Greece’s warm Mediterranean climate, world-renowned gastronomy, and cosmopolitan cities, coupled with the country’s exquisite beaches and authentic local traditions and hospitality, have led many upwardly mobile individuals to make this country their second home.
As a member state of the EU, Greece offers its residents and citizens a number of reassuring benefits including high levels of safety and security, excellent education opportunities, robust healthcare options, and a dependable rule of law.
The Greece Golden Visa Program is considered one of the most affordable residence-by-investment programs that provides access to Europe. Successful applicants and their families are able to benefit from visa-free access to Europe’s Schengen Area within two months of applying.
Requirements
The Greece Golden Visa Program is a residence-by-investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. The residence permits may be renewed every five years.
The program’s qualifying options are:
A: Real estate options
Real estate acquisition: An investment in real estate property with a minimum value of EUR 250,000, plus the applicable taxes
A 10-year lease agreement for hotel accommodation or furnished tourist residences in tourist accommodation complexes
A 10-year time-sharing agreement for hotel accommodation
B: Capital contribution
Shares, bonds, and/or government bonds
Purchase of Greek government bonds with a minimum acquisition value of EUR 400,000 and residual maturity of at least three years at the time of purchase, via a credit institution established in Greece, which will also act as the custodian of these bonds
Purchase of shares, corporate bonds, and/or Greek government bonds with a minimum acquisition value of EUR 800,000, which are admitted for trading or are traded on regulated markets or multilateral trading mechanisms, operating in Greece
Purchase of units with a minimum value of EUR 400,000 of a mutual fund incorporated in Greece or another country and with the intention to invest exclusively in shares, corporate bonds, and/or Greek government bonds that are admitted for trading or are traded on regulated markets or multilateral trading mechanisms, operating in Greece
Purchase of units or shares with a minimum purchase value of EUR 400,000 of an alternative investment fund established in Greece or another country of the EU, which intends to exclusively invest in immovable property in Greece
Capital transfer: Term deposit of a minimum value of EUR 400,000 to a domestic credit institution, for at least one year, with a standing order for renewal.
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Skyros Enterprises is an independent global business advisory firm that offers services designed to assist clients across the processing cycle from proactive risk management to the ability to respond rapidly to unexpected events and dynamic environments.