden Visa under the present rules if:

They deposit 10% of the property’s value by August 31st and get into a preliminary purchase agreement.

And complete the transaction by transferring the remaining balance amount by December 31st, 2024.

If an investor makes a deposit but is unable to complete the transaction by the year end, they may buy another property at the same price. However, they will have to deposit the full investment amount by April 30th, 2025.

After August 31st, the minimum investment for Greek Visitor Visa is going to increase, and will be:

€800,000 in Attica, Mykonos. Thessaloniki, Santorini, and islands with over 3100 residents

€400,000 in all the other regions.

The limit of €250,000 will continue as an exception for those properties that have been purchased with the intent of renovation or conversion into residential space.

Investors can buy a single property that is valued at €250,000—800,000.

The area of property for €250,000—800,000 valued properties should be at least 120 square meters.

Why Greece?

Greece is renowned for its picturesque scenic views, delectable Mediterranean cuisine, and the ancient civilization. Situated at a point between Africa, Asia, and Europe, Greece happens to be one of the mist beautiful European countries. One-fifth of the area is covered with lush green islands, sparkling beaches, and historic spots.

Greece happens to be one of the oldest European civilizations. The country is associated with the European Union and boasts the first democratic government of its kind. Greek has a rich history and is well known for having roots of modern philosophy. The ancient Byzantine Empire ruled it for more than thousand years and the Ottoman ruled it for about four centuries. Greece is a popular tourist spot because of its culture, cuisine, and historic sites.

Eligibility Criteria for Greece Golden Visa Program

The Greece Golden Visa program is not a citizenship by investment program. However, you can apply for naturalization in Greece at the end of seven years if you meet certain criteria:

Here are the requirements for applying for Greek Golden Visa

Investors must be at 18 years old

A valid visa for Greece at start of application

Clear criminal record

During their stay in Greece, the applicants and their dependents should have health and hospital insurance from an authorized Greek insurer

Applicants should present proof that they are financially sound to support themselves

Applicants need to pass a fit and proper test

Documents with the applications should be certified and translated into Greek.

Documents for Golden Visa in Greece

To apply for the Greek Golden visa, you need to submit the following documents:

Application form of Greece Golden Visa

Recent passport photos

Valid passport

Proof of payment for the government and visa fees

Proof of health insurance in Greece both for you and your family members who are applying

Proof of funds to cover the investment and their source

Additional documents as per investment need

Translation of your documents in Greek is necessary. A Greek attorney or the Translation Service of the Ministry of Foreign Affairs in Athens should do it.

Steps for Applying for Greece Golden Visa

Here is a step-by-step guide to apply for a Greek Golden Visa:

Choose Property

First of all, determine the investment criteria and choose the property you want to invest your money in. You could opt for different features for investment as long as the value is equal or above the minimum investment amount.

Open a Greek Bank Account and Get Non-Resident Tax Number

You need to follow all the legalities. Get a Greek Non-resident Tax number and open a bank account. You can also execute a power of attorney as an optional step.

Get Acquisition of the Property

This involves following the necessary steps and carrying out the due diligence of the property by a lawyer on your behalf. Then, you should obtain the promissory sale and purchase agreement along with execution of a public deed.

Commence the Application Process

Prepare all the required documents needed for Greek Golden Visa application. Since it can get a bit overwhelming, it is best to hire a lawyer to handle all the legal matters.

Earlier, applicant had to visit Greece to submit the biometrics data to relevant Greek authorities. However, due to changes made in the Greek Golden Visa program on December 23rd, 2020, you can apply remotely. You just need to provide your law firm in Greece with a PoA ( Power of Attorney).

Get Approval for Greece Golden Visa

The relevant authorities would do this and approve your Golden Visa application. Then, you will get a Golden Visa Residence Card.

Renew Golden Visa

You can apply for Golden Visa residence card renewal every five years. This makes it easy to acquire permanent residence.

Apply for Greece Citizenship

Once you have lived in Greece for seven years and paying taxes, it will make you eligible to apply for Greece citizenship and passport.

Residency by Investment Greece - Golden Visa Benefits

Here are some of the key benefits of Greek Golden Visa

01

Access to all Schengen countries without visa

02

All major European cities within a distance of 1-4 hours

03

You can apply remotely for Greece Golden Visa

04

Apply for Greek citizenship after seven years of residency

05

High potential of yielding return from a booming real estate market

06

High potential of yielding return from a booming real estate market

MAVEN MIGRATON SERVICES – Greece Residency by Investment from Dubai

Here is why you should choose us for acquiring Greece Residency by Investment via Golden Visa:

Expertise

We have vast experience and skills in immigration law and investment. With a proven successful track record, you can count on us to achieve your dreams of acquiring a Golden Visa.

Affordable Services

We understand how expensive the costs of applications can other fees can be. Therefore, we realize how important it would be for the applicants to save on some areas. We try to keep our service charges as affordable and reasonable as possible.

Personalized Services

We ensure client satisfaction, assist them in every step, and tailor our services to meet each client’s unique goals, circumstances, and preferences.

Complete Support

We are committed to deliver our best services based on our skill, knowledge and experience, so that the client gets closer to their goal and a promising future. Experts at MAVEN MIGRATION SERVICES are always there to offer their valuable guidance throughout the application process to achieve desired results.

From initial consultation to application submission and finally acquisition of residency by investment, we shall provide professional services to ensure client satisfaction. Get in touch with us today to learn more about residency by investment programs and embark on a journey towards a prosperous future.