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Greece Golden Visa Program

Real-estate owners can benefit from the Greece Golden Visa Program as it is the most beneficial Greece residency by investment program among the EU countries. The programs allows the right to live and engage in business activities in the EU. The program offers all the perks of EU/Schengen residency.

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    In 2013, the Greek government set up its Golden Visa Program. It is one of the most popular options for residency by investment. Between January and June 2020, more than 22,500 residence permits were issued to non-EEA and non-EU investors and their families. These investors made property investment of at least €250,000. The Golden Visa holders get to stay in Greece and travel freely within the EU and Schengen for five years as long as they maintain the investment property.

    There are no residency requirements. The duration for this residency permit if for 5 years and if the investor still owns the property after 5 years, it may be renewed.

    At DM Consultants, we possess an extensive experience in immigration and assist you in securing Greece residency by investment from UAE. Our professional team can represent you before the Greek authorities and apply on your behalf. As an applicant, you just need to choose the property and we take care of the rest of the process.

    Changes in Greece Golden Visa Program

    The Greek Golden Visa is one of the most popular and preferred options to acquire European residency by investment program. Earlier this year, the Greek government revised the program. This represents some changes for possible investors. The minimum investment threshold of the Greek Golden Visa Program inceased from €250,000 to €800,000 in certain areas. The changes will become effective as of September 1st, 2024. This increased limit applies to real estate investments in region of Attica, Thessaloniki, Mykonos, and Thira and on islands having populations over 3,100 residents.

    If you have already submitted an application for Greece Golden Visa, your case will be under review. So, the new changes shall not impact your application. The investments the investors made under the previous regulations will go as planned.

    DM Consultants is your trustworthy and reputable consultancy company that shall guide you with their professional experience and expertise to acquire a Greek Golden Visa by applying for Greece residency by investment from Dubai.

    Investment Options for Greece Golden Visa

    Numerous investment types allow investors to qualify for Greece residency by investment via Greek Golden Visa. These include real estate and government bonds investment.

    Purchasing real estate in Greece

    An investor can purchase a property for €250,000+ until August 31st, 2024 and qualify to apply for the Greek Golden Visa under the present rules if:

    If an investor makes a deposit but is unable to complete the transaction by the year end, they may buy another property at the same price. However, they will have to deposit the full investment amount by April 30th, 2025.

    After August 31st, the minimum investment for Greek Visitor Visa is going to increase, and will be:

    The limit of €250,000 will continue as an exception for those properties that have been purchased with the intent of renovation or conversion into residential space.

    Investors can buy a single property that is valued at €250,000—800,000.

    The area of property for €250,000—800,000 valued properties should be at least 120 square meters.

    Why Greece?

    Greece is renowned for its picturesque scenic views, delectable Mediterranean cuisine, and the ancient civilization. Situated at a point between Africa, Asia, and Europe, Greece happens to be one of the mist beautiful European countries. One-fifth of the area is covered with lush green islands, sparkling beaches, and historic spots.

    Greece happens to be one of the oldest European civilizations. The country is associated with the European Union and boasts the first democratic government of its kind. Greek has a rich history and is well known for having roots of modern philosophy. The ancient Byzantine Empire ruled it for more than thousand years and the Ottoman ruled it for about four centuries. Greece is a popular tourist spot because of its culture, cuisine, and historic sites.

    Eligibility Criteria for Greece Golden Visa Program

    The Greece Golden Visa program is not a citizenship by investment program. However, you can apply for naturalization in Greece at the end of seven years if you meet certain criteria:

    Here are the requirements for applying for Greek Golden Visa:

    Documents for Golden Visa in Greece

    To apply for the Greek Golden visa, you need to submit the following documents:
    Translation of your documents in Greek is necessary. A Greek attorney or the Translation Service of the Ministry of Foreign Affairs in Athens should do it.

    Steps for Applying for Greece Golden Visa

    Here is a step-by-step guide to apply for a Greek Golden Visa:

    Choose Property

    First of all, determine the investment criteria and choose the property you want to invest your money in. You could opt for different features for investment as long as the value is equal or above the minimum investment amount.

    Open a Greek Bank Account and Get Non-Resident Tax Number

    You need to follow all the legalities. Get a Greek Non-resident Tax number and open a bank account. You can also execute a power of attorney as an optional step.

