Golden Visa: A Simplified Explanation
The Golden Visa in Greece allows you to obtain a residence permit if you meet the following requirements:
Real estate investment:
- Purchase one or more properties in Greece with a total value of €250,000 or more.
- The property can be a residence, land plot, tourist accommodation, or commercial property.
- Ownership of the property must be exclusive, with full ownership, possession, and usufruct.
- In case of co-ownership, each co-owner must have invested at least €250,000.
Eligible individuals:
- The Golden Visa is for third-country nationals, non-EU members.
- The permit is granted to the main investor, as well as their spouse, parents, and children under the age of 21.
Duration and Renewal:
- The initial residence permit is valid for 5 years.
- It can be renewed indefinitely as long as the investment in the property is maintained.
Benefits:
- Freedom to reside in Greece for 180 days per year, with the possibility of movement throughout the Schengen area.
- Possibility of acquiring Greek citizenship after 7 years of legal residence.
- Access to a quality healthcare and education system.
- Favorable tax regime for non-residents.
Application Process:
- The Golden Visa application is made electronically or through an authorized representative.
- Supporting documents are required, such as a property purchase contract, bank account certificate, biometric data.
- The cost of issuing and renewing the residence permit varies.
Tips:
- It is advisable to consult with an experienced lawyer or tax advisor to ensure a smooth process.
- Stay informed about any changes to the requirements and legal framework of the Golden Visa.
Sources:
Note:
This summary is for informational purposes only and does not constitute legal advice.
