Greece Golden Visa- Family Benefits, Investment Options, Requirements To Apply

What makes you eligible for Greece golden visa? Investing EUR250 000 or more in a Greek property will get you a Golden Visa for yourself and your family, and you can travel visa-free within the Schengen zone. Even better, you don’t have to live in Greece to qualify. As of 2022, more than 28,000 investors will have benefited from the program, generating over EUR6 billion of foreign direct investment in a matter of years.

Family benefits:

Applicants of the Greece Golden Visa program can enroll their spouse and dependent children under 21 years of age. Furthermore, extended family members are eligible for benefits, including in-laws and parents. Greece offers one of the lowest investment thresholds in Europe, which means that a non-tax resident will not be subjected to tax on worldwide income. However, this requirement is not high enough to qualify as an investment opportunity. Therefore, applicants should consider the Greek residency requirements carefully.

Investment options:

Investing in real estate is one of the most popular ways to qualify for a residency permit in Greece. This program is available to foreign nationals who purchase assets in the country worth more than a certain amount. Obtaining a residence permit in Greece through this route is the fastest and easiest way to become a permanent resident in Greece. In addition, the threshold for investment options is lower than in many other countries in the European Union.

Requirements to apply:

Investing in a business in Greece can help you obtain a Golden Visa. A business permit grants you access to the labor market, but you must have a certain amount of investment before you can apply for one. You must also make sure that you have a valid visa for Greece before you can apply for a residence permit. These are the main requirements for an applicant to obtain a residence permit.

Requirements to renew:

Those who wish to continue living in Greece may wish to know the requirements for a new golden visa. Although the golden visa program does not grant citizenship, it does offer benefits to those who do. Among these are tax incentives and the ability to purchase property in Greece. Unlike other EU countries with Golden Visa routes, the threshold for investment is much lower in Greece. As long as you earn at least EUR250, 000 from your property, you can get the permit for up to seven years.

By Deanna