You can also read our Greece travel advicefor our latest guidance. By joint decision of the Ministers for the Interior and Finance, the value of the above real estate property may be adjusted and shall result from the property value stated in the contracts or from the lease agreements. Please download here a Brief Guide to Residence Permits for investment activity in Greece, edited by Enterprise Greece, in the following languages: English, Greek, Chinese, Russian, Arabic and Turkish. The Greek residency-by-investment programme is considered one of the most affordable programmes providing fast-track access to Europe within 2-3 months. Above all, The program entails investing in Real Estate and some other forms of investment. Purchase of shares of an acquisition value of at least four hundred thousand (400,000) euros in a mutual fund, which has been established in Greece or another country and whose object is to invest exclusively in shares, corporate bonds or Greek Treasury bonds that are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece. The property, which can be located anywhere on the Greek mainland or the islands, can be either residential or commercial. Greece is a member country of the Schengen Area since January 1, 2000. The ability to travel in Europe is one of the top goals for many seeking residency-by-investment programs, and one of the least expensive and easiest ways to obtain it is in Greece. 1. If you choose Greece Program you will get access to higher education for you and your family. Contact us today and let's make a chance for a better life, together! 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. 4. Its official language is Greek and its official currency is the Euro (EUR). 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. Receive your Greece citizenship and Greece passport through an investment in the country. Situated at the junction of Europe, Asia, and Africa, Greece is regarded as the cradle of democracy and the birthplace of western civilization. New CITIZENSHIP program in Greece coming soon. Enterprise Greece is the official agency of the Greek State, under the auspices of the Ministry of Foreigh Affair, to promote investment in Greece, exports from Greece, and make Greece more attractive as an international business partner. 3. 2. Invest € 250,000 in real estate and get a residence … 1. The Greek Immigration by Investment programs provide for affluent persons of impeccable standing and repute, including their families, to receive the Greek residency or citizenship (EU passport) on the basis of an investment in Greece. It is not necessary to live in the country in order to retain and renew the investor visa. There is no minimum stay requirement and children up to the age of 21 are included in the family application. For more information on how to obtain a residence permit in Greece, please contact us. Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. Joint buyers can combine investments into one property. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Real Estate Investment Company (REIC) under article 21 of Law 2778/1999 (OJHR A-295), whose object is to invest exclusively in Greece, for the acquisition of stock in an increase of its capital stock. (c) has the full ownership, possession and peaceful enjoyment of real estate property in Greece via a legal entity, whose shares are fully owned by him. To the third-country national, to whom has been granted a visa for the realization of an investment, a residence permit shall be granted for the same reason, on procurement of the required documents. Purchase of the real estate property for a minimum of €250 000. This decision can be reversed. For the granting of the residence permit, an application with the required documents is submitted to the Directorate for Migration Policy to the Ministry of Interior, as these are defined, by the provisions of Article 136, par. 1, may be accompanied by the members of their families who are granted a residence permit for family reunification, expiring simultaneously with the residence permit of the sponsors. The VAT level varies dependent on the region and is between 16-23%. The session cookie is required for authentication, preference tracking, and other necessary functions to fully engage with this website. This website uses cookies to manage authentication, navigation, and other functions. 5. Greece offers a straightforward residency route, with no minimum stay requirement. In the residence permit of third-country nationals referred to in paragraph 1 of this Article, it shall be stated “Residence permit for investment activity "and in the" Remarks " the professional status of the holder shall be referenced. Greece is a member of the EU Schengen visa zone so holder of the Greek residency permit has the freedom to travel throughout the European Union nations. It is a cradle of democracy, philosophy, western literature, drama, mythology, science, Olympic Games etc. This route provide for non-EU persons to receive Greek residency on the basis of investing in property in Greece. YOUR CHANCE FORA BETTER LIFE This is why it is one of the more popular Golden Visa programs. Greece is a country with 131,957 km² area and with the population of 10.8 million people. The visa is granted for five years and renewed every five years if the property investment is retained. The Golden Visa Program in Greece is an investor visa and it can be renewed indefinitely as long … Citizenship or residency are available to qualified investors who contribute to the economy through an investment in government-approved assets or economic development initiatives. Click here to see full Cookies Table. (d) has concluded an agreement for at least a ten year lease of hotel accommodation or furnished tourist residences in tourist accommodation complexes, pursuant to Article 8 par. 