Applicants can secure permanent residency in Greece through investment in real estate. These cookies will be stored in your browser only with your consent. Greek Residency by Investment. Residency cards can be obtained 40 days after the purchase of property. Immigration to Greece by buying Property, Capital transfer, Cost, Rules, processing times in 2021 - 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. 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. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. Stamp Fee to be issued by the Greek Tax Authority. So, the Greek government set up the residence by investment program as part of the effort to attract foreign capital to the country. Residency by investment is the process of obtaining a permanent residency card in another country by investing in the economy of that country. In the case of jointly owned property, worth 250,00… Investors can renew their residence permits for 5 … 2. 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. 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. Application form in two (2) copies – to be drafted by our office. Greece Business Visa / Permanent Residency / Citizenship by Investment A country widely known as the cradle of western civilization, Greece is located in southeast Europe. 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. © 2021 All rights reserved | | Web design and development by zentech.gr. This route provide for non-EU persons to receive Greek residency on the basis of investing in property in Greece. Greece, officially the Hellenic Republic, is one of the most historic countries. It is called the Greece Golden Visa Scheme. 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. The Greece Golden Visa was born. Application form in two (2) copies – to be drafted by our office. To get Permanent Residence by Investment in Cyprus, you have to purchase property amounting to at least €300,000. Certificate that the applicant has applied to a medical insurer for full coverage of his medical care and expenses. 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. Evidence that the third – country national has sufficient funds, at the level of consistent annual income. Joint buyers may also combine their investments into one property. It requires a minimum investment of just €250,000 to gain the Greece PR. 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 application process for the residency program takes around 40 days from the start of the investment until the permit is issued. Residence Permit Greece: Discover how to become a permanent resident of Greece through the Greek Residency by Investment Program. The property, which can be located anywhere on the Greek mainland or the islands, can be either residential or commercial. The applicant obtains a special visa from the competent Greek embassy/consulate in the country of origin. : +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. Cyprus offers two types of Golden Visas. The Golden Visa Scheme has a 5-year validity which can be renewed every five years too. The Greek residency by investment program was established in July 2013. The program is aimed at high net worth individuals who wish to obtain permanent residence, with the possibility of citizenship. A brief background to the Golden Visa Greece Program. 2. The Greek economic banking crisis that began in 2009 hit the country hard. Including the fees, the total amount needed for a residency visa application in Greece is €300,000. Investment in home/apartment / real estate in Cyprus minimum €250,000 for ownership of a lifetime. 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. It is called the Greece Golden Visa Scheme. But opting out of some of these cookies may affect your browsing experience. Greek Residency by investment - requirements, residence permit card. Opportunities for doing Business: Holders of residency have the right to buy real estate, register and manage a business. 2. 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. >> Greece Golden Visa – How to Get Permanent Residency and Citizenship. 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 . The laws and regulations of the country are turning out to be more investor friendly apart from having lower cost of living. The applicant can invest in any number of real estate properties that can be combined to make up €250,000. The Greek … This program has been one of the most affordable programs in Europe. Applicants can secure permanent residency in Greece through investment in real estate. 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. 3. True copy of valid passport or equivalent travel document recognized by Greece, together with valid visa. Greece offers Residency by investment options to individuals who wish to purchase real estate or perform a strategic investment in the economy. 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. Greece has become a Euro zone Member in 2001. 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. Greece offers Residency by investment options to individuals who wish to purchase real estate or perform a strategic investment in the economy. Acquisition of shares of a real estate investment company. Investors can renew their residence permits for 5 … 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 is a democratic and developed country with a high standard of living and a member of the European Union. 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. Although, Greece is a great place to reside for individuals and families. There is no minimum stay requirement and children up to the age of 21 are included in the family application. True copy of valid passport or equivalent travel document recognized by Greece, together with valid visa. Receive Greek residency or Greek citizenship (Greek passport) by investing in Greek real estate. Once they received citizenship, they can easily dispose their property investments since visa renewal is no longer required. Greece Permanent Residency Program famous as Golden Visa Greece launched in 2013 to encourage investments in the country. The resident status can be permanent and temporary. 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. (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. 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. The program’s qualifying options are: Real estate options. The Greek residency by investment program was established in July 2013. Greece Golden Visa Program gives a 5-year permanent residence permit for a minimum of 250.000 Euro real estate investment. You will need to stay in Greece for at least 183 days a year and could apply for permanent residence in 5 years. … Any number of properties can combine to make up the €250,000 minimum investment. 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 Public Educational System: Holders have the right to educate their children in educational institutions of the Schengen Countries. 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. Upon their arrival in Greece and until the expiration of their special visa, the applicant applies for the residence permit. 2. Capital investment in shares or bonds of a locally registered Greek company, listed on the Greek stock market. €250,000 Real Estate Investment. Three (3) recent colored passport photographs. 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. The qualifying family members of the visa are the spouse and children of the applicant who are under 18 years old. We'll assume you're ok with this, but you can opt-out if you wish. >> Cyprus Golden Visa – How to Get Permanent Residency … 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. 1. 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 PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit : - Investment in real estate by 250,000 Euros. It requires a minimum investment of just €250,000 to gain the Greece PR. Greek Citizenship via Real Estate Investment … Greece Golden Visa Scheme allows business investors to stay and pursue Permanent resident permit card. Necessary cookies are absolutely essential for the website to function properly. Greece Residency Benefits. 4 Woods Centre Friars Hill Road, P.O. 1. You will need to stay in Greece for at least 183 days a year and could apply for permanent residence in 5 years. This website uses cookies to improve your experience while you navigate through the website. The residence permits may be renewed every five years. To get a Citizenship by Investment in Cyprus, you must make an investment of €2 million. It has 428 blue-flagged beaches and about 16,000 km of coastline. Three (3) recent colored passport photographs. There are various reasons for people to stay in Greece permanently. 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 residence permit for financially independent persons is issued for 2 years and may be renewed every 3 years. To be a tax resident in Greece an individual must spend more than 183 days per year within the country. 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. €250,000 Real Estate Investment. Greece Residency Visa Nigeria - for Nigerians citizens to allow business investors to move to Greece and pursue permanent residence permit and citizenship. 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. Investment in home/apartment / real estate in Cyprus minimum €250,000 for ownership of a lifetime. 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