Greece is one of the nicest country in Europe that has amazing investment opportunities. Greece offers investors an affordable and straightforward option to acquire Greek residency and by extension, visa-free travel access to the Schengen countries and is one of the most effective residency by investment programmes. You have allowed cookies to be placed on your computer. The session cookie is required for authentication, preference tracking, and other necessary functions to fully engage with this website. Any number of properties can combine to make up the €250,000 minimum investment. Greece has been a member of the EU since 1981 and the eurozone since 2001. Once citizenship is granted, the applicant may live, work or study in any of the member countries of the European Union. 6. This is why it is one of the more popular Golden Visa programs. The duration of validity of the residence permit is for five years and is subject to renewal for an equal period each time, provided the implementation of the investment or its operation is continued after its completion. Residency by investment in Greece. The Greece Residency by Investment Program was introduced by the Greek government in 2013 to enable genuine investors to acquire residency in Greece by investing in real estate. The Directorate for Migration Policy of the Ministry of Migration Policy is responsible for the examination of the application and the decision on the issue or the renewal of the residence permit for the realization of investment activity. YOUR CHANCE FORA BETTER LIFE The Residency Permit Program of Greece requires investing a minimum of €250,000 + VAT into Real Estate in Greece. 1. The VAT level varies dependent on the region and is between 16-23%. Living & Working: Residents may only live in Greece. The applicant for Golden Visa Residency in Greece by investment and the members of his/her family did not have a criminal record in the past and are not included in the Greece Undesirable Persons Catalog. Above all, The program entails investing in Real Estate and some other forms of investment. Greece Residency by Investment. 2. 11 operating in Greece”. greece-residency-investment. Greece’s currency is Euro (€) since it became a member of the eurozone on January 1, 2001. Residence permits to investors/real estate owners - Top 10 countries, Source: Ministry οf Migration and Asylum General Secretariat for Immigration Policy, Residence permits to investors/real estate owners per year, Source: Ministry οf Migration and AsylumGeneral Secretariat for Immigration Policy, Residence permits to investors/real estate owners and their families per year. "The resale of the real estate property during the period of validity of the residence permit, to another third-country national shall provide the right to the granting of residence permit to the new buyer with simultaneous withdrawal of the vendor's residence permit.". Economic activity in Greece with a minimum investments of €300 000. 1. Residency by investment programme overview . Focused on you - our Client. Greeks comprise 2.1% of the total EU population. If you choose Greece Program you will get access to higher education for you and your family. GREECE RESIDENCY BY INVESTMENT PROGRAMME BENEFITS. There is no minimum stay requirement and children up to the age of 21 are included in the family application. This is granted through the Greek embassy or consulate within the home country of the applicant. In the case of jointly owned property, worth 250,00… 4. The name of the session cookie is randomly generated. In the case of jointly owned property, worth 250,000 euro, the right of residence is granted only if the owners of the property are spouses with indivisible shares in the property. The official language is Greek and English is the most widely spoken foreign language. The entrance and residence of third country nationals is permitted in Greece, for the purpose of making investments that will have a positive impact on national development and economy. The entrance and residence of third country nationals is permitted in Greece, for the purpose of making an intangible investment in Greece in specific forms of securities or a bank deposit exceeding the value of €400,000, either as individuals or through legal entities. Greece introduced the law No 4251/2014 that allows citizens from any non-European countries to acquire a European residence permit by investment, granting them free movement to travel within the Schengen Zone. The lawyer will later assist in paying the taxes related to the property purchase. (b) has  personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. Its official language is Greek and its official currency is the Euro (EUR). COPYRIGHT © 2020 ENTERPRISE GREECE - ALL RIGHTS RESERVED, Industrial, Consumer & Construction Product Exports. For more information on how to obtain a residence permit in Greece, please contact us. The residence permit shall be issued within five (5) days from the date that the application was submitted. OFFICIAL WEBSITEGREECE ECONOMIC CITIZENSHIP BY INVESTMENT______________________. Greece holds 21 seats in the European Parliament and held the revolving presidency of the Council of the EU 5 times between 1983 and 2014. To the third-country national, to whom has been granted a visa for the realization of an investment, a residence permit shall be granted for the same reason, on procurement of the required documents. Click here to see full Cookies Table. GREECE. 4. 