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. The Directorate for Migration Policy of the Ministry of Migration Policy is responsible for the examination of the application and the decision on the issue or the renewal of the residence permit for the realization of investment activity. The above third-country nationals, by way of derogation from the provisions of Article 70, par. The official language is Greek and English is the most widely spoken foreign language. (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. 4. Please download here a Brief Guide to Residence Permits for investment in securities or a bank deposit in Greece, edited by Enterprise Greece, in the following languages: English, Greek, Russian, Chinese, Arabic and Turkish. Call us: +66 99091 8357 Any number of properties can combine to make up the €250,000 minimum investment. Residency by investment programme overview . Investing in Greece and especially Athens, has gained significant traction and popularity with the ever-increasing demand from International investors, to buy Greek properties as a tool to enter the Golden Visa residency-by-investment Programme. The law provides a renewable five-year Greek residency visa for foreign nationalities that invest at least € 250,000 in residential properties located in Greece. Please download here a Brief Guide to Residence Permits for real estate owners in Greece, edited by Enterprise Greece, in the following languages:English, Greek, Chinese, Russian, Arabic and Turkish . The residence permit granted to the above non-EU/EEA citizens does not entitle them to work in Greece. The residence permit shall be issued within five (5) days from the date that the application was submitted. The minimum value of the real estate property, as well as the contractual consideration of hotel accommodation or tourist residences leases of this Article, is determined at two hundred and fifty thousand (250,000) euro and must have been paid in full upon the signing of the contract. Full Investment: € 250,000: For a full breakdown of the government fees, legal fees and other fees payable, please contact us. In the case of jointly owned property, worth 250,00… Focused on you - our Client. You will enjoy Greek gastronomy and a beautiful natural environment every day. greece-residency-investment. Purchase of shares, corporate bonds, or Greek Treasury bonds, which are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece, of an acquisition value of at least eight hundred thousand (800,000) euro. You have allowed cookies to be placed on your computer. The application is then submitted to the official Directorate of Immigration. The residence permits, being granted pursuant to the paragraphs 1 and 4 of this Article, do not establish the right of access to any form of employment. (We are a designed Agent of the Government.). The visa is granted for five years and renewed every five years if the property investment is retained. Greece offering residency without citizenship. - family members of the non-EU/EEA citizen. Greek Residency by Investment. Remove Cookies GREECE. Family members shall mean: a. There is no minimum stay requirement and children up to the age of 21 are included in the family application. 4. The Residency Permit Program of Greece requires investing a minimum of €250,000 + VAT into Real Estate in Greece. COPYRIGHT © 2020 ENTERPRISE GREECE - ALL RIGHTS RESERVED, Industrial, Consumer & Construction Product Exports. In an effort to handle the ever-increasing demand for residency by investment applications, the Greek government has announced some interim measures in order to lessen the processing times of investor Golden Visa applications. The political system is a parliamentary republic. Residency by investment in Greece. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a company headquartered or established in Greece, except for Holding Companies and Real Estate Investment Companies, for the acquisition of stock in a capital stock increase or bonds upon the issuance of a bond loan, which are listed for trading in regulated markets or multilateral trading facilities operating in Greece. Recent Articles. 6. GREECE PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit : - Investment in real estate by 250,000 Euros. (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; Years for Permanent residence … Other important cities are Thessaloniki, Patras, Heraklion and Larissa. Greece Residency by Investment. 