True copy of valid passport or equivalent travel document recognized by Greece, together with valid visa. Suitable for: Individuals who are looking for permanent residency for themselves and their families in an EU country, but who are also looking for … Step 2 – Application for the Staying Permit. 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. 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. After five years as a permanent resident the investor may apply for U.S. citizenship. 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. 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). A permanent residence requires an investment of $300,000. The eight investment options for the permanent residence permit of Greece through the Golden Visa program. 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. Three (3) recent colored passport photographs. Once they received citizenship, they can easily dispose their property investments since visa renewal is no longer required. Greece Citizenship / Greece Permanent Residency 2020. 2. 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. You can apply for Greek … Above all, The program entails investing in Real Estate and some other forms of investment. Investors can renew their residence permits for 5 … The residence permits may be renewed every five years. Greece Residency Visa Nigeria - for Nigerians citizens to allow business investors to move to Greece and pursue permanent residence permit and citizenship. We also use third-party cookies that help us analyze and understand how you use this website. 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. 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. Three (3) recent colored passport photographs. The Greek … The Greece Residency Permit, allows the investor and their direct family, to live, study and work in Greece and other EU member countries provided they meet the necessary requirements. 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. Being a permanent resident of Greece gives you the opportunity to travel and study without visa across the entire European Union. Including the fees, the total amount needed for a residency visa application in Greece is €300,000. It requires a minimum investment of just €250,000 to gain the Greece PR. Latvia was once touted as the best and easiest place in the EU to qualify for residency. 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. Receive your Greece citizenship and Greece passport through an investment in the country. Acquisition of shares of a real estate investment company. To get Permanent Residence by Investment in Cyprus, you have to purchase property amounting to at least €300,000. Joint buyers can combine investments into one property. 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. Residence Permits for Financially Independent Individuals. Residence Permit Greece: Residency by Investment Program. 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. Necessary cookies are absolutely essential for the website to function properly. 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 Golden Visa Greece Programme is considered as the most affordable residency by investment route to Europe. Benefits of Greece Permanent Residence Permit. The eight investment options for the permanent residence permit of Greece through the Golden Visa program. After 7 years you can apply for a Greek passport and obtain EU citizenship. Residency by investment is an opportunity for investors to get permanent residency or 2nd citizenship. PR status is then conferred at an accelerated rate compared to traditional applications. You also have the option to opt-out of these cookies. It is mandatory to procure user consent prior to running these cookies on your website. In the case of investments classified as Strategic Investments, under a decision of the Interministerial Committee for Strategic Investments, residence permit may be granted to the legal representative of the investor and to up to 10 additional persons, who shall act for the implementation of the investment plan. There are several residency by investment programmes in Europe that grant residency, often through real estate investment but without the requirement to reside. Capital investment in shares or bonds of a locally registered Greek company, listed on the Greek stock market. The Greek residency by investment program was established in July 2013. According to Art. So, the Greek government set up the residence by investment program as part of the effort to attract foreign capital to the country. Certificate that the applicant has applied to a medical insurer for full coverage of his medical care and expenses. 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). This makes it a prime location for investors with a global business mindset. It is required of visa holders to possess their investment property during the time of their visa-based residency. 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. After 7 years you can apply for a Greek passport and obtain EU citizenship. Investment in home/apartment / real estate in Cyprus minimum €250,000 for ownership of a lifetime. To get a Citizenship by Investment in Cyprus, you must make an investment of €2 million. Any number of properties can combine to make up the €250,000 minimum investment. To be a tax resident in Greece an individual must spend more than 183 days per year within the country. €250,000 Real Estate Investment. Above all, The program entails investing in Real Estate and some other forms of investment. The five-year residence permit may be renewed every five years thereafter provided the applicant still owns the property. The visa also extends to the parents of both the applicant and the spouse. 