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Greece Golden Visa and Investment Visa

Greece Golden Visa and Investment Visa

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How To Apply For A Greece Golden Visa

The Greece investment-for-residence-visa has opened up a new world of opportunities for non-EU citizens who want to call the azure waters of the Aegean their home. Follow this guide to find out how to make Athens or Santorini your new home.

Popularly referred to as a Greece Golden Visa, this is one of the most popular investment-for-residence programs in all of Europe, as it may lead to citizenship, which would mean that the holder would then have access to the entire European Union. Other countries that offer a similar investment program that eventually may lead to residence permits include Spain, Portugal, and Malta.

As you may well imagine, any travel document that grants permanent residence in one of the most popular Schengen zone countries is not going to be easily obtained. But fear not, we are here to guide you on your journey to Greek residency and ultimately Greek citizenship.

If you need any information on other visas to Greece, make sure that you check out our Comprehensive Guide To The Greece Visa Process. In it, we'll discuss all the visas available for travel to Greece, as well as a guide to the entire application process.

In this article we’ll be looking at the following:

  • Why Should You Consider A Greece Golden Visa?

  • What Are The Requirements For Applying For A Greece Golden Visa?

  • What Are The Investment That Are Available Options For Your Greece Golden Visa?

  • How Can I Apply For A Greece Golden Visa?

  • Finally, we’ll look at some of the most commonly asked questions when it comes to Golden Visas To Greece.

Why Should You Consider A Greece Golden Visa?

The Greek Golden Visa Program Is One Of The Least Expensive In All Of Europe

There are loads of benefits that come with a Greece Golden Visa program. The cost of the Greece investment-for-residence visa is relatively low when compared to other countries offering permanent residency and investment programs.

You Can Include Family Members On Your Greece Golden Visa

The Greece Golden Visa also comes with the ability to include your family. Family members that can be included are the main applicant's spouse, unmarried children under the age of 21, and the applicant’s parents, as well as their spouse’s parents, provided that these individuals are dependents of the applicant. In some cases, a child older than 21, but no older than 24, can be included if they are still studying.

All Members Included On A Greek Golden Visa Will Enjoy Visa-Free Travel through the Schengen Zone

Everyone who is included on a Golden Greece Visa will enjoy visa-free access to the entire Schengen Area. There is also no requirement that states you must permanently live in Greece to enjoy these perks, and you are also allowed to rent out your property after purchase.

You Do Not Need To Live In Greece Permanently

The Greek Golden Visa program allows you to live and work in Greece, visit Greece at any time, and you’ll have access to Greek education and healthcare, not too bad for a once of investment.

The Greek Golden Visa Program Can Make You An EU Citizen

Finally, one of the biggest reasons people invest in the Golden Visa to Greece is because it provide foreign investors with a clear and achievable path to become a Greek, and ultimately, EU citizen. As soon as you have EU citizenship you’ll have access to the EU free market and enjoy visa-free travel to loads of countries.

What Are The Requirements For Applying For A Greece Golden Visa?

The application process for such a powerful visa is never going to be straightforward and the applicant will need to demonstrate due diligence in the process. First off, let’s look at who’s eligible for this visa:

  • To be eligible for a Golden Visa to Greece you’ll need to be over 18

  • You’ll need to have a clean criminal record in the country where you are currently a resident

  • You must have valid medical insurance from a company operating in Greece

  • You must make an investment in Greece. The type of investment may vary, but the least expensive option is property investment for a total of EU 250,000.00

What Type Of Investments Are Available for A Greece Golden Visa?

There are a couple of investment options available. Below we’ll look at them, as well as the supporting documentation you’ll need when applying for the visa:

Buy a real estate property for a minimum value of EU 250,000

This is the minimum investment acceptable. To qualify for the Golden visa with this investment, the applicant will need a contract of property purchase that shows that there are no conditions or exemptions in the purchase, and it must show the payment made in full. The method of payment must also be indicated.

The applicant also needs to show proof of contract transfer by the Greece land registry and a certificate issued by the land registry that shows that there’s no impediment relating to the purchase.

Sign a 10-year time share or lease agreement with a hotel or tourist establishment.

For an applicant to prove that they are renting an establishment they’ll need to provide a contract for a minimum period of 5 years that states the corresponding price for the rental per year. They must also provide proof of registration, issued by the land registry. Finally, they must also provide a certificate issued by Greece’s National Tourism Organization which states that they have been informed of the contract.

Invest In A Company Registered In Greece

The applicant can also make an investment in a company registered in Greece, but this investment should be at least EU 400,000

Invest In Greek Government Bonds Or A Greek Bank

The EU 400,000.00 investment can also be in Greek Government bonds or a Greek Bank.

For investments in a registered company, government bonds, or a Greek bank, the applicant must provide the following:

  • Documents that detail the company/bank/government entity receiving the investment.

  • Documents that detail the project that has been invested in, if applicable

  • The location of the project, if applicable

  • A complete timeline of said investment and its implementation

  • The budget of the project invested in

  • A feasibility study of the project invested in as well as a cash flow forecast

  • A report detailing the number of jobs that the invested project will create

  • A short CV of the applicant

  • A document detailing the applicant’s position within the project invested in.

These documents only serve to prove that the required investment has been made. For a list of the other required documentation, please see the section below. It is worth remembering that the Greek authorities may request any number of additional documents apart from those mentioned above.

What Documents are Required For A Greece Golden Visa Application?

Apart from the investment documents mentioned earlier, you’ll also need:

  • An application form that has been completed, dated, and signed. You can obtain this form from your nearest consular office in the US

  • Two passport pictures of yourself. Make sure that they follow the requirements.

  • A valid passport with a copy

  • Proof of health insurance for each individual to be included on the visa

  • Receipts of relevant government fees

  • A Bank account statement to prove the availability of funds

  • The relevant documents to support the type of investment.

All of the documents that you submit must be translated into Greek. This translation must be done either by the official Translation service of the Ministry of Foreign Affairs or by an attorney who is part of the Greek bar association. The documents must also be certified at a Greek consulate in your current country of residence.

How To Apply For A Greece Golden Visa

Once you have all of the relevant documents gathered, translated, and certified you can proceed to the actual application process. To apply you’ll need to travel to Greece, as the only authority that processes these applications is the Alien and Immigration Department of the Decentralised Authority in Greece.

To be able to travel to Greece you’ll need an entry visa. To help you determine which visa suits your purposes best you can read our complete guide on the different visas for Greece.

When your entry visa is approved you can travel to Greece and submit your application to the Alien and Immigration department. After this, you’ll need to wait for the result of your application. The processing time for this is usually no longer than 3 months.

If the application is approved, you’ll have to travel to Greece again in order to submit your biometric information. Considering this, it might be a good idea to apply for a multiple-entry national visa to Greece to ensure that you do not have to apply for another visa to enter Greece.

After all of this is complete, you’ll receive a Golden Visa residence permit that will be valid for 5 years. You can renew this 5-year visa every 5 years, provided that your investment is maintained.

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Atlys strives to keep its information accurate and up to date. Any documents, including visas, that Atlys provides are issued directly by the respective governments. Atlys integrates only with the official sources and can vouch for the authenticity of any documents obtained.

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