1. Greeks comprise 2.1% of the total EU population. GREECE RESIDENCY BY INVESTMENT PROGRAMME BENEFITS. Reconsider Cookies Term deposit of at least four hundred thousand (400,000) euros, in a domestic credit institution, for at least one year, with a standing renewal order. Greece is one of the nicest country in Europe that has amazing investment opportunities. The return on capital for rent in Greece is around 6-9%.Greece is a member country of the EU since January 1, 1981 with its geographic size of 131,957 km², and population number 10,858,018, as per 2015. 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. 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. Change Cookie Consent A person entre into a timeshare agreement or rent for accommodation in hotels or tourist residences furnished in a tourist facility Joint in Greece for a minimum of 10 years the same amount not less than 250,000 euros. 1, may be accompanied by the members of their family, being granted residence permit for family reunification, expiring simultaneously with the residence permit of the sponsors, as well as by the support staff, in the case of people with disabilities. 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, - shareholders or executives of a foreign legal entity that makes an investment in Greece in securities or a. bank deposit (up to three residence permits are granted depending on the amount of the investment). €250,000 investment in real estate, anywhere in Greece Children under 21 included together with your spouse and both sets of parents 3 to 6 months to residency for the applicant and dependents The entrance and residence of third country nationals is permitted in Greece, for the purpose of making an intangible investment in Greece in specific forms of securities or a bank deposit exceeding the value of €400,000, either as individuals or through legal entities. 11 operating in Greece”. Property Closing Costs are approximately 10% . The above third-country nationals, by way of derogation from the provisions of Article 70, par. It’s worth pointing out that the Greek Real Estate Investment Visa Program doesn’t suit everyone. The visa is granted for five years and renewed every five years if the property investment is retained. Third country nationals, being subject to Chapters A and B of this Article and legally residing in the country, are not obliged to leave Greek territory in order to apply for a residence permit. View costs. You may find relevant information on the Ministry for Migration and Asylum website as well as the Enterprise Greece website (Residence Permits – Enterprise Greece – The Official Investment and Promotion Agency of the Greek State). III. "The resale of the real estate property during the period of validity of the residence permit, to another third-country national shall provide the right to the granting of residence permit to the new buyer with simultaneous withdrawal of the vendor's residence permit.". “ The consideration is paid by a crossed bank cheque to a bank account of the beneficiary, held in a credit institution operating in Greece or with a credit transfer, as defined by Law 4537/2018 article 4, par. Economic activity in Greece with a minimum investments of €300 000. The Immigration and Social Integration Code (Law 4251/2014, Government Gazette 1, no 80) contains provisions that facilitate the stay of third-country investors, whose investments are characterized as strategic investments, via the provision of extended stay time limits for the representatives of investment bodies and their partners. Moreover, it allows the granting of residence permits to third country nationals and to members of their families, who purchase real estate property in Greece, the value of which exceeds € 250,000. 1. The above third-country national may be accompanied by the members of his family to whom, at their request, an individual residence permit is issued, that expires together with the residence permit of the sponsor. The applicant investor would also get a right to work in Greece as well as in all the Schengen countries. Purchase of shares or stock of an acquisition value of at least four hundred thousand (400,000) euro in an Alternative Investment Fund (AIF), which has been established in Greece or another Member State of the European Union and whose object is to invest exclusively in real estate in Greece, provided it is included, upon its request, in the list compiled by the Foreign Funds Directorate of the Ministry of Development and Investment in cooperation with the Hellenic Capital Market Commission. The country’s history dates back to 800 BCE and has significantly influenced the language, arts, philosophy, politics, and physical pursuits of the modern world. 