Passport valid for at least three months after the expiration date of the visa Certificate of criminal record of the applicant by the competent authorities of the country of origin Medical certificate by a recognized public or private institution, proving that the applicant doesn’t suffer from a disease capable of being dangerous to the public health according to the international standards of the World Health Organization Evidence, such as bank, social security, pension statements proving that you have the necessary annual income of 2.000 Euros/month (additional funds, 20% for a spouse, 15% for each child) Certificate that the applicant has applied to a medical insurer for full coverage of his medical care and expenses during his staying in Greece Moreover, the applicant should not be listed as a persona non-grata and there should be no reasons to be considered as threaten to public health, public order, national security and international relations. GREECE RESIDENCY BY INVESTMENT PROGRAMME BENEFITS. 1. While still operational, the citizenship by investment program in Cyprus gave you several investment options… but at €2,150,000 (plus V.A.T), it comes at a heftier price than Malta’s. The purchased property can be in the mainland of Greece or the islands and it can be residential or commercial. Greece offers a 5-year (Permanent) Residence Permit for Investment Activity (“Άδεια διαμονής για επενδυτική δραστηριότητα”) to non-EU/EEA nationals and their families. 2. Nulima offers consultancy for Greece and Cyprus citizenship. Box ​W1516, St. John’s, Antigua, West Indies, St Lucia: 20, Micoud Street, Castries P.O. To get a Citizenship by Investment in Cyprus, you must make an investment of €2 million. You can apply for Greek … Step 2 – Application for the Staying Permit. But if you want to settle in Greece, you will have to go through the procedure of permanent residence registration and citizenship in general order. Residency rules may vary according to a tax treaty. These options grant residency for different time frames, and are defined in Law 4146/2013: Creation of a Development Friendly Environment for Strategic and Private Investments. The applicant can invest in any number of real estate properties that can be combined to make up €250,000. The applicant obtains a special visa from the competent Greek embassy/consulate in the country of origin. Greece is a democratic and developed country with a high standard of living and a member of the European Union. True copy of valid passport or equivalent travel document recognized by Greece, together with valid visa. A real estate investment amounting to €250,000 is required for a residency visa. A permanent residence requires an investment of $300,000. Residency by Investment Program. A real estate investment amounting to €250,000 is required for a residency visa. Acquisition of shares of a real estate investment company. One leads to citizenship whereas the other to permanent residency (indefinitely), and both have desired results. Three (3) recent colored passport photographs. Greece Citizenship / Greece Permanent Residency 2020. Greece Residency Visa Nigeria - for Nigerians citizens to allow business investors to move to Greece and pursue permanent residence permit and citizenship. There are several residency by investment programmes in Europe that grant residency, often through real estate investment but without the requirement to reside. These options grant residency for different time frames, and are defined in Law 4146/2013: Creation of a Development Friendly Environment for Strategic and Private Investments. According to the Law, non-European citizens who are owners of real estate in Greece may obtain a 5-year residence permit which can be renewed two months prior to the expiration of the residence permit. Cyprus offers two types of Golden Visas. Suitable for: Individuals who are looking for permanent residency for themselves and their families in an EU country, but who are also looking for … Joint buyers can combine investments into one property. The temporary residency status can be changed into permanent Greece residency after a period of 5 years. Upon their arrival in Greece and until the expiration of their special visa, the applicant applies for the residence permit. Buy property investment, Contributions, Capital transfer requirements, Immigration though golden visa, PR card, Cost, Scheme, Agency, Process, processing times in 2021 - EB5 BRICS Benefits under the Greece Permanent Residency Program There is no minimum stay requirement for the applicant under the Greek Permanent Residency Program. European But Not EU Member States’ Residency by Investment Programs Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Greece also is known for its advanced infrastructure and expertise in various professional fields. Greek Citizenship via Real Estate Investment … … Greece Golden Visa investors can obtain their permanent residence permit in 1-2 months. The Greek residence permit is renewable for 5-year periods if the investment is maintained. There is a need for the applicant of this visa scheme to reside in Greece; that’s why it is more of a residency program than a citizenship by investment program. Greek Residency by Investment. Any number of properties can combine to make up the €250,000 minimum investment. The Greece Golden Visa allows non-EU applicants to file for Greek residency by way of a EUR 250,000 investment in local real estate. 