The residence permits may be renewed every five years. The Greek residence permit is renewable for 5-year periods if the investment is maintained. Permanent residency is granted on the basis of an investment in Greece. Application form in two (2) copies – to be drafted by our office. 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. The visa also extends to the parents of both the applicant and the spouse. The Greece Golden Visa was born. Investment in home/apartment / real estate in Cyprus minimum €250,000 for ownership of a lifetime. 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. A brief background to the Golden Visa Greece Program. The five-year residence permit may be renewed every five years thereafter provided the applicant still owns the property. Obtaining permanent residency through the Greece Residency by Investment Program grants you seemingly endless benefits and advantages, including unrestricted travel throughout the Schengen Zone. 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. 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 Golden Visa Scheme has a 5-year validity which can be renewed every five years too. Residence Permit Greece: Discover how to become a permanent resident of Greece through the Greek Residency by Investment Program. 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. Three (3) recent colored passport photographs. Apart from its natural beauty, you can indulge in its interesting culture, cuisine, architecture, heritage, and arts. Greece offers Residency by investment options to individuals who wish to purchase real estate or perform a strategic investment in the economy. The Greek residence permit is renewable for 5-year periods if the investment is maintained. 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. Receive Greek residency or Greek citizenship (Greek passport) by investing in Greek 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. After 7 years you can apply for a Greek passport and obtain EU citizenship. The residency by investment can lead to citizenship but not in all cases. © 2021 All rights reserved |  | Web design and development by zentech.gr. 2. Contact us to learn more about this Residency by Investment program. 2. Residency by investment is the process of obtaining a permanent residency card in another country by investing in the economy of that country. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. Most residency-based investment programs center on investment in the form of investment in real estate, such as purchasing residential properties. 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). Although, Greece is a great place to reside for individuals and families. Greece Golden Visa Program gives a 5-year permanent residence permit for a minimum of 250.000 Euro real estate investment. You also have the option to opt-out of these cookies. After five years as a permanent resident the investor may apply for U.S. citizenship. Immigration to Greece by buying Property, Capital transfer, Cost, Rules, processing times in 2021 - It is called the Greece Golden Visa Scheme. 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. Residency by investment is an opportunity for investors to get permanent residency or 2nd citizenship. 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. This program has been one of the most affordable programs in Europe. 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 . Application form in two (2) copies – to be drafted by our office. €250,000 Real Estate Investment. So, the Greek government set up the residence by investment program as part of the effort to attract foreign capital to the country. Stamp Fee to be issued by the Greek Tax Authority. Applicants can secure permanent residency in Greece through investment in real estate. 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. A residency by investment program is a legal and financial process that requires a foreign national to invest in another country to become resident. No. Greece also offers good weather almost the whole year round. It is mandatory to procure user consent prior to running these cookies on your website. 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. This is known as the lowest investment level for this type of visa in Europe. 2. Box 189 Saint Lucia. Capital investment in shares or bonds of a locally registered Greek company, listed on the Greek stock market. 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. The residence permit for financially independent persons is issued for 2 years and may be renewed every 3 years. 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 Golden Visa allows non-EU applicants to file for Greek residency by way of a EUR 250,000 investment in local real estate. The program is aimed at high net worth individuals who wish to obtain permanent residence, with the possibility of citizenship. According to Art. The laws and regulations of the country are turning out to be more investor friendly apart from having lower cost of living. 4 Woods Centre Friars Hill Road, P.O. €250,000 Real Estate Investment. Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. 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. Benefits of Greece Permanent Residence Permit. 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. 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). Residency by Investment Program. The Greek economic banking crisis that began in 2009 hit the country hard. >> Greece Golden Visa – How to Get Permanent Residency and Citizenship. Greece Permanent Residency Program famous as Golden Visa Greece launched in 2013 to encourage investments in the country. 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. Greece Citizenship / Greece Permanent Residency 2020. It requires a minimum investment of just €250,000 to gain the Greece PR. Above all, The program entails investing in Real Estate and some other forms of investment. You can apply for Greek … The program’s qualifying options are: Real estate options. Nulima offers consultancy for Greece and Cyprus citizenship. This category only includes cookies that ensures basic functionalities and security features of the website. It is necessary for the applicant to purchase the property prior to the actual application of the visa. By Investment – The Commonwealth of Dominica, Establishment of Foreign Commercial & Industrial Companies, Services To Dominicans Post Naturalisation. (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 1. 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. Greek immigration by investment programs. Greek Residency by investment - requirements, residence permit card. This website uses cookies to improve your experience. 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. Residence Permit Greece: Discover how to become a permanent resident of Greece through the Greek Residency by Investment Program. 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. 250.000 Euro real estate investment amounting to at least €300,000 but not in all cases per year within the Union. 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