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Greece Residency By Investment Program



Greece Residency By Investment Program

Greece Residency By Investment Program

Greece Residency by investment is one of the most popular investment programs in the EU region. Greece Residency by investment is a program created by the local government for  non-EU citizens that has contributed significantly to the Greek economy. There are many options for this investment program, but the most common is investing through the purchase of real estate with a value of at least โ‚ฌ250,000.

The reason why Greece Residency by investment is very popular with the public, so it has become the most popular investment visa program, namely because later non-EU citizens can get citizenship and access to the EU area. Another reason is that the Greek gold visa program offers investors and their families a five-year residency directly, as well as free access to travel in the Schengen Zone.

In the process, you are not required to come or be directly in Greece. To complete the investment, you can provide a Power of Attorney to a legal representative or advisor .

Variety of Investment Options for Greece . 

Program Residency by Investment

Greece registrar Residency by investment , then you must make at least one of the following various investment options:

  1. Estate purchase with a minimum value of โ‚ฌ250,000.

  2. Approve and sign a seew agreement with local hotels or tourist attractions for at least 10 years.

  3. Make a capital investment of at least โ‚ฌ400,000 in a company registered with the Greek government.

  4. Invest a minimum of โ‚ฌ400,000 in Greek government bonds.

  5. Estate investment company in Greece.

  6. Invest a minimum of โ‚ฌ800,000 in corporate or local government bonds.

  7. Make a deposit of at least โ‚ฌ400,000 in a Greek bank.

Recuirement for Greece Residency by Investment

Before stepping into the process, you must meet several eligibility criteria as a Greece applicant Residency by the following investments :

  1. Investors must be adults or over 18 years of age.

  2. Investors must not have a history of criminal records in any country where they live.

  3. Investors must already have health insurance from companies operating in Greece.

  4. Investors must be willing and committed to make significant investments in Greece.

Greece Program Benefits Residency by Investment

To be the most popular and competitive in EU, of course Greece Residency by Investment has various benefits, including:

  1. Greece Residency by investment is an investment program with a variety of options that have a relatively lower threshold than most EU countries which also have similar programs.

  2. As an investor, you will have the right to extend your visa by including family members, such as spouse, unmarried children under 21 years of age and parents who are dependent on you or your spouse. Especially for children, who are over 21 years old and not more than 24 years old, may be included as long as they are still students.

  3. In the process, investors are not required to stay in Greece for a certain period of time and certainly do not need to renew a residence permit.

  4. Investors and their families can have the opportunity to enjoy free travel without using a visa to the Schengen Zone .

  5. Investors are allowed to lease back the properties they have purchased.

  6. Investors have a free right to live and invest in all regions of Greece.

  7. Investors are also entitled to access in the fields of education and health care in the Greek region.

  8. Investors can apply for the creation of Greek citizenship. However, in this case, you are required to live in Greece for at least seven years. Greece is a member of the EU, therefore, once you are officially a citizen of Greece, you will later have access to the EU free market and visa-free travel to more than 100 countries.

Application Submission Stages or Processes for Greece Residency by Investment

Before entering the application process, you must apply for Greece Residency by invest first in the Department of Alien and Immigration which is in the Greek Decentralized Authority, after you previously applied for a visa to the Greek Embassy or Consulate abroad. As for the process, namely:

  1. Obtain a national scale visa from the Greek government at the embassy or consulate in each country.

  2. The next step is to complete the investment you have chosen. Be wise in choosing investments, because later it will matter if you want to hire professional help at the time of application.

  3. Gather all the necessary documents for the Greece program Residency by investment .

  4. After you feel ready with the things above, the next step you have to do is submit documents to the Alien and Immigration Department at your local location.

  5. Waiting for your visa to be processed, for approximately the next three months.

  6. The next step can be taken when your visa application is approved. In this case, you will later be asked to come back to Greece to submit biometric information .

Documents to be Prepared to Apply for Greece Residency by Investment

These documents include:

  1. Application form

  2. Attach a recent photo of yourself with the size of a passport. In this case, you can find out the conditions through an advisor .

  3. Passport. There are two passports that you must include, namely a valid passport and a copy. In your passport, you must also include the necessary entry visa documents.

  4. Documents that prove that you have paid government fees in accordance with regulations.

  5. Documents that prove that you have health insurance in Greece, both for yourself and for each family member.

  6. Proof that you have made an investment or deposited the related funds in accordance with the agreement.

  7. Documents requested by local authorities.

  8. Additional documents according to your type or investment choice, such as

  1. Real estate purchases 

Documents related to this type of investment are purchase contracts, which contain information on the purchase price, payment methods, whether held by institutions or credit, and conditions or facts of purchase. Then there is also proof of the transfer of the contract as well as the certificate issued by the Land Registration Office.

  1. Rent a hotel or tourist spot

Documents related to this second point are like a timeshare contract for a period of 5 years with a price per year. Then proof of transfer registration from the Land Registration Office and a certificate issued by the National Tourism Organization (EOT).

  1. Investment in company

For this investment option, the documents include company details , detailed investment project documents, project location, budget and financing structure for the investment, timeline, prediction of results in the first five years, documents detailing the number of jobs to be created, brief cv, and position. investors in investment projects.

Note: the document to be attached must be translated into Greek, and the document must be certified by the Apostille Stamp (from the Hague Convention country) or the Greek Embassy (if from a country not part of the Hague Convention).

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