Greece's Golden Visa program offers a captivating opportunity for non-EU citizens to secure permanent residency and, eventually, citizenship in this enchanting Mediterranean nation. Through eligible real estate investments, individuals can gain a foothold in Greece, enjoying its rich culture, picturesque landscapes, and Mediterranean lifestyle.

Eligibility and Investment Options

To qualify for the Golden Visa, non-EU citizens must invest a minimum of €250,000 in eligible real estate properties. The investment can be in newly constructed properties, existing properties, or renovation projects. Properties located in designated regional areas or regions with an acute housing shortage can be eligible for reduced investment thresholds.

Residence and Citizenship Benefits

Upon acquiring the Golden Visa, non-EU citizens can enjoy the benefits of permanent residency in Greece, including the right to live, work, and study in the country without restrictions. Their family members, including spouses, unmarried partners, and dependent children under the age of 21, can also benefit from residency rights.

After holding a Golden Visa for five consecutive years without any violations of the program's conditions, individuals can apply for Greek citizenship. This provides them with full EU citizenship, granting them the right to live, work, and travel freely throughout the Schengen Area.

Additional Advantages of the Golden Visa Program

The Greek Golden Visa program offers several compelling advantages beyond residency and citizenship:

Capital appreciation: The Greek real estate market has exhibited consistent growth, offering the potential for capital appreciation on investment properties.

Income generation: Eligible properties may generate rental income, providing a passive income stream for investors.

Tax benefits: Non-resident property owners are exempt from Greek taxes on property income and capital gains.

Diversification of investment portfolio: Investing in Greek real estate can diversify an investor's portfolio, reducing risk and enhancing overall financial stability.

Procurement of Property and Legal Considerations

When selecting a property for investment, it's advisable to work with experienced real estate agents and legal advisors to ensure the property is eligible for the Golden Visa program and meets all legal requirements. Engaging professional services can also facilitate the acquisition process and minimize potential risks.

Conclusion

The Greek Golden Visa program presents a unique opportunity for non-EU citizens to establish a foothold in this beautiful country, enjoy its many benefits, and potentially pave the way for EU citizenship. With careful planning and professional guidance, individuals can make informed investment decisions and secure a rewarding future in Greece.