The Golden Visa for Greece is a residency by investment program that allows foreign nationals to obtain a residence permit by investing in real estate in Greece.
According to Weather Online, Greece averages 2,657.6 hours of sunshine each year.It is easy to see why this program has become increasingly popular among investors seeking a sunny European lifestyle whilst stimulating economic growth in Greece.
Benefits of the Greece Golden Visa
The Greece Golden Visa offers several benefits to investors; for example, it provides the opportunity for individuals and their families to live, work and study in Greece, giving Golden Visa Greece holders residency rights. It also allows access to the Schengen area and visa-free travel to 26 European countries.
After five years of continuous residency, Golden Visa holders can apply for Greek citizenship. There are also associated tax benefits, such as reduced property taxes and tax breaks on rental income.
Criteria for eligibility
To be eligible for the Golden Visa Greece, you must invest a minimum of 250,000 in real estate in Greece. The property must be purchased from a Greek developer and must be located in designated areas. Applicants need to have a passport from a country that is not part of the European Economic Area (EEA) or Switzerland. There are also health requirements, and applicants must not have a criminal record. If you are thinking of applying, the rules and regulations should be checked carefully.
The application process for the Golden Visa Greece involves several steps. Prospective participants must gather the required documentation, such as proof of investment, a copy of their passport, and health insurance. They will then need to submit their application to the Greek authorities and undergo a thorough review process before a decision is made.