20 of the Law on Immigration and Social Integration (4251/2014) (former Article 24 of Law 3386/2005) citizens of third countries and members of their families wishing to retire in Greece or otherwise live in Greece without working, can apply for a Greek residence permit based on independent income or funds from outside the country via retirement benefits or a pension, virtual job, business, savings or grants. Greece Residency By Investment – When it comes to Residency by Investment programs, Greece also holds another record as having the cheapest residency by investment rate in Europe. The minimum amount of investment is €250,000, but it is necessary for the applicant to provide for an additional property tax payment which is 24 percent of the property value. There is no minimum stay requirement and children up to the age of 21 are included in the family application. It is also required for the applicant to have no criminal record and with medical insurance to cover one’s stay in Greece. The visa also extends to the parents of both the applicant and the spouse. The laws and regulations of the country are turning out to be more investor friendly apart from having lower cost of living. Contact us for program details. Residence Permit Greece: Discover how to become a permanent resident of Greece through the Greek Residency by Investment Program. The Golden Visa Greece Programme is considered as the most affordable residency by investment route to Europe. Colombia offers one of the most affordable investment for residency programs on the planet. The Greece permanent residence permit program enables an entire non-EU family, including dependent children up to age 24 and the parents of both spouses, to obtain permanent residency status in Greece within just 3 months (in some areas it takes less time) with a real estate investment of just €250,000. Above all, The program entails investing in Real Estate and some other forms of investment. This is known as the lowest investment level for this type of visa in Europe. Greece offers a 5-year (Permanent) Residence Permit for Investment Activity (“Άδεια διαμονής για επενδυτική δραστηριότητα”) to non-EU/EEA nationals and their families. Learn everything you need to know about Greece's straighforward residency program with the help of Savory & Partners guide detailing the step-by-step procedure and all the requirements needed. The eight investment options for the permanent residence permit of Greece through the Golden Visa program. Being a permanent resident of Greece gives you the opportunity to travel and study without visa across the entire European Union. The residence permit for financially independent persons is issued for 2 years and may be renewed every 3 years. One of the government’s measures to encourage investment in Greece was the Greek Residency by Investment Program, also known as the Golden Visa Greece Program, modeled on other similar programmes which were already in existence. The Greek … It has 428 blue-flagged beaches and about 16,000 km of coastline. Evidence that the third – country national has sufficient funds, at the level of consistent annual income. Living & Working: Residents may only live in Greece. Greece Golden Visa Program gives a 5-year permanent residence permit for a minimum of 250.000 Euro real estate investment. >> Greece Golden Visa – How to Get Permanent Residency and Citizenship. We'll assume you're ok with this, but you can opt-out if you wish. Tax residents are subject to personal income tax on their worldwide income, while non-residents are only taxed on their Greek-source income. Contact us to learn more about this Residency by Investment program. Cyprus. This route provide for non-EU persons to receive Greek residency on the basis of investing in property in Greece. Although, Greece is a great place to reside for individuals and families. Access to labor market: this type of residence permit does not allow access to the labor market. PR status is then conferred at an accelerated rate compared to traditional applications. Necessary cookies are absolutely essential for the website to function properly. 