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. A residency by investment program is a legal and financial process that requires a foreign national to invest in another country to become resident. Greece Permanent Residency Program famous as Golden Visa Greece launched in 2013 to encourage investments in the country. This is known as the lowest investment level for this type of visa in Europe. 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. Greece offers a 5-year (Permanent) Residence Permit for Investment Activity (“Άδεια διαμονής για επενδυτική δραστηριότητα”) to non-EU/EEA nationals and their families. Greek Law 4146/2013 “Creation of a Development Friendly Environment for Strategic and Private Investments”. 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. The application process for the residency program takes around 40 days from the start of the investment until the permit is issued. The program’s qualifying options are: Real estate options. It is necessary for the applicant to purchase the property prior to the actual application of the visa. It is also required for the applicant to have no criminal record and with medical insurance to cover one’s stay in Greece. 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. European But Not EU Member States’ Residency by Investment Programs Application form in two (2) copies – to be drafted by our office. Greece has become a Euro zone Member in 2001. 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. Nulima offers consultancy for Greece and Cyprus citizenship. Greece Golden Visa investors can obtain their permanent residence permit in 1-2 months. 2. This website uses cookies to improve your experience. Cyprus offers two types of Golden Visas. Contact us to learn more about this Residency by Investment program. Access to Public Educational System: Holders have the right to educate their children in educational institutions of the Schengen Countries. Citizenship or residency are available to qualified investors who contribute to the economy through an investment in government-approved assets or economic development initiatives. There are various reasons for people to stay in Greece permanently. Residence Permits for Financially Independent Individuals (CN). 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. 4 Woods Centre Friars Hill Road, P.O. The Golden Visa for Greece is one of the most popular investment visa programs in the EU. Living & Working: Residents may only live in Greece. Greece Golden Visa investors can obtain their permanent residence permit in 1-2 months. 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. 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. Contact Savory & Partners to learn more about this exciting residency program. In the case of jointly owned property, worth 250,00… This website uses cookies to improve your experience while you navigate through the website. This program has been one of the most affordable programs in Europe. The applicant can invest in any number of real estate properties that can be combined to make up €250,000. The temporary residency status can be changed into permanent Greece residency after a period of 5 years. The property, which can be located anywhere on the Greek mainland or the islands, can be either residential or commercial. A real estate investment amounting to €250,000 is required for a residency visa. The Golden Visa Scheme has a 5-year validity which can be renewed every five years too. You can apply for Greek citizenship … 1. The qualifying family members of the visa are the spouse and children of the applicant who are under 18 years old. Immigration to Greece by buying Property, Capital transfer, Cost, Rules, processing times in 2021 - A real estate investment amounting to €250,000 is required for a residency visa. Greek Residency by investment - requirements, residence permit card. The laws and regulations of the country are turning out to be more investor friendly apart from having lower cost of living. The resident status can be permanent and temporary. We'll assume you're ok with this, but you can opt-out if you wish. 2020 Wealth, Tax Planning & Immigration Virtual Expo United States Receive Greek residency or Greek citizenship (Greek passport) by investing in Greek real estate. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. Tax residents are subject to personal income tax on their worldwide income, while non-residents are only taxed on their Greek-source income. 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. Applicants can secure permanent residency in Greece through investment in real estate. 2. 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. 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 . Greece Permanent Residency Program famous as Golden Visa Greece launched in 2013 to encourage investments in the country. European Union Residency by Investment Programs (19) Residents of Greece can also apply for citizenship and passport after 7 years of residing in the country. 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. which they hold all corporate shares, Healthcare: Citizens can also benefit from the world-renowned and leading healthcare systems in the EU. Golden Visa Greece offering residency without citizenship. Cyprus. 