Invest in Greece’s Real Estate To Get Golden Visa Opportunity
Invest in Greece’s Real Estate To Get Golden Visa Opportunity
https://www.istanbulrealestate.net/invest-in-greeces-real-estate-to-get-golden-visa-opportunity/
Greece, a country renowned for its rich history, stunning landscapes, and vibrant culture, has become a hotspot for real estate investors in recent years. One of the key attractions for international investors is the Greek Golden Visa program. This initiative not only provides a gateway to European residency but also offers an array of benefits that make Greece an appealing destination for property investment.
What is the Greek Golden Visa?
golden visa greece
golden visa greece
The Greek Golden Visa program was introduced in 2013 to attract foreign investment into the country. It grants a five-year residency permit to non-EU citizens who invest in real estate in Greece. This visa can be renewed indefinitely as long as the property remains in the investor’s possession. The program is particularly popular among investors from Asia, the Middle East, and Africa, who seek access to the European Union’s Schengen Zone for both business and leisure.
Investment Requirements
To qualify for the Greek Golden Visa, investors must purchase real estate worth at least €250,000. This is one of the lowest thresholds among European countries offering similar programs, making it an attractive option for investors seeking a relatively low-cost entry into the European market. The investment can be in residential or commercial properties, including plots of land for construction.
Key Benefits of the Greek Golden Visa
Greece's Real Estate
Greece’s Real Estate
Visa-Free Travel in the Schengen Zone: One of the most significant advantages of the Greek Golden Visa is the freedom it offers. Holders of the visa can travel freely across the 26 countries in the Schengen Zone without the need for additional visas.
Residency for Family Members: The visa extends to the investor’s immediate family, including spouse, children up to 21 years old, and even the parents of both the investor and their spouse. This makes it an attractive option for those looking to relocate with their families.
No Requirement to Reside in Greece: Unlike some other residency programs, the Greek Golden Visa does not require investors to live in Greece to maintain their residency status. This offers flexibility for those who want to maintain their primary residence elsewhere.
Pathway to Citizenship: While the Golden Visa itself is a residency permit, it can lead to Greek citizenship. After seven years of residency, investors can apply for naturalization, subject to certain conditions such as language proficiency and integration into Greek society.
Potential for High Returns: Greece’s real estate market has seen significant growth in recent years, particularly in popular tourist destinations like Athens, Santorini, and Mykonos. Investors have the opportunity to earn rental income from their properties, in addition to potential capital appreciation.
The Process of Obtaining the Greek Golden Visa
golden visa greece
golden visa greece
The process of obtaining a it is straightforward and takes 3 to 4 months from the time of investment. Here’s a step-by-step overview:
Property Selection: Investors must first find and purchase a property that meets the €250,000 minimum threshold.
Legal and Financial Due Diligence: Engage with legal and financial advisors to ensure all documents and procedures are in order. This includes a property title search, contract signing, and transferring the necessary funds.
Application Submission: After the property purchase, the application for the Golden Visa is submitted to the relevant Greek authorities, along with all required documentation.
Biometric Data Submission: Investors and their family members must visit Greece to submit their biometric data.
Visa Issuance: Once the application is approved, the Golden Visa is issued, allowing investors and their families to enjoy all the benefits it offers.
Why Greece?
Greece is more than just a strategic gateway to Europe. The country offers a high quality of life, with a warm Mediterranean climate. A rich cultural heritage, and a cost of living lower than many Western European countries. Additionally, the Greek government has made significant efforts to make the country an attractive destination for foreign investors. Including tax incentives and streamlined bureaucratic processes.
Moreover, Greece’s real estate market presents numerous opportunities. Whether you are interested in a seaside villa, a historic city apartment. Or a commercial property in a bustling tourist area, Greece has something to offer every investor.