2. The Golden Visa Scheme has a 5-year validity which can be renewed every five years too. The option for citizenship is however open for those applicants who are fully committed to reside in Greece. Greece’s Permanent Residence Programme (“Golden Visa”) enables an entire non-EU family, including dependent children up to the age of 21 and the parents of both spouses, to obtain permanent residency status in Greece within just 2 to 3 months, with a real estate investment of only €250,000. Residency by investment is an opportunity for investors to get permanent residency or 2nd citizenship. Application form in two (2) copies – to be drafted by our office. The Greek residence permit is renewable for 5-year periods if the investment is maintained. Greece also offers good weather almost the whole year round. Residence Permit Greece: Residency by Investment Program. Application includes an initial discussion and a 3 to 4-day visit to Greece to check on the properties, meet the lawyers, and to open a bank account in the country. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. To get Permanent Residence by Investment in Cyprus, you have to purchase property amounting to at least €300,000. The first major reason is the ability to enjoy freedom of movement within the European Union and the Schengen zone. Although, Greece is a great place to reside for individuals and families. Certificate that the applicant has applied to a medical insurer for full coverage of his medical care and expenses (In case the applicant does not hold one, we may conclude an insurance policy in Greece). The minimum income is 2000 euros / month and in case the person is accompanied by their family, this amount is increased by 20% for the spouse and 15% for each child. Investment in home/apartment / real estate in Cyprus minimum €250,000 for ownership of a lifetime. No. While data collection on Residence by Investment programs are limited, it is estimated that EU member states have garnered around 25 billion Euros in foreign direct investment and granted close to 100,000 residence permits in the last decade . Outlined below are the benefits of obtaining the Greece Residence Permit. The Greek residence by investment program has the lowest investment amount of any European residency scheme, and it’s very flexible when it comes to your actual investment. Greek immigration by investment programs. Once they received citizenship, they can easily dispose their property investments since visa renewal is no longer required. 1. Permanent Residency in Greece may be obtained through a secure €250,000 (excluding VAT), or more, investment in real estate. Stamp Fee to be issued by the Greek Tax Authority. The Greece Golden Visa Program is a residence-by-investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. Obtaining permanent residency through the Greece Residency by Investment Program grants you seemingly endless benefits and advantages, including unrestricted travel throughout the Schengen Zone. The residency by investment can lead to citizenship but not in all cases. Buy property investment, Contributions, Capital transfer requirements, Immigration though golden visa, PR card, Cost, Scheme, Agency, Process, processing times in 2021 - EB5 BRICS 3. Receive your Greece citizenship and Greece passport through an investment in the country. Latvia was once touted as the best and easiest place in the EU to qualify for residency. This is known as the lowest investment level for this type of visa in Europe. Greece is a member of the EU Schengen visa zone so holder of the Greek residency permit has the freedom to … This category only includes cookies that ensures basic functionalities and security features of the website. 2. These cookies will be stored in your browser only with your consent. Of all European residency by investment programs, Greece offers the most cost-effective investment. Most residency-based investment programs center on investment in the form of investment in real estate, such as purchasing residential properties. © 2021 All rights reserved |  | Web design and development by zentech.gr. Such individuals may be accompanied by members of their families to whom a personal residence permit is granted. This website uses cookies to improve your experience. 2. The Greece permanent residence permit program enables an entire non-EU family, including dependent children up to age 24 and the parents of both spouses, to obtain permanent residency status in Greece within just 3 months (in some areas it takes less time) with a real estate investment of just €250,000. This program has been one of the most affordable programs in Europe. A residency by investment program is a legal and financial process that requires a foreign national to invest in another country to become resident. Certificate that the applicant has applied to a medical insurer for full coverage of his medical care and expenses. Golden Visa Greece offering residency without citizenship. The Residence Permit includes your family members as well, including children up to 25 years of age. The residence permits may be renewed every five years. Greece Citizenship by Investment Notes . Greece immigration by investment programs. It is called the Greece Golden Visa Scheme. Greece has become a Euro zone Member in 2001. The applicant may file for Greek citizenship after seven years of permanent residency. Non- EU citizens having adequate resources at a level of steady annual income for the coverage of their living expenses may apply