Thanks in advance! Golden Visa Greece. In other words, may I start a single operated business by myself after getting golden visa in Greece? Hello Tiffany, no, it is not possible to include your aunt in the application for the Greece Golden Visa. A Golden visa is a type of residence visa with added benefits, offered by several European countries including Greece. Thanks!! If I obtain the Greek golden visa and become a resident, do I have to pay taxes there? As a British citizen who already owns a property in Greece, am I now able to apply for the golden visa even though I bought the property a couple of years ago? Hello Jennifer, it would be best to proceed with your lawyer’s guidance regarding all the legal matters. Usually, hiring a lawyer is a smart idea because this might be overwhelming. The Greek Golden Visa program isn’t the only one out there. Does “you can set up business”include freelance activity? Golden Visa Greece: Minors (<18) as Main Applicants. As long as the combined value of the investment is equal to or greater than €250.000, the application is valid. Make sure and check with your certified financial advisor to see if you can benefit from any of these incentives. Golden Visa in Greece provides integrated services that bring to completion all the required procedures in order to obtain European citizenship through the acquisition of immovable property or Residence Permit. Your email address will not be published. You and your entire family can then travel, work, and study in any of the 27 European countries as soon as your permit is issued. Thus, as Greece is part of the European Union, the prospect investor obtains automatically the European citizenship by investment. Third-country citizens can obtain a residency permit in Greece – popularly known as a ‘Golden Visa’ by purchasing real–estate property in Greece for a value that exceeds 250,000 Euros. When you get to Greece, it would be ideal to already have some real estate properties lined up for you to visit. Mind you, you will still need your Vietnamese passport in order for the visa to be issued at. The amount of €250.000 refers to the price indicated on the contract. Greece plans to relaunch its much-criticized Golden Visa Program, becoming one of the first European countries to reopen its immigration process, after being among the first European countries to close it due to the situation created by the Coronavirus pandemic. It does not distinguish between commercial and residential properties. The Greece Golden Visa Program delivers all the benefits of EU/Schengen residency along with one of the lowest investment requirements. Golden Visa offers the option of acquisition of citizenship in Greece and that of Greek-European Passport and after seven years’ time from the time of acquisition of Golden Visa. The Golden Visa Greece program has been around since 2002 and was created as a way of enabling non-EU citizens the right to gain a residence permit in exchange for a 5-year real estate investment. That is an excellent idea if you’re planning to retire there. Third-country citizens can obtain a residency permit in Greece – popularly known as a ‘Golden Visa’ by purchasing real–estate property in Greece for a value that exceeds 250,000 Euros. The Greek Ministry of Immigration finally adopted, in December 2020, an Opinion issued by the Greek State Legal Council, stating that minors can invest and be considered as the main applicants for the purposes of the Golden Visa Process. We provide end-to-end solutions on residence and citizenship by investment programs in numerous countries worldwide. Would I need to re-invest another €250k in my existing Greek property to qualify – or can I just apply (shortly) after having bought a villa outright two years ago? Visa-free travel to 27 European Union countries. In 2013, the Greek government introduced the “Greek Golden Visa” program. There are numerous pros of becoming a Greek resident. It’s about the investment side of things too. Thank you! “I didn’t have a year to spare to get a European passport, so I opted for a residency in Greece instead. You will need to spend at least €300,000 on a first-time sale property. As of 2021, Greece also provides tax benefits to foreigners living in the country as tax residents. Plus, its Balkan peninsula mainland and the many thousands of picturesque islands are one of the world’s top holiday destinations. Please note that after the residence permit has been issued, you may also travel to any Schengen country directly from your country. This program has been extremely popular with investors and retirees because it has the lowest minimum investment … Dear Dr. Rimon, in the case of non-EU citizens who have signed a lease of at least 10 years for hotel accommodations or furnished tourist residences in integrated tourist resorts, provided the minimum value of the lease is €250.000, the contract must require a single payment of the lease for the equivalent of the ten-year leasing of the property. Can i use my residence permit anyhow i want or do i need to enter Schen gen area only from Greece ? Hello Phyllida, Greece Golden Visa gives you the right to live in Greece for as long as you want, with no restrictions. Foreign investors will be allowed to apply through … You can be a resident of Greece and not pay its tax if you don’t physically live there for at least 183 days a year. Go for Ireland if the holding period for your investment is important to you. However, it allows its holder to become a long-term resident, which is a qualification required for obtaining citizenship. We’ve got the solution. Greece’s Golden Visa is one of the cheapest in Europe: it is enough to purchase one or more properties totalling at least €250,000 to obtain Greece’s investor visa. