Although, Greece is a great place to reside for individuals and families. 3. The five-year residence permit may be renewed every five years thereafter provided the applicant still owns the property. This makes it a prime location for investors with a global business mindset. Benefits under the Greece Permanent Residency Program There is no minimum stay requirement for the applicant under the Greek Permanent Residency Program. Greek immigration by investment programs. >> Cyprus Golden Visa – How to Get Permanent Residency … © 2021 All rights reserved |  | Web design and development by zentech.gr. 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. Permanent residency is granted on the basis of an investment in Greece. Residency cards can be obtained 40 days after the purchase of property. 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. There is no minimum stay requirement and children up to the age of 21 are included in the family application. While Cyprus’ investment citizenship program has been suspended, its residency by investment program, or “Golden Visa”, remains intact. The option for citizenship is however open for those applicants who are fully committed to reside in Greece. You will need to stay in Greece for at least 183 days a year and could apply for permanent residence in 5 years. Residents of Greece can also apply for citizenship and passport after 7 years of residing in the country. 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. Residence Permit Greece: Residency by Investment Program. Greece is a member of the EU Schengen visa zone so holder of the Greek residency permit has the freedom to … Evidence that the third – country national has sufficient funds, at the level of consistent annual income. 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. Citizenship or residency are available to qualified investors who contribute to the economy through an investment in government-approved assets or economic development initiatives. One leads to citizenship whereas the other to permanent residency (indefinitely), and both have desired results. Greece Residency Visa Nigeria - for Nigerians citizens to allow business investors to move to Greece and pursue permanent residence permit and citizenship. GREECE RESIDENCY BY INVESTMENT PROGRAMME BENEFITS. Immigration to Greece by buying Property, Capital transfer, Cost, Rules, processing times in 2021 - The residency by investment can lead to citizenship but not in all cases. Greece offers a 5-year (Permanent) Residence Permit for Investment Activity (“Άδεια διαμονής για επενδυτική δραστηριότητα”) to non-EU/EEA nationals and their families. Applicants can secure permanent residency in Greece through investment in real estate. The Greek citizenship … Greece also is known for its advanced infrastructure and expertise in various professional fields. Greece Golden Visa Scheme allows business investors to stay and pursue Permanent resident permit card. 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. Residency by investment is an opportunity for investors to get permanent residency or 2nd citizenship. Investment in home/apartment / real estate in Cyprus minimum €250,000 for ownership of a lifetime. Evidence that the third – country national has sufficient funds, at the level of consistent annual income. In the case of jointly owned property, worth 250,00… Citizens have the right to live and work anywhere within the 34 countries of the European Union (EU) Freedom to Travel: Residents enjoy visa free travel in 26 Schengen Member Countries; Citizens 196 countries/territories worldwide. 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. The Greek “Golden Visa” Law 4251/2014 “Permanent residency permit for investors” amended by the law 4332/2015 (valid from July 2015) offers permanent residency permit to non-EU citizens and their family members, who buy property in Greece, the value of which exceeds €250,000. The Greek residency by investment program was established in July 2013. These cookies will be stored in your browser only with your consent. Contact us to learn more about this Residency by Investment program. This route provide for non-EU persons to receive Greek residency on the basis of investing in property in Greece. Greece Golden Visa Program gives a 5-year permanent residence permit for a minimum of 250.000 Euro real estate investment. which they hold all corporate shares, Most residency-based investment programs center on investment in the form of investment in real estate, such as purchasing residential properties. Investors can renew their residence permits for 5 … Application form in two (2) copies – to be drafted by our office. Medical facilities in Greece are exemplary and also the country’s domestic transport connections. 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. Holders of the Golden Visa are not taxed on the income they earned outside the country; they are only taxed for the income they generate within Greece. True copy of valid passport or equivalent travel document recognized by Greece, together with valid visa. Of all European residency by investment programs, Greece offers the most cost-effective investment. The Golden Visa for Greece is one of the most popular investment visa programs in the EU. 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. Necessary cookies are absolutely essential for the website to function properly. 