A residence permit is any document granted by the Greek authorities that grant a third-country resident the legal right to stay in Greek land in compliance with European Union regulations.
Among the most popular investment visa programs in the EU is the Golden Visa program in Greece. It’s a residence-by-investment visa for non-EU citizens who contribute significantly to the Greek economy.
The EU Member States offer golden visas, such as Greece, which are highly sought after because they can lead to nationality and EU membership.
What does this visa program in Greece include?
The Greece Golden Visa grants the investor and their immediate family members instant five-year residency. You can extend the visa every five years for third-country citizens who own real estate worth more than €250,000.
It indicates a more welcoming attitude toward people who desire to invest in real estate in Greece. This investment requirement is the lowest in the European Union, giving Greece a top business, investment, and vacation destination.
The visa program in Greek permits you to live in Greece, open a business in the European Union, and travel freely throughout the Schengen area, including 26 European nations.
Step by step process to obtain a greek golden visa
Select a property
You’ve traveled to Greece to look for a property you want to buy, and it will require a lawyer to examine the property documentation thoroughly. Because the documentation is frequently made out in Greek, it is preferable to choose a local specialist.
Sign a preliminary agreement to get started
You must sign a preliminary buy and sales agreement to prevent the purchase of property by someone else while the lawyer is checking paperwork. As per law, you have to make a deposit of around ten percent of the buying price.
Obtain a Taxpayer Identification Number (TIN)
To pay bills and taxes on the purchased home, you must create an account with a Greek bank. You’ll also need to get a Tax Identification Number beforehand. It is a straightforward process that takes only a few hours at a local tax office.
Create a bank account and deposit funds into it
It is preferable to provide documents in person when creating an account with a Greek bank: the review is more likely to proceed smoothly in this instance. It usually takes 1 to 2 days to open a bank account.
Transfer funds from your home nation’s bank account to your new Greek bank account. It will be used to cover the cost of the acquisition and taxes, and utility payments.
Sign the contract
You can finalize the purchase and sales contract and transfer the funds to the seller’s account once they complete the validation procedure. The local authorities will register the transaction in a month, and you will be able to apply for a Greek residency permit.
Submit a residency application
You must submit a bundle of documentation to the Directorate of Foreign Citizens and Immigration at the property’s location in order to register for residency in Greece.
Once you have submitted all of your paperwork, you will obtain a submission receipt, allowing you to stay in Greece until your residency permits arrive. They examined the materials in 1 to 2 months.
The entrepreneur and their family members must return to Greece when the Greek residency visa is authorized to have their biometrics scanned.
Obtain residence in Greece
Your European resident permits will be ready a few weeks following the fingerprinting. You can get them directly or through your lawyer.
What is the eligibility criteria to apply for the visa program in Greece?
Keep in mind the following things before applying for Greece golden visa –
- You must be at least 18 years old.
- The citizen You shouldn’t have a criminal history in any of the countries where you have lived.
- You must have to make a substantial investment in Greece.
- Should have purchased health insurance through a Greek company.
How much investment do you have to make in order to get a Greece residentship?
You can do one of the following things –
- Buy a property worth roughly €250,000 in real estate.
- Sign a 10-year lease deal with a hotel or other tourist attraction.
- Make a capital investment of at minimum €400,000 in a Greek corporation.
- Make an investment of €400,000 in Greek government bonds.
- Execute a €400,000 investment in real estate investment trust securities or equities.
- Deposit money of €400,000 in a Greek bank.
- Invest money of €800,000 in public or private sector bonds.
To conclude –
So, we hope this information at Live Enhanced will help you out in getting your gold Greece visa. Do let us know if you have any questions regarding the same.