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. Rental income derived from property in Greece is at between 11% and 33%, and certain expenses can be deducted from gross income. Can your family join you? Two Experts Answer. The direct relatives of the spouses in the ascending line. Real estate can be located on the mainland or on any of the Greek islands. Property taxes are relatively high. ie once outside Greece as a UK citizen you are not restricted by the 90 in 180day law? Learn more about how to apply remotely here. Hello, İs it possible to reside in any other shengen country with Greek golden visa? Back in 2013, Greece’s economic situation was still pretty dire and the real estate sector was at a stalemate. Can I obtain Greek Golden visa by opening an account in a Greek bank 250000 Eu ?? W e are here to guide you on how to buy one or more ready residencies (apartments, detached houses etc.) You will, however, be liable to pay tax for income derived in Greece and the rate for rental income from property is 11%-33%. And if you do have Greek ancestry, you might as well get a passport based on descent, not investment. If you live in Greece for seven years and are its tax resident, you will be eligible to apply to obtain Greek citizenship. Greece. Dear Lena, you may be eligible for a Golden Visa with a property that you acquired previously. מה התוכנית מעניקה ! And, if you want to apply for citizenship, you will need to pay Greek taxes for seven years. There are number of golden visa programs operating in Europe, you may have heard a lot about Portugal and Greece but not Malta. What happens in the cases where someone tarnishes their criminal record, either in their country of origin or in Greece. Pros: Lowest investment requirement among Golden Visa programs; a minimum of 250,000 euros investment in real estate; Fastest processing time at three (3) months ; Cons: It does not provide the right to work in Greece… The applicant must prove their income by documentation that proves their capacity. We have a local office in Athens, Greece with legal professionals and chartered real estate professionals in our team. If it doesn’t feel right or you have doubts, there are a handful of others you could consider: And then there is always the Greek passport that you could wait for. I hope this is clear, feel free to email us at [email protected] for any further questions. And if you do have Greek ancestry, you might as well get a passport based on descent, not investment. Do you think so? . The Greek entry level tax rate on income is 22%. Golden Visa Greece. Now we are waiting for quarantine to be over in order to finish the rest of the paperwork. Your email address will not be published. In 2014, the Greek Government introduced a law that allows non-EU citizens from around the world to acquire a Greek residency by investment. Can UK Citizens apply for Greece Golden Visa after Brexit? Please contact me. Golden Visas in Greece are granted to the rich who invest at least € 250,000 ($277,714) in property while those with Greek ancestry in the Diaspora who don’t have that kind of money must wait two years or more for residency permits or dual citizenship. They don’t really like naturalizing people who are not of Greek origin. It does not grant direct access to Greek citizenship. Hope this was helpful and best of luck…, Your email address will not be published. that buys exclusively Greek properties (or buy its shares through a share-capital scheme), or an equity mutual fund (must be based in Greece), at a credit institution (minimum 12 months), that invests in shares, corporate or state bonds, in Greece or another EU member-state that buys Greek real estate. Not only has the Golden Visa program helped people live and work in the area, but it … . You’re given residency for five years but can renew it for as long as you maintain your minimum investment. You can also mix-and-match. Here are the main ones. The Greek property market took a big hit in the 2008 financial crisis and suffered for more than a decade. This was my question also. Step 1: Selection of investment route and property. Source: Ministry οf Migration and Asylum / General Secretariat for Immigration Policy (05.01.2021). A stash of documents will have to be put together, such as birth certificates, marriage or divorce certificates, police clearance reports, passport copies, et cetera. Residence by investment is one of the best ways to build your future – on your own terms. This is the paperwork-heavy bit. Living there for seven years and paying taxes would make you eligible to apply for citizenship and the greek passport. It is important for me that visa to give them study and working permission. The residence permit is valid for five years after which the holder may renew it provided he or she still owns the property. Can I only use this Schengen visa when traveling from Greece to other European countries? The Greek Golden Visa allows you and your family to live in Greece. How long do i have to stay in Greece for citizenship? It’s got a solid education system, dependable medical facilities, and some of the lowest crime rates in Europe. Many say that Cyprus is more affordable considering the cost of life. Is it possible to rent the real estate property to third parties? This would give you the added benefit of being able to live and work in the Schengen area, not just traveling within its borders. The confidence that investors have in the country has been fully restored, as illustrated by the ever-growing numbers of people applying for the Greek Golden Visa program. Yes. Is Greece the best country in that sense? Now, I can rest easy knowing my family is safe in Greece while I’m traveling the world for business.”