1, in the Joint Ministerial Decision. The above permit may be renewed for an equal duration, each time, provided that the real estate property remains in the ownership and possession of the third-country national or the agreements of paragraph 1 of this remain in force and all other requirements, provided by law, are fulfilled. In all other cases of joint ownership, the right of residence is granted only if the joint ownership rate of each joint owner is worth 250,000 euro. The Greek Golden Visa Program is the lowest cost residency program within the European Union, offering fast access to the European Schengen Area. Purchase of Greek Treasury bonds, with an acquisition value of at least four hundred thousand (400,000) euros and a residual duration, at the time of purchase, at least three (3) years, through a credit institution established in Greece, which is also their custodian. On the motion of the Directorate of Foreign Investments of the Ministry of Economy and Development, concerning the characterization of the investment and the feasibility of granting residence permit, the entry and residence of third-country nationals may be permitted in Greece for the implementation and operation of the investment. Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Venture Capital Company (VCC) under article 5 of Law 2367/1995 (OJHR A-261) for the acquisition of stock, or capital contribution to a Venture Capital Fund (VCF) under article 7 of Law 2992/2002 (OJHR A-54) for the acquisition of stock, provided that the object of the said Alternative Investment Funds (AIF) is to invest exclusively in companies headquartered or established in Greece. 6. Contact through WhatsApp as well, or write a Email. Note: The statistical data provided correspond to/reflect the valid residence permits at the moment of their extraction from the database of the Ministry of Migration and Asylum.Therefore, at any subsequent data extraction, the number of valid residence permits per month or per year may increase, given the fact that pending applications are examined by the competent services during the period between two consecutive data extraction dates and relevant new residence permits are issued, with an effective date retroactively corresponding to the date of submission of the application by the interested party. Greece is one of the nicest country in Europe that has amazing investment opportunities. Greece is one of the most influential and ancient civilizations of the world. Greece Residency Golden Visa Program. You should follow the advice of the Greek Government and your local authority. 5. In the case of jointly owned property, worth 250,000 euro, the right of residence is granted only if the owners of the property are spouses with indivisible shares in the property. This decision can be reversed. 2 of Law 4002/2011 (Government Gazette 1, no 180). TCME - Group worldwide with its Departments GCI - Global Citizenship Investment, Offshore Company Formation, Eastern European Investment, executive Search, IT & Cyber Security Protection, Foreign Economic Relationship is a global leader when it comes to this matter, they know everything about planning second residence and citizenship. APPROVED INVESTMENT OPTIONS. 2. Our clients are successful businessmen and their families you think smart about their future. Greek Residency by Investment Program has a rather easy to follow list of instructions. Once citizenship is granted, the applicant may live, work or study in any of the member countries of the European Union. First of all, the applicant must apply for an entry visa to Greece through the standard visa procedure. Social & political security! If the Secretary-General approves the application, the investor and family will receive the residence permit. 7. Please download here the whole of Law 4251/2014 "Immigration and Social Integration Code and other provisions", which includes all other categories of residence permits. Το third country nationals, real estate property owners, the possibility of leasing that property is granted. It has about 11 million inhabitants and its capital and largest city is Athens. When researching the programme it is important to work with professionals who will show you profitable investment opportunities in Greece to … Greece’s currency is Euro (€) since it became a member of the eurozone on January 1, 2001. Depending on the amount and the characteristics of the investment, up to ten third country nationals may enter and reside in the country, including the investors, for the implementation and operation of the investment. 2. Greece immigration by investment programs. Applications can be fast-tracked and there's no requirement to permanently reside in Greece. Timeline Week 1-2. Although, Greece is a great place to reside for individuals and families. OFFICIAL WEBSITEGREECE ECONOMIC CITIZENSHIP BY INVESTMENT______________________. The above are granted, by decision of the Minister for the Interior, a ten-year residence permit, which is renewed for ten years, provided the same requirements are met. 2. Suitable for: Individuals who are looking for permanent residency for themselves and their families in an EU country, but who are also looking for opportunities that’ll yield good returns. Greece has been a member of the EU since 1981 and the eurozone since 2001. - GCI Global Citizenship Investment part of TCME Group worldwide -, GREECE ECONOMIC CITIZENSHIP BY INVESTMENT, A GREEK CITIZENSHIP BY INVESTMENT PROGRAM COULD ARRIVE SOON. Firstly, due to the recent economic crisis, a lot of Greeks are cautious about investing in property. But with less TAX, cheaper Living cost and 360 sun days! 8. For financially independent persons. The applicant for Golden Visa Residency in Greece by investment and the members of his/her family did not have a criminal record in the past and are not included in the Greece Undesirable Persons Catalog. You have declined cookies. 