Latest Changes to Greece Golden Visa
With higher thresholds and new investment opportunities, the Golden Visa Greece Program has seen substantial changes. Nonetheless, by spending €250,000 in already-existing real estate investment opportunities, investors can still obtain a five-year residence permit. Commercial properties can be converted to residential usage or listed buildings can be restored for €250,000.
What Is Greece Golden Visa?
By making an investment in Greek real estate or other assets, non-EU nationals can acquire Greek residency under the Greece Golden Visa residency-by-investment program.
The Greek Golden Visa Program was introduced in 2013 and offers a five-year residency permit in return for as little as €250,000 in Greek real estate. Your family is welcome to participate in the residence program. You can live in Greece and travel across the Schengen area without a visa if you have the Greek Golden Visa. We at Get Golden Visa have market expertise because we have assisted hundreds of families in finding the ideal property in Greece and obtaining their Golden Visa.
Before you decide, start your trip by learning the basics of the Greece Golden Visa program, including who may apply, the investment criteria, and all the other information. Let us get things started.
Greece Golden Visa Benefits
For foreign investors, Greece’s Golden Visa program offers several advantages. The ability to reside in Greece, a stunning and culturally diverse EU nation, is one of the main benefits. The residence permit is perfect for people who appreciate mobility around Europe because it also permits visa-free travel within the Schengen Area. Since the scheme covers spouses, kids, and occasionally parents, investors can also profit from family reunification. Greece’s Golden Visa is well-known for having a low investment requirement, which makes it especially alluring in light of the nation’s burgeoning and potential real estate sector.
Furthermore, Greece has double taxation agreements with many nations, which helps investors avoid paying taxes twice on the same income. This makes the program both strategically advantageous and financially efficient.
Right To Live in Greece
A Greek Golden Visa allows you to live in Greece with your family. You are free to remain for however long you desire. In fact, there is not a minimum stay requirement either. The right to live in Greece also includes access to public healthcare and education.
Golden Visa Holders Can Travel Freely in The Schengen Zone Without a Visa
You can travel freely throughout the Schengen area with the Golden Visa without requiring a separate visa. The 26 European nations that make up the Schengen zone have formally done away with border controls and visa requirements at their shared borders.
Applicants Can Include Their Family
Is it possible for your family to accompany you? They certainly can. You are permitted to enroll your spouse and children under 21 in the residence plan. This implies that everyone of these family members is eligible to apply for and benefit from a Golden Visa card. The Extended Family benefit is offered by the Greek program in addition to the other Golden Visa programs. This implies that there are no additional prerequisites for the parents and parents-in-law of the lead applicant to obtain cards.
Reasonable Investment Amounts
Greece’s Golden Visa program has the lowest investment criterion in Europe. The initiative allows you to invest as little as €250,000 in Greek real estate.
During the 2008 financial crisis, the Greek real estate market was severely damaged and struggled for over ten years. The Greek real estate market is trending upward as of 2023.
No Need to Pay Double Tax
It is likely that your foreign income will not be taxed in Greece, depending on where you live and how long you stay there. If so, you can continue operating your business outside of Greece and take advantage of certain tax advantages. Foreign nationals who reside in Greece as tax residents are also eligible for tax incentives. For retirees, digital nomads, and other specific expat groups, there are several incentive schemes. To find out if you qualify for any of these benefits, be sure to consult your professional advisor.
This article is sourced from the Get Golden Visa.