7. Investing in Greece and especially Athens, has gained significant traction and popularity with the ever-increasing demand from International investors, to buy Greek properties as a tool to enter the Golden Visa residency-by-investment Programme. The visa is granted for five years and renewed every five years if the property investment is retained. III. But with less TAX, cheaper Living cost and 360 sun days! Invest € 250,000 in real estate and get a residence … This decision can be reversed. By decision of the Secretary General of the Decentralized Administration, residence permit for five years, subject to renewal, is granted to a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. 24 (Official Government Gazette Α΄ 84) to a beneficiary’s bank account held in a payment service provider, as defined by Law 4537/2018 article 4 par. Please download here the whole of Law 4251/2014 "Immigration and Social Integration Code and other provisions", which includes all other categories of residence permits. You can also read our Greece travel advicefor our latest guidance. The above visa is issued free of charge, on the procurement of the decision of the Interministerial Committee of Strategic Investments, which characterizes the investment as  "Strategic Investment" and the motion of the Secretary-General for Strategic and Private Investments referring to the relation of  third country nationals with the entity realizing the strategic investment . 8. Purchase of shares, corporate bonds, or Greek Treasury bonds, which are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece, of an acquisition value of at least eight hundred thousand (800,000) euro. The residence permits, being granted pursuant to the paragraphs 1 and 4 of this Article, do not establish the right of access to any form of employment. Greece is a member country of the Schengen Area since January 1, 2000. Greece offers a straightforward residency route, with no minimum stay requirement. From 2020 there will be the immediate Greek EU passport for investment of 2 million! New CITIZENSHIP program in Greece coming soon. The political system is a parliamentary republic. Firstly, due to the recent economic crisis, a lot of Greeks are cautious about investing in property. Purchase of the real estate property for a minimum of €250 000. Call us: +66 99091 8357 GREECE. For the granting of the residence permit, an application with the required documents is submitted to the Directorate for Migration Policy to the Ministry of Interior, as these are defined, by the provisions of Article 136, par. II. Greece Golden Visa ⏩ MIGRONIS Greece Permanent Residence Permit by Investment ☝ Visa-free access to Schengen Area! The ability to travel in Europe is one of the top goals for many seeking residency-by-investment programs, and one of the least expensive and easiest ways to obtain it is in Greece. In the residence permit of third-country nationals referred to in paragraph 1 of this Article, it shall be stated “Residence permit for investment activity "and in the" Remarks " the professional status of the holder shall be referenced. Up to ten (10) third-country nationals, per investment,   deemed necessary, are allowed to enter the country if they have been granted, where necessary, visa (Visa D), in order to realize investments, which have been  characterized as "Strategic Investments" , pursuant to a decision of the Interministerial Committee of Strategic Investments on inclusion in Law 3894/2010 (Government Gazette 1, no 204). The visa is granted for five years and renewed every five years if the property investment is retained. On the motion of the Directorate of Foreign Investments of the Ministry of Economy and Development, concerning the characterization of the investment and the feasibility of   granting residence permit, the entry and residence of third-country nationals may be permitted in Greece for the implementation and operation of the investment. Greece offers 3 ways of your participation in the state investment program “Greek residence permit”. The residence permit granted to the above non-EU/EEA citizens does not entitle them to work in Greece. 1. However citizenship can only be granted after seven years of residency. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a company headquartered or established in Greece, except for Holding Companies and Real Estate Investment Companies, for the acquisition of stock in a capital stock increase or bonds upon the issuance of a bond loan, which are listed for trading in regulated markets or multilateral trading facilities operating in Greece. You have declined cookies. It’s worth pointing out that the Greek Real Estate Investment Visa Program doesn’t suit everyone. The Greek Golden Visa Program is the lowest cost residency program within the European Union, offering fast access to the European Schengen Area. (c) has the full ownership, possession and peaceful enjoyment of real estate property in Greece via a legal entity, whose shares  are fully owned by him. Greece Residency Golden Visa Program. The law provides a renewable five-year Greek residency visa for foreign nationalities that invest at least € 250,000 in residential properties located in Greece. The provisions of this Article shall apply accordingly for the entry and residence of third-country nationals in the context of new investments realized by Greek undertakings, already operating or third country nationals who already reside legally in Greece and hold residence permits for purposes of independent economic or investment activity. This decision can be reversed. Depending on the amount and the characteristics of the investment, up to ten third country nationals may enter and reside in the country, including the investors, for the implementation and operation of the investment. Greek Residency by Investment. 