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. Above all, The program entails investing in Real Estate and some other forms of investment. 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. Nulima offers consultancy for Greece and Cyprus citizenship. The amount of the income may be proved by pension abroad, bank account statements or other proof that the person has its own sufficient income, of legal origin, to cover its expenses without being employed or exercise an independent economic activity in Greece. You will need to stay in Greece for at least 183 days a year and could apply for permanent residence in 5 years. Living & Working: Residents may only live in Greece. The qualifying family members of the visa are the spouse and children of the applicant who are under 18 years old. Greece Residency Visa Nigeria - for Nigerians citizens to allow business investors to move to Greece and pursue permanent residence permit and citizenship. The Greek residence permit is renewable for 5-year periods if the investment is maintained. 3. Application form in two (2) copies – to be drafted by our office. 2. The eight investment options for the permanent residence permit of Greece through the Golden Visa program. This website uses cookies to improve your experience while you navigate through the website. Greece Business Visa / Permanent Residency / Citizenship by Investment A country widely known as the cradle of western civilization, Greece is located in southeast Europe. This type of residency permit is issued for a period of 2 years and can then be extended, on the condition that the holder of the residency permit maintains his/her income. Benefits of Greece Permanent Residence Permit. Residence Permit Greece: Discover how to become a permanent resident of Greece through the Greek Residency by Investment Program. It is called the Greece Golden Visa Scheme. This is known as the lowest investment level for this type of visa in Europe. The Greek residence permit is renewable for 5-year periods if the investment is maintained. 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. Box ​W1516, St. John’s, Antigua, West Indies, St Lucia: 20, Micoud Street, Castries P.O. The condition for sufficient income must exist for each member of the family. Contact Savory & Partners to learn more about this exciting residency program. Apart from the travel benefits this program offers its applicants around the EU and Schengen zone areas, the residency permit also allows the applicant to set up a business in Greece although he or she is not allowed to work. Access to labor market: this type of residence permit does not allow access to the labor market. Greece Golden Visa investors can obtain their permanent residence permit in 1-2 months. Opportunities for doing Business: Holders of residency have the right to buy real estate, register and manage a business. GR: +30 693 248 8888 | +30 210 361 15 05 | +30 210 362 78 89 | +30 6937 22 88 88, Emergency and A.O.H. To be a tax resident in Greece an individual must spend more than 183 days per year within the country. … Health Certificate issued by a Greek state hospital, certifying that the third-country national does not suffer from any disease which according to the international standards and the World Health Organization (WHO) could pose a risk to the public health. VARDIKOS & VARDIKOS may assist any non-EU citizen that wishes to benefit from this provision and select your appropriate investment scheme. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. 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). €250,000 Real Estate Investment. 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. The program is aimed at high net worth individuals who wish to obtain permanent residence, with the possibility of citizenship. Buy property investment, Contributions, Capital transfer requirements, Immigration though golden visa, PR card, Cost, Scheme, Agency, Process, processing times in 2021 - EB5 BRICS The Greece Residency by Investment Program was introduced by the Greek government in 2013 to enable genuine investors to acquire residency in Greece by investing in real estate. Greece Golden Visa investors can obtain their permanent residence permit in 1-2 months. European But Not EU Member States’ Residency by Investment Programs 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. Greece Golden Visa Scheme allows business investors to stay and pursue Permanent resident permit card. Permanent Residency in Greece may be obtained through a secure €250,000 (excluding VAT), or more, investment in real estate. 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. 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. You also have the option to opt-out of these cookies. Applicants who already have invested at least €250,000, possess permanent residency and live in Greece for at least 183 days each year, can apply for Greek citizenship and a passport after seven years.. Once applicants get citizenship, then they are free to dispose of their investment since further visa renewals are not necessary. The applicant obtains a special visa from the competent Greek embassy/consulate in the country of origin. The residence by investment program set out the guidelines on how non-EU citizens could obtain permanent residence in the country by investing €250,000 in Greek real estate. Acquisition of shares of a real estate investment company. Such individuals may be accompanied by members of their families to whom a personal residence permit is granted. Certificate that the applicant has applied to a medical insurer for full coverage of his medical care and expenses. These cookies do not store any personal information. The Greek economic banking crisis that began in 2009 hit the country hard. There are several residency by investment programmes in Europe that grant residency, often through real estate investment but without the requirement to reside. So, the Greek government set up the residence by investment program as part of the effort to attract foreign capital to the country. 