2. The applicant obtains a special visa from the competent Greek embassy/consulate in the country of origin. While Cyprus’ investment citizenship program has been suspended, its residency by investment program, or “Golden Visa”, remains intact. Contact us for program details. >> Greece Golden Visa – How to Get Permanent Residency and Citizenship. Obtaining permanent residency through the Greece Residency by Investment Program grants you seemingly endless benefits and advantages, including unrestricted travel throughout the Schengen Zone. LATVIA. The Greek economic banking crisis that began in 2009 hit the country hard. Greece Business Visa / Permanent Residency / Citizenship by Investment A country widely known as the cradle of western civilization, Greece is located in southeast Europe. 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. This route provide for non-EU persons to receive Greek residency on the basis of investing in property in Greece. It requires a minimum investment of just €250,000 to gain the Greece PR. 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. Greek Citizenship via Real Estate Investment … 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. For more information, kindly also visit below links: For any further information or clarifications please do not hesitate to contact us at: [email protected] orAlternatively, and for any other inquiries, please call us direct via +306932478585, Tel. An investment of €250,000 is required in real estate in Greece making the Greek programme the lowest investment level of any real estate residency visa scheme in Europe. A brief background to the Golden Visa Greece Program. There is no minimum stay requirement and children up to the age of 21 are included in the family application. The Greek Permanent Residency and Citizenship Program offers a pathway to secure permanent residency in Europe via an affordable real estate investment 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. © 2021 All rights reserved | | Web design and development by zentech.gr. It is called the Greece Golden Visa Scheme. Residence Permit Greece: Discover how to become a permanent resident of Greece through the Greek Residency by Investment Program. Investors can renew their residence permits for 5 … Greek Citizenship via Real Estate Investment … 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. Although, Greece is a great place to reside for individuals and families. 2. True copy of valid passport or equivalent travel document recognized by Greece, together with valid visa. Such individuals may be accompanied by members of their families to whom a personal residence permit is granted. No. Evidence that the third – country national has sufficient funds, at the level of consistent annual income. Contact Savory & Partners to learn more about this exciting residency program. The Greek residence permit is renewable for 5-year periods if the investment is maintained. Greek Residency by investment - requirements, residence permit card. Medical facilities in Greece are exemplary and also the country’s domestic transport connections. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. Acquisition of shares of a real estate investment company. The Golden Visa Greece Programme is considered as the most affordable residency by investment route to Europe. Greece Golden Visa – How to Get Permanent Residency and Citizenship. Greece immigration by investment programs. The first major reason is the ability to enjoy freedom of movement within the European Union and the Schengen zone. Box 189 Saint Lucia. This program has been one of the most affordable programs in Europe. 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. 1. Colombia offers one of the most affordable investment for residency programs on the planet. 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. It has 428 blue-flagged beaches and about 16,000 km of coastline. … Investment in home/apartment / real estate in Cyprus minimum €250,000 for ownership of a lifetime. Greece Golden Visa Program gives a 5-year permanent residence permit for a minimum of 250.000 Euro real estate investment. 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. 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. Greece offers Residency by investment options to individuals who wish to purchase real estate or perform a strategic investment in the economy. Greece, officially the Hellenic Republic, is one of the most historic countries. While I personally think that this is a bit high, you can get quite a lot for your money considering how cheap real estate is in the country, and you can also get a sizable return on your investment. Greek Residency by Investment. GREECE PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit : - Investment in real estate by 250,000 Euros. Residency cards can be obtained 40 days after the purchase of property. 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. >> Cyprus Golden Visa – How to Get Permanent Residency … 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. The purchased property can be in the mainland of Greece or the islands and it can be residential or commercial. The residence permit for financially independent persons is issued for 2 years and may be renewed every 3 years. 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. Located in Southern Europe, Greece is strategically located at the crossroads of Europe, Asia, and Africa. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. VARDIKOS & VARDIKOS may assist any non-EU citizen that wishes to benefit from this provision and select your appropriate investment scheme. 