Greece is an attractive destination for investors looking to obtain residency in Europe through investment. The country’s Golden Visa program provides a straightforward path to living with various benefits and opportunities for investors. This article will provide an ultimate guide to obtaining Greece residency by investment, including the requirements, application process, and benefits.
Requirements for Greece residency by investment:
- To obtain residency in Greece through investment, investors must meet the following requirements:
- Investment in Greek real estate with a minimum value of €250,000
- Proof of a clear criminal record
- Proof of health insurance coverage in Greece
- A valid passport and a Schengen visa, if required
- Proof of sufficient funds to support themselves and any family members who will be joining them in Greece
The application process for Greece residency by investment:
The application process for obtaining Greece residency by investment is relatively straightforward. Investors must follow these steps:
- Purchase real estate in Greece with a minimum value of €250,000.
- Obtain a Greek tax identification number.
- Open a bank account in Greece.
- Apply for a residency permit at the local Greek embassy or consulate.
Submit all required documents, including proof of investment, criminal record, health insurance, and financial resources.
Benefits of Greece residency by investment:
Obtaining residency in Greece through investment provides a variety of benefits, including:
- Visa-free travel to the Schengen Area
- Access to high-quality health care and education systems in Greece
- Low cost of living compared to other European countries
- Pathway to permanent residency and citizenship after five years of holding a Golden Visa
- Potential for high returns on investment in the Greek real estate market
However, before investing in Greece residency by investment, it is essential to consider the risks and potential drawbacks of obtaining Greece residency by investment.
Obtaining residency in Greece by investment can be a great way to experience its natural beauty and rich culture while contributing to its economy. With the right legal advisor and real estate agent, investors can navigate the process of buying property in Greece and obtaining the necessary permits to live there. By following the steps outlined in this article, investors can make their dream of obtaining residency in Greece a reality.