UPDATE 16/03/24: Changes to the investment & eligibility criteria, are about to pass a parliamentary vote! Read our latest post for more details: https://www.expatlaw.gr/post/greek-golden-visa-2024-update-investment-criteria-transition-period
In the heart of the Mediterranean lies Greece, a country rich with history, culture, and opportunities. For those looking beyond their borders for a new chapter, Greece offers a golden opportunity: the Greek Golden Visa program. Our Athens-based legal agency is at the forefront, guiding you through the tapestry of opportunities Greece offers. Let's dive into what 2024 has in store for you.
What is the Greek Golden Visa Program?đď¸
Introduced to encourage investment into Greece, the Golden Visa program offers non-EU citizens and their families a chance to gain permanent residency through real estate investment. The investment program provides applicants with a residence permit, and the benefits of living and traveling in a country.
Who is Eligible?đ¤
Eligibility extends to any non-EU citizen who makes the required real estate investment in Greece, whether directly or through a legal entity. The program is also open to those investing in land with plans to build, signing long-term lease agreements for tourist accommodations, or even those entering into timeshare agreements for a period ranging from 1 to 60 years.
There are two main options:
Real Estate: The cornerstone of the Golden Visa, a âŹ250,000 investment grants you residency, with the charm of Greek property as a bonus. In select municipalities, the threshold is âŹ500,000.
Cash Investment: For those looking beyond real estate, options abound, from government bonds to venture funds, each requiring a âŹ400,000 investment.
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Amplified Investment Criteriađđś
In 2023, Greece's Golden Visa program, has extended its embrace, increasing the minimum investment threshold to âŹ500,000 in select locales, including Athens, Thessaloniki, Mykonos, and Santorini. This change underscores the premium on Greece's most sought-after destinations, while still offering an accessible âŹ250,000 threshold in other vibrant regions. Whether it's the pulsating heart of Athens or the tranquil shores of the Aegean, Greece is ready to welcome you.
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Benefits at a Glance đ
Residency in Greece: Not just a permit, but a pathway to living in one of the worldâs most historic and scenic destinations.
Visa-Free Travel: The Golden Visa allows you and your family to travel visa-free across the Schengen Area, opening up Europe for business, travel, and leisure âď¸đ .
Family Inclusion: Bring your family along. Spouses, children under 21, and even parents can enjoy the benefits of residency đ¨âđŠâđ§âđŚ.
Investment with Returns: Beyond residency, your investment in Greek real estate is a venture that can yield substantial returns, given the countryâs recovering and dynamic real estate market đš.
A Seamless Voyage đ˘
Our agency is your navigator, steering you through the process:
Selection: Discover the investment that resonates with your aspirations.
Application: We'll handle the intricacies, from documentation to submission.
Approval: Await your residency, a token of your investment and trust in Greece's future.
Renewal: Every five years, we'll ensure your residency remains as enduring as the Acropolis.
Changes are anticipatedđ˘
With over 31,000 permits issued, the success stories woven through the Golden Visa program are diverse. However, potential investors should be aware that the thresholds for investment are about to increase and the criteria for eligibility are expected to change very soon. Our lawyers are closely monitoring these developments to ensure our clients are equipped with the most current information and strategies to navigate these changes effectively. Stay tuned for detailed updates!
How We Can Helpđ¤
Navigating the intricacies of the Golden Visa program requires expertise and precision. Our legal agency, staffed by seasoned professionals, offers end-to-end services to streamline your application process. From selecting the right investment to compiling the necessary documentation and submitting your application, we are with you every step of the way.
I am considering to purchase property in:
Athens
Thessaloniki
Elsewhere mainland
An island
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