for a 2- year residence permit. This makes it a prime location for investors with a global business mindset. Possibility of receiving permanent residency and EU Citizenship – Holders have the right to obtain the permanent residence after five years from the date of obtaining residence permits and following that they can freely claim Greek citizenship. Receive Greek residency or Greek citizenship (Greek passport) by investing in Greek real estate. Also, see VisaConnect's PDF document: Greece Residence by Investment in 2018: Family Residency - Full family permanent residency (spouse, children up to 24 years, and parents of the spouse). The Greek residency by investment program was established in July 2013. Greek Law 4146/2013 “Creation of a Development Friendly Environment for Strategic and Private Investments”. We also use third-party cookies that help us analyze and understand how you use this website. Residency cards can be obtained 40 days after the purchase of property. The Greece permanent residency program is the most competitive permanent residency scheme in Europe and it is available to investors who are willing to invest in real estate in Greece. Greece Golden Visa – How to Get Permanent Residency and Citizenship The Golden Visa for Greece is one of the most popular investment visa programs in the EU. LATVIA. The Greek government greatly invites foreign investments with the new Law 4146/2013, by offering residency permits to non-EU foreign citizens that buy property. Freedom to travel or live visa – free in Europe: Individual and his/her family will have the right to not only live year-round in Greece, but also stay without any time limitations in the Schengen area. Access to Public Educational System: Holders have the right to educate their children in educational institutions of the Schengen Countries. The condition for sufficient income must exist for each member of the family. Capital investment in shares or bonds of a locally registered Greek company, listed on the Greek stock market. Evidence that the third – country national has sufficient funds, at the level of consistent annual income. The Golden Visa Greece Programme is considered as the most affordable residency by investment route to Europe. which they hold all corporate shares, To be a tax resident in Greece an individual must spend more than 183 days per year within the country. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. Above all, The program entails investing in Real Estate and some other forms of investment. VARDIKOS & VARDIKOS may assist any non-EU citizen that wishes to benefit from this provision and select your appropriate investment scheme. This privilege is also extended to your family. Applicants can secure permanent residency in Greece through investment in real estate. By decision of the Secretary General of the Decentralized Administration, residence permit for five years, subject to renewal, is granted to a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. Three (3) recent colored passport photographs. Immigration to Greece by buying Property, Capital transfer, Cost, Rules, processing times in 2021 - The Golden Visa allows you to obtain absolute ownership of your property and get your own title deed. €250,000 Real Estate Investment. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. By Investment – The Commonwealth of Dominica, Establishment of Foreign Commercial & Industrial Companies, Services To Dominicans Post Naturalisation. Beneficiaries of the right to enter and obtain a permanent residence permit under this program are: - non-EU/EEA citizens who, as individuals, invest in Greece in securities or a bank deposit, - non-EU/EEA citizens who invest in Greece in securities or a bank deposit through a domestic legal entity of. Greece Golden Visa – How to Get Permanent Residency and Citizenship. Contact Savory & Partners to learn more about this exciting residency program. 2. Immigration to Greece by buying Property, Capital transfer, Cost, Rules, processing times in 2021 - Greek Residency by investment - requirements, residence permit card. This website uses cookies to improve your experience while you navigate through the website. But to be eligible for citizenship, rather than just permanent residence, you do need to spend 7 years physically in Greece, living there, for at least half, of the year, so 183 days. You can apply for Greek citizenship … Greece temporary residency permit can be obtained for a period of 2 years and can be extended there after provided the holder of the residency still has a permanent income. 2020 Wealth, Tax Planning & Immigration Virtual Expo United States The United States EB-5 Program leads to permanent residency status and citizenship in the United States for a minimum investment of US-Dollar 900,000 in a commercial enterprise in the U.S. that generates at least 10 jobs for Americans. Greece Golden Visa Scheme allows business investors to stay and pursue Permanent resident permit card. 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