3. You will need to stay in Greece for at least 183 days a year and could apply for permanent residence in 5 years. 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. Permanent residency is granted on the basis of an investment in Greece. Residency by Investment Program. GREECE RESIDENCY BY INVESTMENT PROGRAMME BENEFITS. Greece Residency Benefits. Box W1516, St. John’s, Antigua, West Indies, St Lucia: 20, Micoud Street, Castries P.O. Greece is a democratic and developed country with a high standard of living and a member of the European Union. The applicant should appear in person and be interviewed briefly in relation to the purpose of their application. Capital investment in shares or bonds of a locally registered Greek company, listed on the Greek stock market. The Golden Visa allows you to obtain absolute ownership of your property and get your own title deed. Upon their arrival in Greece and until the expiration of their special visa, the applicant applies for the residence permit. Outlined below are the benefits of obtaining the Greece Residence Permit. 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. Joint buyers may also combine their investments into one property. Benefits under the Greece Permanent Residency Program There is no minimum stay requirement for the applicant under the Greek Permanent Residency Program. 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. 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. Stamp Fee to be issued by the Greek Tax Authority. 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. Stamp Fee to be issued by the Greek Tax Authority. Immigration to Greece by buying Property, Capital transfer, Cost, Rules, processing times in 2021 - 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. Greek immigration by investment programs. The residency by investment can lead to citizenship but not in all cases. Greece Golden Visa Program gives a 5-year permanent residence permit for a minimum of 250.000 Euro real estate investment. : +306934555555 , +306937228888, 3 Mavromichali Street, GR 10679 Athens, GREECE www.vardikos.com | [email protected], Dominica Office : 36 Great George Street Roseau Commonwealth of Dominica 00112 West Indies, Antigua & Barbuda Office: Suite No. These cookies do not store any personal information. 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. According to Articles 16 and 20 of Law 4251/2014 (former Article 26 of Law3386/2005) third-country nationals may enter Greece in order to perform an investment, which shall contribute to the growth of the national economy. The condition for sufficient income must exist for each member of the family. Residency by investment is the process of obtaining a permanent residency card in another country by investing in the economy of that country. Invest for residency in europe. The Greece Golden Visa was born. 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. Buy property investment, Contributions, Capital transfer requirements, Immigration though golden visa, PR card, Cost, Scheme, Agency, Process, processing times in 2021 - EB5 BRICS This is known as the lowest investment level for this type of visa in Europe. Greece Golden Visa Scheme allows business investors to stay and pursue Permanent resident permit card. 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. Greece Citizenship by Investment Notes . The Greek citizenship … (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 Evidence that the third – country national has sufficient funds, at the level of consistent annual income. Buy property investment, Contributions, Capital transfer requirements, Immigration though golden visa, PR card, Cost, Scheme, Agency, Process, processing times in 2021 - EB5 BRICS Greece Golden Visa Scheme allows business investors to stay and pursue Permanent resident permit card. By Investment – The Commonwealth of Dominica, Establishment of Foreign Commercial & Industrial Companies, Services To Dominicans Post Naturalisation. The Greek residency by investment program was established in July 2013. 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. Greece also is known for its advanced infrastructure and expertise in various professional fields. This category only includes cookies that ensures basic functionalities and security features of the website. Although, Greece is a great place to reside for individuals and families. Of all European residency by investment programs, Greece offers the most cost-effective investment. Applicants can secure permanent residency in Greece through investment in real estate. The Residence Permit includes your family members as well, including children up to 25 years of age. 1. But opting out of some of these cookies may affect your browsing experience. It is called the Greece Golden Visa Scheme. This privilege is also extended to your family. Besides its cultural significance and summer sunshine making it a prime tourist location, Greece warmly welcomes investors seeking business opportunities and offers its residents a high quality of life and a very high standard of living. Greece offers a 5-year (Permanent) Residence Permit for Investment Activity (“Άδεια διαμονής για επενδυτική δραστηριότητα”) to non-EU/EEA nationals and their families. Permanent Residency in Greece may be obtained through a secure €250,000 (excluding VAT), or more, investment in real estate. 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