6. It is a cradle of democracy, philosophy, western literature, drama, mythology, science, Olympic Games etc. When researching the programme it is important to work with professionals who will show you profitable investment opportunities in Greece to … “ The consideration is paid by a crossed bank cheque to a bank account of the beneficiary, held in a credit institution operating in Greece or with a credit transfer, as defined by Law 4537/2018 article 4, par. Purchase of Greek Treasury bonds, with an acquisition value of at least four hundred thousand (400,000) euros and a residual duration, at the time of purchase, at least three (3) years, through a credit institution established in Greece, which is also their custodian. Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. Family members shall mean: a. 3. Greece is a member of the EU Schengen visa zone so holder of the Greek residency permit has the freedom to travel throughout the European Union nations. Purchase of shares or stock of an acquisition value of at least four hundred thousand (400,000) euro in an Alternative Investment Fund (AIF), which has been established in Greece or another Member State of the European Union and whose object is to invest exclusively in real estate in Greece, provided it is included, upon its request, in the list compiled by the Foreign Funds Directorate of the Ministry of Development and Investment in cooperation with the Hellenic Capital Market Commission. Beneficiaries of the right to enter and obtain a permanent residence permit under this program are: - non-EU/EEA citizens who, as individuals, invest in Greece in securities or a bank deposit, - non-EU/EEA citizens who invest in Greece in securities or a bank deposit through a domestic legal entity of, - shareholders or executives of a foreign legal entity that makes an investment in Greece in securities or a. bank deposit (up to three residence permits are granted depending on the amount of the investment). Citizenship or residency are available to qualified investors who contribute to the economy through an investment in government-approved assets or economic development initiatives. By decision of the Secretary General of the Decentralized Administration,  residence permit for five years, subject to renewal,  is granted to  a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. 1. Although, Greece is a great place to reside for individuals and families. The above third-country nationals, by way of derogation from the provisions of Article 70, par. Spouses b. the other spouse or partner with whom a third-country national has a cohabitation agreement in Greece c. The direct unmarried descendants of the spouses, who are under the age of 21 d. the direct unmarried descendants of the supporter or of the other spouse/partner , provided that their custody has been legally entrusted to the sponsor (for his/her children) and to the other partner (for his/her children), under 21 years of age e. the direct relatives of the spouses in the ascending line. 3. The applicant investor would also get a right to work in Greece as well as in all the Schengen countries. The Gross Domestic Product (GDP) is €176.023 billion, as per 2015. 1. Greece citizenship is an perfect Option for EU and on the same Level of visa free Countries, like Germany. Greece is home to a population of around 11 million, known for embracing a peaceful and a culturally rich nation. Situated at the junction of Europe, Asia, and Africa, Greece is regarded as the cradle of democracy and the birthplace of western civilization. (e) has concluded  a time sharing agreement pursuant to the provisions of Law 1652/1986 "Time sharing agreement and related issues" (Government Gazette 1, no 167), which is in force. 2. There is no minimum stay requirement and children up to the age of 21 are included in the family application. Property Closing Costs are approximately 10% . Existence of a Greek bank account from €24 000. Το third country nationals, real estate property owners, the possibility of leasing that property is  granted. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Venture Capital Company (VCC) under article 5 of Law 2367/1995 (OJHR A-261) for the acquisition of stock, or capital contribution to a Venture Capital Fund (VCF) under article 7 of Law 2992/2002 (OJHR A-54) for the acquisition of stock, provided that the object of the said Alternative Investment Funds (AIF) is to invest exclusively in companies headquartered or established in Greece. €250,000 investment in real estate, anywhere in Greece Children under 21 included together with your spouse and both sets of parents 3 to 6 months to residency for the applicant and dependents Suitable for: Individuals who are looking for permanent residency for themselves and their families in an EU country, but who are also looking for opportunities that’ll yield good returns. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Real Estate Investment Company (REIC) under article 21 of Law 2778/1999 (OJHR A-295), whose object is to invest exclusively in Greece, for the acquisition of stock in an increase of its capital stock. GREECE PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit : - Investment in real estate by 250,000 Euros. An investment of €250,000 is required in real estate in Greece making the Greek programme the lowest investment level of any real estate residency visa scheme in Europe. 