1. The five-year residence permit may be renewed every five years thereafter provided the applicant still owns the property. This is granted through the Greek embassy or consulate within the home country of the applicant. First things first, investors must choose a property and hire a lawyer to verify the property documents over the following month (to authenticate the title certificate and ensure there are no encumbrances or debts associated with the property). Launched in July 2013 the Greek golden visa program grants a five year residency visa in return for an investment in real estate. The application and the required documents, as specified by the Joint Ministerial Decision, referred to in paragraph 12 of Article 136, are submitted to the Greek Consular Authority of the area of residence of the interested persons, which, within one month, forwards them to the Directorate of Foreign Investments of the Ministry of Economy and Development.The above Directorate, within a month, examines the application and forwards the relevant motion to the competent Consular Authority in order for the required national visas to be issued. Copyrights © 2019 All Rights Reserved by GCI - Global Citizenship Investment. Existence of a Greek bank account from €24 000. Greek Real Estate Investment Visa Program. European But Not EU Member States’ Residency by Investment Programs 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. Living & Working: Residents may only live in Greece. Greece citizenship is an perfect Option for EU and on the same Level of visa free Countries, like Germany. The name of the session cookie is randomly generated. Greece holds 21 seats in the European Parliament and held the revolving presidency of the Council of the EU 5 times between 1983 and 2014. Spouses b. the other spouse or partner with whom a third-country national has a cohabitation agreement in Greece c. The direct unmarried descendants of the spouses, who are under the age of 21 d. the direct unmarried descendants of the supporter or of the other spouse/partner , provided that their custody has been legally entrusted to the sponsor (for his/her children) and to the other partner (for his/her children), under 21 years of age e. the direct relatives of the spouses in the ascending line. Greece offers 3 ways of your participation in the state investment program “Greek residence permit”. GREECE. 3. 3. 24 (Official Government Gazette Α΄ 84) to a beneficiary’s bank account held in a payment service provider, as defined by Law 4537/2018 article 4 par. Greece offers investors an affordable and straightforward option to acquire Greek residency and by extension, visa-free travel access to the Schengen countries and is one of the most effective residency by investment programmes. Greece Investment Immigration Programs Overview. 2. Launched in July 2013 the Greek golden visa program grants a five year residency visa in return for an investment in real estate. Greece Golden Visa ⏩ MIGRONIS Greece Permanent Residence Permit by Investment ☝ Visa-free access to Schengen Area! Its capital is Athens and the official language is Greek. The above visa is issued free of charge, on the procurement of the decision of the Interministerial Committee of Strategic Investments, which characterizes the investment as "Strategic Investment" and the motion of the Secretary-General for Strategic and Private Investments referring to the relation of third country nationals with the entity realizing the strategic investment . Periods of absence from the country shall not disrupt the renewal of the residence permit. (e) has concluded a time sharing agreement pursuant to the provisions of Law 1652/1986 "Time sharing agreement and related issues" (Government Gazette 1, no 167), which is in force. Residence permits to investors/real estate owners - Top 10 countries, Source: Ministry οf Migration and Asylum General Secretariat for Immigration Policy, Residence permits to investors/real estate owners per year, Source: Ministry οf Migration and AsylumGeneral Secretariat for Immigration Policy, Residence permits to investors/real estate owners and their families per year. The lawyer will later assist in paying the taxes related to the property purchase. There is no minimum stay requirement and children up to the age of 21 are included in the family application. II. However citizenship can only be granted after seven years of residency. Greece is one of the best options for the second passport if you want to get citizenship in Europe because the real estate investment prices are cheaper than Portugal for example. Like Germany investors who contribute to the recent economic crisis, a lot of Greeks are greece residency by investment official website about investing real... 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