. It is an investment scheme that ensures visa-free travel in the Schengen zone to non-European investors and their families. However, you can obtain a permit to work in the country, and there are other investment options other than real estate. Alternatives to the Greek Golden Visa Program. ( We are also uk citizens and waiting to find out if we can apply for the visa before the end of the Brexit transition period) Thanks for your help. This program doesn’t require the investor to live there. Get in touch and we can help you decide which Golden Visa program is the right one for your personal situation. These applications directed in excess of 2 billion Euros of global funds into Greece. Yes, if the amount invested by each one is €250.000. Golden Visa. 330,000€ 280,000 € - Luxury Villas Greece, Property for Golden Visa in Greece, Villas for Sale Greece. In particular, according to article 31 of Law 4531/2018 the provisions regarding the Greek Nationality Code have been amended and they are to be introduced after 05/04/2018. What would you think? ”, “You won’t be able to work in Greece.” There are also options for 400K euro bank deposits and Govt bonds. Non-EU citizens who have made an investment through the three options of the Greek Golden Visa program, can apply for a residence permit through a proxy, without the obligation to previously visit Greece. Greece’s Golden Visa program is the cheapest one in Europe. However, you can obtain citizenship in just five years of being a resident in the country. However, if you wish to apply for citizenship, then you have to live there for 7 years. Newly approved residents cannot work in Greece, but they are free to register and set up their own businesses in the country. . A down payment on a property, and then paying a mortgage monthly – and still qualify? I think things go different for me and my family if I have a business investment. These are especially convenient since Greece has no physical residence requirement and a hands-off approach appeals to a number of investors. Newly approved residents cannot work in Greece, but they are free to register and set up their own businesses in the country. Sort by: Golden Visa SUPER LOCATION €305,000; Golden Visa SUPER LOCATION In the Shadow of Acropolis. More Details 65 m2 2 Bedrooms 1 Bathroom. Do you not have access to the European Union but think it would be a great Plan B for yourself and your family? Is it possible to obtain more than one piece of property, the individual value of which is less than €250.000, if the combined value is equal to or greater than € 250.000? Or can I go directly from a non-European country to a European country? Yet, seeing how foreign investors often prefer to invest in financial instruments other than real estate investments, Greece introduced seven more investment options at the end of 2019. Hi, if you are planning to include your family members into your application, you may apply together with them so that you can obtain your residence permits at the same time. . If we make them joint ownership we purchase for Euro250k for the property can they get golden visa citizenship. The Greek Golden Visa program requires that you make the investment prior to submitting your residence application, so a visit to Greece is pretty much inevitable. They sure can. Especially shares or bonds. Even though there are many benefits to the Greek residence by investment program, there are also some drawbacks that you should consider before you apply. golden visa greece ? House in Crete with sea View and private pool For Sale. This step consists of executing the ‘Legal Due Diligence’ of the property by a lawyer on your behalf. It received 364 applications in 2014, and 7,550 in just the first quarter of 2020 – more than twenty times as many. We’ve left the oldest option, and the most popular Greek investment option for last: direct real estate investment worth at least €250,000. When compared to other RBI programs currently operating, Greece’s property taxes are high. Unless you want to be chained to a desk and fill out paperwork, that is. You can include your family in the residency program. Every five years, you are required to renew your residence permit. The program has already raised over $3 billion (2020). You won’t have to pay Greek tax. What’s the next step to start with this option?? The residence scheme allows you to include your spouse and children under the age of 21 in the program. I would suggest talking to our team in Lisbon. This would give you the added benefit of being able to live and work in the Schengen area, not just traveling within its borders. They are well experienced in real estate investments in Portugal. Thank you! I am inquiring about the 10 years lease contract in hotel or furnished tourist in integrated resort, Golden Visa in Greece video tutorial ; Golden VISA Investement (for more details, please click here) Golden Visa in Greece – Residence by Investment (for more details, please click here) Legal guidance on residence permits designated for non EU citizens owning property in Greece of a value exceeding €250.000 We Speak The Same Language . אישור תושבות גם לילדים עד גיל 21 ולהורי המשקיע. There are no nationality restrictions for participating in the Greek Golden Visa program. Enough said. It’s got a solid education system, dependable medical facilities, and some of the lowest crime rates in Europe. I want to get residency because free movement but I don’t want to live in Greece permanently. Top-notch standard of living. Thank you for all the information . The Greek Golden Visa program requires the lowest investment compared to other real estate residency visa programs in Europe, making it the most popular one. The Greek Golden Visa program garnered approval and foreign interest very quickly for two reasons: 1. The investment is slightly more at €330,000 and the process takes a bit longer (3-4 months). If you choose to go with another investment route and not real estate, you will still need to go to Greece to give power of attorney to a representative and open a bank account. Hello Tracy, Greece has the Double Taxation Treaty which means that income received from countries outside of Greece is not subject to any taxation. This entitles foreign property owners in Greece to obtain a residence permit in the country. Thank you so much for your comment and for pointing out our mistake. “You won’t be able to legally work in the EU.”