7 advantages of a golden visa to Greece

7 advantages of a golden visa to Greece

1. The simple process of obtaining a residence permit

One of the main advantages of a golden visa in Greece is a simplified path to a residence permit. Investors do not need to take exams in Greek language or culture. Also, after obtaining a residence permit, the investor is not required to permanently reside in Greece.

You can apply for a golden visa not only for yourself, but also for family members: spouse, children under the age of 21, and parents.

2. Freedom of movement

The Golden Visa in Greece allows the investor to stay in the country without restrictions within the scope of the status. This is especially convenient, as the investor can arrive in the country even in case of temporary entry restrictions.

3. Visa-free entry to the Schengen area

Holders of a Greek golden visa can freely travel to the countries of the Schengen area. The residence permit card replaces the Schengen visa and allows you to stay in the Schengen countries for up to 90 days within 180 days.

4. Real estate investments

One of the options for obtaining a residence permit is buying property in Greece in the amount of 250,000 euros or more, which is significantly cheaper than in other countries. For example, in Spain the minimum purchase amount for a residence permit is 500,000 €, and in Portugal the opportunity to invest in real estate has been canceled.

Real estate in Greece is a liquid asset, and after 5 years investors can sell it, making a profit. While maintaining positive dynamics in the real estate market, you can return your invested funds and even make money on the price difference.

In addition, real estate can be rented out, receiving additional income of up to 10% per annum. Houses and apartments in Greece are in high demand among tourists.

5. Optimization of tax obligations

By obtaining a residence permit in Greece, an investor can become a tax resident of the country and pay a fixed tax on global income of 100,000 euros per year. This is significantly lower than the standard tax rate, which can reach 45% in other countries.

To become a Greek tax resident, you must reside in the country for at least 183 days per year.

6. Access to quality services

Holders of a Greek golden visa can open accounts with local banks in euros and other currencies. They also get access to free medical care in public hospitals and can send their children to local schools and universities.

7. The prospect of obtaining permanent residence and Greek citizenship

After 5 years of residence in Greece, holders of a golden visa can apply for a permanent residence permit. To do this, they must confirm that they have not left the country for more than 6 months in a row or for 10 months in total.

In addition, after 7 years of residence in Greece, you can apply for citizenship. To obtain citizenship, you must pass an exam in the Greek language, culture, history and the country's governance system, as well as demonstrate your integration into local society.