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. By Investment – The Commonwealth of Dominica, Establishment of Foreign Commercial & Industrial Companies, Services To Dominicans Post Naturalisation. A permanent residence requires an investment of $300,000. Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. 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. Upon their arrival in Greece and until the expiration of their special visa, the applicant applies for the residence permit. Obtaining permanent residency through the Greece Residency by Investment Program grants you seemingly endless benefits and advantages, including unrestricted travel throughout the Schengen Zone. Greece is a democratic and developed country with a high standard of living and a member of the European Union. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. European Union Residency by Investment Programs (19) A residency by investment program is a legal and financial process that requires a foreign national to invest in another country to become resident. 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. Healthcare: Citizens can also benefit from the world-renowned and leading healthcare systems in the EU. Stamp Fee to be issued by the Greek Tax Authority. Greece has become a Euro zone Member in 2001. The Golden Visa Greece Programme is considered as the most affordable residency by investment route to Europe. It is required of visa holders to possess their investment property during the time of their visa-based residency. Other countries offering Residency by Investment, Parliamentary Representative Democratic Republic, Join our newsletter to stay up to date on features and releases, ©2020 Citizenship & Residency Programs All rights reserved, Comparative of the Best Citizenship Investment Programs, Comparative of the Best Residency Investment Programs, What is citizenship by investment programs. Residence Permits for Financially Independent Individuals (CN). Access to Public Educational System: Holders have the right to educate their children in educational institutions of the Schengen Countries. Apart from its natural beauty, you can indulge in its interesting culture, cuisine, architecture, heritage, and arts. Being a permanent resident of Greece gives you the opportunity to travel and study without visa across the entire European Union. The Golden Visa allows you to obtain absolute ownership of your property and get your own title deed. Non-EU citizens who buy a property in Greece with the minimum value of 250,000 Euro can benefit from the new and accelerated procedure for obtaining a Permanent Residence (PR) Permit in Greece and the new positive changes to the Greek Investment Immigration Program. It is necessary for the applicant to purchase the property prior to the actual application of the visa. (either residential or commercial), that can include one or more properties; Max ages that Children can be included on a Permanent residence permit application: - Children below 21 are eligible Greece offers a 5-year (Permanent) Residence Permit for Investment Activity (“Άδεια διαμονής για επενδυτική δραστηριότητα”) to non-EU/EEA nationals and their families. Latvia was once touted as the best and easiest place in the EU to qualify for residency. The applicant can invest in any number of real estate properties that can be combined to make up €250,000. Greece Permanent Residency Program famous as Golden Visa Greece launched in 2013 to encourage investments in the country. This program has been one of the most affordable programs in Europe. 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. Although, Greece is a great place to reside for individuals and families. Greece Citizenship / Greece Permanent Residency 2020. Greece Golden Visa Program gives a 5-year permanent residence permit for a minimum of 250.000 Euro real estate investment. The Greece permanent residency 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. The purchased property can be in the mainland of Greece or the islands and it can be residential or commercial. It is called the Greece Golden Visa Scheme. To get a Citizenship by Investment in Cyprus, you must make an investment of €2 million. 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. 4 Woods Centre Friars Hill Road, P.O. 1. True copy of valid passport or equivalent travel document recognized by Greece, together with valid visa. This privilege is also extended to your family. 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. You can apply for Greek … Acquisition of shares of a real estate investment company. (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. This program has been one of the most affordable programs in Europe. Obtaining permanent residency through the Greece Residency by Investment Program grants you seemingly endless benefits and advantages, including unrestricted travel throughout the Schengen Zone.