. It’s said that our children will have access to both state and private schools and universities. The Greek Golden Visa allows you to live in Greece and travel across the Schengen region, without a visa. As of 2021, the Greek real estate market is expected to adjust in an upward trend. Hi! Get Golden Visa is a full-service investment immigration agency & investment advisory company. Every five years, you can apply to renew your Golden Visa residence card, making it easy to access the permanent residence. Process of issuing Golden Visa. While the residency and the benefits it brings are the things most often highlighted when talking about RBI programs, don’t forget about the investment part either. And, if you want to apply for citizenship, you will need to pay Greek taxes for seven years. If you are interested in obtaining residence in Europe, Golden Visa programs are the way to go as they will allow you to capitalize on your investment. Plus, property developers now have projects in Athens, Back in 2013, Greece’s economic situation was still. If you’re an avid investor, a residence by investment program can open up many doors and provide you with numerous opportunities to grow your net worth. Greece, the cradle of democracy and the origin of western civilization, truly has an illustrious past. I would assume that this is the same throughout the EU. It is designed to attract foreign non-Eu citizens to obtain the right of residency and/or citizenship in Greece. In fact, applicants spend 20% more than the bare minimum on real estate in Greece, at approximately €300,000. 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. I am worried about one day if the Greece governments decide to cancel this golden visa law after I do investment and get this visa, can I still stay in Greece legally and have a chance to apply for the Greece passport? as well clear their motive, and that is also happening In no case does the permit provide access to any type of employment in the country. The highest number of applicants came from: In order to qualify for a Golden Visa in Greece, you must meet the following requirements: As of 2021, you no longer need to visit Greece in person in order to apply for your Golden Visa. Save my name, email, and website in this browser for the next time I comment. Investors who own real estate have the right to rent their property. In that case, does it have to be under registered company? This document will be valid for a year, allowing you to live in Greece and to freely travel in the Schengen area. continuously i used to read smaller content which Mike. Buy shares, corporate or state bonds worth €800,000, 6. 2020 Wealth, Tax Planning & Immigration Virtual Expo United States If investors jointly buy a property for €2.000.000, are all the joint owners entitled to the Visa by investment program? Greek Golden Visa Law changed on 23.12.2020: You can now apply for the program completely remotely. Greece’s Golden Visa program is the cheapest one in Europe. However you can set up business if you’d like to. So sorry about the confusion! The Greece Golden Visa. The property or properties – you can buy as many properties as you’d like as long as you hit the minimum required investment – can be residential or commercial. Thanks to a change made in the Greek Golden Visa program on December 23rd, 2020, you can now apply for the Greek Golden Visa program completely remotely. We are living in Egypt now. אישור תושבות קבע ביוון ל-5 שנים. During the period when their Greek residence permit is valid? Theoretically, if you don’t live there, you will not be liable, but tax planning is still required. Your email address will not be published. There are no nationality restrictions for participating in the Greek Golden Visa program. The Greece Golden Visa was born. In the case of jointly owned property, worth 250,00… Do I need to travel to Greece to apply for a Golden Visa or Can I apply remotely? I try to evaluate all golden visa programs and decide which one is the best. Overview of residency and citizenship by investment programmes by country. Golden Visa Greece, Αθήνα (Athens, Greece). This will bring the added benefits of being able to not just travel to but also live and work anywhere in the European Union. The country has numerous initiatives and you can read all about them on their. . If you’re a legal resident of Greece, you will be able to travel anywhere in the Schengen area without needing a visa. Learn how your comment data is processed. What should the value of the investment be if the ownership/sale document includes the name of both spouses? Hi Şebnem, it’s only possible to reside in Greece not in any other country with the Greek Golden Visa. As a matter of fact, there is no minimum stay requirement either. I want to apply for residence with my family. Before you initiate the application process, it would be smart to check that you’re eligible. Have you always wanted to have access to Europe to enjoy its lifestyle and investment opportunities, but the price tag of getting a, Numerous countries, including a number of European ones, offer legal residency to people who invest in their country. Portugal and Greece are the most popular golden visa schemes in Europe. Then, you need to make an exit, before you enter again. 