Golden Visa is a plan that permits people to acquire residence by making investments or purchasing properties and helps the country in its welfare or growth. Individuals can get a golden visa to a country by generously donating or investing in the country or buying a house there. Those who plan on investing must be should not have a criminal record The individual applying must be above 18, not have any criminal record, and should have sufficient funds for financing their investment plan.
Greece Golden Visa
The Golden Visa for Greece came into existence in 2013 and is a residence permit issued to non-EU citizens who makes a noteworthy contribution to Greece’s economy. Moving to Greece is one of the most prominent methods for people who are able to afford it. Although there are ample ways to obtain a golden visa for Greece, purchasing a property above half a million might be considered the simplest way out of all.
Eligibility for Greece Golden Visa
The eligibility criterion for an applicant to obtain a Greece Golden Visa is as follows:
- He/She must be above 18 years of age.
- Must not have any criminal record.
- He/She must make a substantial investment in Greece.
- He/She must have a health insurance from a company in Greece.
Investment Options for Greece Golden Visa
An individual must make any one of the below-mentioned investments:
- Should buy a property above EUR 500,000.
- Should invest capital worth EUR 400,000 in a company that is registered in Greece.
- Should invest EUR 400,000 in Greek government bonds.
- Should deposit EUR 400,000 in a Greek bank.
- Should sign a lease agreement above 10 years with a tourist or hotel establishment.
- Should invest EUR 800,000 in government or corporate bonds.
- Should invest EUR 400,000 in shares or bonds of real estate investment companies.
Benefits of Greece Golden Visa
- One of the foremost benefits of obtaining a Golden Visa for Greece provides you access to travel visa free in the entire Schengen Zone. It basically provides entry to EU for 5 years and could also help in obtaining permanent residence in the country.
- The Golden Visa can also be extended to immediate family of the applicant. This includes applicant’s spouse, parents of applicant or applicant’s spouse and unmarried children.
- In order to renew visa, it is not compulsory to stay in Greece for a certain time period.
- In comparison to other EU countries that provides Golden Visa plans, the investment option available for Greece Golden Visa have a lower limit.
- Individuals will be eligible to apply for a permanent citizenship of Greece after 7 years of residence.
- Acquiring Greece Golden Visa means getting visa-free travel to more than 100 countries worldwide.
Validity of Greece Golden Visa
The issuance of Greece Golden Visa is for 5 years after which it can be renewed indefinitely till the time investment is maintained by the applicant.
| Note: If applicant decides to live in Greece for a continuous period of 7 years, they may apply for a permanent citizenship of Greece after the completion of this period. |
How to Apply for a Greece Golden Visa
The below mentioned documents are necessary at the time of applying for a Greece Golden Visa:
- Recent passport-size pictures of applicant as per the Greek Visa photo standards.
- Applicant’s valid passport and a copy of the same.
- Passport must have the entry Visa.
- Proof of payment of relevant government fees.
- Proof of getting health insurance in Greece for the applicant and any family member.
- Proof of the applicant’s funds.
Other documents as per the type of investment being made are required as well for this process. For example, while making a purchase of real estate, the following documents are necessary:
- A contract of purchase that mentions that there are no exemptions in the purchase, states the total amount of the purchase as well as the mode of payment (it may be full, via credit held in an institution operating in Greece or through credit transfer.)
- Proof of transfer of the contract by the responsible Land Registry.
- A certificate from the Land Registry that mentions that there are no impediments linked with applicant’s purchase.
Conclusion
Obtaining Golden Visa is an unparallel opportunity for the ones who are able to afford it to move out to another country.
Considering Greece has a scenic landscape ad provides excellent benefits to its citizens, several people around the globe would be interested in living there. The Golden Visa for Greece is a great option for people who want to work, live or study in the EU along with several other benefits.
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