BEYOND INVESTMENT

Right to Live in Greece

The program grants a five-year residence permit that can be renewed indefinitely if the investment continues. The Golden Visa allows the applicant and his family to live in Greece permanently. Permanent residence permit is valid for life if the investment continues. There is no limit on how long you can stay. On the other hand, there is no minimum length of stay, either.The Greece Golden Visa program offers unlimited renewal rights as long as the required investment is maintained.

Visa-Free Travel

Greece Golden Visa holders can travel in the Schengen area for up to 3 months each semester without needing an additional visa. The Schengen area consists of 26 European countries that have officially abolished visas and border controls at their common borders.​ The Schengen Area covers most EU countries except Ireland and the soon-to-be-joined Romania, Bulgaria, Croatia and Cyprus. Although not members of the EU, countries such as Norway, Iceland, Switzerland and Liechtenstein are also part of the Schengen zone.

Family Participation

The residency plan allows Golden Visa holders to include their spouses and children under 21 and their dependents in ascending order. This means that the main applicant's parents and in-laws can also obtain a residence permit and enjoy all the benefits of the Golden Visa program. Thus, three generations of family members are included in the program with a single investment.

Investment Options

The program offers a variety of investment options, including real estate, that are relatively affordable compared to other European countries. The applicants have an option to make a financial investment instead of buying a real estate.

No Residence Requirement

Since there is no obligation to reside in Greece, flexibility is offered to investors who do not want to move to Greece. Unlike many other countries that issue residence permits, applicants do not need to live in Greece at all to renew their residence permit.

Pathway to Citizenship

Although the program does not offer citizenship directly, it does provide a path to Greek citizenship after seven years of continuous residence. A person residing in Greece with permanent residence for more than 183 days per year can apply for a Greek passport after seven years (subject to conditions).

Economic and Political Stability

Greece offers a stable economic and political environment with the added benefit of being part of the European Union. Additionally, Greece is known for its high quality of life, beautiful landscapes, rich history and favourable climate.

Education and Health

Investors and their families have access to high standard education and health systems of Greece.

Low Investment Threshold

Greece has the lowest investment threshold among residence programs in Europe. Applicants can invest as little as 400,000 EUR. However, in some regions of Greece the minimum investment requirement threshold is 800,000 EUR.

Promising Real Estate Market

The Greek real estate market has seen significant development and promise in recent years. Several factors contribute to this positive outlook:

• Economic Recovery:The Greek economy has been recovering since the debt crisis of the previous decade, leading to increased investor confidence and stability in the real estate market.
• Tourism Growth:Greece's strong tourism sector, a major driver of the economy, has increased demand for short-term rental properties, especially in popular tourist destinations such as Athens, Mykonos and Santorini. Urban Development Projects: Major urban redevelopment projects, such as the Hellinikon project in Athens, are further stimulating the market by transforming old areas into modern urban areas with residential, commercial and recreational facilities.
• Rising Real Estate Prices:After years of decline, the rise in real estate prices, especially in Athens and other big cities, shows recovery and increased demand.

If the investment required for the Golden Visa is made through real estate, the investor can rent the real estate property and earn income.
Overall, the Greek real estate market looks promising, with continued economic stability, supportive government policies and strong demand from both domestic and international investors.

Double Taxation Avoidance Agreement

Depending on the Golden Visa holder's place of residence and the time spent there, worldwide income may not be subject to taxation in Greece. In this case, the Golden Visa holder can continue to do business outside Greece and benefit from certain tax advantages. Some tax advantages are also provided to foreign nationals who are tax residents in Greece. There are various incentive programs for retirees, digital nomads and other categories of immigrants.