335,000€ - Property for Golden Visa in Greece, Villas for Sale Greece. With European residency programs (like Greece, Ireland, and Latvia) you will be allowed to live, work, study, and so on only in the country that’s issued you the residence permit. Dear Get Golden Visa Team, You quote this regarding taxation – “Of course, if you spend most of the year there, you become a tax resident in Greece and must pay taxes”. As always, you should consult a professional before you choose which investment is the right one for you, as well as choosing where to obtain your residency. Hello Z. Eagy, please fill out the contact form on our website so one of our consultants can reach out to you regarding your inquiry. Can UK Citizens owning a property purchased for 250k euros in 2019 apply for a golden visa now even though the Brexit transition period lasts until the end of 2020 and the post Brexit rules are unclear. Could you advise on whether position if a golden visa would make taxation on our world wide income mandatory in Greece or can we continue to live in Greece but pay tax in to the UK system? You should also open a bank account and get a tax identification number issued. So, while they can advertise that you’ll be able to apply for its citizenship in seven years, it doesn’t mean that they will grant it to you. 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. 285,000€ - Luxury Villas Greece, Property for Golden Visa in Greece, Villas for Sale Greece. So my question is if after I become a Greek resident and I want to travel abroad outside Schengen countries, can I use my Greek residency permit to apply for the visa to travel to that destination country? Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. The Golden Visa gives you the freedom to travel across the Schengen zone without the need for an additional visa. Obtain residence by investment in Greece and get visa-free access to Europe. The Greece Golden Visa 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. Luckily, there has been a. implemented in Greece for high-net-worth individuals. Apply for naturalization. Greek Exclusive Properties offers you the best Apartments for sale in Athens for Gold Visa (Golden Visa Greece), Ideal for EU Residency Visa or for Airbnb use. As a European Union state, Malta’s golden visa scheme includes visa-free Schengen Zone travel. Given the relatively low investment requirement, combined with the fact that no minimum in-country stays are enforced, the program is an excellent option for families wishing to gain a back-up … There are several investment types that qualify you for a Greece Golden Visa. Yes, as of January 1st, 2021, post-Brexit, British citizens from the UK can now apply for Golden Visa in Greece. The residence permit allows the applicant to live in Greece but not to work. History. Portugal The residence permit allows us to live but not to work in Greece sadly. Expats get a residence visa that is renewable every five years. I am South African on an EU residence permit in the Netherlands and we have visa-free travel as the residence permit replaces your visa in a sense. I will also want to get residence permit for my children. Required fields are marked *. Learn more about it here. Since we are going to be greek resident , they also will have access to universities in other European countries. Needless to say, not many people have been able to take advantage of these options purely because they are so new and the financial organizations haven’t been able to adapt their offering to foreign investors. In other words, you could become a, not all RBI programs are created equal. Luckily, there has been a new lump-sum tax system implemented in Greece for high-net-worth individuals. Golden Visa in 2014 The Goverment of Greece introduced to Third -Country citizens, a procedure to obtain residence permit to those who wish to own real estate property with value of which exceeds €250.000. Buyers of real estate of a minimum value of €250,000. Does the amount of €250,000 include the Value Added Tax? The Greece Golden Visa a residency by investment program launched in 2013. Jovana is our lead R&D Associate at Nomad Capitalist. Here’s a graph detailing the steps and timeline: A successful Golden Visa Program application requires the following documents: In some cases, the authorities may request additional documentation. Many thanks. Hi Olivia, it depends on your investment objectives. The country actually raised property taxes by some 700% during the economic crisis, and no one can be sure it won’t do it again. Hi Shanon, (ie, can I keep adding till I have 250k? All in all, budget for at least €25,000 in addition to the main investment when you apply for your Greek residency. GET A GOLDEN VISA FOR GREECE Invest in the right time, in the right place, for the right reason INVESTMENT OPPORTUNITIES IN GREECE. This provision also includes visa-free travel to Switzerland, Liechtenstein, Norway, and Iceland. Hello Talia, please fill out the contact form here: https://getgoldenvisa.com/contact so one of our consultants can help you decide which country’s Golden Visa program is the most suitable for your future plans with your family. Free movement but I have a question cheapest Golden Visa golden visa greece in is... Residency and/or citizenship in just five years – indefinitely – for as as... Finish the rest of the 27 European countries at the moment requires 250.000 euros invested in estate. Just travel to other RBI programs will allow the permanent resident of the United.... Are individuals from Greece to apply to obtain Greek Golden Visa in Greece bank! ” include freelance activity businesses in the country addition to the uncertainty around Brexit 10-year lease of value... For Greece is optional if you live in Greece through an investment in Greece t able! 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Country ’ s parents and parents-in-law can also take any legal actions that are needed to finalize your is.

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