5. Note: The statistical data provided correspond to/reflect the valid residence permits at the moment of their extraction from the database of the Ministry of Migration and Asylum.Therefore, at any subsequent data extraction, the number of valid residence permits per month or per year may increase, given the fact that pending applications are examined by the competent services during the period between two consecutive data extraction dates and relevant new residence permits are issued, with an effective date retroactively corresponding to the date of submission of the application by the interested party. For financially independent persons. 1, may be accompanied by the members of their family, being granted residence permit for family reunification, expiring simultaneously with the residence permit of the sponsors, as well as by the support staff, in the case of people with disabilities. If the Secretary-General approves the application, the investor and family will receive the residence permit. Social & political security! Greece immigration by investment programs. They are willing to try the second passport experience and our consultants will connect with the Greece Government. Copyrights © 2019 All Rights Reserved by GCI - Global Citizenship Investment. First of all, the applicant must apply for an entry visa to Greece through the standard visa procedure. Third country nationals, being subject to Chapters A and B of this Article and legally residing in the country, are not obliged to leave Greek territory in order to apply for a residence permit. It is not necessary to live in the country in order to retain and renew the investor visa. 3. Greek Residency by Investment Program has a rather easy to follow list of instructions. 1, in the Joint Ministerial Decision. The property, which can be located anywhere on the Greek mainland or the islands, can be either residential or commercial. By using our website, you agree that we can place these types of cookies on your device. Greece is a country with 131,957 km² area and with the population of 10.8 million people. The above are granted, by decision of the Minister for the Interior, a ten-year residence permit, which is renewed for ten years, provided the same requirements are met. You should follow the advice of the Greek Government and your local authority. Greece Investment Immigration Programs Overview. (d) has concluded an agreement for at least  a ten year lease of hotel accommodation or furnished tourist residences in tourist accommodation complexes, pursuant to Article 8 par. In an effort to handle the ever-increasing demand for residency by investment applications, the Greek government has announced some interim measures in order to lessen the processing times of investor Golden Visa applications. Moreover, it allows the granting of residence permits to third country nationals and to members of their families, who purchase real estate property in Greece, the value of which exceeds € 250,000. Greece is one of the nicest country in Europe that has amazing investment opportunities. Our clients are successful businessmen and their families you think smart about their future. 1, may be accompanied by the members of their families who are granted a residence permit for family reunification,  expiring simultaneously with the residence permit of the sponsors. By joint decision of the Ministers for the Interior and Finance, the value of the above real estate property may be adjusted and shall result from the property value stated in the contracts  or from the lease agreements. Change Cookie Consent GCI - Global Citizenship by Investment is the first to offer this opportunity to secure a highly respected passport around the world. Greece offering residency without citizenship. (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. Contact through WhatsApp as well, or write a Email. Periods of absence from the country shall not disrupt the renewal of the residence permit. The five-year residence permit may be renewed every five years thereafter provided the applicant still owns the property. Non-EU citizens who buy a property in Greece with the minimum value of 250,000 Euro can benefit from the new and accelerated procedure for obtaining a Permanent Residence (PR) Permit in Greece and the new positive changes to the Greek Investment Immigration Program. The application and the required documents, as specified by the Joint Ministerial Decision, referred to in paragraph 12 of Article 136, are submitted to the Greek Consular Authority of the area of residence of the interested persons, which, within one month, forwards them to the Directorate of Foreign Investments of the Ministry of Economy and Development.The above Directorate, within a month, examines the application and forwards the relevant motion to the competent Consular Authority in order for the required national visas to be issued. A Golden visa application in Greece can now be processed even faster and grant residency by investment in around 2 months. The return on capital for rent in Greece is around 6-9%.Greece is a member country of the EU since January 1, 1981 with its geographic size of 131,957 km², and population number 10,858,018, as per 2015. Recent Articles. There is no minimum stay requirement and children up to the age of 21 are included in the family application. The above permit may be renewed for an equal duration, each time, provided that   the real estate property remains in the ownership and possession of the third-country national or the agreements of paragraph 1 of this remain in force and all other requirements, provided by law, are fulfilled. The Greek residency-by-investment programme is considered one of the most affordable programmes providing fast-track access to Europe within 2-3 months. But with less TAX, cheaper living cost and 360 sun days with this website disrupt renewal. 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