    Get Acquisition of the Property

    This involves following the necessary steps and carrying out the due diligence of the property by a lawyer on your behalf. Then, you should obtain the promissory sale and purchase agreement along with execution of a public deed.

    Commence the Application Process

    Prepare all the required documents needed for Greek Golden Visa application. Since it can get a bit overwhelming, it is best to hire a lawyer to handle all the legal matters.

    Earlier, applicant had to visit Greece to submit the biometrics data to relevant Greek authorities. However, due to changes made in the Greek Golden Visa program on December 23rd, 2020, you can apply remotely. You just need to provide your law firm in Greece with a PoA ( Power of Attorney).

    Get Approval for Greece Golden Visa

    The relevant authorities would do this and approve your Golden Visa application. Then, you will get a Golden Visa Residence Card.

    Renew Golden Visa

    You can apply for Golden Visa residence card renewal every five years. This makes it easy to acquire permanent residence.

    Apply for Greece Citizenship

    Once you have lived in Greece for seven years and paying taxes, it will make you eligible to apply for Greece citizenship and passport.

    DM Consultants – Greece Residency by Investment from Dubai

    Here is why you should choose us for acquiring Greece Residency by Investment via Golden Visa:

    Expertise

    We have vast experience and skills in immigration law and investment. With a proven successful track record, you can count on us to achieve your dreams of acquiring a Golden Visa.

    Affordable Services

    We understand how expensive the costs of applications can other fees can be. Therefore, we realize how important it would be for the applicants to save on some areas. We try to keep our service charges as affordable and reasonable as possible.

    Personalized Services

    We ensure client satisfaction, assist them in every step, and tailor our services to meet each client’s unique goals, circumstances, and preferences.

    Complete Support

    We are committed to deliver our best services based on our skill, knowledge and experience, so that the client gets closer to their goal and a promising future. Experts at DM Consultants are always there to offer their valuable guidance throughout the application process to achieve desired results.
    From initial consultation to application submission and finally acquisition of residency by investment, we shall provide professional services to ensure client satisfaction. Get in touch with us today to learn more about residency by investment programs and embark on a journey towards a prosperous future.

    FAQs

    To apply for Greek Golden Visa through investments, the applicants have to buy one or more properties worth €800,000 and maintain their investment for 5 years. The earlier minimum threshold for investment was €250,000.
    The investors need to live in Greece for seven years before applying for Greek citizenship. They have to pass a Greek language test as well.
    Yes, Greek citizens can have dual citizenships. Golden Visa holders do not have to give up their existing citizenship.
    The Golden Visa allows residency, however, it is not a work permit. The Golden Visa does not allow working in Greece. You can own and operate businesses in the country.
    Yes, you can include your spouse and children under 21 years of age. The program allows the parents of both the investor and the spouse.
    Greece Golden Visa is the most preferred means to acquire permanent residency in Greece. You don’t have to live in the country to maintain it. However, you will have to live in Greece for seven years to be eligible to apply for citizenship. You would also have to pass and culture and language test.
    The country does not offer the option of Greece citizenship by investment directly. You would have to opt or Greece Golden Visa and financially invest in the country, such as investing in business or buying real estate. You can apply for residency after completing the investment. After being a resident for seven years, you can apply for Greece citizenship.
    Not anymore. Now, you can apply via a remote application owing to the changes made in the program on December 23rd, 2020. You have to give Power of Attorney to your law firm in Greece to remotely apply for Golden Visa.
    Yes, the Golden Visa allows you visa-free access to the Schengen Area, which has total 29 European countries.
    Yes, if you buy a house you can get a residence permit in Greece. But the house should be of the value as mentioned in the Golden Visa requirements, so you can qualify for Greece residency. If the cost is less, then you cannot be eligible for the Greece Golden Visa program.
    The renewal process is simple, if you have the qualifying with you. You just need to submit the updated proof of ownership, health insurance, and other necessary documents before expiration of your current visa.
    Yes, like citizens of every non-EU nation, Americans can apply for Greece Golden Visa if they meet all the eligibility criteria.
    Yes, the investors who own real estate can rent their property.
    You are required to pay taxes on the income you get in Greece only. If you spend most of the year in Greece, you become a tax resident in Greece and must pay them. Also, being a tax resident is a requirement to apply for Greece citizenship.
    As of January 1st, 2021, British citizens from UK can apply for Golden Visa in Greece.